Mid Penn Bancorp provides commercial banking and trust business services to individuals, partnerships, non-profit organizations, and corporations in Pennsylvania. It offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and individual retirement accounts. The Company also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans.

Employee Rating

3.3More
TypePublic
HQMillersburg, US
Founded1868
Size (employees)255 (est)+9%
Websitemidpennbank.com
Mid Penn Bancorp was founded in 1868 and is headquartered in Millersburg, US
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Key People/Management at Mid Penn Bancorp

Rory G. Ritrievi

Rory G. Ritrievi

President & CEO
Michael D. Peduzzi

Michael D. Peduzzi

CFO
Scott W. Micklewright

Scott W. Micklewright

Chief Lending Officer
Kelly K. Neiderer

Kelly K. Neiderer

Chief Retail Officer
Joseph Louis Paese

Joseph Louis Paese

Director of Trust & Wealth Management
Justin T. Webb

Justin T. Webb

Chief Risk Officer
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Mid Penn Bancorp Office Locations

Mid Penn Bancorp has an office in Millersburg
Millersburg, US (HQ)
349 Union St
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Mid Penn Bancorp Financials and Metrics

Mid Penn Bancorp Revenue

Mid Penn Bancorp's revenue was reported to be $49.59 m in FY, 2017
USD

Revenue (Q3, 2018)

21.7m

Gross profit (Q3, 2018)

18.1m

Gross profit margin (Q3, 2018), %

83.1%

Net income (Q3, 2018)

2.2m

EBIT (Q3, 2018)

15.9m

Market capitalization (9-Nov-2018)

223.5m

Closing stock price (9-Nov-2018)

26.5

Cash (30-Sep-2018)

62.1m

EV

181.3m
Mid Penn Bancorp's current market capitalization is $223.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

32.3m30.6m40.6m46.1m49.6m

Revenue growth, %

6%19%26%

Cost of goods sold

5.1m4.6m5.4m6.3m

Gross profit

27.2m36.0m40.8m43.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

8.4m8.3m10.7m10.4m10.9m11.3m11.5m12.0m12.2m12.7m14.6m15.3m21.7m

Cost of goods sold

1.2m1.1m1.2m1.2m1.3m1.3m1.4m1.4m1.5m1.6m2.1m2.3m3.7m

Gross profit

7.2m7.2m9.6m9.3m9.6m9.9m10.2m10.6m10.8m11.1m12.5m13.0m18.1m

Gross profit Margin, %

86%87%89%89%88%88%88%88%88%87%86%85%83%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

8.6m9.9m13.3m46.0m23.5m

Accounts Receivable

2.7m3.1m3.8m

Inventories

Goodwill

1.0m1.0m3.9m3.9m3.9m
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

4.9m5.7m6.5m7.8m7.1m

Depreciation and Amortization

1.3m1.2m1.6m1.8m1.6m

Inventories

Accounts Payable

(227.0k)(44.0k)32.0k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

3.5m1.5m3.2m4.8m963.0k3.0m4.9m1.8m3.8m5.7m2.0m4.3m6.6m1.0m3.8m5.9m

Depreciation and Amortization

1.0m317.0k643.0k980.0k327.0k738.0k1.1m456.0k891.0k1.3m392.0k768.0k1.2m671.0k1.5m2.5m

Accounts Payable

32.0k32.0k32.0k16.0k16.0k1.1m

Cash From Operating Activities

10.0m1.7m4.8m7.1m1.8m4.5m10.5m7.2m18.8m19.7m3.2m4.5m9.5m2.9m4.9m6.3m
USDY, 2018

EV/EBIT

11.4 x

EV/CFO

28.8 x

Debt/Equity

0.1 x

Financial Leverage

9.2 x
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Mid Penn Bancorp Online and Social Media Presence

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Mid Penn Bancorp News and Updates

Shareholders of Mid Penn Bancorp, Inc. and First Priority Financial Corp. Approve Merger

MILLERSBURG, Pa. and MALVERN, Pa., July 26, 2018 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ:MPB) and First Priority Financial Corp. (“First Priority”) (OTCQX:FPBK) announced that shareholders from both Mid Penn and First Priority, at special meetings of their respective shareh…
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Mid Penn Bancorp Blogs

DID YOU KNOW: credit unions don’t pay taxes?

Credit unions operate like banks, so why don’t they pay taxes like banks? Credit unions were originally chartered to enable people of small means with ... The post DID YOU KNOW: credit unions don’t pay taxes? appeared first on Mid Penn Bank.

Supporting Breast Cancer Research All Year Long

It’s no secret that fighting breast cancer is important to us. Over the last 3 years, we’ve donated more than $175,000 to breast cancer research; ... The post Supporting Breast Cancer Research All Year Long appeared first on Mid Penn Bank.

How to Calculate the Real Cost of College

There is no getting around the fact that college is expensive. According to the College Board, the cost of tuition at a four-year school for ... The post How to Calculate the Real Cost of College appeared first on Mid Penn Bank.

Meet Mid Penn!

For 150 years, Mid Penn Bank has remained committed to serving the local community and providing comprehensive financial solutions. Our employees are the way in ... The post Meet Mid Penn! appeared first on Mid Penn Bank.

Shareholders of Mid Penn Bancorp, Inc. and First Priority Financial Corp. Approve Merger

Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ:  MPB) and First Priority Financial Corp. (“First Priority”) (OTCQX: FPBK) announced that shareholders from both Mid Penn and ... The post Shareholders of Mid Penn Bancorp, Inc. and First Priority Financial Corp. Approve Merger appeared first on Mid Penn B…

Mid Penn Bank Hires Commercial Loan Officer Rob Meuse

Mid Penn Bank today announced the appointment of Robert J. Meuse as commercial loan officer. In his new role, Meuse will be responsible for identifying ... The post Mid Penn Bank Hires Commercial Loan Officer Rob Meuse appeared first on Mid Penn Bank.
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Mid Penn Bancorp Company Life and Culture

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Mid Penn Bancorp Frequently Asked Questions

  • When was Mid Penn Bancorp founded?

    Mid Penn Bancorp was founded in 1868.

  • Who are Mid Penn Bancorp key executives?

    Mid Penn Bancorp's key executives are Rory G. Ritrievi, Michael D. Peduzzi and Scott W. Micklewright.

  • How many employees does Mid Penn Bancorp have?

    Mid Penn Bancorp has 255 employees.

  • What is Mid Penn Bancorp revenue?

    Latest Mid Penn Bancorp annual revenue is $49.6 m.

  • What is Mid Penn Bancorp revenue per employee?

    Latest Mid Penn Bancorp revenue per employee is $194.5 k.

  • Who are Mid Penn Bancorp competitors?

    Competitors of Mid Penn Bancorp include First Financial Northwest, Shawbrook and KeyCorp.

  • Where is Mid Penn Bancorp headquarters?

    Mid Penn Bancorp headquarters is located at 349 Union St, Millersburg.

  • Where are Mid Penn Bancorp offices?

    Mid Penn Bancorp has an office in Millersburg.

  • How many offices does Mid Penn Bancorp have?

    Mid Penn Bancorp has 1 office.