See more : Jiangxi Jovo Energy Co., Ltd (605090.SS) Income Statement Analysis – Financial Results
Complete financial analysis of MidWestOne Financial Group, Inc. (MOFG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of MidWestOne Financial Group, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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MidWestOne Financial Group, Inc. (MOFG)
About MidWestOne Financial Group, Inc.
MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. It offers deposit products, such as noninterest bearing and interest-bearing demand deposit accounts, interest checking accounts, savings accounts, money market accounts, certificates of deposit, and time deposits. The company also provides commercial and industrial, commercial and residential real estate, agricultural, and credit card loans, as well as consumer loans, such as secured and unsecured personal, and automobile loans. In addition, it offers various trust and investment services, including administering estates, personal trusts, and conservatorships, as well as property management, farm management, investment advisory, retail securities brokerage, and financial planning and custodial services, as well as investment-related services, including securities trading, mutual funds sales, fixed and variable annuities, tax-exempted, and conventional unit trusts. Further, the company provides other products and services comprising treasury management, debit cards, automated teller machines, online and mobile banking, and safe deposit boxes. It offers its products and services primarily through a network of 56 banking offices located in central and eastern Iowa, the Minneapolis/St. Paul metropolitan area of Minnesota, southwestern Wisconsin, southwestern Florida, and Denver, Colorado. MidWestOne Financial Group, Inc. was incorporated in 1983 and is headquartered in Iowa City, Iowa.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 162.60M | 213.88M | 198.73M | 191.58M | 174.90M | 128.77M | 126.54M | 123.08M | 111.27M | 70.17M | 68.69M | 69.24M | 63.51M | 62.96M | 60.04M | 45.87M | 28.07M | 31.17M | 29.08M | 28.28M | 27.17M | 24.30M | 22.97M | 19.97M | 17.58M | 17.40M | 16.40M | 15.60M | 12.50M | 9.80M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 162.60M | 213.88M | 198.73M | 191.58M | 174.90M | 128.77M | 126.54M | 123.08M | 111.27M | 70.17M | 68.69M | 69.24M | 63.51M | 62.96M | 60.04M | 45.87M | 28.07M | 31.17M | 29.08M | 28.28M | 27.17M | 24.30M | 22.97M | 19.97M | 17.58M | 17.40M | 16.40M | 15.60M | 12.50M | 9.80M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 79.70M | 79.76M | 78.06M | 75.36M | 72.63M | 54.24M | 51.80M | 56.12M | 45.92M | 27.45M | 27.11M | 33.59M | 26.48M | 27.72M | 28.24M | 20.90M | 10.93M | 12.55M | 10.83M | 10.54M | 9.67M | 7.61M | 7.16M | 6.38M | 5.14M | 4.80M | 4.30M | 3.80M | 3.30M | 2.70M |
| Selling & Marketing | 3.61M | 4.27M | 4.02M | 3.82M | 3.79M | 2.66M | 2.45M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 83.31M | 84.04M | 82.08M | 79.18M | 76.42M | 54.24M | 51.80M | 56.12M | 45.92M | 27.45M | 27.11M | 33.59M | 26.48M | 27.72M | 28.24M | 20.90M | 10.93M | 12.55M | 10.83M | 10.54M | 9.67M | 7.61M | 7.16M | 6.38M | 5.14M | 4.80M | 4.30M | 3.80M | 3.30M | 2.70M |
| Other Expenses | 79.28M | -35.74M | -191.34M | -257.44M | -201.11M | -122.20M | -129.99M | -134.68M | -108.49M | -58.83M | -53.92M | -60.14M | -52.28M | 189.00K | 2.40M | -61.39M | -11.01M | -12.98M | -15.29M | -16.54M | -12.88M | -6.08M | -1.97M | 844.00K | -6.04M | -4.50M | -3.70M | -4.00M | -2.80M | -3.70M |
| Operating Expenses | 162.60M | 4.27M | -109.26M | -178.26M | -124.69M | -67.96M | -78.19M | -78.56M | -62.57M | -31.38M | -26.81M | -26.56M | -25.80M | 27.91M | 30.64M | -40.49M | -82.00K | -430.00K | -4.46M | -6.00M | -3.21M | 1.53M | 5.18M | 7.22M | -895.00K | 300.00K | 600.00K | -200.00K | 499.86K | -999.52K |
| Cost & Expenses | 162.60M | 4.27M | -109.26M | -178.26M | -124.69M | -67.96M | -78.19M | -78.56M | -62.57M | -31.38M | -26.81M | -26.56M | -25.80M | 27.91M | 30.64M | -40.49M | -82.00K | -430.00K | -4.46M | -6.00M | -3.21M | 1.53M | 5.18M | 7.22M | -895.00K | 300.00K | 600.00K | -200.00K | 499.86K | -999.52K |
| Interest Income | 249.61M | 196.76M | 176.77M | 184.79M | 182.44M | 128.82M | 119.32M | 112.33M | 100.70M | 64.40M | 66.09M | 69.30M | 68.58M | 70.98M | 73.36M | 70.21M | 38.31M | 46.45M | 40.08M | 37.37M | 37.58M | 37.54M | 40.11M | 38.83M | 28.83M | 26.00M | 23.90M | 22.60M | 18.29M | 12.99M |
| Interest Expense | 105.44M | 30.40M | 20.49M | 31.82M | 38.79M | 22.84M | 15.15M | 12.72M | 10.65M | 9.55M | 12.13M | 15.95M | 19.78M | 23.12M | 28.24M | 30.40M | 19.04M | 21.21M | 15.43M | 13.37M | 14.77M | 17.03M | 21.43M | 21.43M | 13.20M | 10.50M | 9.30M | 8.50M | 7.10M | 4.70M |
| Depreciation & Amortization | 0.00 | 11.17M | 10.16M | 12.08M | 10.80M | 6.50M | 7.26M | 8.53M | 3.27M | 547.00K | 663.00K | 778.00K | 5.32M | 5.74M | 5.84M | 3.20M | 1.33M | 2.25M | 2.77M | 0.00 | 2.85M | 0.00 | 1.99M | 2.02M | 1.54M | 1.40M | 800.00K | 1.20M | 1.10M | 499.76K |
| EBITDA | 0.00 | 86.76M | 91.04M | 17.88M | 52.95M | 47.01M | 37.60M | 35.67M | 39.52M | 28.27M | 30.42M | 27.52M | 23.25M | 19.28M | 16.34M | 0.00 | 0.00 | 16.55M | 17.23M | 22.28M | 0.00 | 25.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.66 | -0.44 |
| EBITDA Ratio | 0.00% | 54.78% | 47.72% | 10.59% | 32.08% | 52.29% | 40.68% | 39.40% | 46.71% | 56.05% | 61.94% | 62.77% | 67.76% | 67.33% | 63.99% | 18.71% | 104.43% | 105.84% | 94.18% | 78.78% | 98.69% | 106.30% | 131.24% | 146.30% | 103.66% | 109.77% | 108.54% | 106.41% | 112.80% | 94.90% |
| Operating Income | 24.83M | 111.09M | 89.48M | 13.32M | 50.20M | 60.81M | 48.35M | 44.53M | 48.70M | 38.78M | 41.88M | 42.69M | 37.71M | 36.65M | 32.57M | 5.38M | 27.99M | 30.74M | 24.63M | 22.28M | 23.96M | 25.83M | 28.15M | 27.19M | 16.69M | 17.70M | 17.00M | 15.40M | 13.00M | 8.80M |
| Operating Income Ratio | 15.27% | 51.94% | 45.02% | 6.95% | 28.70% | 47.22% | 38.21% | 36.18% | 43.77% | 55.27% | 60.97% | 61.65% | 59.38% | 58.21% | 54.25% | 11.74% | 99.71% | 98.62% | 84.67% | 78.78% | 88.19% | 106.30% | 122.57% | 136.17% | 94.91% | 101.72% | 103.66% | 98.72% | 104.00% | 89.80% |
| Total Other Income/Expenses | 0.00 | -18.23M | -13.96M | -49.26M | -26.16M | -9.47M | -9.40M | -17.86M | -3.53M | -7.03M | -7.06M | -1.66M | -195.00K | -898.00K | -12.01M | -30.40M | -19.04M | -21.21M | -15.43M | -25.37M | -14.77M | -13.97M | -21.43M | -21.43M | -13.20M | -10.50M | -9.30M | -8.50M | 5.90M | 4.10M |
| Income Before Tax | 24.83M | 76.60M | 89.48M | 13.32M | 50.20M | 37.97M | 29.08M | 27.25M | 32.94M | 25.55M | 25.25M | 22.09M | 17.93M | 13.53M | 4.33M | -25.01M | 8.95M | 9.53M | 9.20M | 8.91M | 9.19M | 8.80M | 6.72M | 5.76M | 3.49M | 7.20M | 7.70M | 6.90M | 5.90M | 4.10M |
| Income Before Tax Ratio | 15.27% | 35.81% | 45.02% | 6.95% | 28.70% | 29.48% | 22.98% | 22.14% | 29.60% | 36.42% | 36.76% | 31.91% | 28.23% | 21.49% | 7.21% | -54.53% | 31.89% | 30.58% | 31.63% | 31.50% | 33.84% | 36.23% | 29.27% | 28.85% | 19.86% | 41.38% | 46.95% | 44.23% | 47.20% | 41.84% |
| Income Tax Expense | 3.97M | 15.76M | 19.99M | 6.70M | 6.57M | 7.62M | 10.38M | 6.86M | 7.82M | 7.03M | 6.65M | 5.34M | 4.61M | 3.40M | -79.00K | -450.00K | 2.31M | 3.09M | 3.11M | 3.08M | 3.27M | 3.02M | 2.37M | 1.76M | 1.27M | 2.60M | 2.60M | 2.40M | 2.00M | 1.30M |
| Net Income | 20.86M | 60.84M | 69.49M | 6.62M | 43.63M | 30.35M | 18.70M | 20.39M | 25.12M | 18.52M | 18.61M | 16.75M | 13.32M | 10.13M | 4.41M | -24.56M | 6.65M | 6.44M | 6.09M | 5.83M | 5.93M | 5.79M | 4.36M | 4.00M | 2.22M | 4.60M | 5.10M | 4.50M | 3.90M | 2.80M |
| Net Income Ratio | 12.83% | 28.44% | 34.96% | 3.46% | 24.95% | 23.57% | 14.78% | 16.57% | 22.57% | 26.40% | 27.09% | 24.19% | 20.97% | 16.09% | 7.34% | -53.55% | 23.68% | 20.66% | 20.93% | 20.61% | 21.81% | 23.82% | 18.97% | 20.04% | 12.64% | 26.44% | 31.10% | 28.85% | 31.20% | 28.57% |
| EPS | 1.33 | 3.89 | 4.38 | 0.41 | 2.93 | 2.48 | 1.55 | 1.78 | 2.42 | 2.20 | 2.19 | 1.97 | 1.47 | 1.08 | 0.42 | -3.09 | 1.29 | 1.74 | 1.40 | 1.28 | 1.19 | 0.94 | 0.69 | 0.66 | 0.58 | 1.26 | 1.38 | 1.20 | 1.03 | 0.99 |
| EPS Diluted | 1.33 | 3.87 | 4.37 | 0.41 | 2.93 | 2.48 | 1.55 | 1.78 | 2.42 | 2.19 | 2.18 | 1.96 | 1.47 | 1.07 | 0.42 | -3.09 | 1.29 | 1.71 | 1.36 | 1.25 | 1.16 | 0.92 | 0.68 | 0.66 | 0.56 | 1.20 | 1.33 | 1.19 | 1.03 | 0.99 |
| Weighted Avg Shares Out | 15.68M | 15.65M | 15.88M | 16.10M | 14.87M | 12.22M | 12.04M | 11.43M | 10.36M | 8.41M | 8.48M | 8.49M | 8.60M | 8.61M | 8.61M | 7.95M | 5.17M | 3.33M | 4.36M | 4.54M | 3.82M | 3.89M | 3.87M | 4.28M | 3.83M | 3.65M | 3.70M | 3.78M | 3.79M | 2.83M |
| Weighted Avg Shares Out (Dil) | 15.72M | 15.70M | 15.91M | 16.11M | 14.88M | 12.24M | 12.06M | 11.46M | 10.39M | 8.43M | 8.53M | 8.53M | 8.63M | 8.64M | 8.61M | 7.95M | 5.17M | 3.39M | 4.47M | 4.66M | 3.82M | 3.89M | 3.87M | 4.28M | 3.97M | 3.83M | 3.83M | 3.78M | 3.79M | 2.83M |
MidWestOne Financial Group, Inc. Announces Fourth Quarter 2023 Earnings Conference Call
IOWA CITY, Iowa, Jan. 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its fourth quarter 2023 financial results will be released after market closes on...
MidWestOne (MOFG) Moves 7.9% Higher: Will This Strength Last?
MidWestOne (MOFG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
MidWestOne Financial Group, Inc. (MOFG) Q3 2023 Earnings Call Transcript
MidWestOne Financial Group, Inc. (NASDAQ:MOFG ) Q3 2023 Earnings Call Transcript October 27, 2023 12:00 PM ET Company Participants Barry Ray - Chief Financial Officer Charles Reeves - Chief Executive Officer Len Devaisher - President and Chief Operating Officer Gary...
MidWestOne (MOFG) Q3 Earnings Meet Estimates
MidWestOne (MOFG) came out with quarterly earnings of $0.58 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.17 per share a year ago.
MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2023
IOWA CITY, Iowa, Oct. 26, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the third quarter of 2023.
MidWestOne Financial Group, Inc. Announces Third Quarter 2023 Earnings Conference Call
IOWA CITY, Iowa, Oct. 13, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne” or the “Company”), parent company of MidWestOne Bank, today announced that its third quarter 2023 financial results will be released after market closes on...
MidWestOne Financial Group, Inc. Announces Strategic Acquisition in Denver
IOWA CITY, Iowa, Sept. 27, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive merger agreement to strategically reinvest the proceeds from the previously announced...
MidWestOne (MOFG) to Sell Its Florida Operations to DFCU
MidWestOne (MOFG) has agreed to sell its Florida operations to DFCU Financial.
MidWestOne Financial Group, Inc. Announces Sale of Florida Operations
IOWA CITY, Iowa, Sept. 25, 2023 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“MidWestOne”, “we”, “our”, or the “Company”) today announced that it has executed a definitive purchase and assumption agreement for the sale of its Florida operations...
KBRA Releases Surveillance Report for MidWestOne Financial Group, Inc.
NEW YORK--(BUSINESS WIRE)-- #KBRA--On June 22, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Iowa-based MidWestOne Financial Group, Inc. (NASDAQ: MOFG) (“MidWestOne”...
Source: https://incomestatements.info
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