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Mid Penn Q1 FY26 net income drops 36.7% to $8.71 million
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Mid Penn Q1 FY26 net income drops 36.7% to $8.71 million
  • Mid Penn Bancorp posted net income of $8.7 million, down 36.6%, with diluted EPS of $0.36 versus $0.71 a year earlier.
  • Net interest income climbed to $55.3 million, with net interest margin widening 43 basis points to 3.80%.
  • Noninterest income rose to $9.6 million, driven by fiduciary and wealth management income of $3.66 million, while noninterest expense jumped to $52 million on merger and acquisition expense of $7.72 million.
  • Total loans grew 13.3% to $5.5 billion, total deposits increased 14.5% to $6 billion, while nonperforming assets to total assets edged up to 0.55% from 0.46%.
  • Completed 1st Colonial acquisition on Feb. 27, adding $842.5 million of assets including $597.5 million of loans; closed Cumberland Advisors deal on Jan. 1 with about $3.2 billion in assets under management.


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: 0000879635-26-000035), on May 07, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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