Mid Penn Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 04:01 pm EDT
Share
Mid Penn Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 37.48 million compared to USD 39.41 million a year ago. Net income was USD 9.24 million compared to USD 15.48 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.97 a year ago.
For the nine months, net interest income was USD 109.97 million compared to USD 109.26 million a year ago. Net income was USD 25.3 million compared to USD 39.09 million a year ago. Basic earnings per share from continuing operations was USD 1.56 compared to USD 2.45 a year ago. Diluted earnings per share from continuing operations was USD 1.56 compared to USD 2.45 a year ago.
Mid Penn Bancorp, Inc. is a financial holding company. Its operations are conducted by Mid Penn Bank and its nonbank subsidiaries are engaged in commercial banking and trust business. It provides full-service commercial banking and financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development and local government loans and various types of time and demand deposits. It offers services to commercial businesses and real estate investors, consumers, nonprofit organizations, and municipalities through its 49 full-service retail banking properties. Its investment portfolio includes the United States Treasury and United States government agencies, mortgage-backed United States government agencies, and corporate bonds. It also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes.
MID PENN BANCORP, INC. 
