Midwestone Stock Price, News & Analysis

MidWestOne Financial Group (Nasdaq: MOFG) has scheduled its first quarter 2025 earnings release and conference call. The financial results will be released after market closes on Thursday, April 24, 2025, followed by a conference call discussion on Friday, April 25, 2025 at 11:00 a.m. Central Time.

Investors and analysts can pre-register for the call through a provided link or dial in directly. A live audio webcast will be accessible through the company's Investor Relations website. The conference call replay will be available until July 24, 2025, accessible both online and via telephone.

MidWestOne Financial Group (MOFG) reported Q4 2024 net income of $16.3 million ($0.78 per diluted share), with a return on average assets of 1.03%. Key highlights include:

- Net interest margin expanded to 3.43% with core net interest margin up 85 bps to 3.26%
- Efficiency ratio improved to 59.06% from 70.32% in Q3
- Noninterest bearing deposits increased 3.7%
- Asset quality improved with classified loan ratio down 54 bps to 2.57%

For full year 2024:
- Investment services and trust activities revenue grew 15.9% to $14.2 million
- Common equity tier 1 ratio improved 114 bps to 10.73%
- Completed capital raise with net proceeds of $118.6 million
- Net charge-off ratio was 0.07%

MidWestOne Financial Group (Nasdaq: MOFG) has announced its schedule for the release of fourth quarter 2024 financial results. The company will release its earnings report after market closes on Thursday, January 23, 2025.

A conference call to discuss the results is scheduled for Friday, January 24, 2025, at 11:00 a.m. Central Time. Investors and analysts can pre-register for the call through a provided link or dial in directly. The conference call will also be accessible via live audio webcast through the company's Investor Relations website.

A replay of the conference call will be available within four hours after conclusion and can be accessed both online and by phone until April 24, 2025.

MidWestOne Financial Group (MOFG) reported Q3 2024 results, highlighting a significant balance sheet repositioning. The company completed a common equity capital raise of $118.6 million and recognized a $140.4 million securities impairment. The quarter resulted in a net loss of $95.7 million, or $(6.05) per diluted share. Post quarter-end, MOFG sold $1.0 billion of debt securities yielding 1.58% and purchased $589.8 million of securities yielding 4.65%. The company's net interest margin expanded 10 basis points to 2.51%, with annualized loan growth of 3.9%. Noninterest bearing deposits increased 4.0%, while the nonperforming assets ratio improved to 0.39%.

MidWestOne Financial Group, Inc. (Nasdaq: MOFG) has announced the release date for its third quarter 2024 financial results. The results will be made public after market close on Thursday, October 24, 2024. Following this, the company will host a conference call to discuss these results on Friday, October 25, 2024, at 11:00 a.m. Central Time.

Investors and analysts can pre-register for the call using a provided link. On the day of the call, participants can also dial in directly. A live audio webcast will be accessible through the company's website. A replay of the conference call will be available until January 23, 2025, both online and via telephone.

MidWestOne Financial Group (Nasdaq: MOFG) reported its Q2 2024 financial results. The company achieved net income of $15.8 million, or $1.00 per diluted share, and revenue of $57.9 million, which included an $11.1 million gain from the sale of its Florida banking operations. Noninterest expense stood at $35.8 million, with $854,000 in merger-related costs.

Key highlights: the divestiture of Florida operations for a 7.5% deposit premium, and a 9% reduction in classified loans. The net interest margin increased to 2.41% from 2.33%. The tangible book value per share rose to $28.27.

Additionally, noninterest income surged by 121% from the previous quarter, largely due to the Florida sale. However, net interest income declined by 2% year-over-year, impacted by increased funding costs. Total assets decreased to $6.58 billion due to the sale of Florida operations.

MidWestOne Financial Group has announced the release of its second quarter 2024 financial results on July 25, 2024, after market close. The company will hold a conference call to discuss these results the following day, July 26, 2024, at 11:00 a.m. Central Time. Investors and analysts can pre-register for the call online and will receive access details via email. The call can also be accessed by dialing specific numbers and providing an access code. A live audio webcast of the call will be available through the company's Investor Relations section on its website. Additionally, a replay of the conference call will be accessible online and via telephone until October 24, 2024.

MidWestOne Financial Group (NASDAQ: MOFG) announces the hiring of three executive leaders: Paul Ho-Sing-Loy as Executive Vice President and Chief Information Officer, Steve Heimermann as Executive Vice President and Head of Wealth Management, and Elda Macias as Senior Vice President and Chief Marketing Officer. This move aligns with MidWestOne's new strategic plan focused on expertise, customer experience, and deep relationships. CEO Chip Reeves highlighted that these hires come at a time of significant transformation for the company, aiming to position MidWestOne as the bank of choice for small-to-mid-sized businesses. The new executives bring vast experience from reputable financial institutions and are expected to drive innovation and performance at MidWestOne.