Mid Penn Bancorp Reports $56.2 Million Net Income for Fiscal Year 2025

Mid Penn Bancorp, Inc. reported a net income of $56.2 million for the fiscal year ending December 31, 2025, translating to earnings per share of $2.55, a decrease from $2.90 in the previous year. The company's total assets increased by 12.1% to $6.1 billion, driven primarily by the acquisition of William Penn Bancorporation, which added $726.5 million in assets, including $405.3 million in loans. The net interest income rose to $199.1 million, up 27.1% from the previous year, with a net interest margin of 3.56%, compared to 3.11% in 2024. This growth was attributed to a combination of increased loan volumes and a decrease in funding costs.

In terms of operational developments, Mid Penn's total loans reached $4.9 billion, marking a 9.4% increase from the previous year, largely due to the addition of loans from the William Penn acquisition. The bank's total deposits also grew by 11.2% to $5.2 billion, with significant contributions from interest-bearing transaction accounts. The bank's noninterest income increased by 19.3% to $26.8 million, driven by higher earnings from cash surrender value of life insurance and fiduciary and wealth management services.

Strategically, Mid Penn has been active in expanding its footprint through acquisitions. In addition to the William Penn acquisition, the bank completed the Brunswick acquisition in May 2023, which added five branches in New Jersey. Furthermore, the company entered into a merger agreement with 1st Colonial Bancorp in September 2025, valued at nearly $101 million, which is expected to enhance its market presence further. The acquisition of Cumberland Advisors, a registered investment advisory firm, was also completed in early 2026, adding approximately $3.2 billion in assets under management.

The bank's employee headcount stood at 705 full-time and 18 part-time employees as of December 31, 2025, reflecting the impact of its recent acquisitions. Mid Penn's focus on maintaining a strong community presence and customer relationships has been a key aspect of its growth strategy. The bank's management emphasized the importance of local decision-making and high-quality service in fostering long-term customer relationships.

Looking ahead, Mid Penn anticipates continued growth driven by its strategic acquisitions and an expanding customer base. However, the company also acknowledged potential challenges, including regulatory changes and market conditions that could impact its operations. The management remains committed to enhancing its capital position and maintaining compliance with regulatory requirements, ensuring the bank's resilience in a competitive financial landscape.