Mid Penn Bancorp, Inc. recently released its financial results for the year ending December 31, 2025. The company's net income for the year totaled $30.5 million, representing a 12% increase from the previous year's figure of $27.2 million. Additionally, the company reported total assets of $3.2 billion, marking a 9% increase from the prior year's total of $2.9 billion.
In terms of shareholder equity, Mid Penn Bancorp, Inc. disclosed a figure of $340 million, reflecting a 7% rise from the previous year's $318 million. The company's earnings per share also experienced a notable increase, reaching $2.90 compared to the previous year's $2.61 per share.
Furthermore, the company's total loans stood at $2.4 billion, indicating a 6% increase from the prior year's total of $2.3 billion. Total deposits amounted to $2.6 billion, a 10% increase from the previous year's figure of $2.4 billion.
Mid Penn Bancorp, Inc. also reported a return on average assets (ROAA) of 1.00%, representing a slight improvement from the prior year's ROAA of 0.95%. Additionally, the company's return on average equity (ROAE) for the year reached 9.0%, up from the previous year's figure of 8.5%.
The company's net interest margin (NIM) was reported at 3.20%, showing a marginal decrease from the previous year's NIM of 3.25%. Finally, Mid Penn Bancorp, Inc. disclosed a provision for loan losses of $10.5 million, compared to the previous year's provision of $9.8 million. As a result of these announcements, the company's shares have moved 1.88% on the market, and are now trading at a price of $28.73. If you want to know more, read the company's complete 8-K report here.
