Mid Penn Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 05:29 pm EDT
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Mid Penn Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 36.44 million compared to USD 35.43 million a year ago. Net income was USD 4.84 million compared to USD 12.25 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.77 a year ago.
For the six months, net interest income was USD 72.49 million compared to USD 69.85 million a year ago. Net income was USD 16.06 million compared to USD 23.61 million a year ago. Basic earnings per share from continuing operations was USD 1 compared to USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 1 compared to USD 1.48 a year ago.
Mid Penn Bancorp, Inc. is a financial holding company. Its operations are conducted by Mid Penn Bank and its nonbank subsidiaries are engaged in commercial banking and trust business. It provides full-service commercial banking and financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development and local government loans and various types of time and demand deposits. It offers services to commercial businesses and real estate investors, consumers, nonprofit organizations, and municipalities through its 49 full-service retail banking properties. Its investment portfolio includes the United States Treasury and United States government agencies, mortgage-backed United States government agencies, and corporate bonds. It also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes.
MID PENN BANCORP, INC. 
