Monitor upcoming quarters for cost synergies from the 1st Colonial and Cumberland Advisors acquisitions to see if the core efficiency ratio improves from its current elevated level of 63.52%.
Price Chart
Executive Summary
Mid Penn Bancorp reported Q1 2026 earnings of $0.36 per share, missing consensus by $0.44, primarily due to $7.7M in merger-related expenses from the 1st Colonial and Cumberland Advisors acquisitions. Despite the GAAP miss, adjusted EPS of $0.64 beat consensus, and the company raised its buyback authorization by $50M.
Key Financial Metrics
Key Facts
- Q1 2026 EPS of $0.36 missed consensus of $0.80 by $0.44
- $7.7M in merger-related expenses from 1st Colonial and Cumberland Advisors acquisitions drove the GAAP miss
- Adjusted EPS of $0.64 beat consensus, indicating strong underlying performance
- Net interest margin improved to 3.80% (up 1 bp QoQ, 43 bps YoY)
- Organic loan growth of $49.6M (4.1% annualized) and organic deposit growth of $9.3M (0.7% annualized)
- Board reauthorized and expanded share repurchase program by $50M
Financial Impact
$7.7M in merger-related expenses impacted GAAP earnings, but adjusted results beat consensus
Risk Factors
- Integration risk from two recent acquisitions (1st Colonial Bancorp and Cumberland Advisors)
- Elevated noninterest expense impacting profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000879635-26-000030 |
| Document: mpb-20260421.htm | 0000879635-26-000030 |
| Document: 0000879635-26-000030-index-headers.html | 0000879635-26-000030 |
| Document: 0000879635-26-000030-index.html | 0000879635-26-000030 |
| Document: 0000879635-26-000030.txt | 0000879635-26-000030 |
| 8-K Data (Synthetic) | 0000879635-26-000030 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | $33.88 | awaiting T+5 | — | $34.41 (−1.56%) |
Oct 9, 2026 17d ago | 3 | $35.70 $36.04 | ▲ +0.95% | ▲ +2.92% | $34.41 (−3.61%) |
Oct 7, 2026 19d ago | SC 13D/A | $36.17 $35.97 | ▼ −0.55% | ▼ −0.28% | $34.41 (−4.87%) |
Jul 28, 2026 12w ago | 8-K | $38.35 $38.31 | ▼ −0.10% | ▼ −2.37% | $34.41 (−10.27%) |
Jul 22, 2026 13w ago | 8-K | $36.46 $38.54 | ▲ +5.70% | ▲ +5.23% | $34.41 (−5.62%) |
Jun 11, 2026 19w ago | Institutional Cluster | $33.92 $33.04 | ▼ −2.59% | ▼ −3.03% | $34.41 (+1.44%) |
May 12, 2026 23w ago | 8-K | $31.74 $31.84 | ▲ +0.32% | ▲ +0.24% | $34.41 (+8.41%) |
Apr 21, 2026 26w ago | 8-K | $33.82 $33.60 | ▲ +0.64% | ▲ +0.69% | $34.41 (−1.76%) |
Mar 31, 2026 30w ago | Insider Cluster | $31.95 $33.87 | ▲ +6.02% | ▲ +2.07% | $34.41 (+7.71%) |
Mar 31, 2026 30w ago | Insider Cluster | $31.95 $33.87 | ▲ +6.02% | ▲ +2.07% | $34.41 (+7.71%) |
US Market Status
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