MPB FY 2023 Earnings Report — Mid Penn Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Mid Penn Bancorp, Inc.MPB

FY 2023 Earnings

Reported March 28, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$254M	—	$187M	—	35.9%
Op. Income	$45M	—	$67M	—	-33.6%
Gross Margin	63.6%	—	88.2%	—	-24.6pp
Net Margin	14.7%	—	29.3%	—	-14.6pp
EPS (Diluted)	$2.29	—	$3.44	—	-33.4%
Free Cash Flow	$50M	—	$56M	—	-11.1%

Revenue Flow

Item	Amount
REVENUE	$254M
Cost of Revenue	$93M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$54M
Operating Expenses	$117M
Cost & Expenses	$210M
OPERATING INCOME	$45M
Interest Income	$236M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$7M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$7M
EBIT	$45M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$254M
Cost of Revenue	$93M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$54M
Operating Expenses	$117M
Cost & Expenses	$210M
OPERATING INCOME	$45M
Interest Income	$236M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$7M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$7M
EBIT	$45M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$7M
Stock-Based Compensation	$1M
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	$7M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$3M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$29M
Other Investing Activities	-$436M
NET CASH FROM INVESTING	-$409M
Net Debt Issuance	$123M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$13M
Other Financing Activities	$287M
NET CASH FROM FINANCING	$392M
FREE CASH FLOW	$50M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$224M
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$329M
PP&E (Net)	$49M
Goodwill	$127M
Intangible Assets	$6M
Long-Term Investments	$4.6B
Tax Assets	$24M
Other Non-Current Assets	$133M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$5.3B
Account Payables	$14M
Short-Term Debt	$242M
Deferred Revenue	$0
Other Current Liabilities	$4.3B
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$102M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$146M
TOTAL LIABILITIES	$4.7B
Common Stock	$17M
Additional Paid-In Capital	$406M
Retained Earnings	$146M
Treasury Stock	-$10M
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$542M
Minority Interest	$0
TOTAL EQUITY	$542M
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$356M
Net Debt	$276M