Mid Penn Q2 FY26 net income more than doubled to $21.7 million; net interest margin widens 26 bps to 4.06% vs Q1 FY26
MPB•Balance sheet, dividend and buybacks
Loans rose $107.2 million, or 7.8% annualized, from Q1; deposits slipped $17.7 million, or 1.2% annualized.
Quarterly dividend lifted 4.55% to $0.23 per share; 76,000 shares were repurchased for about $2.5 million.
Quarterly results and margin expansion
Mid Penn Bancorp posts Q2 net income available to common shareholders of $21.7 million; diluted EPS of $0.85, topping the $0.79 consensus estimate.
Diluted EPS more than doubled from $0.22 a year earlier; results reflected the William Penn acquisition plus a full quarter of 1st Colonial.
Tax-equivalent net interest margin widened to 4.06% from 3.80% in Q1, helped by higher investment securities and loan yields plus lower funding costs.
