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MidWestOne Financial Group Inc - MOFG STOCK NEWS

Welcome to our dedicated news page for MidWestOne Financial Group (Ticker: MOFG), a resource for investors and traders seeking the latest updates and insights on MidWestOne Financial Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MidWestOne Financial Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MidWestOne Financial Group's position in the market.

Rhea-AI Summary
MidWestOne Financial Group, Inc. (MOFG) has completed the acquisition of Denver Bankshares, Inc. The acquisition was effective January 31, 2024, with DNVB shareholders receiving $462.42 in cash for each share of DNVB stock. The total deal consideration was $32.6 million, resulting in a pro forma total assets of approximately $6.7 billion for MidWestOne. The company received financial advisory services from Piper Sandler & Co. and legal counsel from Barack Ferrazzano Kirschbaum & Nagelberg LLP.
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Rhea-AI Summary
MidWestOne Financial Group, Inc. (MOFG) reported a net income of $2.7 million for Q4 2023, or $0.17 per diluted common share. The company sold $115.2 million of securities, with an annualized loan growth of 6.1% and an increase in deposits. The full year 2023 net income was $20.9 million, or $1.33 per diluted common share. The company received all regulatory approvals for the acquisition of Denver Bankshares, Inc. The CEO commented on the balance sheet trends, core deposit growth, and strategic initiatives to improve performance.
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Rhea-AI Summary
MidWestOne Financial Group, Inc. (Nasdaq: MOFG) announced the release of its fourth quarter 2023 financial results on January 25, 2024, followed by a conference call on January 26, 2024. Investors and analysts can pre-register for the call and access details via email. A live audio webcast and a replay of the conference call will also be available through the Company's website.
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MidWestOne Financial Group, Inc. reports Q3 2023 results with net income of $9.1 million and annualized loan growth of 4.8%. Company announces sale of Florida operations and acquisition of Denver Bankshares, Inc. CEO confident in strategic plan execution.
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-1.51%
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Rhea-AI Summary
MidWestOne Financial Group, Inc. (Nasdaq: MOFG) to release Q3 2023 financial results on Oct 26, 2023.
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Rhea-AI Summary
MidWestOne Financial Group announces definitive merger agreement with Denver Bankshares, expects 13.4% EPS accretion in 2024 and 10.2% in 2025. Will pay $32.6 million in cash to acquire Denver Bankshares. Tangible book value per share dilution expected to be 3.7% at closing. Denver Bankshares has $271.5 million in assets, $198.0 million in loans, and $242.0 million in deposits. The combined transactions will provide improved scale and expansion opportunities. Bank of Denver is the 6th largest community bank in the Denver market with 32.8% non-interest-bearing deposits and a cost of deposits of 0.98%.
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3.93%
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acquisition
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MidWestOne Financial Group, Inc. is divesting its Florida operations in an all cash deal with DFCU Financial. The sale includes a deposit premium of 7.5% ($11.9 million) and the transfer of $158.8 million in deposits and $162.2 million in gross loans. The transaction is expected to close in Q2 2024.
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Rhea-AI Summary
KBRA affirms ratings for MidWestOne Financial Group, Inc.
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-3.34%
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Rhea-AI Summary
MidWestOne Financial Group, Inc. (Nasdaq: MOFG) will release its second quarter 2023 financial results on August 1, 2023. A conference call to discuss the results will be held at 11:00 a.m. Central Time. Investors and analysts can pre-register for the call and access the webcast through the Company's website. A replay of the call will be available.
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Rhea-AI Sentiment
End-of-Day
-0.71%
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earnings
MidWestOne Financial Group Inc

Nasdaq:MOFG

MOFG Rankings

MOFG Stock Data

370.14M
10.19M
8.67%
66.7%
0.41%
Commercial Banking
Finance and Insurance
Link
United States
Iowa City

About MOFG

midwestone bank was founded in 1934 with the mission statement "to take care of our customers...and those who should be."​ this is the same mission today. headquartered in iowa city, iowa, midwestone bank operates 44 banking locations in iowa, minnesota, wisconsin, florida and colorado. as a community bank, midwestone focuses on fulfilling all of the possible financial needs of a customer by offering personal banking, small business banking, wealth management, mortgage, and more. midwestone bank is wholly owned by the holding company, midwestone financial group, inc. (mofg). mofg is publicly traded on nasdaq. member fdic. equal housing lender. at midwestone...you're the one.