Mid Penn FY26 Q2 net income more than quadruples to $21.69 million; net interest margin widens 62 basis points to 4.06%

Reuters2026/08/06 21:41

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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 percentage 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.
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, deposits rose 14.2% to $6.0 billion, reflecting the 1st Colonial acquisition completed Feb. 27, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mid Penn Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000879635-26-000051), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mid Penn FY26 Q2 net income more than quadruples to $21.69 million; net interest margin widens 62 basis points to 4.06%

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