Mid Penn Bancorp Inc (NASDAQ: MPB) is a community banking company that attracts deposits and originates loans through its network of retail banking offices in Pennsylvania and New Jersey. It makes money primarily on net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits, supplemented by noninterest income from fiduciary and wealth management services, mortgage banking, ATM debit card interchange, service charges on deposits, SBA loan sales, and mortgage hedging. As of December 31, 2025, Mid Penn operates 51 full-service retail banking locations in central and southeastern Pennsylvania and 8 full-service retail banking locations in central and southern New Jersey, through its bank subsidiary. Total loans outstanding were $4.86 billion as of December 31, 2025, with commercial real estate representing 56.0% of the total loan portfolio. The company is led by Rory G. Ritrievi, who serves as Chair, President, and Chief Executive Officer, with Justin T. Webb as Chief Financial Officer.

Revenue model

Net interest income from the spread on loans and investment securities funded by deposits, plus noninterest income from fiduciary and wealth management fees, mortgage banking, ATM debit card interchange, service charges on deposits, net gains on SBA loan sales, and mortgage hedging.

Products and services

Commercial real estate loans (nonowner occupied, owner occupied, multifamily, farmland), commercial and industrial loans, construction loans (residential and other), residential mortgage loans (1-4 family first lien, 1-4 family rental, HELOC and junior liens), consumer loans, deposit accounts, certificates of deposit, fiduciary and wealth management services (including Cumberland Advisors investment advisory, acquired subsequent to December 31, 2025 with approximately $3.2 billion in assets under management), mortgage banking, SBA loan origination and sales.

Customers and end markets

Retail and commercial depositors, commercial real estate borrowers, residential mortgage borrowers, commercial and industrial borrowers, construction borrowers, and wealth management clients in central and southeastern Pennsylvania and central and southern New Jersey.

Value-chain role

Deposit-funded community lender and fee-based financial services provider operating directly with retail and commercial customers through branch offices.

Geographic exposure

Central and southeastern Pennsylvania (51 full-service retail banking locations as of December 31, 2025) and central and southern New Jersey (8 full-service retail banking locations as of December 31, 2025).

Source: SEC 10-K, filed 2026-03-12

Industry: State Commercial Banks Peers: Equity Bancshares Inc Farmers National Banc Corp MidWestOne Financial Group, Inc. Mercantile Bank Corp PNC Financial Services Group Inc South Plains Financial Inc