Recent Updates — MPB
Dana R. Stewart, First Executive Vice President and Chief Operating Officer of Mid Penn Bank, notified the bank of his resignation from all positions held with the institution, effective October 30, 2026. The company stated that Mr. Stewart’s decision to resign is not the result of any disagreement with the Corporation or Bank on any matter relating to operations, policies, or practices. Mid Penn Bancorp operates as a bank holding company in Pennsylvania.
Mid Penn Bancorp reported net income available to common shareholders of $21.6 million, or $0.85 per basic share, for the quarter ended September 30, 2026, an increase from $18.3 million in the prior year period. The company also declared a quarterly cash dividend of $0.23 per common share, payable on November 13, 2026 to shareholders of record as of November 2, 2026. Mid Penn operates as a bank holding company providing financial services through its subsidiary, Mid Penn Bank.
Mid Penn Bancorp appointed Gregory B. Braca as an independent director effective September 16, 2026. Braca brings over 40 years of experience, including tenure as former president and CEO of TD Bank, and serves on the Audit, Compensation, and Risk Committees. Concurrently, the Board adopted bylaw amendments to phase in the declassification of its board structure, transitioning from staggered three-year terms to annual elections beginning with the 2029 annual meeting. Mid Penn Bancorp operates as a full-service commercial bank.
Mid Penn Bancorp filed an amendment to disclose the material terms of a change in control agreement executed on July 31, 2026, for Dana R. Stewart upon his appointment as First Executive Vice President and Chief Operating Officer of Mid Penn Bank. The three-year agreement with automatic annual renewals includes a double-trigger severance benefit equal to 2.25 times Mr. Stewart's highest annual base salary over the preceding twelve months, payable only if employment is terminated without cause or for good reason following a change in control. Additionally, the agreement provides for twenty-seven months of continued health benefits or cash equivalent upon qualifying termination, subject to non-solicitation covenants. Mid Penn Bancorp operates as a bank holding company providing financial services through its wholly-owned subsidiary.
Mid Penn Bancorp, Inc. filed an investor presentation for use during the third quarter of 2026. The presentation highlights the company's financial performance for the quarter ended June 30, 2026, reporting net income of $21.7 million and core net income of $22.0 million. Key metrics include total assets of $7.1 billion, gross loans of $5.6 billion, and deposits of $6.0 billion. The company noted recent strategic acquisitions, including 1st Colonial Bancorp, Inc. and Cumberland Advisors. Mid Penn Bancorp, Inc. is a financial services company providing banking and trust services.
Mid Penn Bancorp, Inc. reported second quarter 2026 earnings with net income of $21.7 million, or $0.85 per diluted common share, exceeding consensus estimates. The company declared a quarterly cash dividend of $0.23 per common share, a 4.55% increase from the previous quarter. Mid Penn Bancorp, Inc. is a financial services company providing banking and wealth management services.