MidWestOne: Q1 Earnings Snapshot : vimarsana.com

MidWestOne: Q1 Earnings Snapshot


MidWestOne: Q1 Earnings Snapshot
April 22, 2021 GMT
IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported first-quarter net income of $21.6 million, after reporting a loss in the same period a year earlier.
The Iowa City, Iowa-based bank said it had earnings of $1.35 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The holding company for MidWestOne Bank posted revenue of $56 million in the period. Its revenue net of interest expense was $50.4 million, which also topped Street forecasts.
MidWestOne shares have increased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.07, a climb of 61% in the last 12 months.

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