MPB News & Events

Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that shareholders from 1st Colonial approved Mid Penn's proposed acquisition of 1st Colonial at a special meeting of 1st Colonial's shareholders. Of the total number of votes received, over 99% of 1st Colonial shares voted in favor of the merger proposal. The merger will extend Mid Penn's footprint into the Greater Philadelphia area market, and will expand its presence in Southeastern Pennsylvania and Southern New Jersey. Mid Penn, on a pro forma basis following completion of the merger, is expected to have approximately $7.5B in assets as of March 31.

Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that they have received all required regulatory approvals to complete the previously announced transaction pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101M. Pending receipt of approval from shareholders of 1st Colonial, and certain other customary closing conditions, the parties intend to close the transaction in the first quarter of 2026. Following completion of the merger, 1st Colonial will be merged with and into Mid Penn Bank.

Reports Q4 net interest margin up to 3.79% vs. 3.60% for Q3 and 3.21% for the year ago quarter. Tangible book value per common share was $28.76 as of December 31, 2025, compared to $27.96 and $26.90 as of September 30, 2025 and December 31, 2024, respectively. CEO Rory Ritrievi stated: "We are pleased to announce our Q4 of 2025 and full year 2025 results of operations to our shareholders. Q4 included a return to organic loan growth, improvement in asset quality, improvement in net interest margin and a disciplined approach to operating expense management. For the full year, we improved profitability metrics through a solid performance in asset quality, a 58 basis point net interest margin expansion, a 19% increase in noninterest income growth and solid improvement in core operating expense management that led to an overall efficiency ratio for the year of 59.33%, a significant improvement over the 64.96% ratio for FY24. Based upon the foregoing, we are happy to announce a Q4 dividend of 22c per common share, payable February 17, 2026, to shareholders of record as of February 6, 2026, as well as a 5c special dividend, payable February 17, 2026, to shareholders of record as of February 6, 2026."

Mid Penn Bancorp declared a special dividend of 5c per common share, payable February 17 to shareholders of record as of February 6.