Mid Penn Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 08:13 pm IST
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Mid Penn Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 27.789 million compared to USD 17.305 million a year ago. Net income was USD 9.011 million compared to USD 4.408 million a year ago. Basic earnings per share from continuing operations was USD 1.07 compared to USD 0.52 a year ago. Diluted earnings per share from continuing operations was USD 1.06 compared to USD 0.52 a year ago. For the full year, net interest income was USD 88.208 million compared to USD 70.148 million a year ago. Net income was USD 26.209 million compared to USD 17.701 million a year ago. Basic earnings per share from continuing operations was USD 3.11 compared to USD 2.09 a year ago. Diluted earnings per share from continuing operations was USD 3.1 compared to USD 2.09 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. 
