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Stock impact report

MidWestOne Financial Group, Inc. Reports Results for the First Quarter 2020

MidWestOne Financial Group, Inc. (MOFG) 
Last midwestone financial group, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
First Quarter Summary1 Through April 28, 2020, approved approximately $332 million of PPP loans for 2,190 customers.Net Loss of $2.0 million, or a Loss of $0.12 Per Diluted Share°  Credit Loss Expense of $21.7 million°  Pre-tax, Pre-provision Net Revenue2 of $17.6 million, an increase of $5.4 million°  Noninterest Income increased 12% to $10.2 million°  Noninterest Expenses decreased 18% to $30.0 millionEnding deposit balances rose $131.2 million, or 4%, from year-end 2019 IOWA CITY, Iowa, April 30, 2020 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq - MOFG) (“we”, “our”, or the "Company”) today reported net loss for the first quarter of 2020 of $2.0 million, or $0.12 per diluted common share, compared to net income of $13.4 million, or $0.83 per diluted common share, for the fourth quarter of 2019 (the “linked quarter”). Credit loss expense for the first quarter was $21.7 million, which reduced diluted earnings per common share by approximately $0.99 for the first q Show less Read more
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