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 |
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Edited Transcript of MOFG earnings conference call or presentation 1-May-20 4:00pm GMT
Q1 2020 Midwestone Financial Group Inc (IOWA) Earnings Call
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