MidWestOne Financial Group, Inc. Reports Financial Results for the First Quarter of 2024
MidWestOne Financial Group, Inc. (MOFG)
Last midwestone financial group, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
irsolutions.snl.com/mobile/home.aspx?iid=1021746
Company Research
Source: GlobeNewswire
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 expense of $3.2 million related to the DNVB acquisition.Noninterest Expense of $35.6 million, which included merger-related costs of $1.3 million, OREO write-down expense of $311 thousand, and non-acquisition related severance expense of $261 thousand. Net interest margin (tax equivalent) expanded 11
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News
- MidWestOne Financial Group (NASDAQ:MOFG) Is Due To Pay A Dividend Of $0.2425 [Yahoo! Finance]Yahoo! Finance
- MidWestOne Financial Group First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) had its price target lowered by analysts at Piper Sandler from $24.00 to $22.00. They now have a "neutral" rating on the stock.MarketBeat
- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) had its price target lowered by analysts at Hovde Group from $23.50 to $21.50. They now have a "market perform" rating on the stock.MarketBeat
MOFG
Earnings
- 4/25/24 - Miss
MOFG
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 144
- 4/30/24 - Form 4
- MOFG's page on the SEC website