MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2024
MidWestOne Financial Group, Inc. (MOFG)
Last midwestone financial group, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
irsolutions.snl.com/mobile/home.aspx?iid=1021746
Company Research
Source: GlobeNewswire
IOWA CITY, Iowa, Jan. 23, 2025 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Summary1 Net income of $16.3 million, or $0.78 per diluted common share. Return on average assets of 1.03%.Net interest margin (tax equivalent) was 3.43%;2 Core net interest margin expanded 85 bps to 3.26%.2Efficiency ratio improved to 59.06%2 from 70.32%2 in the linked quarter. Noninterest bearing deposits and core deposits increased 3.7% and 2.3%, respectively.Classified loan ratio improved 54 bps to 2.57%; nonperforming assets ratio remained stable at 0.40%; net charge-off ratio was 0.06%.Common equity tier 1 ("CET1") ratio improved 82 bps to 10.73%. Full Year 2024 Summary1 Noninterest bearing deposits and core deposits increased 6.1% and 3.9%, respectively. Investment services and trust activities revenue increased 15.9% to $14.2 million.CET1 ratio improved 1
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News
- MidWestOne Financial Group (NASDAQ:MOFG) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- MidWestOne Financial Group (NASDAQ:MOFG) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "sell (d+)" rating to a "hold (c+)" rating.MarketBeat
- MidWestOne Financial Group (NASDAQ:MOFG) was downgraded by analysts at Stephens from a "strong-buy" rating to a "hold" rating.MarketBeat
- HALPER SADEH LLC ENCOURAGES NIC, MOFG, PINC SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTSPR Newswire
- MidWestOne Financial Group (NASDAQ:MOFG) had its price target raised by analysts at Keefe, Bruyette & Woods from $37.00 to $50.00. They now have an "outperform" rating on the stock.MarketBeat
MOFG
Earnings
- 10/23/25 - Beat
MOFG
Sec Filings
- 12/19/25 - Form DEFM14A
- 11/17/25 - Form 4
- 11/12/25 - Form SCHEDULE
- MOFG's page on the SEC website