MPB FY 2021 Earnings Report — Mid Penn Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Mid Penn Bancorp, Inc.MPB

FY 2021 Earnings

Reported March 15, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$144M	—	$123M	—	17.2%
Op. Income	$36M	—	$31M	—	15.0%
Gross Margin	87.7%	—	80.5%	—	7.2pp
Net Margin	20.4%	—	21.4%	—	-1.0pp
EPS (Diluted)	$2.71	—	$3.10	—	-12.6%
Free Cash Flow	$62M	—	$10M	—	500.9%

Revenue Flow

Item	Amount
REVENUE	$144M
Cost of Revenue	$18M
GROSS PROFIT	$126M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$44M
SG&A Expenses	$44M
Other Expenses	$46M
Operating Expenses	$90M
Cost & Expenses	$108M
OPERATING INCOME	$36M
Interest Income	$123M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$7M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$5M
EBIT	$36M
EBITDA	$41M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$144M
Cost of Revenue	$18M
GROSS PROFIT	$126M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$44M
SG&A Expenses	$44M
Other Expenses	$46M
Operating Expenses	$90M
Cost & Expenses	$108M
OPERATING INCOME	$36M
Interest Income	$123M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$7M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$5M
EBIT	$36M
EBITDA	$41M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$5M
Stock-Based Compensation	$696.0K
Deferred Income Tax	$484.0K
Other Non-Cash Items	$19M
Change in Working Capital	$12M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$3M
Acquisitions (Net)	$315M
Purchases of Investments	-$309M
Sales/Maturities of Investments	$50M
Other Investing Activities	$116M
NET CASH FROM INVESTING	$169M
Net Debt Issuance	-$133M
Common Stock Repurchased	-$128.0K
Common Dividends Paid	-$9M
Other Financing Activities	$446M
NET CASH FROM FINANCING	$375M
FREE CASH FLOW	$62M
Net Change in Cash	$610M

Balance Sheet

Item	Amount
Cash & Equivalents	$187M
Short-Term Investments	$63M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$262M
PP&E (Net)	$45M
Goodwill	$114M
Intangible Assets	$9M
Long-Term Investments	$3.4B
Tax Assets	$11M
Other Non-Current Assets	$814M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$4.7B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29M
TOTAL NON-CURRENT LIABILITIES	$196M
TOTAL LIABILITIES	$4.2B
Common Stock	$16M
Additional Paid-In Capital	$385M
Retained Earnings	$91M
Treasury Stock	-$2M
Accum. Other Comp. Income	$158.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$490M
Minority Interest	$0
TOTAL EQUITY	$490M
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$167M
Net Debt	-$20M