Mid Penn Bancorp Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line

+0.55%

Mid Penn Bancorp, Inc.

MPB

25.39

+0.55%

Mid Penn Bancorp (NASDAQ:MPB) Full Year 2024 Results

Key Financial Results

Revenue: US$177.6m (up 9.0% from FY 2023).
Net income: US$49.4m (up 32% from FY 2023).
Profit margin: 28% (up from 23% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$2.90 (up from US$2.29 in FY 2023).

MPB Banking Performance Indicators

Net interest margin (NIM): 3.11% (down from 3.26% in FY 2023).
Non-performing loans: 0.51% (up from 0.33% in FY 2023).

revenue-and-expenses-breakdown — NasdaqGM:MPB Revenue and Expenses Breakdown March 16th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Mid Penn Bancorp Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Full-Service Commercial Banking and Trust Business contributing US$177.6m. The largest operating expense was General & Administrative costs, amounting to US$90.2m (70% of total expenses). Explore how MPB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US.

The company's shares are down 5.3% from a week ago.

Valuation

Our analysis of Mid Penn Bancorp based on 6 different valuation metrics shows it might be undervalued. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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