Mid Penn Bancorp Reports <a href="https://laohu8.com/S/QTWO">Q2</a> Net Income Drop to $4.8M, EPS Falls to $0.22; Adjusted EPS Exceeds Estimates at $0.70
Mid Penn Bancorp, Inc. $(MPB)$ announced its second-quarter earnings for 2025, reporting net income available to common shareholders of $4.8 million, or $0.22 per diluted common share. This represents a significant decrease from the net income of $11.8 million, or $0.71 per diluted common share, recorded in the second quarter of 2024. Excluding non-recurring income and expenses, net income for the second quarter of 2025 was $15.1 million, with adjusted earnings per common share at $0.70, surpassing the consensus analyst estimate of $0.69 per diluted common share. Mid Penn's shareholders' equity increased by $120.7 million, or 18.4%, reaching $775.7 million as of June 30, 2025, compared to $655.0 million as of December 31, 2024. The increase in retained earnings was primarily driven by the William Penn acquisition. Additionally, Mid Penn declared dividends amounting to $4.7 million during the second quarter of 2025. The company continues to maintain strong regulatory capital ratios, exceeding the necessary levels to be considered "well capitalized." Management has reviewed subsequent events after the balance sheet date for any necessary adjustments or disclosures, and the financial information remains subject to change.
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