MPB

MKT CAP:$844M

Mid Penn Bancorp, Inc.

Market Cap

$844M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$33.80+$2.95 (+9.54%)

Apr 22, 2026

Company Details

Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand dep...

CEO

Rory G. Ritrievi

IPO Date

Dec 4, 1997

Website

www.midpennbank.com

Key Metrics TTM

Revenue

$350M

+12.9% YoY

Net Income

$51M

EPS (Diluted)

$2.37

Free Cash Flow

-$31M

Revenue / Share

$14.92

Gross Margin

63.5%

Operating Margin

18.9%

Net Margin

14.6%

FCF Margin

-9.0%

P/S

2.4x

P/E

16.5x

Earnings Reports

Q1 2026

Apr 21, 2026

NEW

$78M+1.7%EPS $0.37

FY 2025

Mar 12, 2026

$327M+6.6%EPS $2.55

Q4 2025

Mar 12, 2026

$92M+17.3%EPS $0.83

Q3 2025

Nov 6, 2025

$94M+19.9%EPS $0.95

Q2 2025

Aug 7, 2025

$86M+12.5%EPS $0.22

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$43M	$38M	$15M
Q3 22	$49M	$43M	$19M
Q4 22	$53M	$44M	$19M
Q1 23	$54M	$39M	$14M
Q2 23	$61M	$40M	$5M
Q3 23	$68M	$40M	$12M
Q4 23	$71M	$41M	$14M
Q1 24	$73M	$43M	$15M
Q2 24	$76M	$42M	$14M
Q3 24	$78M	$44M	$15M
Q4 24	$79M	$46M	$16M
Q1 25	$76M	$47M	$17M
Q2 25	$86M	$51M	$4M
Q3 25	$94M	$61M	$24M
Q4 25	$92M	$62M	$26M
Q1 26	$78M	$47M	$11M

Valuation

Quarter	P/S	P/E
Q2 22	2.8x	12.9x
Q3 22	2.7x	11.8x
Q4 22	2.6x	8.8x
Q1 23	2.1x	7.6x
Q2 23	1.7x	8.0x
Q3 23	1.4x	8.1x
Q4 23	1.6x	10.6x
Q1 24	1.2x	8.7x
Q2 24	1.3x	8.0x
Q3 24	1.7x	10.3x
Q4 24	1.6x	9.7x
Q1 25	1.6x	9.8x
Q2 25	1.7x	12.4x
Q3 25	1.9x	12.5x
Q4 25	2.1x	12.9x
Q1 26	2.1x	14.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$11M	$10M
Q2 22	$13M	$12M
Q3 22	$18M	$17M
Q4 22	$18M	$18M
Q1 23	$13M	$12M
Q2 23	$11M	$10M
Q3 23	$13M	$12M
Q4 23	$16M	$15M
Q1 24	$12M	$12M
Q2 24	$18M	$18M
Q3 24	$17M	$17M
Q4 24	$4M	-$2M
Q1 25	$12M	$9M
Q2 25	$29M	$27M
Q3 25	$26M	$24M
Q4 25	-$84M	-$92M

Capital Expenditures

Quarter	CapEx
Q1 22	$1M
Q2 22	$1M
Q3 22	$1M
Q4 22	$515.0K
Q1 23	$922.0K
Q2 23	$915.0K
Q3 23	$870.0K
Q4 23	$63.0K
Q1 24	$351.0K
Q2 24	$295.0K
Q3 24	$18.0K
Q4 24	$6M
Q1 25	$3M
Q2 25	$2M
Q3 25	$2M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+20.3%	+17.4%
Q3 22	+39.1%	+28.9%
Q4 22	+40.2%	-9.5%
Q1 23	+26.1%	+39.0%
Q2 23	+43.1%	+102.4%
Q3 23	+40.5%	+92.6%
Q4 23	+33.7%	+67.5%
Q1 24	+36.0%	+46.1%
Q2 24	+23.8%	+9.5%
Q3 24	+15.1%	+12.3%
Q4 24	+11.2%	+10.9%
Q1 25	+3.8%	+1.2%
Q2 25	+12.5%	+31.6%
Q3 25	+19.9%	+9.7%
Q4 25	+17.3%	+5.9%
Q1 26	+1.7%	+11.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$168.0K	0.4%
Q2 22	$291.0K	0.7%
Q3 22	$237.0K	0.5%
Q4 22	$446.0K	0.8%
Q1 23	$249.0K	0.5%
Q2 23	$251.0K	0.4%
Q3 23	$312.0K	0.5%
Q4 23	$291.0K	0.4%
Q1 24	$284.0K	0.4%
Q2 24	$306.0K	0.4%
Q3 24	$235.0K	0.3%
Q4 24	$222.0K	0.3%
Q1 25	$218.0K	0.3%
Q2 25	$326.0K	0.4%
Q3 25	$914.0K	1.0%
Q4 25	$541.0K	0.6%

OpEx Breakdown

Quarter	G&A
Q2 22	$15M
Q3 22	$14M
Q4 22	$8M
Q1 23	$14M
Q2 23	$16M
Q3 23	$17M
Q4 23	$16M
Q1 24	$16M
Q2 24	$17M
Q3 24	$17M
Q4 24	$18M
Q1 25	$17M
Q2 25	$22M
Q3 25	$21M
Q4 25	$20M
Q1 26	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$69M	$219M	$289M
Q3 22	$81M	$243M	$323M
Q4 22	$58M	$238M	$296M
Q1 23	$56M	$237M	$293M
Q2 23	$84M	$229M	$313M
Q3 23	$65M	$218M	$284M
Q4 23	$80M	$224M	$304M
Q1 24	$65M	$218M	$283M
Q2 24	$63M	$208M	$271M
Q3 24	$77M	$256M	$333M
Q4 24	$51M	$260M	$312M
Q1 25	$65M	$258M	$323M
Q2 25	$75M	$405M	$480M
Q3 25	$43M	$389M	$432M
Q4 25	$47M	$5M	$52M
Q1 26	$141M	$5M	$147M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	16M	-0.0%	+54.5%
Q3 22	16M	-0.5%	+39.0%
Q4 22	16M	-0.0%	+39.6%
Q1 23	16M	+0.3%	-0.3%
Q2 23	17M	+4.7%	+4.4%
Q3 23	17M	-0.5%	+4.4%
Q4 23	17M	-0.1%	+4.4%
Q1 24	17M	+0.2%	+4.3%
Q2 24	17M	-0.0%	-0.4%
Q3 24	17M	0.0%	+0.1%
Q4 24	18M	+10.4%	+10.6%
Q1 25	19M	+5.6%	+16.5%
Q2 25	19M	0.0%	+16.6%
Q3 25	19M	0.0%	+16.6%
Q4 25	23M	+21.0%	+27.8%
Q1 26	23M	0.0%	+21.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$7M	6
Q3 22	$8M	6
Q4 22	$5M	10
Q1 23	$5M	10
Q2 23	$6M	10
Q3 23	$7M	10
Q4 23	$115.7K	612
Q1 24	$120.1K	612
Q2 24	$124.2K	612
Q3 24	$128.2K	612
Q4 24	$133.3K	591
Q1 25	$129.1K	591
Q2 25	$144.7K	591
Q3 25	$159.1K	591
Q4 25	$131.1K	705
Q1 26	$110.1K	705

Revenue / Employee