Mid Penn Bancorp, Inc. Declares Dividend and Reports Increased Second Quarter Earnings
26 Juillet 2007 - 5:27PM
Business Wire
The Board of Directors of Mid Penn Bancorp, Inc. (AMEX:MBP), parent
company of Mid Penn Bank, declared a quarterly cash dividend of 20
cents per share, payable Monday, August 27, 2007, to shareholders
of record Wednesday, August 8, 2007. Mid Penn Bancorp, Inc. also
announced earnings for the second quarter of 2007 of $1,179,000, or
$.34 per share, compared to $1,117,000, or $.32 per share for the
second quarter of 2006, an increase of 6.3%. Net income for the
first half of 2007 amounted to $2,263,000 compared to $2,273,000
earned in the first half of 2006. Earnings per share were $.65 per
share for the first six months of both 2007 and 2006. The return on
equity was 11.6%. Total assets at the end of the second quarter of
2007 were approximately $492 million, versus $457 million the prior
year, an increase of 7.7%. Total loans of $360 million increased by
$36 million or 11.1% at June 30, 2007, compared to the prior year.
Mid Penn Bank has been an independently owned community bank since
1868 and is committed to remaining a progressive, independent
community bank offering a full line of business, personal and trust
services. Mid Penn Bancorp, through its subsidiary, Mid Penn Bank,
operates 14 offices in Dauphin, Northumberland, Schuylkill, and
Cumberland Counties. For more information, visit Mid Penn�s website
at www.midpennbank.com and view the Investor Relations page where
comprehensive information is available concerning the corporation.
Mid Penn Bancorp (AMEX:MBP)
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