Mid Penn Bank's Q2 EPS falls

Reuters
2025.07.23 21:48
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Mid Penn Bank reported a Q2 EPS of $0.22, down 59.5% in net income compared to last year. Total deposits rose 21.18% year-over-year, aided by the William Penn acquisition, which added $757.3 million in assets. The bank anticipates reaching the lower end of its loan growth target by year-end and is cautiously optimistic about future performance. Analysts maintain a "strong buy" rating, with a median 12-month price target of $35.00, reflecting a 17.2% upside from its recent trading price of $28.99.

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