MidWestOne Financial Group, Inc. Reports Financial Results For the Second Quarter of 2022
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
Second Quarter Summary1 Completed acquisition of Iowa First Bancshares Corp ("IOFB").Annualized adjusted core loan growth (excluding IOFB and PPP) of 10.53%2.Nonperforming assets ratio improved 10 basis points (bps) to 0.43%; net charge-off ratio improved 25 bps to 0.03%.Net interest margin (tax equivalent) expanded 8 bps to 2.87%2.Net income for the second quarter was $12.6 million, or $0.80 per diluted common share. Total revenue, net of interest expense, of $52.1 million, including a $1.4 million bargain purchase gain recognized in connection with the IOFB acquisition.Credit loss expense of $3.3 million stemming from the acquired IOFB loan portfolio.Noninterest expense of $32.1 million, including $0.9 million of merger-related expenses.Effective tax rate of 24.5%, reflecting a $0.8 million charge related to an Iowa tax law change. Efficiency ratio improved to 56.57%2. IOWA CITY, Iowa, July 28, 2022 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”
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News
- MidWestOne Financial Group, Inc. Announces First Quarter 2024 Earnings Conference CallGlobeNewswire
- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) had its price target lowered by analysts at Keefe, Bruyette & Woods from $28.00 to $27.00. They now have a "market perform" rating on the stock.MarketBeat
- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) is now covered by analysts at Piper Sandler. They set a "neutral" rating and a $24.00 price target on the stock.MarketBeat
- MidWestOne Financial Group, Inc. (NASDAQ: MOFG) is now covered by analysts at Hovde Group. They set a "market perform" rating on the stock.MarketBeat
- With 66% institutional ownership, MidWestOne Financial Group, Inc. (NASDAQ:MOFG) is a favorite amongst the big guns [Yahoo! Finance]Yahoo! Finance
MOFG
Earnings
- 1/25/24 - Miss
MOFG
Sec Filings
- 4/12/24 - Form 8-K
- 3/20/24 - Form ARS
- 3/11/24 - Form 4
- MOFG's page on the SEC website