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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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MidWestOne reports higher profit for fourth quarter, lower for full year


MidWestOne reports higher profit for fourth quarter, lower for full year
Monday, February 8, 2021 3:31 PM
Corridor Business Journal: MidWestOne Financial Group Inc. reported net profit for the fourth quarter of 2020 of $16.7 million. That compares with a net loss of $19.8 million in the third quarter and a profit of $13.4 million in 2019’s fourth quarter. Net income for the full year of 2020 was $6.6 million, or 41 cents per diluted common share, down from $43.6 million, or $2.93 per share, for all of 2019. ....

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