Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Shareholder Meeting (May 2022)
26 slides from Mid Penn Bancorp's shareholder meeting presentation, May 10, 2022
Slide 1: Exhibit 99.1 Cover
DRAFT 04.07.2021 Exhibit 99.1
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements This presentation and management’s related discussion regarding Mid Penn Bancorp, Inc. (“Mid Penn”) contains estimates, predictions, opinions, projections and other “forward-looking statements” as that phrase is defined in the Private Securities
Slide 3: Introduction of Board Members
Source: Company Documents. Introduction of Board Members Rory G. Ritrievi Chair, President & CEO Mid Penn Bancorp, Inc. and Mid Penn Bank
Slide 4: Board Members
John E. Noone tend independent Board Member of ‘Mid Penn Bancorp, Inc. President, ‘Shamrock Investments, LLC Kimberly J. Brumbaugh joard Member of Mid Penn Bancorp, Ine. Founder & Managing Partner, Brumbengh Wealth Mamagement LLC Annual Meeting of Shareholders May 10, 2022 Baaagd MID PENN BANCORP. R
Slide 5: Board Members
Baaagd MID PENN BANCORP. Maureen M. Gathagan Howard R. Greenawalt id enn Bancorp, In Board Member of Bs Tac. Mid Penn Bancorp, Inc. Founding Partner of Bittersweet Management, LLC, and a Member of Gathagan Investment Co, LP. Former Owner and officer of Greenawalt & Company, PC. Robert C. Grubic Bria
Slide 6: Board Members
ZIVD MID PENN BANCORP. Gregory M. Kerwin Donald F. Kiefer Board Member of Board Member of Mid Penn Bancorp, Ine. Mid Penn Bancorp, Inc. Senior Partner, Former Chairman, President & CEO, Kerwin & Kerwin, LLP ‘The Scottdale Bank & Trust Company Theodore W. Mowery Noble C. Quandel, Jr. Board Member of
Slide 7: Board Members
ZIVD MID PENN BANCORP. David E. Sparks William A. Specht, III card Member of Board Member of ‘Mia Penn Bancorp, Ine q Mid Penn Bancorp Ine Chairman & CEO, Seal Glove Manufacturing, Inc, \d Ark Safety First Priority Bank Annual Meeting of Shareholders May 10, 2022
Slide 8: Formal Business of the Meeting
Source: Company Documents. Rory G. Ritrievi Chair, President & CEO Mid Penn Bancorp, Inc. and Mid Penn Bank Formal Business of the Meeting
Slide 9: Formal Business: Election of Class C Directors
Formal Business of the Meeting The first item of business to be acted upon by shareholders at this Meeting is the election of four Class C Directors to serve for a three (3) year term or until the earlier of their resignation or their respective successors shall have been elected and qualified: Robe
Slide 10: Formal Business: Advisory Vote on Executive Compensation
Formal Business of the Meeting 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 compensation of the Corporation’s named executive officers,
Slide 11: Formal Business: Ratification of Independent Accounting Firm
Formal Business of the Meeting 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, 2022. Although this ratification is not required by
Slide 12: Management Presentation
Source: Company Documents. Rory G. Ritrievi Chair, President & CEO Mid Penn Bancorp, Inc. and Mid Penn Bank Management Presentation
Slide 13: Experienced Management Team
Experienced Management Team Source: Company Documents.
Slide 14: Highlights from 2021
Highlights from 2021 Source: Company Documents. $475MM Organic Deposit Growth 49% Total Shareholder Return (including dividends and stock appreciation) $75MM Completed a public offering of 2.9 million shares of common stock with proceeds totaling $75 million before underwriting discounts and offerin
Slide 15: Franchise Profile as of March 31, 2022
Franchise Profile as of March 31, 2022 Source: S&P Global Market Intelligence. Note: Financial information as of March 31, 2022. (1) Quarter-over-quarter annualized. Organic core loan growth (ex. PPP) just under 13% in 2022Q1(1) Organic core deposit growth (ex. time deposits) at 7% in 2022Q1(1) Succ
Slide 16: Franchise Profile: Business Lines
Franchise Profile as of March 31, 2022 Source: Company Documents. * MPB Management is a future potential business line currently in planning stages. Mid Penn Bancorp, Inc. Mid Penn Bank Consumer Banking Commercial Banking Trust and Wealth Management Services Retail Brokerage Private Banking Resident
Slide 17: Well-Positioned in a Challenging Environment
Well-Positioned in a Challenging Environment AFS Securities / Total Assets Q/Q TBV Growth Source: S&P Global Market Intelligence, Company Documents. Note: Financial data as of 2022 Q1 unless otherwise stated. MRQ = Most recent quarter. LTM = Last twelve months. (1) Includes nationwide major exchange
Slide 18: Long History of Enhancing Shareholder Value
Long History of Enhancing Shareholder Value Compound Tangible Book Value per Share + Dividends (Non-GAAP) Growth Source: S&P Global Market Intelligence. Note: National Peers include 142 nationwide banks with between $1-5B of Total Assets as of March 31, 2022. Revenue per Common Share Growth Total As
Slide 19: Five-Year Return to Shareholders
Five-Year Return to Shareholders Total Return Performance Source: S&P Global Market Intelligence. Note: Market data as of 5/2/2022. (1) Proxy peers are a custom Mid-Atlantic peer group disclosed in the 2021 MPB 10-K; includes: ACNB, BCBP, BLFY, CBNK, CHMG, CZNC, CZFS, CVLY, EVBN, FDBC, FRBA, GCBC, N
Slide 20: Focus on Technology
Deployment of critical cloud-based systems including nCino, Salesforce CRM, and Encompass Introduction of Robotic Process Automation In-branch cash recyclers Enhancements to video conferencing and remote learning capabilities Completely virtualized operating environment A.I.-based anomaly detection
Slide 21: Strategic Initiatives Going Forward
Strategic Initiatives Going Forward Source: Company Documents.
Slide 22: Thank You For Attending And For Your Investment
DRAFT 04.07.2021 Thank You For Attending And For Your Investment In Mid Penn Bancorp, Inc.
Slide 23: Appendix
Appendix
Slide 24: Earnings Per Share and Dividends
Earnings Per Share and Dividends Source: S&P Global Market Intelligence, Company Documents. (1) Q1’22 data annualized. Earnings Per Share (Diluted) Cash Dividends Per Share Paid Upcoming Dividend: On April 27, 2022, the Board of Directors of Mid Penn Bancorp, Inc. announced the declaration of a divi
Slide 25: Non-GAAP Reconciliation
Non-GAAP Reconciliation Source: S&P Global Market Intelligence, Company Filings.
Slide 26: Non-GAAP Reconciliation
Non-GAAP Reconciliation Source: S&P Global Market Intelligence, Company Filings.