William Penn’s One-Year Stock Performance Beginning Value 10/29/2023 Ending Value 10/29/2024 William Penn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 106.2% William Penn Peer Group . . . . . . . . . . . . . . . . . . . . 100% 101.4% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 140.0% NASDAQBankIndex ....................... 100% 148.7% William Penn’s Three-Year Stock Performance Beginning Value 10/29/2021 Ending Value 10/29/2024 William Penn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 104.4% William Penn Peer Group . . . . . . . . . . . . . . . . . . . . 100% 82.2% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 126.7% NASDAQBankIndex ....................... 100% 88.4% Mid Penn’s One-Year Stock Performance Beginning Value 10/29/2023 Ending Value 10/29/2024 MidPenn ................................. 100% 166.0% Mid Penn Peer Group . . . . . . . . . . . . . . . . . . . . . . . 100% 134.7% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 140.0% NASDAQBankIndex ....................... 100% 148.7% Mid Penn’s Three-Year Stock Performance Beginning Value 10/29/2021 Ending Value 10/29/2024 MidPenn ................................. 100% 114.6% Mid Penn Peer Group . . . . . . . . . . . . . . . . . . . . . . . 100% 98.5% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 126.7% NASDAQBankIndex ....................... 100% 88.4% Comparable Company Analyses. Piper Sandler used publicly available information to compare selected financial information for William Penn with a group of financial institutions selected by Piper Sandler. The William Penn peer group included publicly traded banks headquartered in New Jersey, New York, and Pennsylvania with total assets between $500 million and $1.5 billion as of the most recently reported quarter, and with one-year average daily trading volume greater than 100 shares, but excluded Nmb Financial Corporation due to undisclosed shares outstanding as of the most recently reported quarter and targets of announced merger transactions (the “William Penn Peer Group”). The William Penn Peer Group consisted of the following companies: 1st Colonial Bancorp, Inc. JBT Bancorp, Inc. 1ST SUMMIT BANCORP of Johnstown, Inc. Jeffersonville Bancorp American Bank Incorporated Juniata Valley Financial Corp. AmeriServ Financial, Inc. Magyar Bancorp, Inc. 62
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