Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — D.A. Davidson Mid-Atlantic Bank Tour Investor Conference 2019
18 slides from Mid Penn Bancorp's conference presentation, Nov 19, 2019
Slide 1: Investor Presentation: D.A. Davidson Mid-Atlantic Bank Tour Investor Conference
Nasdaq: MPB Investor Presentation D.A. Davidson Mid-Atlantic Bank Tour Investor Conference November 19, 2019 Exhibit 99.1
Slide 2: Presenting Executives
Rory G. Ritrievi President & CEO Michael D. Peduzzi Sr. Executive President & Chief Financial Officer Justin T. Webb Sr. Executive President & Chief Operating Officer Nasdaq: MPB
Slide 3: 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 4: 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 5: Profile of Mid Penn Bancorp, Inc.
As of Sept. 30, 2019 (000s): Total Assets: $ 2,248,899 Total Loans: $ 1,717,549 Total Deposits: $ 1,890,093 The Company employs over 425 personnel and projects annualized revenues of over $77 million for 2019. Mid Penn Bancorp, Inc., headquartered in Millersburg, Pa., has been serving communities in
Slide 6: Experienced Leadership
Executive Position Years at MPB Years in Industry Rory G. Ritrievi President & Chief Executive Officer 10 32 Michael D. Peduzzi, CPA Sr. EVP & Chief Financial Officer 4 20 Justin T. Webb Sr. EVP & Chief Operating Officer 6 13 Scott W. Micklewright Sr. EVP & Chief Revenue Officer 10 13 Joseph L. Paes
Slide 7: Experienced Leadership (Regional Presidents)
Executive Position Years at MPB Years in Industry Heather Hall Market President – Capital and Lancaster Regions 3 20 Joseph Butto Regional President – Berks Region 1 34 Mark Ketch Regional President – Northern Region 3 25 Tara Sheaffer Regional President – Upper Dauphin Region 8 15 Average 4 24 Expe
Slide 8: Increasing Shareholder Value
Increasing Shareholder Value Tangible Book Value per Common Share is a Non-GAAP measure as it excludes goodwill and core deposit intangible. See the reconciliation of GAAP to non-GAAP measures in the Appendix to this presentation Nasdaq: MPB (a)
Slide 9: Increasing Dividends
Increasing Dividends Dividend payouts have increased consistently in recent years as follows: 2015: $0.44 for the year 2016: $0.58 for the year 2017: $0.62 for the year 2018: $0.70 for the year 2019: $0.79 for the year Nasdaq: MPB Dividends paid increased 13% in 2019 compared to 2018, and the increa
Slide 10: Strong Shareholder Returns
Past Five Calendar Years’ Return: $100 invested in Mid Penn Bancorp (symbol: MPB) stock as of Dec. 31, 2013 and held for five years through Dec. 31, 2018 returned over 84%. Strong Shareholder Returns Comparatively, stocks in the Russell 3000 Index averaged a lower 5-year return of 46% through Dec. 3
Slide 11: Earnings Results
Earnings Results The amount shown reflects non-GAAP adjusted earnings for 2017, which excluded the after-tax impact of (i) $619,000 of merger-related expenses, and (ii) a one-time deferred tax asset charge of $1,169,000. Full Year 2017 GAAP net income was $8,857,000. See the reconciliation of GAAP t
Slide 12: Earnings Results (EPS)
Earnings Results 2017 adjusted EPS excludes the after-tax impact of both (i) $619,000 of merger-related expenses, and (ii) a one-time deferred tax asset charge of $1,169,000. Including these charges, 2017 GAAP earnings per share was $1.67. See the reconciliation of GAAP to non-GAAP measures in the A
Slide 13: Franchise Growth
* The CAGR or Compound Annual Growth Rate includes the impact of both organic growth and acquisitions. During 2018, Mid Penn successfully closed and integrated the acquisitions of The Scottdale Bank & Trust Co. (Jan. 2018) and First Priority Financial Corp. (July 2018). Franchise Growth CAGR * of 28
Slide 14: Strong Loan & Deposit Growth
Loan growth for the first nine months of 2019 was $94 million or an 8% annualized growth rate. Total loans increased $715 million during 2018, with organic growth of $172 million or 18%. The additional increase ($543 million) reflects loans acquired from First Priority and Scottdale. Deposit growth
Slide 15: Net Interest Margin
Net Interest Margin Despite the impact of Federal Reserve actions and the inversion of key segments of the yield curve for much of 2019, the Net Interest Margin for the first nine months of 2019 remained reasonably consistent with levels realized in both 2018 and 2017. The yield on loans for the fir
Slide 16: Opportunities
Opportunities Commercial loan portfolio growth and development with a continued emphasis on asset quality and portfolio diversification, and benefiting from both sustained momentum in legacy markets, and new relationships in markets added through recent acquisitions. Maintaining a sound deposit fund
Slide 17: Appendix: Reconciliation of GAAP to Non-GAAP Measures - Tangible Book Value Per Share
Appendix: Reconciliation of GAAP to Non-GAAP Measures Nasdaq: MPB Tangible Book Value Per Share
Slide 18: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures Nasdaq: MPB
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