Mid Penn Bancorp, Inc. Reports Increased Third Quarter Earnings and Declares Dividend
26 Ottobre 2006 - 5:30PM
Business Wire
The Board of Directors of Mid Penn Bancorp, Inc. (AMEX:MBP), parent
company of Mid Penn Bank, declared a quarterly cash dividend of 20
cents per share, payable Monday, November 27, 2006, to shareholders
of record Wednesday, November 8, 2006. Mid Penn Bancorp, Inc. also
reported earnings of $1,242,000 for the third quarter of 2006, an
increase of 9.7% over the $1,132,000 earned in the prior year�s
third quarter. Earnings per share for the third quarter of 2006
amounted to $.37 compared to $.34 during the same period of 2005.
The return on equity was 13.1% for the quarter. Total assets at
September 30, 2006, were approximately $456 million, an increase of
4.8% from the prior year. Gross loans of $332 million increased by
$27 million or 8.8% at September 30, 2006, compared to the prior
year. The increase in loans was primarily in the commercial loan
portfolio. Mid Penn Bank has been an independently owned community
bank since 1868 and is committed to remaining a progressive
independent community bank offering a full line of business,
personal, and trust services. Mid Penn Bancorp, through its
subsidiary, Mid Penn Bank, operates 12 offices in Dauphin,
Northumberland, Schuylkill, and Cumberland Counties. For more
information, visit www.midpennbank.com and view the Investor
Relations page where comprehensive information is available
concerning the corporation. The Board of Directors of Mid Penn
Bancorp, Inc. (AMEX:MBP), parent company of Mid Penn Bank, declared
a quarterly cash dividend of 20 cents per share, payable Monday,
November 27, 2006, to shareholders of record Wednesday, November 8,
2006. Mid Penn Bancorp, Inc. also reported earnings of $1,242,000
for the third quarter of 2006, an increase of 9.7% over the
$1,132,000 earned in the prior year's third quarter. Earnings per
share for the third quarter of 2006 amounted to $.37 compared to
$.34 during the same period of 2005. The return on equity was 13.1%
for the quarter. Total assets at September 30, 2006, were
approximately $456 million, an increase of 4.8% from the prior
year. Gross loans of $332 million increased by $27 million or 8.8%
at September 30, 2006, compared to the prior year. The increase in
loans was primarily in the commercial loan portfolio. Mid Penn Bank
has been an independently owned community bank since 1868 and is
committed to remaining a progressive independent community bank
offering a full line of business, personal, and trust services. Mid
Penn Bancorp, through its subsidiary, Mid Penn Bank, operates 12
offices in Dauphin, Northumberland, Schuylkill, and Cumberland
Counties. For more information, visit www.midpennbank.com and view
the Investor Relations page where comprehensive information is
available concerning the corporation.
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