article thumbnail

Mid Penn Bancorp, Inc. Reports First Quarter Earnings and Declares Dividend

Benzinga

NASDAQ: MPB ) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2023 of $11.2 million in dividends during the first quarter of 2023. HARRISBURG, Pa.,

article thumbnail

Skadden on Revisiting Share Repurchases in Volatile Times

Reynolds Holding

Structured as bilateral negotiated agreements entered into by companies with bank counterparties, ASRs are documented using the International Swaps and Derivatives Association (ISDA) architecture, including the 2002 ISDA Equity Derivative Definitions. Why should a company repurchase its shares? Structure Overview.

Banking 45