Mid Penn Bancorp: Macroeconomic Factors To Elevate Provisions Expenses And Drag Earnings [Seeking Alpha]
Mid Penn Bancorp (MPB)
Last mid penn bancorp earnings: 4/27 04:01 pm
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US:NASDAQ Investor Relations:
midpennbank.com/investors
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Source: Seeking Alpha
Earnings of Mid Penn Bancorp (MPBLockdown to Drive Provisions ExpensesMPB’s provisions expenses will likely surge this year due to the possibility of an economic contraction. The International Monetary Fund forecasts the US economy to contract by 5.9% and the global economy to shrink by 3% this year, according tonews reportsWorld Trade OrganizationOn the plus side, MPB operates in Pennsylvania, which is less affected by the lockdown than other states. According toMoody’s AnalyticsInterest Rate Decline to Affect Yields More than CostsDue to an asset sensitive balance sheet, the federal funds rate cuts will have a greater impact on MPB’s average yield than average funding cost. Consequently, the interest rate decline will lead to a fall in net interest margin, NIM. However, around 32% of total loans carry predetermined rates (or fixed rates), of which 91% have a maturity of greater than one year. These loans will mitigate the pressure on NIM. Additionally, around 57% of time deposits wi
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MPB
News
- Matthew DeSoto Spends US$543k On Mid Penn Bancorp Stock [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common Stock [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common StockBusiness Wire
- Two Pennsylvania banks merge into one [Yahoo! Finance]Yahoo! Finance
- Is It Smart To Buy Mid Penn Bancorp, Inc. (NASDAQ:MPB) Before It Goes Ex-Dividend? [Yahoo! Finance]Yahoo! Finance
MPB
Earnings
- 10/23/24 - Beat
MPB
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/5/24 - Form 8-K
- MPB's page on the SEC website