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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News
- Mid Penn Bancorp, Inc. Reports First Quarter Earnings Beat and Declares 54th Consecutive Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. Reports First Quarter Earnings Beat and Declares 54th Consecutive Quarterly DividendBusiness Wire
- Mid Penn Bancorp, Inc. (NASDAQ: MPB) was downgraded by analysts at TheStreet from a "b" rating to a "c+" rating.MarketBeat
- Snow now expected across eastern PA Monday night into Tuesday; winter storm watch for 2-4 inches in Berks County [Yahoo! Finance]Yahoo! Finance
- Here's What We Like About Mid Penn Bancorp's (NASDAQ:MPB) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
MPB
Earnings
- 4/24/24 - Beat
MPB
Analyst Actions
- 2/14/24 - TheStreet
MPB
Sec Filings
- 4/24/24 - Form 8-K
- 4/3/24 - Form 4
- 4/3/24 - Form 4
- MPB's page on the SEC website