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Stock impact report

MidWestOne Financial Group, Inc. Reports Financial Results for The second Quarter of 2019

MidWestOne Financial Group, Inc. (MOFG) 
Last midwestone financial group, inc. earnings: 4/30 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
IOWA CITY, Iowa, July 25, 2019 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq - MOFG) (“we”, “our”, or “the Company”) today reported its financial results for the second quarter of 2019. Net income for the second quarter of 2019 was $10.7 million, or $0.72 per diluted common share, compared to net income of $7.3 million, or $0.60 per diluted common share, for the first quarter of 2019 (the “linked quarter”). Charles Funk, President and CEO commented, “The second quarter saw the consummation of our acquisition of ATBancorp and, as a result, our earnings reflected the impact of certain one-time costs incurred in connection with the merger. With that said, we believe the underlying trends are positive. Excluding transaction charges of $0.16 per diluted share, net income for the quarter was $0.88 per diluted share, and return on average tangible equity was 16.28%.” FINANCIAL HIGHLIGHTS  As of or For the Three Months Ended As of or For the Six Months Ended June 30, M Show less Read more
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