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Midwestone Financial Group Inc   (MOFG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $22.4700 $0.58 2.650%
Day's High: $22.61 Week Perf: -0.13 %
Day's Low: $ 21.70 30 Day Perf: -2.56 %
Volume (M): 103 52 Wk High: $ 27.78
Volume (M$): $ 2,308 52 Wk Avg: $22.26
Open: $21.70 52 Wk Low: $17.80



 Market Capitalization (Millions $) 352
 Shares Outstanding (Millions) 16
 Employees 648
 Revenues (TTM) (Millions $) 157
 Net Income (TTM) (Millions $) 21
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 4

Midwestone Financial Group Inc

MidWestOne Financial Group, Inc. is an Iowa corporation incorporated in 1983, a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act of 1999. Our principal executive offices are located at 102 South Clinton Street, Iowa City, Iowa 52240.
We currently operate primarily through our two bank subsidiaries, MidWestOne Bank, an Iowa state non-member bank chartered in 1934 with its main office in Iowa City, Iowa, and Central Bank, a Minnesota state non-member bank chartered in 1988 with its main office in Golden Valley, Minnesota, as well as MidWestOne Insurance Services, Inc., our wholly-owned subsidiary that operates through three agencies located in central and east-central Iowa.

MidWestOne Bank operates a total of 24 branch locations, plus its specialized Home Mortgage Center, in 15 counties throughout central and east-central Iowa. Central Bank is headquartered in Golden Valley, Minnesota and it operates a total of 22 offices, primarily in the Twin Cities metro area with offices in Minnesota and western Wisconsin. Additionally, Central Bank operates two Florida offices in Naples and Fort Myers. MidWestOne Bank and Central Bank provide full-service retail banking in the communities in which their respective branch offices are located. Deposit products offered include checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and other time deposits. MidWestOne Bank and Central Bank offer commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, on-line banking, mobile banking, and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers. MidWestOne Bank also has a trust and investment department through which it offers a variety of trust and investment services, including administering estates, personal trusts, conservatorships, pension and profit-sharing funds and providing property management, farm management, custodial, financial planning, investment management and retail brokerage services (the latter of which is provided through an agreement with a third-party registered broker-dealer).

Our operating strategy is based upon a sophisticated community banking model delivering a complete line of financial products and services while following five guiding principles: (1) hire and retain excellent employees; (2) take care of our customers; (3) conduct business with the utmost integrity; (4) work as one team; and (5) learn constantly so we can continually improve.


Management believes the personal and professional service offered to customers provides an appealing alternative to the “megabanks” that have resulted from large out-of-state national banks acquiring Iowa-based community banks. While we employ a community banking philosophy, we believe that our size, combined with our complete line of financial products and services, is sufficient to effectively compete in our relevant market areas. To remain price competitive, management also believes that we must grow organically as well as through strategic transactions, manage expenses and our efficiency ratio, and remain disciplined in our asset/liability management practices.



   Company Address: 102 South Clinton Street Iowa City 52240 IA
   Company Phone Number: 356-5800   Stock Exchange / Ticker: NASDAQ MOFG
   


Customers Net Income fell by MOFG's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.33%    
CFG   -2.19%    
FCNCA        2.47% 
FITB   -2.51%    
NTRS        1.27% 
WAL   -1.75%    
• View Complete Report
   



Midwestone Financial Group Inc

Huge Income Drop Hits MidwestOne Financial Group Inc in Q4 2023



MidwestOne Financial Group Inc, a regional bank based in Iowa, recently reported its financial results for the fourth quarter of 2023. The company experienced a significant downturn in various key metrics, including income, revenue, and profitability. Additionally, amidst challenging market conditions, MidwestOne announced a strategic acquisition that aims to bolster its presence in the Midwest banking sector.
Key Findings:
1. Income and EPS:
- In Q4 2023, MidwestOne's income plummeted by 82.99%, falling to $0.17 per share from $1.02 a year ago.
- Earnings per share (EPS) also dropped by 70.09%, decreasing to $0.58 per share compared to the preceding reporting period.

Merger and Acquisition

MidWestOne Financial Group Expands its Horizons with Denver Bankshares Acquisition

Published Fri, Feb 2 2024 9:16 PM UTC



In a move that has both local and national implications, MidWestOne Financial Group, Inc. has successfully finalized its acquisition of Denver Bankshares, Inc., solidifying its position as a major player in the Midwest banking sector. The merger, effective January 31, 2024, marks a significant milestone for MidWestOne, parent company of MidWestOne Bank, reinforcing...

Midwestone Financial Group Inc

Midwestone Financial Group Inc Struggles as Top-line Plummets in Q3 2023: Stock Moderately Impacted

Over the past 7 days, shares of Midwestone Financial Group Inc have experienced a slight decline of -0.05%. This brings the year-to-date performance of the company to -38.21%. Despite this recent dip, the stock is still trading 10.1% above its 52-week low.
During the most recent fiscal period, Midwestone Financial Group Inc saw a significant decrease in net profit per share, with a decline of -50.43% from $1.17 per share to $0.58 per share compared to the same period the previous year. However, the company's profits did experience a 20.83% increase from the prior quarter, rising from $0.48 per share.

Midwestone Financial Group Inc

MidWestOne Financial Group Inc. Experiences Significant Slump in Earnings Per Share in the Financial Period Ending June 30, 2023

Midwestone Financial Group Inc (NASDAQ: MOFG) has been facing some troubling financials recently, indicating a bearish outlook for the company. In the financial time-frame ending June 30, 2023, MOFG experienced a significant drop in earnings per share, down by 40% to $0.48 per share. This decline can be attributed to a notable decrease in revenue of 9.59% to $44.11 million, year on year.
The Regional Banks industry, on the other hand, witnessed revenue growth in the second quarter of 2023. This signifies that the poor performance of MOFG may be an isolated issue rather than a sector-wide concern. In the prior reporting period, MOFG's revenue was only $35.10 million, with a bottom line of $0.09 per share, indicating a decline in both revenue and profitability.

Midwestone Financial Group Inc

Midwestone Financial Group Inc Faces Mounting Challenges as Q1 2023 Earnings Plummet

Midwestone Financial Group Inc has reported a significant decline in revenue and earnings for the first quarter of the 2023 earnings season. According to the company's latest financial statement, the revenue for the quarter fell by -28.344% to $35.10 million from $48.98 million compared to the same period in the previous year. This inevitably caused the company's earnings to decline by -89.77%.
In contrast to the Q4 performance, revenue tumbled -34.924% from the previous year's $53.93 million while income per share saw a significant drop to $0.09 per share, relative to the preceding year's $0.88 per share. Furthermore, the net income for the first quarter of 2023 was $1.397 million, marking an -89.95% decrease from the $13.895 million posted for the same period in the preceding year.






 

Midwestone Financial Group Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Midwestone Financial Group Inc does not provide revenue guidance.

Earnings Outlook
Midwestone Financial Group Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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