Mid Penn Bancorp, Inc. (MPB)

Mid Penn Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	258.72	218.06	150.26	118.78	103.51	88.08
Interest Income on Investments	20.67	18.28	15.34	4.55	4.43	7.23
Total Interest Income	279.39	236.34	165.6	123.32	107.94	95.31
Interest Paid on Deposits	111.29	79.3	14.14	11.33	16.4	21.55
Interest Paid on Borrowings	15.71	10.07	3.62	3.43	3.33	3.61
Total Interest Expense	127	89.37	17.77	14.75	19.73	25.16
Net Interest Income	152.39	146.97	147.83	108.57	88.21	70.15
Net Interest Income Growth (YoY)	2.59%	-0.58%	36.17%	23.08%	25.75%	25.41%
Trust Income	4.79	5.06	5.07	2.49	1.69	1.42
Mortgage Banking Activities	2.12	1.35	1.61	10.31	9.68	3.77
Gain (Loss) on Sale of Investments	-	-	-	0.08	0.47	1.88
Other Non-Interest Income	11.46	10.76	14.64	6.69	4.99	3.84
Total Non-Interest Income	21.14	19.69	23.66	21.53	17.91	12.62
Non-Interest Income Growth (YoY)	-2.18%	-16.79%	9.86%	20.24%	41.89%	87.67%
Revenues Before Loan Losses	173.53	166.66	171.49	130.1	106.12	82.77
Provision for Loan Losses	0.78	3.3	4.3	2.95	4.2	1.39
Revenue	172.75	163.36	167.19	127.16	101.92	81.38
Revenue Growth (YoY)	4.11%	-2.29%	31.48%	24.77%	25.24%	30.92%
Salaries and Employee Benefits	62.06	58.24	51.46	41.02	37.34	32.01
Occupancy Expenses	5.53	5.27	4.84	3.5	3.4	3.22
Federal Deposit Insurance	4.06	3.5	1.59	1.89	1.68	0.84
Amortization of Goodwill & Intangibles	1.8	1.78	2.01	1.18	1.4	1.43
Selling, General & Administrative	19.9	19.18	17.98	14.14	12.38	11.2
Other Non-Interest Expense	21.39	22.67	21.47	16.47	12.7	10.51
Total Non-Interest Expense	114.75	110.5	99.22	78.16	70.58	59.95
EBT Excluding Unusual Items	58	52.87	67.97	49	31.34	21.43
Other Unusual Items	0.32	0.32	-	-	-	-
Pretax Income	58.24	44.69	67.35	36.05	31.34	21.43
Income Tax Expense	9.94	7.3	12.54	6.73	5.13	3.73
Net Income	48.3	37.4	54.81	29.32	26.21	17.7
Net Income to Common	48.3	37.4	54.81	29.32	26.21	17.7
Net Income Growth	17.76%	-31.76%	86.93%	11.87%	48.07%	67.05%
Basic Shares Outstanding	17	16	16	11	8	8
Diluted Shares Outstanding	17	16	16	11	8	8
Shares Change (YoY)	2.70%	2.61%	47.28%	28.15%	-0.58%	19.75%
EPS (Basic)	2.91	2.29	3.44	2.71	3.11	2.09
EPS (Diluted)	2.91	2.29	3.44	2.71	3.10	2.09
EPS Growth	14.37%	-33.43%	26.94%	-12.58%	48.33%	41.22%
Dividend Per Share	0.800	0.800	0.800	0.800	0.730	0.720
Dividend Growth	0%	0%	0%	9.59%	1.39%	20.00%
Effective Tax Rate	17.06%	16.33%	18.62%	18.67%	16.37%	17.39%

Source: S&P Capital IQ. Banks template. Financial Sources.