Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Piper Sandler East Coast Financial Services Conference 2020
16 slides from Mid Penn Bancorp's conference presentation, Nov 9, 2020
Slide 1: Piper Sandler East Coast Financial Services Conference
Piper Sandler East Coast Financial Services Conference November 9, 2020 - Virtual Exhibit 99.1
Slide 2: Investor Presentation
Investor Presentation November 9, 2020 Rory G. Ritrievi President & CEO Michael D. Peduzzi Sr. Executive Vice President Chief Financial Officer Justin T. Webb Sr. Executive Vice President Chief Operating Officer Scott W. Micklewright Sr. Executive Vice President Chief Revenue Officer
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: Forward-Looking Statements (continued)
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 5: 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 6: Five-Year Comparative Profile of Mid Penn
Five-Year Comparative Profile of Mid Penn As of December 31, 2014 (000s): Total Assets: $ 755,657 Total Loans: $ 571,533 Total Deposits: $ 637,922 The Company employed 200 personnel with 19 retail offices in six Pennsylvania counties (Cumberland, Dauphin, Lancaster, Luzerne, Northumberland, Schuylki
Slide 7: YTD Growth Through Sept. 30, 2020
YTD Growth Through Sept. 30, 2020 A significant source contributing to the increase in year over year growth was the issuance of Paycheck Protection Program (PPP) loans during the first nine months 2020. As of Sept. 30, 2020, Mid Penn had $613 million of PPP loans outstanding after funding these spe
Slide 8: Consistent Loan and Deposit Growth
Consistent Loan and Deposit Growth During the first nine months of 2020, year-to-date organic loan growth was a strong $145 million or over 10% annualized. Total deposits increased by $544 million or almost 38% annualized during the first nine months of 2020, with $225 million of the growth being in
Slide 9: Asset Quality
Asset Quality As of Sept. 30, 2020, Mid Penn’s asset quality measures did not reflect any notable impaired assets, specific reserve allocations, or charge-offs related to the financial impact of the COVID-19 pandemic, through management is continuously and closely monitoring and evaluating the impac
Slide 10: Five-Year Return to Shareholders
Five-Year Return to Shareholders 5-Year Return: $100 invested in Mid Penn Bancorp, Inc. stock (NASDAQ: MPB) as of Dec. 31, 2014, and held for five years through Dec. 31, 2019, returned 113.00%. Comparatively, stocks in the Russell 3000 Index averaged a lower return of 70.35% for the five-year period
Slide 11: Increasing Shareholder Value
Increasing Shareholder Value (a) Tangible Book Value per Common Share is a Non-GAAP measure as it excludes goodwill, core deposit intangible, and other intangible assets. See the reconciliation of GAAP to non-GAAP measures in the Appendix to this presentation Tangible Book Value Per Common Share Mid
Slide 12: Increasing Dividends
Increasing Dividends Cash dividends paid per share have increased consistently in recent years as follows (annual totals reflect both regular and special dividends paid during each calendar year): 2015: $0.44 for the year 2016: $0.58 for the year 2017: $0.62 for the year 2018: $0.70 for the year 201
Slide 13: Earnings Results
Earnings Results Earnings per share basic and diluted (EPS) for the nine months ended Sept. 30, 2020 was $2.04, compared to EPS of $1.57 for the nine months ended Sept. 30, 2019, reflecting an increase of 29 percent. EPS for the third quarter of 2020 was $0.78, compared to $0.57 for the third quarte
Slide 14: Summary of YTD Sept. 30, 2020 Results
Investor Presentation November 9, 2020 Summary of YTD Sept. 30, 2020 Results
Slide 15: Net Interest Margin
Mid Penn’s tax-equivalent net interest margin for the nine months ended Sept. 30, 2020 was 3.29 percent. Yields on interest- earning assets declined due to both (i) the significant balance of 1 percent PPP loans outstanding, and (ii) reductions in market interest rates subsequent to September 2019,
Slide 16: Appendix – Reconciliation of Non-GAAP Measures
Appendix – Reconciliation of Non-GAAP Measures Investor Presentation November 9, 2020
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