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Earnings Per Share | 12 Months Ended
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Dec. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table presents the computation of basic and diluted EPS:
(In thousands, except per share data) |  |  |  |  |
| 2024 |  | 2023 |  | 2022
Net income | $ | 49,437 |  |  | $ | 37,397 |  |  | $ | 54,806 |
Weighted average shares outstanding (basic) | 17,026,240 |  |  | 16,319,006 |  |  | 15,912,877 |
Effect of dilutive unvested restricted stock grants | 44,622 |  |  | 31,957 |  |  | 21,758 |
Weighted average shares outstanding (diluted) | 17,070,862 |  |  | 16,350,963 |  |  | 15,934,635 |
Basic earnings per common share | $ | 2.90 |  |  | $ | 2.29 |  |  | $ | 3.44 |
Diluted earnings per common share | 2.90 |  |  | 2.29 |  |  | 3.44 |
There were no antidilutive shares at December 31, 2024, 2023, and 2022. As previously announced on a Form 8-K on November 4, 2024, Mid Penn completed an underwritten public offering of 2,375,000 shares of common stock at a price of $29.50 per share, with the aggregate gross proceeds of the offering totaling $70 million before underwriting discounts and offering expenses. The net proceeds of the offering after deducting the underwriting discount and other offering expenses were $67 million. Additionally, as previously announced on the Form 8-K on November 4, 2024, Mid Penn pursuant to an option granted to the underwriting sold an additional 356,250 shares of the Company's common stock, in full, at the public offering price less underwriting discounts and commissions, or $28.025 per share. The issuance was completed on November 5, 2024.

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