Mid Penn FY26 Q2 net income more than quadruples to $21.69 million; net interest margin widens 62 basis points to 4.06%
MPB•Quarterly results
- Mid Penn Bancorp posted net income of $21.69 million in the June 30, 2026 quarter, up 355.5% year over year; diluted EPS rose to $0.85.
- Net interest margin widened 62 basis points to 4.06%, as the yield on earning assets rose 30 basis points while funding costs fell 41 basis points.
- Noninterest income climbed 72.3% to $10.59 million, led by a $2.49 million jump in fiduciary and wealth management fees tied to the Cumberland Advisors acquisition.
Balance sheet and credit quality
- Nonperforming assets increased to $36.81 million, pushing the ratio to total assets to 0.52%.
- Total loans grew 15.5% to $5.6 billion, and deposits rose 14.2% to $6.0 billion, reflecting the 1st Colonial acquisition completed .
