Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Investor Presentation (August 2018)
17 slides from Mid Penn Bancorp's investor presentation, Aug 14, 2018
Slide 1: Investor Presentation August 14, 2018
Investor Presentation August 14, 2018 Exhibit 99.1
Slide 2: Presenters: Rory G. Ritrievi and Michael D. Peduzzi
Rory G. Ritrievi President & CEO Michael D. Peduzzi, CPA Executive Vice President & Chief Financial Officer
Slide 3: Cautionary Notice Regarding Forward-Looking Statements
This presentation and management’s related discussion 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's confidence and strategies and manage
Slide 4: Cautionary Notice Regarding Forward-Looking Statements (Cont.)
(Cont.) rapid technological developments and changes; the ability to continue to introduce competitive new products and services on a timely, cost-effective basis; the mix of products/services; containing costs and expenses; governmental and public policy changes; protection and validity of intellec
Slide 5: Non-GAAP financial measures notice
This presentation contains financial information 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 accordance with GAAP is our book value. We believe that t
Slide 6: Profile of Mid Penn Bancorp
Profile of Mid Penn Bancorp Mid Penn Bancorp, Inc., (Mid Penn) headquartered in Millersburg, PA, has been serving Pennsylvania communities since 1868 with 37 retail offices across Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and West
Slide 7: Industry Recognition
In 2017, Mid Penn Bank was named one of the “Top 200 Community Banks” for 5 consecutive years, and… We were honored to be recognized as one of the “Best Banks to Work For” by American Banker. Recipient of the “Grow Your Community Award” from the Pennsylvania Association of Community Bankers (4 conse
Slide 8: Increasing Shareholder Value
5-Year Return: $100 invested in MPB Stock as of Dec. 31, 2012 and held for the full five years through Dec. 31, 2017 returned over 240% Increasing Shareholder Value 2017 Total Return was 42%
Slide 9: Dividends and Shareholder Return
Total Return to Shareholders in 2017 was $9.89 or 42% per common share. Common stock price appreciation of $9.27 per share (from a closing price of $23.83 on Dec. 31, 2016, to a closing price of $33.10 on Dec. 31, 2017) Cash dividends paid of $0.62 per common share in 2017 Dividends and Shareholder
Slide 10: Increasing Shareholder Value
Increasing Shareholder Value Includes the impact of both Q1 earnings and the Scottdale acquisition. (a) (a) (b) (b) 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 t
Slide 11: Earnings Results
Earnings Results Excludes the after-tax impact of merger-related expenses for the six months ended June 30, 2018 and 2017, of $1,916M and $224M, respectively. *
Slide 12: Consistent Growth
Total loans increased by $95 million or nearly 12% during 2017, and the compound annual growth rate (CAGR) of loans from 2015 to 2017 was 11%. Total deposits increased by $89 million or over 9% during 2017, and the CAGR of deposits from 2015 to 2017 was 15%. Consistent Growth (Dollars in thousands,
Slide 13: Margin, Yields, and Efficiency
Margin, Yields, and Efficiency Calculated as noninterest expenses, excluding CDI amortization and non-recurring expenses (merger-related and REO losses), as a percentage of tax equivalent income excluding security gains *
Slide 14: Franchise Expansion: Scottdale Bank & Trust
On January 8, 2018, Mid Penn announced the successful completion of the legal acquisition of The Scottdale Bank & Trust Company. Mid Penn acquired $70,752,000 in loans, $114,039,000 of investments, and assumed $209,981,000 of deposits from Scottdale. Mid Penn also recorded goodwill of $19,189,000 an
Slide 15: Acquisition of First Priority Financial Corp.
On July 31, 2018, Mid Penn completed its acquisition of First Priority Financial Corp. (“First Priority”), through the merger of First Priority with and into Mid Penn pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of January 16, 2018, among Mid P
Slide 16: Appendix: Reconciliation of GAAP to Non-GAAP Measures
Appendix: Reconciliation of GAAP to Non-GAAP Measures
Slide 17: Appendix: Reconciliation of GAAP to Non-GAAP Measures (Cont.)
Appendix: Reconciliation of GAAP to Non-GAAP Measures (Cont.)
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