MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits. The company also provides commercial and industrial, commercial and residential real estate, agricultural, and credit card loans, as well as consumer loans, such as personal and automobile loans. In addition, it offers various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, investment advisory, retail securities brokerage, financial planning, securities trading, mutual funds sales, fixed and variable annuities and tax-exempt, conventional unit trusts, and custodial services. Further, the company provides other products and services comprising treasury management, debit cards, automated teller machines, online and mobile banking, and safe deposit boxes. It offers its products and services primarily through a network of 56 banking offices located in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area of Minnesota, southwestern Wisconsin, southwestern Florida, and Denver, Colorado. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.
IPO Year:
Exchange: NASDAQ
Website: midwestonefinancial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $30.00 → $33.50 | Market Perform | Hovde Group |
| 12/17/2024 | $34.00 → $39.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/26/2024 | $23.50 → $21.50 | Market Perform | Hovde Group |
| 3/13/2024 | $24.00 | Neutral | Piper Sandler |
| 3/4/2024 | Market Perform | Hovde Group | |
| 6/12/2023 | Outperform | Hovde Group | |
| 12/13/2022 | $37.00 | Outperform → Mkt Perform | Keefe Bruyette |
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
SCHEDULE 13G - MidWestOne Financial Group, Inc. (0001412665) (Subject)
13F-HR - MidWestOne Financial Group, Inc. (0001412665) (Filer)
SCHEDULE 13G - MidWestOne Financial Group, Inc. (0001412665) (Subject)
10-Q - MidWestOne Financial Group, Inc. (0001412665) (Filer)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
DEFA14A - MidWestOne Financial Group, Inc. (0001412665) (Filer)
DEF 14A - MidWestOne Financial Group, Inc. (0001412665) (Filer)
10-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
SCHEDULE 13G - MidWestOne Financial Group, Inc. (0001412665) (Subject)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
4 - MidWestOne Financial Group, Inc. (0001412665) (Issuer)
SC 13G/A - MidWestOne Financial Group, Inc. (0001412665) (Subject)
SC 13G/A - MidWestOne Financial Group, Inc. (0001412665) (Subject)
SC 13G - MidWestOne Financial Group, Inc. (0001412665) (Subject)
IOWA CITY, Iowa, April 24, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("we," "our," or the "Company") today reported results for the first quarter of 2025. First Quarter 2025 Summary1 Net income of $15.1 million, or $0.73 per diluted common share. Net interest margin (tax equivalent) was 3.44%;2 core net interest margin expanded 10 basis points ("bps") to 3.36%.2Noninterest expenses were $36.3 million; efficiency ratio was 59.38%.2Return on average assets of 1.00%. Criticized loans ratio improved 54 bps to 5.47%; nonperforming assets ratio improved 7 bps to 0.33%.Tangible book value per share of $23.36,2 an increase of 4.4%.Common equity tier 1 ("CET1") capit
IOWA CITY, Iowa, April 11, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its first quarter 2025 financial results will be released after market closes on Thursday, April 24, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, April 25, 2025. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=29396e9f&confId=80376. After pre-registering for this event, you will receive your access details via email. On the day
IOWA CITY, Iowa, Jan. 23, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("we", "our", or the "Company") today reported results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Summary1 Net income of $16.3 million, or $0.78 per diluted common share. Return on average assets of 1.03%.Net interest margin (tax equivalent) was 3.43%;2 Core net interest margin expanded 85 bps to 3.26%.2Efficiency ratio improved to 59.06%2 from 70.32%2 in the linked quarter. Noninterest bearing deposits and core deposits increased 3.7% and 2.3%, respectively.Classified loan ratio improved 54 bps to 2.57%; nonperforming assets ratio remained stable at 0.40%; net charge-
IOWA CITY, Iowa, Jan. 10, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its fourth quarter 2024 financial results will be released after market closes on Thursday, January 23, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, January 24, 2025. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=edad992a&confId=75837. After pre-registering for this event, you will receive your access details via email. On the
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. Third Quarter 2024 Summary1 Completed a common equity capital raise, resulting in net proceeds to the Company of $118.6 million to facilitate a balance sheet repositioning. $140.4 million of securities impairment related to the repositioning was recognized in pre-tax earnings.Subsequent to quarter-end: Sold $1.0 billion of debt securities with a weighted average yield of 1.58%, and a weighted average life of 5.6 years.Purchased $589.8 million of debt securities, with a weighted average yield of 4.65%,
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=e1a9f566&confId=71942. After pre-registering for this event, you will receive your access details via email. On th
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. Second Quarter 2024 Summary1 Completed sale of our Florida banking operations for a 7.5% deposit premium. Included in the sale were $133.3 million of deposits and $163.6 million of loans. Net income of $15.8 million, or $1.00 per diluted common share. Revenue of $57.9 million, which included gain on sale of $11.1 million and a positive MSR valuation adjustment of $129 thousand.Noninterest expense of $35.8 million, which included merger-related costs of $854 thousand. Net interest margin (tax equiva
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=25afc13e&confId=68332. After pre-registering for this event, you will receive your access details via email. On the day o
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 has introduced a new strategic plan emphasizing expertise, customer experience and deep relationships, and these hires will propel progress in reaching that objective. "These leaders come at a time of si
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. First Quarter 2024 Summary1 Completed acquisition of Denver Bankshares, Inc. ("DNVB"), the related core banking system conversion, and closure of the legacy MidWestOne Denver banking office.Net income of $3.3 million, or $0.21 per diluted common share. Revenue was $44.5 million, comprised of net interest income of $34.7 million and noninterest income of $9.8 million, which included a negative MSR valuation adjustment of $368 thousand.Credit loss expense of $4.7 million, which included day 1 credit loss exp
IOWA CITY, Iowa, April 24, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("we," "our," or the "Company") today reported results for the first quarter of 2025. First Quarter 2025 Summary1 Net income of $15.1 million, or $0.73 per diluted common share. Net interest margin (tax equivalent) was 3.44%;2 core net interest margin expanded 10 basis points ("bps") to 3.36%.2Noninterest expenses were $36.3 million; efficiency ratio was 59.38%.2Return on average assets of 1.00%. Criticized loans ratio improved 54 bps to 5.47%; nonperforming assets ratio improved 7 bps to 0.33%.Tangible book value per share of $23.36,2 an increase of 4.4%.Common equity tier 1 ("CET1") capit
IOWA CITY, Iowa, April 11, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its first quarter 2025 financial results will be released after market closes on Thursday, April 24, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, April 25, 2025. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=29396e9f&confId=80376. After pre-registering for this event, you will receive your access details via email. On the day
IOWA CITY, Iowa, Jan. 10, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its fourth quarter 2024 financial results will be released after market closes on Thursday, January 23, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, January 24, 2025. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=edad992a&confId=75837. After pre-registering for this event, you will receive your access details via email. On the
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. Third Quarter 2024 Summary1 Completed a common equity capital raise, resulting in net proceeds to the Company of $118.6 million to facilitate a balance sheet repositioning. $140.4 million of securities impairment related to the repositioning was recognized in pre-tax earnings.Subsequent to quarter-end: Sold $1.0 billion of debt securities with a weighted average yield of 1.58%, and a weighted average life of 5.6 years.Purchased $589.8 million of debt securities, with a weighted average yield of 4.65%,
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=e1a9f566&confId=71942. After pre-registering for this event, you will receive your access details via email. On th
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. Second Quarter 2024 Summary1 Completed sale of our Florida banking operations for a 7.5% deposit premium. Included in the sale were $133.3 million of deposits and $163.6 million of loans. Net income of $15.8 million, or $1.00 per diluted common share. Revenue of $57.9 million, which included gain on sale of $11.1 million and a positive MSR valuation adjustment of $129 thousand.Noninterest expense of $35.8 million, which included merger-related costs of $854 thousand. Net interest margin (tax equiva
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=25afc13e&confId=68332. After pre-registering for this event, you will receive your access details via email. On the day o
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. First Quarter 2024 Summary1 Completed acquisition of Denver Bankshares, Inc. ("DNVB"), the related core banking system conversion, and closure of the legacy MidWestOne Denver banking office.Net income of $3.3 million, or $0.21 per diluted common share. Revenue was $44.5 million, comprised of net interest income of $34.7 million and noninterest income of $9.8 million, which included a negative MSR valuation adjustment of $368 thousand.Credit loss expense of $4.7 million, which included day 1 credit loss exp
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=0114d1d0&confId=63215. After pre-registering for this event, you will receive your access details via email. On the day
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. Under the terms of the merger agreement, DNVB shareholders received $462.42 in cash in exchange for each share of DNVB stock. The value of the total deal consideration was $32.6 million. With the addition of DNVB, on a pro forma basis, MidWestOne would have
Hovde Group reiterated coverage of MidWestOne Financial Group with a rating of Market Perform and set a new price target of $33.50 from $30.00 previously
Keefe Bruyette upgraded MidWestOne Financial Group from Mkt Perform to Outperform and set a new price target of $39.00 from $34.00 previously
Hovde Group reiterated coverage of MidWestOne Financial Group with a rating of Market Perform and set a new price target of $21.50 from $23.50 previously
Piper Sandler resumed coverage of MidWestOne Financial Group with a rating of Neutral and set a new price target of $24.00
Hovde Group resumed coverage of MidWestOne Financial Group with a rating of Market Perform
Hovde Group initiated coverage of MidWestOne Financial Group with a rating of Outperform
Keefe Bruyette downgraded MidWestOne Financial Group from Outperform to Mkt Perform and set a new price target of $37.00