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 2024

MOFG outlines strategic growth plan with focus on efficiency and wealth management

MOFG's Q1 2023 earnings call highlighted a strategic plan for growth, with a focus on balanced loan and wealth management growth. The bank aims to achieve cost savings and efficiency improvements, while also addressing challenges related to net interest margin and geographic footprint evaluation. Opportunities lie in achieving ROA improvement and further growth in the Wealth Management division.

MidWestOne Financial Group, Inc. reports solid Q2 performance and focuses on sustainable growth

MidWestOne Financial Group, Inc. is making solid progress in executing its strategic plan, with a focus on building a high-performing bank and driving organic growth. The company's emphasis on expanding into specialty commercial banking markets and improving operational effectiveness reflects a commitment to sustainable growth amidst market uncertainties.

MidWestOne Financial Group reports strong Q3 performance and growth opportunities

MOFG's Q3 2023 earnings call highlighted strong financial performance, progress in strategic initiatives, and a focus on cost management. While the company faces challenges in expense control and operational efficiency, it is well-positioned to capitalize on growth opportunities in major metro markets and government guaranteed lending.

MidWestOne Financial Group reports solid Q4 earnings, eyes Denver expansion

MidWestOne Financial Group, Inc. delivered solid financial performance in Q4 2023, with a focus on expense discipline and growth in key markets. While challenges exist in the form of margin pressure and credit risk, the pending merger and proactive approach present opportunities for future growth.

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

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.

MidWestOne (MOFG) Q3 Earnings Meet Estimates

IOWA CITY, Iowa, Oct. 26, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the third quarter of 2023.

MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2023

IOWA CITY, Iowa, Oct. 13, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its third quarter 2023 financial results will be released after market closes on Thursday, October 26, 2023. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, October 27, 2023.

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

IOWA CITY, Iowa, Sept. 27, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive merger agreement to strategically reinvest the proceeds from the previously announced sale of our Florida operations through the acquisition of Denver Bankshares, Inc. (“Denver Bankshares”), the parent company for the Bank of Denver (“Bank of Denver”).

MidWestOne Financial Group, Inc. Announces Strategic Acquisition in Denver

MidWestOne (MOFG) has agreed to sell its Florida operations to DFCU Financial.

MidWestOne (MOFG) to Sell Its Florida Operations to DFCU

IOWA CITY, Iowa, Sept. 25, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive purchase and assumption agreement for the sale of its Florida operations to DFCU Financial.

MidWestOne Financial Group, Inc. Announces Sale of Florida Operations

NEW YORK--(BUSINESS WIRE)-- #KBRA--On June 22, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Iowa-based MidWestOne Financial Group, Inc. (NASDAQ: MOFG) (“MidWestOne” or “the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, MidWestOne Bank. The Outloo.

KBRA Releases Surveillance Report for MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q2 2023 Results Conference Call August 1, 2023 12:00 PM ET Company Participants Charles Reeves - Chief Executive Officer Barry Ray - Chief Financial Officer Len Devaisher - President and Chief Operating Officer Gary Sims - Chief Credit Officer Conference Call Participants Brendan Nosal - Piper Sandler Benjamin Gerlinger - Hovde Group Terence McEvoy - Stephens Inc Damon DelMonte - Keefe, Bruyette, & Woods Brian Martin - Janney Montgomery Scott Operator Good morning, ladies and gentlemen and welcome to the MidWestOne Financial Group, Incorporated Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.

MidWestOne Financial Group, Inc. (MOFG) Q2 2023 Earnings Call Transcript

MidWestOne (MOFG) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.80 per share a year ago.

MidWestOne (MOFG) Q2 Earnings and Revenues Miss Estimates

While the top- and bottom-line numbers for MidWestOne (MOFG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About MidWestOne (MOFG) Q2 Earnings

IOWA CITY, Iowa, Aug. 01, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the second quarter of 2023.

MidWestOne Financial Group, Inc. Reports Financial Results for the Second Quarter of 2023

IOWA CITY, Iowa, July 24, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its second quarter 2023 financial results will be released before market open on Tuesday, August 1, 2023. The Company will host a conference call to discuss its financial results at 11:00 a.m.

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

MidWestOne (MOFG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

MidWestOne (MOFG) Expected to Beat Earnings Estimates: Should You Buy?

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Iowa-based MidWestOne Financial Group, Inc. (NASDAQ: MOFG) ("MidWestOne" or "the company"). In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its main subsidiary, MidWestOne Bank. The Outlook for all long-t.

KBRA Affirms Ratings for MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q1 2023 Earnings Conference Call April 28, 2023 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 - Senior Vice President and Chief Credit Officer Conference Call Participants Brendan Nosal - Piper Sandler Terry McEvoy - Stephens Damon DelMonte - KBW Brian Martin - Janney Operator Good morning, ladies and gentlemen and welcome to the MidWestOne Financial Group, Inc. First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.

MidWestOne Financial Group, Inc. (MOFG) Q1 2023 Earnings Call Transcript

MidWestOne (MOFG) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.88 per share a year ago.

MidWestOne (MOFG) Lags Q1 Earnings and Revenue Estimates

~Announces Strategic Plan and Financial Targets~ ~Repositioning of the Company's Balance Sheet Provides Earnings, Margin and Return Accretion~ IOWA CITY, Iowa, April 27, 2023 (GLOBE NEWSWIRE) --  MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the first quarter of 2023. First Quarter 2023 Highlights 1 Net income of $1.4 million, or $0.09 per diluted common share, compared to net income of $16.0 million, or $1.02 per diluted common share, for the linked quarter.

MidWestOne Financial Group, Inc. Reports Financial Results For The First Quarter Of 2023

Arrow Financial

Territorial Bancorp

First Financial

ECB Bancorp Inc/MD

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

News for MidWestOne Financial Group Stock (MOFG)