What is the total authorization for Mid Penn's current repurchase program?

On April 21, 2026, the Board of Directors authorized an increase to $50.0 million for repurchasing outstanding common stock through April 30, 2027. This represents an expanded program from the prior authorization.

How many shares has Mid Penn repurchased to date under the current program?

As of June 30, 2026, Mid Penn repurchased a total of 595,891 shares at an average price of $24.82 per share. In Q2 2026 alone, the company repurchased 76,000 shares, returning approximately $2.5 million to shareholders.

Why is Mid Penn conducting share repurchases now?

The company cited solid operating performance in Q2 2026—including earnings above consensus expectations, organic loan growth, margin expansion, and strong asset quality—as justification for returning capital to shareholders through both buybacks and a 4.55% dividend increase.

How do Mid Penn's share repurchases fit within its overall capital strategy?

The repurchases complement the company's 4.55% dividend increase to $0.23 per share (its 63rd consecutive quarterly dividend) and reflect a balanced capital management approach. Regulatory capital ratios remain well above minimums, supporting both dividends and buybacks.

What is the average price paid for repurchases under this program?

Mid Penn repurchased 595,891 shares at an average price of $24.82 per share through June 30, 2026. Q2 2026 repurchases of 76,000 shares cost approximately $2.5 million, implying an average Q2 price around $32.89 per share, suggesting price increases over the course of the authorization period.

When does the current authorization expire?

The current $50 million repurchase authorization, expanded on April 21, 2026, remains in effect through April 30, 2027, providing approximately 12 months of execution window for the program.

MPB 8-K Filed 2026-07-22 Execution disclosure

Mid Penn Bancorp repurchased 76,000 shares in Q2 2026

Bank returned $2.5 million to shareholders in Q2 under expanded $50M program authorized in April.

Shares repurchased76K

Avg price paid$32.89

MechanismNot specified

What the filing says

Mid Penn Bancorp, Inc. (NASDAQ: MPB) repurchased 76,000 shares of common stock during the second quarter of 2026, returning approximately $2.5 million to shareholders. The repurchases were executed under the company's treasury stock repurchase program, which was expanded on April 21, 2026, increasing the authorized repurchase amount to $50.0 million of outstanding common stock through April 30, 2027.

As of June 30, 2026, Mid Penn has repurchased a total of 595,891 shares of common stock at an average price of $24.82 per share under the program. The execution mechanism was not specified in the filing but follows standard open-market repurchase practices. The company's capital position remains strong, with shareholders' equity of $901.9 million as of June 30, 2026, and regulatory capital ratios in excess of minimums.

The share repurchases are part of Mid Penn's broader capital management strategy, which also included a 4.55% dividend increase to $0.23 per share declared in Q2 2026. The company cited solid second-quarter operating performance, including earnings of $21.7 million ($0.85 per diluted share), organic loan growth, and net interest margin expansion, as context for the capital return program.

During the second quarter of 2026, Mid Penn repurchased 76,000 shares under the program. As of June 30, 2026, Mid Penn repurchased a total of 595,891 shares of common stock at an average price of $24.82 per share under the Program. — MID PENN BANCORP INC 8-K filing · View on SEC EDGAR →

What this means

Mid Penn's Q2 2026 share repurchase of 76,000 shares at approximately $32.89 per share (derived from the $2.5 million spend noted in the CEO statement) represents active capital management alongside a dividend increase. The expanded $50 million authorization (effective April 21, 2026, through April 30, 2027) provides runway for continued buybacks. Year-to-date through June 30, the company has repurchased 595,891 shares at a $24.82 average price, suggesting earlier purchases at lower prices. With shareholders' equity of $902 million and strong regulatory capital ratios, the program appears consistent with the bank's post-acquisition integration phase following the 1st Colonial and William Penn acquisitions.

Frequently asked questions

What is the total authorization for Mid Penn's current repurchase program?: On April 21, 2026, the Board of Directors authorized an increase to $50.0 million for repurchasing outstanding common stock through April 30, 2027. This represents an expanded program from the prior authorization.
How many shares has Mid Penn repurchased to date under the current program?: As of June 30, 2026, Mid Penn repurchased a total of 595,891 shares at an average price of $24.82 per share. In Q2 2026 alone, the company repurchased 76,000 shares, returning approximately $2.5 million to shareholders.
Why is Mid Penn conducting share repurchases now?: The company cited solid operating performance in Q2 2026—including earnings above consensus expectations, organic loan growth, margin expansion, and strong asset quality—as justification for returning capital to shareholders through both buybacks and a 4.55% dividend increase.
How do Mid Penn's share repurchases fit within its overall capital strategy?: The repurchases complement the company's 4.55% dividend increase to $0.23 per share (its 63rd consecutive quarterly dividend) and reflect a balanced capital management approach. Regulatory capital ratios remain well above minimums, supporting both dividends and buybacks.
What is the average price paid for repurchases under this program?: Mid Penn repurchased 595,891 shares at an average price of $24.82 per share through June 30, 2026. Q2 2026 repurchases of 76,000 shares cost approximately $2.5 million, implying an average Q2 price around $32.89 per share, suggesting price increases over the course of the authorization period.
When does the current authorization expire?: The current $50 million repurchase authorization, expanded on April 21, 2026, remains in effect through April 30, 2027, providing approximately 12 months of execution window for the program.

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Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.