MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2023
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, 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 borrowings.Annualized loan growth of 6.1%.Deposits, excluding brokered deposits, increased $31.4 million, or 0.6%, the second sequential quarter of deposit growth.Nonperforming assets ratio remained stable at 0.47%; net charge-off ratio was 0.20%.Received all regulatory approvals for the previously
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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