Mid Penn Bancorp Management
Management criteria checks 3/4
Mid Penn Bancorp's CEO is Rory Ritrievi, appointed in Feb 2009, has a tenure of 15.83 years. total yearly compensation is $1.70M, comprised of 39.9% salary and 60.1% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth $2.40M. The average tenure of the management team and the board of directors is 4.8 years and 9.1 years respectively.
Key information
Rory Ritrievi
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 39.9% |
| CEO tenure | 15.8yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.8yrs |
| Board average tenure | 9.1yrs |
Recent management updates
Recent updates
Mid Penn Bancorp And William Penn Are Tying The Knot
Nov 12Mid Penn Bancorp (NASDAQ:MPB) Is Paying Out A Dividend Of $0.20
Nov 01
Mid Penn Bancorp, Inc. (NASDAQ:MPB) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Oct 27Mid Penn Bancorp (NASDAQ:MPB) Will Pay A Dividend Of $0.20
Jan 29Mid Penn Bancorp (NASDAQ:MPB) Is Paying Out A Dividend Of $0.20
Aug 01Here's Why We Think Mid Penn Bancorp (NASDAQ:MPB) Might Deserve Your Attention Today
May 03Mid Penn Bancorp (NASDAQ:MPB) Has Affirmed Its Dividend Of $0.20
Jan 29Mid Penn Bancorp (NASDAQ:MPB) Will Pay A Dividend Of $0.20
Jul 31Mid Penn Bancorp declares $0.20 dividend
Jul 27Mid Penn Bancorp (NASDAQ:MPB) Will Pay A Dividend Of US$0.20
May 01Mid Penn Bancorp: Top Line Outlook Remains Rosy Thanks To Economic Factors
Apr 03Mid Penn Bancorp, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Feb 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$48m |
| Jun 30 2024 | n/a | n/a | US$45m |
| Mar 31 2024 | n/a | n/a | US$38m |
| Dec 31 2023 | US$2m | US$680k | US$37m |
| Sep 30 2023 | n/a | n/a | US$41m |
| Jun 30 2023 | n/a | n/a | US$47m |
| Mar 31 2023 | n/a | n/a | US$55m |
| Dec 31 2022 | US$1m | US$604k | US$55m |
| Sep 30 2022 | n/a | n/a | US$40m |
| Jun 30 2022 | n/a | n/a | US$34m |
| Mar 31 2022 | n/a | n/a | US$31m |
| Dec 31 2021 | US$1m | US$523k | US$29m |
| Sep 30 2021 | n/a | n/a | US$38m |
| Jun 30 2021 | n/a | n/a | US$34m |
| Mar 31 2021 | n/a | n/a | US$32m |
| Dec 31 2020 | US$1m | US$500k | US$26m |
| Sep 30 2020 | n/a | n/a | US$22m |
| Jun 30 2020 | n/a | n/a | US$20m |
| Mar 31 2020 | n/a | n/a | US$17m |
| Dec 31 2019 | US$790k | US$488k | US$18m |
| Sep 30 2019 | n/a | n/a | US$18m |
| Jun 30 2019 | n/a | n/a | US$15m |
| Mar 31 2019 | n/a | n/a | US$14m |
| Dec 31 2018 | US$665k | US$450k | US$10m |
| Sep 30 2018 | n/a | n/a | US$6m |
| Jun 30 2018 | n/a | n/a | US$7m |
| Mar 31 2018 | n/a | n/a | US$6m |
| Dec 31 2017 | US$501k | US$374k | US$7m |
Compensation vs Market: Rory's total compensation ($USD1.70M) is about average for companies of similar size in the US market ($USD2.16M).
Compensation vs Earnings: Rory's compensation has increased by more than 20% in the past year.
CEO
Rory Ritrievi (60 yo)
15.8yrs
Tenure
US$1,702,023
Compensation
Mr. Rory G. Ritrievi serves as Chairman at Mid Penn Bancorp, Inc. and Mid Penn Bank since July 2021. He has been the Chief Executive Officer and President of Mid Penn BanCorp Inc. since joining on February...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.8yrs | US$1.70m | 0.42% $ 2.4m | |
| Chief Financial Officer | less than a year | US$650.89k | 0.10% $ 591.4k | |
| Executive VP and Director of Trust & Wealth Management of Mid Penn Bank | 8.7yrs | US$527.87k | 0.047% $ 267.7k | |
| Chief Operating Officer | less than a year | no data | 0.040% $ 230.4k | |
| Senior VP & Chief Administrative Officer | no data | no data | no data | |
| First SVP & Chief Risk Officer | no data | no data | 0.011% $ 61.5k | |
| Senior EVP | no data | no data | 0.030% $ 173.8k | |
| Corporate Secretary | no data | no data | no data |
4.8yrs
Average Tenure
55yo
Average Age
Experienced Management: MPB's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 15.8yrs | US$1.70m | 0.42% $ 2.4m | |
| Lead Independent Director | 12.3yrs | US$132.30k | 0.34% $ 2.0m | |
| Independent Director | 21yrs | US$102.51k | 0.31% $ 1.8m | |
| Independent Director | 18.9yrs | US$107.16k | 0.26% $ 1.5m | |
| Independent Director | 16.9yrs | US$101.41k | 0.017% $ 99.4k | |
| Independent Director | 3.9yrs | US$107.58k | 0.038% $ 216.5k | |
| Independent Director | 1.6yrs | US$58.79k | 0.045% $ 256.6k | |
| Independent Director | 13.9yrs | US$107.33k | 0.17% $ 988.6k | |
| Independent Director | 1.6yrs | US$52.79k | 0.19% $ 1.1m | |
| Independent Director | 1.8yrs | US$85.84k | 0.20% $ 1.1m | |
| Independent Director | 3.1yrs | US$96.05k | 0.058% $ 331.0k | |
| Independent Director | 5.8yrs | US$105.03k | 0.056% $ 317.5k |
9.1yrs
Average Tenure
62yo
Average Age
Experienced Board: MPB's board of directors are considered experienced (9.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 14:07 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Mid Penn Bancorp, Inc. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Russell Elliott Gunther | D.A. Davidson & Co. |
| Christopher McGratty | Keefe, Bruyette, & Woods |
| Timothy Switzer | Keefe, Bruyette, & Woods |