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 |
|---|---|---|---|
| 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)
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)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
424B5 - MidWestOne Financial Group, Inc. (0001412665) (Filer)
8-K - MidWestOne Financial Group, Inc. (0001412665) (Filer)
FWP - MidWestOne Financial Group, Inc. (0001412665) (Subject)
424B5 - MidWestOne Financial Group, Inc. (0001412665) (Filer)
EFFECT - MidWestOne Financial Group, Inc. (0001412665) (Filer)
N-PX - MidWestOne Financial Group, Inc. (0001412665) (Filer)
S-3 - MidWestOne Financial Group, Inc. (0001412665) (Filer)
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
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 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
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. Fourth Quarter 2023 Summary1 Net income of $2.7 million, or $0.17 per diluted common share, including, on a pre-tax basis, securities net losses of $5.7 million, merger-related costs of $245 thousand, voluntary early retirement program costs of $438 thousand, and a negative mortgage servicing right valuation adjustment of $105 thousand.Sold $115.2 million of securities in a balance sheet repositioning, proceeds were utilized to purchase higher yielding debt securities and reduce short-term bo
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=0492f968&confId=59127. After pre-registering for this event, you will receive your access details via email. On the
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)
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
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. Fourth Quarter 2023 Summary1 Net income of $2.7 million, or $0.17 per diluted common share, including, on a pre-tax basis, securities net losses of $5.7 million, merger-related costs of $245 thousand, voluntary early retirement program costs of $438 thousand, and a negative mortgage servicing right valuation adjustment of $105 thousand.Sold $115.2 million of securities in a balance sheet repositioning, proceeds were utilized to purchase higher yielding debt securities and reduce short-term bo
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. Investors and analysts interested in participating in the call may pre-register utilizing the following link: https://www.netroadshow.com/events/login?show=0492f968&confId=59127. After pre-registering for this event, you will receive your access details via email. On the
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. Third Quarter 2023 Highlights1 Net income of $9.1 million, or $0.58 per diluted common share, compared to net income of $7.6 million, or $0.48 per diluted common share, for the linked quarter.Annualized loan growth of 4.8%.Core deposits increased $83.2 million or 2%.Nonperforming assets ratio of 0.45%; net charge-off ratio was 0.04%.Efficiency ratio improved to 66.06%.Announced sale of Florida operations and acquisition of Denver Bankshares, Inc. ("Denver Bankshares") in strategic geographic repositioning.
Piper Sandler analyst Nathan Race maintains MidWestOne Financial Gr (NASDAQ:MOFG) with a Neutral and lowers the price target from $24 to $22.
MidWestOne Financial Gr (NASDAQ:MOFG) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.36 by 41.67 percent. This is a 133.33 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $34.731 million which beat the analyst consensus estimate of $34.585 million by 0.42 percent. This is a 13.34 percent decrease over sales of $40.076 million the same period last year.
Keefe, Bruyette & Woods analyst Damon Delmonte maintains MidWestOne Financial Gr (NASDAQ:MOFG) with a Market Perform and lowers the price target from $28 to $27.
Piper Sandler analyst Nathan Race assumes MidWestOne Financial Gr (NASDAQ:MOFG) with a Neutral rating and announces Price Target of $24.
MidWestOne Financial Gr (NASDAQ:MOFG) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings MidWestOne Financial Gr missed estimated earnings by 65.31%, reporting an EPS of $0.17 versus an estimate of $0.49. Revenue was down $11.01 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.01 which was followed by a 1.51% drop in the share price the next day. Here's a look at MidWestOne Financial Gr's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.57 0.71 0.75 1.09 EPS Actual 0.58 0.48 0.72 1.02 Revenue Estimate 37.39
MidWestOne Financial Gr (NASDAQ:MOFG) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.49 by 65.31 percent. This is a 83.33 percent decrease over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $32.56 million which missed the analyst consensus estimate of $34.02 million by 4.29 percent. This is a 25.26 percent decrease over sales of $43.56 million the same period last year.
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