Mid Penn Bancorp (MPB) investor relations material

Executive summary

• Net income for Q1 2026 was $8.7 million ($0.36 per share), down from $13.7 million ($0.71 per share) in Q1 2025, primarily due to $7.7 million in merger-related expenses and $370 thousand in non-recurring compensation expenses.

• Adjusted earnings per share, excluding non-recurring items, was $0.64, reflecting a higher share count post-acquisitions.

• Completed acquisitions of 1st Colonial Bancorp (adding $842.5 million in assets) and Cumberland Advisors (adding $3.2 billion in AUM), expanding lending and wealth management capabilities.

• Total assets grew to $7.0 billion, up 13.5% from December 31, 2025, primarily due to acquisitions.

• Declared a $0.22 per share dividend for Q1 2026 and expanded the treasury stock repurchase program by $50 million.

Financial highlights

• Total revenue for Q1 2026 was $64.9 million, with pre-provision net revenues of $12.9 million, both exceeding consensus estimates.

• Net interest income rose to $55.3 million from $42.5 million year-over-year; net interest margin increased to 3.80% from 3.37%.

• Noninterest income increased 83.3% year-over-year to $9.6 million, mainly from fiduciary and wealth management fees and insurance commissions.

• Noninterest expense rose 69.6% year-over-year to $52.0 million, mainly due to merger and acquisition costs and higher salaries.

• Provision for credit losses on loans was $1.6 million, up from $321 thousand in Q1 2025.

Outlook and guidance

• Management expects continued integration of recent acquisitions and focus on realizing cost synergies.

• No material changes to critical accounting estimates or guidance for the remainder of 2026.

• Cautious optimism expressed regarding loan and deposit pipelines amid macroeconomic uncertainty.