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 Financial Group, Inc. (NASDAQ:MOFG ) Q3 2022 Earnings Conference Call October 28, 2022 12:00 PM ET Company Participants Len Devaisher – Interim Chief Executive Officer Kevin Monson – Chairman Barry Ray – Senior Executive Vice President and Chief Financial Officer Jim Cantrell – Senior Executive Vice President, Chief Investment Officer and Treasurer Gary Sims – Senior Vice President and Chief Credit Officer Conference Call Participants Brendan Nosal – Piper Sandler & Co. Jeff Rulis – D.A. Davidson Terry McEvoy – Stephens Damon DelMonte – KBW Brian Martin – Janney Operator Good morning.

MidWestOne Financial Group, Inc. (MOFG) Q3 2022 Earnings Call Transcript

MidWestOne (MOFG) delivered earnings and revenue surprises of 15.84% and 8%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

MidWestOne (MOFG) Q3 Earnings and Revenues Beat Estimates

MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2022

Seasoned Banking Leader Brings Track Record of Driving Growth for Community, Regional and National Institutions Seasoned Banking Leader Brings Track Record of Driving Growth for Community, Regional and National Institutions

MidWestOne Names Charles N. Reeves as New CEO

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.

Is MidWestOne Financial Group (MOFG) a Great Value Stock Right Now?

Midwestone Financial Group, Inc. (NASDAQ:MOFG ) Q2 2022 Earnings Conference Call July 29, 2022 12:00 PM ET Company Participants Charles Funk - CEO & Director Barry Ray - CFO & Senior EVP Len Devaisher - President & COO Gary Sims - Senior VP & Chief Credit Officer James Cantrell - CIO, Senior EVP & Treasurer Conference Call Participants Brendan Nosal - Piper Sandler & Co. Terence McEvoy - Stephens Inc. Damon DelMonte - KBW Brian Martin - Janney Montgomery Scott Operator Good morning, and thank you for attending today's MidWestOne Financial Group Second Quarter 2022 Earnings Call. My name is Jason, and I will be the moderator for today's call.

Midwestone Financial Group, Inc. (MOFG) CEO Charles Funk on Q2 2022 Results - Earnings Call Transcript

MidWestOne (MOFG) delivered earnings and revenue surprises of -10.11% and 7.92%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

MidWestOne (MOFG) Lags Q2 Earnings Estimates

MidWestOne Financial Group, Inc. Reports Financial Results For the Second Quarter of 2022

IOWA CITY, Iowa, June 09, 2022 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) (“MidWestOne”), parent company of MidWestOne Bank (the “Bank”), today announced the completion of its acquisition of Iowa First Bancshares Corp. (OTC Pink: IOFB) (“IOFB”), parent company of First National Bank of Muscatine and First National Bank in Fairfield, effective June 9, 2022. Immediately following completion of the acquisition, First National Bank of Muscatine and First National Bank in Fairfield were merged with and into the Bank.

MidWestOne Financial Group, Inc. Completes Acquisition of Iowa First Bancshares Corp.

Should Value Investors Buy MidWestOne Financial Group (MOFG) Stock?

MidWestOne (MOFG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why MidWestOne (MOFG) Is a Great 'Buy the Bottom' Stock Now

IOWA CITY, Iowa, May 02, 2022 (GLOBE NEWSWIRE) -- MidWestOne Bank, subsidiary of MidWestOne Financial Group, Inc. (Nasdaq: MOFG), today announced changes to save customers money by eliminating fees for small dollar overdrafts.

MidWestOne Bank Providing Flex to Avoid Overdraft Fees

MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q1 2022 Earnings Conference Call April 29, 2022 12:00 PM ET Company Participants Charles Funk - CEO Barry Ray - CFO Gary Sims - CCO Jim Cantrell - Treasurer & CIO Len Devaisher - President Conference Call Participants Brendan Nosal - Piper Sandler Terry McEvoy - Stephens Inc. Jeffrey Rulis - D. A. Davidson Damon DelMonte - KBW Brian Martin - Janney Charles Funk Good day everyone.

MidWestOne Financial Group's (MOFG) CEO Charles Funk on Q1 2022 Results - Earnings Call Transcript

MidWestOne Financial Group, Inc. Reports Financial Results for the First Quarter of 2022

Arbor Realty Trust

Arthur J. Gallagher & Co.

Arrow Financial

Blackrock Inc

Emclaire Financial

Equinix

Eversource Energy

Forward Air

Genuine Parts

Interpublic Group of Companies

Kimberly-Clark

Kinsale Capital Group

Mercantile Bank

MVB Financial

NextEra Energy

EnPro Industries

Old Dominion Freight Line

Peoples Bancorp of North Carolina

Polaris

Vulcan Materials

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.6% and a median increase of 6.25%. I've tracked 118 increases in 2022. There are twenty-one increases for next week, up from eighteen last week.

21 Upcoming Dividend Increases Including One Dividend King

Twenty-One-Year Career Marked by Family-oriented Community Banking Focus and Significant Growth Twenty-One-Year Career Marked by Family-oriented Community Banking Focus and Significant Growth

CEO Charlie Funk to Retire From MidWestOne In 2022

MidWestOne Financial Group, Inc. (MOFG) CEO Charlie Funk on Q4 2021 Results - Earnings Call Transcript

MidWestOne (MOFG) delivered earnings and revenue surprises of -7.14% and 3.83%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

MidWestOne (MOFG) Q4 Earnings Miss Estimates

MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2021

MidWestOne (MOFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate MidWestOne (MOFG) to Report a Decline in Earnings: What to Look Out for

City Office REIT

Horizon

CIO, HBNC, and MOFG made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 7, 2022

Best Income Stocks to Buy for January 7th

MidWestOne (MOFG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

MidWestOne (MOFG) Hits 52-Week High, Can the Run Continue?

New York, New York--(Newsfile Corp. - November 3, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7091/101858_db6c8e156424c8e3_001full.jpgTo: All Persons or Entities

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Sale of Iowa First Bancshares Corp. to MidWestOne Financial Group, Inc.

MidWestOne Financial Group, Inc. (MOFG) CEO Charlie Funk on Q3 2021 Results - Earnings Call Transcript

MidWestOne (MOFG) delivered earnings and revenue surprises of 6.19% and 2.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

MidWestOne (MOFG) Q3 Earnings and Revenues Surpass Estimates

News for MidWestOne Financial Group Stock (MOFG)