Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Merger or Acquisition (September 2025)
20 slides from Mid Penn Bancorp's merger presentation, Sep 24, 2025
Slide 1: Acquisition of 1st Colonial Bancorp, Inc.
09 September 24, 2025 Acquisition of 1st Colonial Bancorp, Inc. Exhibit 99.2
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed business combination transaction between Mid Penn Bancorp,
Slide 3: Additional Information and Where to Find It
ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the Transaction, Mid Penn will file with the SEC a Registration Statement on Form S-4 to register the shares of Mid Penn common stock to be issued in connection with the Transaction that will include a proxy statement of 1st Colonial and
Slide 4: 1st Colonial Bancorp, Inc. Transaction Rationale
1st Colonial Bancorp, Inc. Transaction Rationale Use bottom bar for sizing 12.12 Attractive transaction impacts(1): ~14% EPS Accretion, ~6% TBV Dilution and ~24% IRR Adds strong community relationships, stable low-cost core deposits and high-quality local commercial and residential loans Scalable mu
Slide 5: Overview of 1st Colonial Bancorp, Inc. (OTCPK: FCOB)
Overview of 1st Colonial Bancorp, Inc. (OTCPK: FCOB) Source: S&P Global Market Intelligence and company filings Includes MPB branches in Southeast PA and Central NJ; Southeast PA includes the counties of Bucks, Philadelphia, Berks, Montgomery, Lehigh, and Chester, PA; Central NJ includes the countie
Slide 6: Low-Cost Deposit Base Positioned in Attractive Markets
Low-Cost Deposit Base Positioned in Attractive Markets Source: S&P Global Market Intelligence; FDIC. Note: FDIC deposit data as of 6/30/2025. (1) Data per company-provided deposit tape as of 6/30/2025. (2) Beta period over 2021Q1-2025Q2. (3) Data per call report maturity/repricing schedule as of 6/3
Slide 7: Pro Forma Loan & Deposit Composition
Pro Forma Loan & Deposit Composition Source: S&P Global Market Intelligence. Note: Totals may not sum due to rounding; MPB Loan and deposit data based upon 6/30/2025 GAAP filings; FCOB Loan and deposit data based upon 6/30/2025 bank regulatory filings; FCOB MRQ yield on loans and cost of deposits pe
Slide 8: Transaction Terms & Financial Impact
Transaction Terms & Financial Impact Based on MPB’s closing share price of $30.31 as of 9/23/2025 Use bottom bar for sizing 12.12 Transaction Structure & Terms Management & Board of Directors Representation Timing and Approvals Mid Penn will acquire 100% of 1st Colonial’s outstanding common stock FC
Slide 9: Key Transaction Assumptions
Key Transaction Assumptions Use bottom bar for sizing 12.12 Fully phased-in cost savings equal to 40% of FCOB’s noninterest expense base, phased in 80% in 2026 One-Time Charges: ~$12 million pre-tax / ~$9.6 million after-tax (fully reflected in pro forma TBV per share) Gross credit mark of $7.9 mill
Slide 10: Highly Attractive Transaction Economics
Highly Attractive Transaction Economics Source: Company Documents; S&P Global Market Intelligence. (1) IRR calculation assumes a 10.0x terminal P/E multiple and 8.5% minimum TCE / TA. (2) Crossover method. (3) Static method calculation. Represents the per share amount of TBV per share dilution exclu
Slide 11: Thorough Diligence Effort Utilizing MPB's Extensive M&A Track Record
Thorough Diligence Effort Utilizing MPB’s Extensive M&A Track Record Source: S&P Global Market Intelligence. Note: Transaction data as of deal announce date. ‘26 ‘14 ‘15 ‘16 ‘17 ‘18 ‘19 ‘20 ‘21 ‘22 ‘23 ‘24 ‘25 8/27/2014 Assets: $141M 1/16/2018 Assets: $612M 3/9/2017 Assets: $263M 12/20/2022 Assets:
Slide 12: MPB Demonstrated Success In Growth Markets
Source: S&P Global Market Intelligence, FDIC. Note FDIC deposit data as of 6/30/2025. Note: Transaction data as of deal announcement date. (1) More than 50% of assets acquired from First Priority were outside Southeast Pennsylvania and Central New Jersey. (2) Includes impact of cost savings and merg
Slide 13: 10 Year Lookback: Top Community Banks in the Philadelphia MSA
Source: S&P Global Market Intelligence, FDIC. Note: Asset data as of 6/30/2025; FDIC bank and thrift deposit data as of 6/30/2025; Business data per S&P Global NAICS Business Listing Summary (1) Last reported assets between $1-$20 billion and with deposits in the Philadelphia MSA since 2014; Last av
Slide 14: Continues MPB's Transformation into a Leading Regional Bank
Continues MPB’s Transformation into a Leading Regional Bank Source: S&P Global Market Intelligence; FactSet. Note: Market data as of 9/23/2025. (1) Estimated for full year 2027 Use bottom bar for sizing 12.12 Best-in-Class Shareholder Value Creation Transformation of MPB into a Leading Regional Bank
Slide 15: Appendix
LVVI MID PENN BANCORP. Ill. Appendix
Slide 16: 2Q25 Financial Highlights
Source: S&P Global Market Intelligence, Company Documents. Note: Financial information as of or for the quarter ended June 30, 2025. (1) Annualized financial metric. (2) Non-GAAP financial metric. Please see pages 18 and 19 for GAAP to non-GAAP reconciliation. (3) Excludes HFS loans. (4) Inclusive o
Slide 17: Demonstrated Track Record of Organic and Acquisitive Growth
Demonstrated Track Record of Organic and Acquisitive Growth Note: Assumes historical assets acquired are equal to the total assets as last reported by target company prior to transaction close (excludes any purchase accounting adjustments) +$0.1 +$0.8 +$0.9 +$0.4 +$1.2 +$0.6 +$0.3 22% Total Asset CA
Slide 18: Non-GAAP Reconciliation
Non-GAAP Reconciliation Source: S&P Global Market Intelligence, Company Filings.
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation Source: S&P Global Market Intelligence, Company Filings. ($000s)
Slide 20: Pro Forma Tangible Book Value Dilution and Goodwill Reconciliation
Pro Forma Tangible Book Value Dilution and Goodwill Reconciliation Note: Estimated financial impact is presented for illustrative purposes only. Pro Forma data is subject to various assumptions and uncertainties. See disclaimer "Combined Franchise Forward-Looking Data.” Use bottom bar for sizing 12.
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