Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Shareholder Meeting (May 2021)
29 slides from Mid Penn Bancorp's shareholder meeting presentation, May 11, 2021
Slide 1: Annual Meeting of Shareholders May 11, 2021
Annual Meeting of Shareholders May 11, 2021 Exhibit 99.1
Slide 2: Robert C. Grubic, Chairman
Robert C. Grubic Chairman of Mid Penn Bancorp, Inc. and Mid Penn Bank Chairman & CEO, Herbert Rowland & Grubic, Inc. Annual Meeting of Shareholders May 11, 2021
Slide 3: Introduction of Board Members
Robert C. Grubic Chairman of Mid Penn Bancorp, Inc. and Mid Penn Bank Annual Meeting of Shareholders May 11, 2021 Introduction of Board Members
Slide 4: Board Members
William A. Specht, III Vice-Chairman of Mid Penn Bancorp and Mid Penn Bank President & CEO, Seal Glove Manufacturing, Inc. and Ark Safety Annual Meeting of Shareholders May 11, 2021 Robert A. Abel Board Member of Mid Penn Bancorp, Inc. Principal and Shareholder Brown Schultz Sheridan & Fritz Kimberl
Slide 5: Board Members
Annual Meeting of Shareholders May 11, 2021 Brian A. Hudson, Sr. Board Member of Mid Penn Bancorp, Inc. Former Executive Director & CEO, Pennsylvania Housing Finance Agency Donald F. Kiefer Board Member of Mid Penn Bancorp, Inc. Former President & CEO, The Scottdale Bank & Trust Company Theodore W.
Slide 6: Board Members
Annual Meeting of Shareholders May 11, 2021 John E. Noone Board Member of Mid Penn Bancorp, Inc. President, Shamrock Investments, LLC Noble C. Quandel, Jr. Board Member of Mid Penn Bancorp, Inc. Chairman and CEO, Quandel Enterprises, Inc. David E. Sparks Board Member of Mid Penn Bancorp, Inc. Former
Slide 7: Formal Business of the Meeting
Robert C. Grubic Chairman of Mid Penn Bancorp, Inc. and Mid Penn Bank Annual Meeting of Shareholders May 11, 2021 Formal Business of The Meeting
Slide 8: Election of Four Class B Directors
The first item of business to be acted upon by shareholders at this Meeting is the election of four Class B Directors to serve for a three (3) year term and/or until their successor is elected and qualified. The Nominees for election are: Kimberly J. Brumbaugh Gregory M. Kerwin Rory G. Ritrievi Davi
Slide 9: Advisory Vote on Executive Compensation
The second item to be acted upon by shareholders at this Meeting is to approve a Non-Binding Advisory Vote on Executive Compensation. The Board of Directors unanimously recommends a vote “for” approval of the executive compensation, as described in the Compensation Discussion and Analysis and the ta
Slide 10: Ratification of Independent Registered Public Accounting Firm
The third item to be acted upon by shareholders at this Meeting is a proposal to ratify the appointment of RSM US LLP as the Corporation’s Independent Registered Public Accounting Firm for the year ending December 31, 2021. Although this ratification is not required by the Corporation’s By-laws or o
Slide 11: Management Presentation
Annual Meeting of Shareholders May 11, 2021 Management Presentation Rory G. Ritrievi President & CEO Mid Penn Bancorp, Inc. and Mid Penn Bank
Slide 12: Forward-Looking Statements
This presentation and management’s related discussion on Mid Penn Bancorp, Inc. (“Mid Penn”) may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and include expressions about management
Slide 13: Forward-Looking Statements (cont.)
Factors that may cause actual results to differ materially from such forward-looking statements include, but are not limited to: (cont.) the continued availability of financing; the availability of financial resources in the amounts, at the times, and on the terms required to support Mid Penn and Mi
Slide 14: Non-GAAP Financial Measures
This presentation or related management discussion may contain financial information or measures determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). For tangible book value, the most directly comparable financial measure calculated in accordanc
Slide 15: Mid Penn Bank Overview
Annual Meeting of Shareholders May 11, 2021 $3.4 Billion $2.6 Billion Assets Loans Deposits $2.7 Billion Our banking subsidiary, Mid Penn Bank (established 1868) is a state-chartered non-member bank and trust company, headquartered in Millersburg, PA, with a Pennsylvania market base strategically in
Slide 16: Franchise Profile
Annual Meeting of Shareholders May 11, 2021 Mid Penn Bancorp, Inc. Mid Penn Bank MPB Financial Services Consumer Banking Commercial Banking Trust and Wealth Management Services Retail Brokerage Private Banking Residential Lending MPB Wealth Franchise Profile as of March 31, 2021 MPB Risk MPB Managem
Slide 17: Highlights of the 2020 Year
Annual Meeting of Shareholders May 11, 2021 Highlights of the 2020 Year Mid Penn Bancorp, Inc. Organic loan growth (excluding PPP and mortgages held for sale) of over 13%. Originated over 4,100 of PPP loans totaling @ $630 million of gross principal. Deposit growth of 29%, with noninterest-bearing d
Slide 18: First Quarter 2021 Results and Recent Developments
Annual Meeting of Shareholders May 11, 2021 First Quarter 2021 Results and Recent Developments Mid Penn Bancorp, Inc. Organic loan growth (excluding PPP and mortgages held for sale) of $60.5 million, representing an annualized growth rate of over 12%, for the first quarter of 2021. Originated over 2
Slide 19: Demonstrated Ability to Drive Balance Sheet Growth
Annual Meeting of Shareholders May 11, 2021 Demonstrated Ability to Drive Balance Sheet Growth Total Loans * ($ in millions) Total Assets ($ in millions) +32% CAGR Core Loans ** ($ in millions) Total Deposits ($ in millions) * Total Loans represents gross loans excluding mortgage loans held for sale
Slide 20: Asset Quality Strength
Annual Meeting of Shareholders May 11, 2021 Reserves to NPLs * NPAs as a % of Assets * Net Charge- Offs to Avg. Loans * * PA Banks $1-$5B Assets peer group includes CCNE, PFIS, ORRF, ACNB, CZNC, CVLY, CZFS, ESSA, NWFL, PWOD, MRBK, FDBC, SOME, FRAF, FNCB, ENBP, EMYB, QNBC, CBFV, RIVE, ASRV, FSMK, MLV
Slide 21: PPP Loans and Fees – Total PPP Loan Activity
Annual Meeting of Shareholders May 11, 2021 Paycheck Protection Program (PPP) Loans and Fees Mid Penn Bancorp, Inc. – Total PPP Loan Activity Combining both its 2020 and 2021 PPP loan efforts through May 2021, Mid Penn Bank has funded 7,452 PPP loans with gross loan proceeds totaling over $1.0 billi
Slide 22: Focus on Technology
Annual Meeting of Shareholders May 11, 2021 Customer Experience Employee Efficiency Data Security SAFEGUARDING CUSTOMER INFORMATION Deployment of critical cloud-based systems including nCino, Salesforce CRM, and Encompass Introduction of Robotic Process Automation In-branch cash recyclers Enhancemen
Slide 23: Increasing Profitability, Stable Margins, and Improving Efficiency
Annual Meeting of Shareholders May 11, 2021 Increasing Profitability, Stable Margins, and Improving Efficiency Return on Average Assets * Net Interest Margin * Return on Average Equity * Efficiency Ratio * * Q1 2021 represents annualized financial metrics; PA Banks $1-$5B Assets peer group includes
Slide 24: Earnings Per Share and Dividends
Annual Meeting of Shareholders May 11, 2021 Cash Dividends Per Share Paid Earnings Per Share (Diluted) EPS: The earnings per share for 2020 represents a record high for Mid Penn since becoming a public company in 1991. Upcoming Dividend: On April 28, 2021, the Board of Directors of Mid Penn Bancorp,
Slide 25: Increasing Shareholder Value: Tangible Book Value
Annual Meeting of Shareholders May 11, 2021 Mid Penn’s Tangible Book Value Per Common share at March 31, 2021 was $23.42 reflecting an increase of 4.6% since year-end 2020. For the year ended Dec. 31, 2020, the tangible book value per common share increased 12.2%. Tangible Book Value Per Common Shar
Slide 26: Five-Year Return to Shareholders
Annual Meeting of Shareholders May 11, 2021 5-Year Return: $100 invested in Mid Penn Bancorp, Inc. stock (NASDAQ: MPB) as of Dec. 31, 2015, and held for five years through Dec. 31, 2020, returned a cumulative 57.97%. Comparatively, a custom peer group* of Mid-Atlantic commercial banks with assets be
Slide 27: Strategic Initiatives Going Forward
Annual Meeting of Shareholders – MAY 11,2021 Strategic Initiatives Going Forward
Slide 28: Thank You for Attending
Annual Meeting of Shareholders May 11, 2021 Thank You for Attending and For Your Investment in Mid Penn Bancorp, Inc.
Slide 29: Appendix – Reconciliation of Non-GAAP Measures
Appendix – Reconciliation of Non-GAAP Measures Annual Meeting of Shareholders May 11, 2021