In the Q3, Midwestone Financial Group Inc 's corporate clients experienced a reduction by -6.9 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -25.86 %. During the corresponding time, Midwestone Financial Group Inc sequentially revenue grew by 22.31 %. While revenue at the Midwestone Financial Group Inc 's corporate clients fell by -5.33 % year on year, sequentially revenue grew by 1 %.
Customers of Midwestone Financial Group Inc saw their costs of revenue decrease by -6.9 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -25.86 %, for the same period Midwestone Financial Group Inc sequentially revenue grew by 22.31 %.
Midwestone Financial Group Inc's Comment on Sales, Marketing and Customers
Our holding company’s principal offices are located in Iowa City, Iowa.
The city of Iowa City is located in east-central Iowa, approximately 220 miles
west of Chicago, Illinois, and approximately 115 miles east of Des Moines, Iowa.
It is situated approximately 60 miles west of the Mississippi River on Interstate
80 and is the home of the University of Iowa, a public university with approximately
23,400 undergraduate students and 8,800 graduate and professional students.
Iowa City is the home of the University of Iowa Hospitals and Clinics, a 730-bed
comprehensive academic medical center and regional referral center with approximately
1,600 staff physicians, residents, and fellows and approximately 2,000 professional
nurses. The city of Iowa City has a total population of approximately 73,000
and the Iowa City MSA has a total population of approximately 161,000.
MidWestOne Bank operates branch offices and a loan production office in 15
counties in central and east-central Iowa. Based on deposit information collected
by the FDIC as of June 30, 2015, in 7 of those 15 counties, MidWestOne Bank
held between 8% and 25% of the deposit market share. In Mahaska County, MidWestOne
Bank held 39% of the deposit market share. In the remaining 7 counties MidWestOne
Bank’s market share is less than 8%.
Midwestone Financial Group Inc’s Comment on Sales, Marketing and Customers
Our holding company’s principal offices are located in Iowa City, Iowa.
The city of Iowa City is located in east-central Iowa, approximately 220 miles
west of Chicago, Illinois, and approximately 115 miles east of Des Moines, Iowa.
It is situated approximately 60 miles west of the Mississippi River on Interstate
80 and is the home of the University of Iowa, a public university with approximately
23,400 undergraduate students and 8,800 graduate and professional students.
Iowa City is the home of the University of Iowa Hospitals and Clinics, a 730-bed
comprehensive academic medical center and regional referral center with approximately
1,600 staff physicians, residents, and fellows and approximately 2,000 professional
nurses. The city of Iowa City has a total population of approximately 73,000
and the Iowa City MSA has a total population of approximately 161,000.
MidWestOne Bank operates branch offices and a loan production office in 15
counties in central and east-central Iowa. Based on deposit information collected
by the FDIC as of June 30, 2015, in 7 of those 15 counties, MidWestOne Bank
held between 8% and 25% of the deposit market share. In Mahaska County, MidWestOne
Bank held 39% of the deposit market share. In the remaining 7 counties MidWestOne
Bank’s market share is less than 8%.
Sources:
Midwestone Financial Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Midwestone Financial Group Inc’s corporate clients.
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