Mid Penn Bancorp's (MPB) earnings are expected to increase by 1.3% year over year in 2020 on the back of loan growth. On the other hand, a compression in net interest margin and slight rise in non-interest expense is expected to constrain earnings growth.
Loan Growth to Remain Somewhat Resilient
MPB is based in Pennsylvania, whose economic outlook is quite bleak. The Federal Reserve Bank of Philadelphia's (Philly Fed) latest release of the leading index for the state of Pennsylvania suggests contraction in the state’s economy through the first quarter of 2020. Philly