MidWestOne Financial Group, Inc. (MOFG) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.midwestonefinancial.com

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

Is MidWestOne Financial Group (MOFG) a Great Value Stock Right Now?

January 28, 2022zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...