MidWestOne Financial Group

MidWestOne Financial Group, Inc. is a financial holding company, focuses on delivering relationship-based business and personal banking products and services through its bank subsidiary, MidWestOne Bank. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. It offers its products and services primarily through its full-service branch network, including 34 branches located throughout central and eastern Iowa, 13 branches located principally in the Minneapolis-St. Paul metropolitan area of Minnesota, seven branches in western Wisconsin, one branch in each of Naples and Fort Myers, Florida, and one branch in Denver, Colorado. MidWestOne Financial Group was founded in 1983 and is headquartered in Iowa City, IA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

MidWestOne Financial Group (MOFG) excels in Q4 2022 earnings call, outlines growth strategies amidst funding challenges

MidWestOne Financial Group (MOFG) delivered a robust performance in Q4 2022, showcasing strategic leadership, operational excellence, and a focus on growth initiatives. The company addressed key financial aspects, including loan growth, credit quality, and margin pressures, while highlighting opportunities for future expansion. Navigating funding challenges and market dynamics remains a priority for sustaining momentum.

MidWestOne Financial Group advances strategic plan amidst challenges and opportunities

MidWestOne Financial Group (MOFG) made strides in Q1 2023 towards its strategic plan goals, focusing on performance enhancement and efficiency.
While facing challenges such as expense reductions and interest rate pressures, MOFG remains optimistic about its growth prospects and balance sheet strength.
Opportunities lie in talent development, strategic initiatives in key business segments, and potential market optimizations for MOFG in the coming year.

MidWestOne Financial Group reports robust Q2 performance and eyes growth

MidWestOne Financial Group's Q2 2023 earnings call highlighted strong financial performance, strategic initiatives, and growth prospects.
While facing challenges such as interest rate sensitivity and credit quality concerns, the company remains well-positioned for future opportunities.
By focusing on operational strengths, effective expense management, and seizing growth opportunities, MidWestOne Financial Group aims to sustain its competitive edge.

MidWestOne Financial Group reports strong Q3 performance and growth opportunities

MidWestOne Financial Group's Q3 performance reflects a solid foundation for growth, supported by core deposit expansion and strategic acquisitions.
While facing challenges such as margin pressure and expense management, the company's strengths in diversified business lines and asset quality position it well for the future.
By capitalizing on opportunities in talent development, revenue diversification, and operational efficiency, MidWestOne Financial Group can navigate challenges and drive sustainable growth.

MidWestOne Financial Group reports solid Q4 performance and strategic growth outlook

MidWestOne Financial Group's Q4 performance reflected solid loan growth and stable credit risk, with a focus on expense discipline and growth reinvestment.
While facing challenges in NIM and noninterest income, the company is strategically positioned for improved earnings through strategic initiatives and balance sheet restructuring.
Opportunities lie in revenue diversification, hiring in key areas, and market expansion through strategic mergers, positioning the company for growth in fee income and improved financial performance.

MidWestOne Financial Group posts strong Q1 results amid growth strategies

MidWestOne Financial Group (MOFG) delivered a solid start to the year with robust financial results, strategic acquisitions, and operational excellence, positioning the company for future growth.
While facing challenges in margin trends and industry-specific risks, the company's strengths in loan growth, expense control, and talent acquisitions provide a strong foundation for sustained performance.
With a focus on seizing opportunities post-acquisition, optimizing revenue streams, and managing risk effectively, MidWestOne Financial Group (MOFG) remains well-positioned to navigate market dynamics and drive shareholder value.

MidWestOne Financial Group (MOFG) excels in Q2 2024, eyes new opportunities

MidWestOne Financial Group (MOFG) delivered a strong performance in Q2 2024, driven by robust loan growth and stable deposits.
While facing challenges related to margin impact and expense management, MOFG is well-positioned to capitalize on opportunities in new lending verticals and operational enhancements.
The company's strategic focus on employee and customer engagement, along with prudent financial management, sets a positive trajectory for future growth and profitability.

MidWestOne Financial Group (MOFG) reports strong Q3 performance and eyes growth opportunities

MidWestOne Financial Group (MOFG) showcased robust financial performance and operational strength in Q3 2024, underpinned by strategic initiatives and prudent financial management.
While facing challenges such as margin pressures and market uncertainties, the company remains well-positioned to capitalize on growth opportunities and navigate potential risks effectively.
By focusing on operational efficiency, strategic growth initiatives, and prudent risk management, MOFG aims to sustain its positive trajectory and deliver long-term value to stakeholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MidWestOne (MOFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

MidWestOne (MOFG) Upgraded to Strong Buy: Here's What You Should Know

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q3 2024 Earnings Conference Call October 25, 2024 12:00 PM ET Company Participants Barry Ray - Senior Executive Vice President, Chief Financial Officer and Treasurer Charles Reeves - Chief Executive Officer Len Devaisher - President and Chief Operating Officer Gary Sims - Senior Vice President and Chief Credit Officer Conference Call Participants Brendan Nosal - Hovde Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Brian Martin - Janney Montgomery Operator Good morning, ladies and gentlemen, and welcome to the MidWestOne Financial Group, Inc. Third Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.

MidWestOne Financial Group, Inc. (MOFG) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for MidWestOne (MOFG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MidWestOne (MOFG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

MidWestOne (MOFG) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.58 per share a year ago.

MidWestOne (MOFG) Q3 Earnings Surpass Estimates

IOWA CITY, Iowa, Oct. 24, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the third quarter of 2024.

MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2024

IOWA CITY, Iowa, Oct. 11, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its third quarter 2024 financial results will be released after market closes on Thursday, October 24, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, October 25, 2024.

MidWestOne Financial Group, Inc. Announces Third Quarter 2024 Earnings Conference Call

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing MidWestOne Financial Group (MOFG) Right Now?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Barry Ray - CFO Chip Reeves - CEO Len Devaisher - President and COO Gary Sims - Chief Credit Officer Conference Call Participants Brendan Nosal - Hovde Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Brian Martin - Janney Montgomery Operator Good morning, ladies and gentlemen, and welcome to the MidWestOne Financial Group, Inc. Second Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.

MidWestOne Financial Group, Inc. (MOFG) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for MidWestOne (MOFG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

MidWestOne (MOFG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

MidWestOne (MOFG) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.48 per share a year ago.

MidWestOne (MOFG) Q2 Earnings Lag Estimates

IOWA CITY, Iowa, July 25, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the second quarter of 2024.

MidWestOne Financial Group, Inc. Reports Financial Results for the Second Quarter of 2024

IOWA CITY, Iowa, July 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second quarter 2024 financial results will be released after market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 26, 2024.

MidWestOne Financial Group, Inc. Announces Second Quarter 2024 Earnings Conference Call

IOWA CITY, Iowa, June 03, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG), parent company of MidWestOne Bank, a pre-eminent relationship-driven community bank, is pleased to announce the hiring of three new executive leaders: Paul Ho-Sing-Loy, Executive Vice President and Chief Information Officer; Steve Heimermann, Executive Vice President and Head of Wealth Management; and Elda Macias, Senior Vice President and Chief Marketing Officer.

MidWestOne Financial Group Welcomes Three Key Executive Leaders to the Organization

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q1 2024 Earnings Conference Call April 26, 2024 12:00 PM ET Company Participants Barry Ray - Chief Financial Officer Chip Reeves - Chief Executive Officer Len Devaisher - President and Chief Operating Officer Gary Sims - Chief Credit Officer Conference Call Participants Brendan Nosal - Hovde Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Operator Good morning, ladies and gentlemen and welcome to the MidWestOne Financial Group, Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.

MidWestOne Financial Group, Inc. (MOFG) Q1 2024 Earnings Call Transcript

The headline numbers for MidWestOne (MOFG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

MidWestOne (MOFG) Reports Q1 Earnings: What Key Metrics Have to Say

MidWestOne (MOFG) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.72 per share a year ago.

MidWestOne (MOFG) Misses Q1 Earnings and Revenue Estimates

IOWA CITY, Iowa, April 25, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the first quarter of 2024.

MidWestOne Financial Group, Inc. Reports Financial Results for the First Quarter of 2024

IOWA CITY, Iowa, April 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its first quarter 2024 financial results will be released after market closes on Thursday, April 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, April 26, 2024.

MidWestOne Financial Group, Inc. Announces First Quarter 2024 Earnings Conference Call

IOWA CITY, Iowa, Feb. 02, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank (the “Bank”), today announced the completion of its acquisition of Denver Bankshares, Inc. (“DNVB”), parent company of the Bank of Denver, effective January 31, 2024. Immediately following completion of the acquisition, the Bank of Denver was merged with and into the Bank.

MidWestOne Financial Group, Inc. Completes Acquisition of Denver Bankshares, Inc.

MidWestOne Financial Group, Inc. (MOFG) Q4 2023 Earnings Call Transcript

IOWA CITY, Iowa, Jan. 25, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the fourth quarter and full year of 2023.

MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023

IOWA CITY, Iowa, Jan. 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its fourth quarter 2023 financial results will be released after market closes on Thursday, January 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, January 26, 2024.

MidWestOne Financial Group, Inc. Announces Fourth Quarter 2023 Earnings Conference Call

MidWestOne (MOFG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

MidWestOne (MOFG) Moves 7.9% Higher: Will This Strength Last?

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q3 2023 Earnings Call Transcript October 27, 2023 12:00 PM ET Company Participants Barry Ray - Chief Financial Officer Charles Reeves - Chief Executive Officer Len Devaisher - President and Chief Operating Officer Gary Sims - Chief Credit Officer Conference Call Participants Terence McEvoy - Stephens Inc Damon DelMonte - KBW Brian Martin - Janney Montgomery Scott Operator Good morning, ladies and gentlemen, and welcome to the MidWestOne Financial Group Third Quarter 2023 Earnings Call. During today's presentation, all parties will be in a listen-only mode.

MidWestOne Financial Group, Inc. (MOFG) Q3 2023 Earnings Call Transcript

MidWestOne (MOFG) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.17 per share a year ago.

News for MidWestOne Financial Group Stock (MOFG)