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MidWestOne Financial Group (MOFG) Financials

MidWestOne Financial Group logo
$27.39 +0.34 (+1.26%)
Closing price 04:00 PM Eastern
Extended Trading
$27.41 +0.02 (+0.07%)
As of 04:04 PM Eastern
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Annual Income Statements for MidWestOne Financial Group

Annual Income Statements for MidWestOne Financial Group

This table shows MidWestOne Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 61 21 -60
Consolidated Net Income / (Loss)		 61 21 -60
Net Income / (Loss) Continuing Operations		 61 21 -60
Total Pre-Tax Income 		77 25 -84
Total Revenue		 214 163 69
Net Interest Income / (Expense)		 166 144 158
Total Interest Income		 197 250 294
Loans and Leases Interest Income		 148 202 245
Investment Securities Interest Income		 48 47 44
Other Interest Income		 0.08 0.92 5.21
Total Interest Expense		 30 105 137
Deposits Interest Expense		 20 86 113
Short-Term Borrowings Interest Expense		 3.07 11 16
Long-Term Debt Interest Expense		 7.09 8.56 8.09
Total Non-Interest Income		 48 18 -88
Trust Fees by Commissions		 11 12 14
Other Service Charges		 23 18 22
Net Realized & Unrealized Capital Gains on Investments		 0.27 -19 -140
Other Non-Interest Income		 13 7.20 16
Provision for Credit Losses		 4.49 5.85 8.78
Total Non-Interest Expense		 133 132 144
Salaries and Employee Benefits		 78 76 83
Net Occupancy & Equipment Expense		 25 25 27
Marketing Expense		 4.27 3.61 2.65
Property & Liability Insurance Claims		 1.66 3.29 3.90
Other Operating Expenses		 18 17 22
Amortization Expense		 6.07 6.25 6.15
Income Tax Expense		 16 3.97 -24
Basic Earnings per Share		 $3.89 $1.33 ($3.54)
Weighted Average Basic Shares Outstanding		 15.68M 15.75M 20.82M
Diluted Earnings per Share		 $3.87 $1.33 ($3.54)
Weighted Average Diluted Shares Outstanding		 15.68M 15.75M 20.82M
Weighted Average Basic & Diluted Shares Outstanding		 15.68M 15.75M 20.82M
Cash Dividends to Common per Share		 $0.95 $0.97 $0.97

Quarterly Income Statements for MidWestOne Financial Group

This table shows MidWestOne Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 18 16 1.40 7.59 9.14 2.73 3.27 16 -96 16
Consolidated Net Income / (Loss)		 18 16 1.40 7.59 9.14 2.73 3.27 16 -96 16
Net Income / (Loss) Continuing Operations		 18 16 1.40 7.59 9.14 2.73 3.27 16 -96 16
Total Pre-Tax Income 		23 19 1.78 9.19 11 2.52 4.23 21 -130 21
Total Revenue		 58 55 36 46 44 36 44 58 -93 60
Net Interest Income / (Expense)		 46 44 40 37 35 33 35 36 38 49
Total Interest Income		 53 57 59 61 64 65 70 73 74 78
Loans and Leases Interest Income		 40 44 46 50 52 54 58 62 63 62
Investment Securities Interest Income		 13 13 13 12 11 11 11 11 10 12
Other Interest Income		 0.01 - 0.24 0.07 0.37 0.23 0.42 0.24 0.79 3.76
Total Interest Expense		 7.69 13 19 24 29 33 35 36 36 29
Deposits Interest Expense		 5.04 9.13 15 20 23 27 28 29 29 27
Short-Term Borrowings Interest Expense		 0.77 1.96 1.79 2.12 3.72 3.50 4.98 5.41 5.04 0.12
Long-Term Debt Interest Expense		 1.89 2.11 2.12 2.15 2.15 2.13 2.10 2.08 2.02 1.89
Total Non-Interest Income		 13 11 -4.05 8.75 9.86 3.86 9.75 22 -130 11
Trust Fees by Commissions		 2.88 2.67 2.93 3.12 3.00 3.19 3.50 3.50 3.41 3.78
Other Service Charges		 7.57 6.67 4.17 4.10 4.69 4.80 4.70 16 5.51 -4.04
Net Realized & Unrealized Capital Gains on Investments		 -0.16 -0.00 -13 -0.00 0.08 -5.70 0.04 0.03 -140 0.16
Other Non-Interest Income		 2.30 1.60 2.02 1.53 2.09 1.57 1.52 2.19 0.88 11
Provision for Credit Losses		 0.64 0.57 0.93 1.60 1.55 1.77 4.69 1.27 1.54 1.29
Total Non-Interest Expense		 35 34 33 35 32 32 36 36 36 37
Salaries and Employee Benefits		 20 20 20 20 19 18 21 21 20 21
Net Occupancy & Equipment Expense		 6.67 6.37 6.28 6.53 6.03 6.19 6.77 6.61 6.51 7.18
Marketing Expense		 1.14 0.95 0.99 1.14 0.78 0.70 0.60 0.64 0.62 0.79
Property & Liability Insurance Claims		 0.42 0.41 0.75 0.86 0.78 0.90 0.94 1.05 0.92 0.98
Other Operating Expenses		 4.57 4.52 3.95 4.41 3.93 5.05 4.69 4.89 6.33 6.29
Amortization Expense		 1.79 1.77 1.75 1.59 1.46 1.44 1.64 1.59 1.47 1.45
Income Tax Expense		 4.74 3.49 0.38 1.60 2.20 -0.21 0.96 5.05 -34 4.78
Basic Earnings per Share		 $1.17 $1.02 $0.09 $0.48 $0.58 $0.18 $0.21 $1.00 ($6.05) $1.30
Weighted Average Basic Shares Outstanding		 - 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M
Diluted Earnings per Share		 $1.17 $1.02 $0.09 $0.48 $0.58 $0.18 $0.21 $1.00 ($6.05) $1.30
Weighted Average Diluted Shares Outstanding		 - 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M
Weighted Average Basic & Diluted Shares Outstanding		 - 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M

Annual Cash Flow Statements for MidWestOne Financial Group

This table details how cash moves in and out of MidWestOne Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -117 -4.71 123
Net Cash From Operating Activities		 90 63 63
Net Cash From Continuing Operating Activities		 90 63 63
Net Income / (Loss) Continuing Operations		 61 21 -60
Consolidated Net Income / (Loss)		 61 21 -60
Provision For Loan Losses		 4.49 5.85 8.78
Depreciation Expense		 10 13 7.70
Non-Cash Adjustments to Reconcile Net Income		 14 18 105
Changes in Operating Assets and Liabilities, net		 1.32 5.49 2.36
Net Cash From Investing Activities		 -273 130 312
Net Cash From Continuing Investing Activities		 -273 130 312
Purchase of Property, Leasehold Improvements and Equipment		 -2.66 -4.06 -2.40
Purchase of Investment Securities		 -669 -381 -1,021
Sale of Property, Leasehold Improvements and Equipment		 0.03 1.24 0.01
Divestitures		 0.00 0.00 44
Sale and/or Maturity of Investments		 398 514 1,292
Net Cash From Financing Activities		 66 -197 -252
Net Cash From Continuing Financing Activities		 66 -197 -252
Net Change in Deposits		 -109 -73 -9.09
Issuance of Debt		 234 -92 -330
Issuance of Common Equity		 0.00 0.00 119
Repayment of Debt		 -41 -16 -14
Repurchase of Common Equity		 -2.73 0.00 0.00
Payment of Dividends		 -15 -15 -17
Other Financing Activities, Net		 -0.45 -0.79 -0.81
Cash Interest Paid		 28 98 140
Cash Income Taxes Paid		 13 3.44 7.53

Quarterly Cash Flow Statements for MidWestOne Financial Group

This table details how cash moves in and out of MidWestOne Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 -5.35 7.92 -17 75 -70 6.94 16 3.81 100 3.03
Net Cash From Operating Activities		 28 18 18 23 15 6.74 9.59 25 -2.76 31
Net Cash From Continuing Operating Activities		 28 18 18 23 15 6.74 9.59 25 -2.76 31
Net Income / (Loss) Continuing Operations		 18 16 1.40 7.59 9.14 2.73 3.27 16 -96 16
Consolidated Net Income / (Loss)		 18 16 1.40 7.59 9.14 2.73 3.27 16 -96 16
Provision For Loan Losses		 0.64 0.57 0.93 1.60 1.55 1.77 4.69 1.27 1.54 1.29
Depreciation Expense		 1.90 2.65 2.89 3.32 3.21 3.15 2.99 2.76 2.52 -0.57
Non-Cash Adjustments to Reconcile Net Income		 4.53 -0.23 11 0.34 0.21 6.44 -1.17 -12 104 14
Changes in Operating Assets and Liabilities, net		 2.86 -0.99 1.56 10 0.83 -7.35 -0.19 17 -15 0.34
Net Cash From Investing Activities		 -74 -71 133 -40 -9.31 47 -38 38 36 277
Net Cash From Continuing Investing Activities		 -74 -71 133 -40 -9.31 47 -38 38 36 277
Purchase of Property, Leasehold Improvements and Equipment		 -0.71 -0.68 -0.40 -0.90 -0.97 -1.78 -0.52 -0.63 -0.22 -1.04
Purchase of Investment Securities		 -134 -65 -133 -99 -48 -102 -128 -46 -42 -805
Sale and/or Maturity of Investments		 60 27 265 59 39 150 91 41 78 1,083
Net Cash From Financing Activities		 41 61 -167 92 -75 -46 45 -59 67 -305
Net Cash From Continuing Financing Activities		 41 61 -167 92 -75 -46 45 -59 67 -305
Net Change in Deposits		 -61 -7.88 86 -110 -82 32 -35 -40 -44 109
Issuance of Debt		 - 209 -248 218 30 -92 85 -8.30 -0.87 -406
Repayment of Debt		 106 -137 -1.29 -12 -19 17 -1.25 -7.35 -3.05 -2.80
Payment of Dividends		 -3.71 -3.71 -3.80 -3.80 -3.81 -3.81 -3.82 -3.83 -3.83 -5.04
Other Financing Activities, Net		 -0.15 -0.05 -0.55 -0.09 -0.10 -0.05 -0.57 0.05 -0.29 -0.00
Cash Interest Paid		 8.12 10 17 22 27 32 33 31 33 43
Cash Income Taxes Paid		 2.06 4.99 - - 0.34 1.98 - - 5.29 -0.09

Annual Balance Sheets for MidWestOne Financial Group

This table presents MidWestOne Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 6,578 6,428 6,236
Cash and Due from Banks		 84 76 72
Federal Funds Sold		 0.00 0.01 0.00
Interest Bearing Deposits at Other Banks		 2.45 5.48 133
Trading Account Securities		 2,283 1,870 1,328
Loans and Leases, Net of Allowance		 3,791 4,075 4,260
Loans and Leases		 3,841 4,127 4,316
Allowance for Loan and Lease Losses		 49 52 55
Loans Held for Sale		 0.61 1.05 0.75
Premises and Equipment, Net		 87 86 91
Goodwill		 62 62 70
Intangible Assets		 30 24 25
Other Assets		 237 227 256
Total Liabilities & Shareholders' Equity		 6,578 6,428 6,236
Total Liabilities		 6,085 5,903 5,677
Non-Interest Bearing Deposits		 1,053 897 951
Interest Bearing Deposits		 4,415 4,499 4,527
Short-Term Debt		 392 300 3.19
Long-Term Debt		 139 123 113
Other Long-Term Liabilities		 85 84 82
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 493 524 560
Total Preferred & Common Equity		 493 524 560
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 493 524 560
Common Stock		 319 319 437
Retained Earnings		 289 295 218
Treasury Stock		 -26 -24 -22
Accumulated Other Comprehensive Income / (Loss)		 -89 -65 -73

Quarterly Balance Sheets for MidWestOne Financial Group

This table presents MidWestOne Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
Total Assets		 6,410 6,521 6,468 6,748 6,582 6,552
Cash and Due from Banks		 64 76 71 68 66 72
Federal Funds Sold		 - - - 0.00 0.00 0.00
Interest Bearing Deposits at Other Banks		 5.27 69 3.77 29 35 130
Trading Account Securities		 2,072 2,003 1,959 1,862 1,824 1,623
Loans and Leases, Net of Allowance		 3,870 3,968 4,014 4,359 4,233 4,275
Loans and Leases		 3,919 4,019 4,066 4,415 4,287 4,329
Allowance for Loan and Lease Losses		 50 50 52 56 54 54
Loans Held for Sale		 2.55 2.82 2.53 2.33 2.85 3.28
Premises and Equipment, Net		 86 86 86 96 92 91
Goodwill		 62 62 62 71 69 70
Intangible Assets		 29 27 26 30 28 26
Other Assets		 220 227 244 230 231 262
Total Liabilities & Shareholders' Equity		 6,410 6,521 6,468 6,748 6,582 6,552
Total Liabilities		 6,899 6,020 5,962 6,220 6,038 5,990
Non-Interest Bearing Deposits		 6,545 898 924 921 882 918
Interest Bearing Deposits		 - 4,548 4,439 4,664 4,530 4,451
Short-Term Debt		 144 362 374 423 415 411
Long-Term Debt		 138 126 125 122 115 115
Other Long-Term Liabilities		 72 87 101 90 96 96
Total Equity & Noncontrolling Interests		 501 501 505 528 543 562
Total Preferred & Common Equity		 501 501 505 528 543 562
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 501 501 505 528 543 562
Common Stock		 318 318 318 317 317 437
Retained Earnings		 287 291 296 294 306 206
Treasury Stock		 -25 -25 -24 -23 -22 -22
Accumulated Other Comprehensive Income / (Loss)		 -79 -83 -85 -61 -58 -59

Annual Metrics And Ratios for MidWestOne Financial Group

This table displays calculated financial ratios and metrics derived from MidWestOne Financial Group's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 7.62% -23.98% -57.38%
EBITDA Growth		 -4.71% -56.89% -303.96%
EBIT Growth		 -14.40% -67.58% -438.21%
NOPAT Growth		 -12.45% -65.71% -381.85%
Net Income Growth		 -12.45% -65.71% -389.03%
EPS Growth		 -11.44% -65.63% -366.17%
Operating Cash Flow Growth		 -19.03% -30.73% 0.98%
Free Cash Flow Firm Growth		 -161.88% 197.46% 119.93%
Invested Capital Growth		 18.54% -7.42% -28.66%
Revenue Q/Q Growth		 0.00% -10.01% 50.84%
EBITDA Q/Q Growth		 0.00% -30.57% 16.31%
EBIT Q/Q Growth		 0.00% -40.60% 18.12%
NOPAT Q/Q Growth		 0.00% -38.89% 18.12%
Net Income Q/Q Growth		 0.00% -38.89% 18.41%
EPS Q/Q Growth		 0.00% -38.71% 24.03%
Operating Cash Flow Q/Q Growth		 0.00% -15.27% 62.85%
Free Cash Flow Firm Q/Q Growth		 -111.38% 109.98% 236.62%
Invested Capital Q/Q Growth		 0.00% -5.57% -37.84%
Profitability Metrics		 - - -
EBITDA Margin		 40.56% 23.01% -110.10%
EBIT Margin		 35.81% 15.27% -121.21%
Profit (Net Income) Margin		 28.44% 12.83% -87.01%
Tax Burden Percent		 79.42% 84.00% 71.78%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 20.58% 16.00% 0.00%
Return on Invested Capital (ROIC)		 6.45% 2.12% -7.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.45% 2.12% -7.79%
Return on Net Nonoperating Assets (RNNOA)		 5.48% 1.99% -3.88%
Return on Equity (ROE)		 11.93% 4.10% -11.12%
Cash Return on Invested Capital (CROIC)		 -10.52% 9.82% 26.21%
Operating Return on Assets (OROA)		 1.22% 0.38% -1.33%
Return on Assets (ROA)		 0.97% 0.32% -0.95%
Return on Common Equity (ROCE)		 11.93% 4.10% -11.12%
Return on Equity Simple (ROE_SIMPLE)		 12.34% 3.98% -10.77%
Net Operating Profit after Tax (NOPAT)		 61 21 -59
NOPAT Margin		 28.44% 12.83% -84.85%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.55%
SG&A Expenses to Revenue		 49.99% 64.61% 162.01%
Operating Expenses to Revenue		 62.09% 81.13% 208.54%
Earnings before Interest and Taxes (EBIT)		 77 25 -84
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 87 37 -76
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.92 0.77 1.07
Price to Tangible Book Value (P/TBV)		 1.13 0.92 1.29
Price to Revenue (P/Rev)		 2.12 2.48 8.66
Price to Earnings (P/E)		 7.46 19.34 0.00
Dividend Yield		 3.27% 3.77% 3.36%
Earnings Yield		 13.41% 5.17% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.79 0.76
Enterprise Value to Revenue (EV/Rev)		 4.20 4.58 7.39
Enterprise Value to EBITDA (EV/EBITDA)		 10.36 19.92 0.00
Enterprise Value to EBIT (EV/EBIT)		 11.73 30.01 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 14.77 35.72 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 9.95 11.91 8.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 7.70 2.40
Leverage & Solvency		 - - -
Debt to Equity		 1.08 0.81 0.21
Long-Term Debt to Equity		 0.28 0.24 0.20
Financial Leverage		 0.85 0.94 0.50
Leverage Ratio		 12.35 12.79 11.68
Compound Leverage Factor		 12.35 12.79 11.68
Debt to Total Capital		 51.87% 44.68% 17.24%
Short-Term Debt to Total Capital		 38.27% 31.68% 0.47%
Long-Term Debt to Total Capital		 13.60% 13.01% 16.77%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.13% 55.32% 82.76%
Debt to EBITDA		 6.12 11.32 -1.53
Net Debt to EBITDA		 5.13 9.14 1.16
Long-Term Debt to EBITDA		 1.60 3.30 -1.49
Debt to NOPAT		 8.73 20.31 -1.98
Net Debt to NOPAT		 7.31 16.39 1.50
Long-Term Debt to NOPAT		 2.29 5.91 -1.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -99 97 213
Operating Cash Flow to CapEx		 3,429.31% 2,222.74% 2,635.96%
Free Cash Flow to Firm to Interest Expense		 -3.27 0.92 1.56
Operating Cash Flow to Interest Expense		 2.97 0.59 0.46
Operating Cash Flow Less CapEx to Interest Expense		 2.88 0.57 0.44
Efficiency Ratios		 - - -
Asset Turnover		 0.03 0.03 0.01
Fixed Asset Turnover		 2.51 1.88 0.78
Capital & Investment Metrics		 - - -
Invested Capital		 1,024 948 676
Invested Capital Turnover		 0.23 0.16 0.09
Increase / (Decrease) in Invested Capital		 160 -76 -272
Enterprise Value (EV)		 898 745 512
Market Capitalization		 454 403 600
Book Value per Share		 $31.44 $33.42 $26.94
Tangible Book Value per Share		 $25.52 $27.90 $22.38
Total Capital		 1,024 948 676
Total Debt		 531 424 117
Total Long-Term Debt		 139 123 113
Net Debt		 445 342 -88
Capital Expenditures (CapEx)		 2.63 2.82 2.40
Net Nonoperating Expense (NNE)		 0.00 0.00 1.50
Net Nonoperating Obligations (NNO)		 531 424 117
Total Depreciation and Amortization (D&A)		 10 13 7.70
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.89 $1.33 ($3.54)
Adjusted Weighted Average Basic Shares Outstanding		 15.68M 15.75M 20.82M
Adjusted Diluted Earnings per Share		 $3.87 $1.33 ($3.54)
Adjusted Weighted Average Diluted Shares Outstanding		 15.68M 15.75M 20.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 15.68M 15.75M 20.82M
Normalized Net Operating Profit after Tax (NOPAT)		 61 21 -59
Normalized NOPAT Margin		 28.44% 12.83% -84.85%
Pre Tax Income Margin		 35.81% 15.27% -121.21%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 2.52 0.24 -0.61
NOPAT to Interest Expense		 2.00 0.20 -0.43
EBIT Less CapEx to Interest Expense		 2.43 0.21 -0.63
NOPAT Less CapEx to Interest Expense		 1.91 0.17 -0.45
Payout Ratios		 - - -
Dividend Payout Ratio		 24.44% 72.95% -27.38%
Augmented Payout Ratio		 28.92% 72.95% -27.38%

Quarterly Metrics And Ratios for MidWestOne Financial Group

This table displays calculated financial ratios and metrics derived from MidWestOne Financial Group's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 0.00% -26.44% -12.22% -23.81% -33.18% 23.46% 26.68% -308.99% 64.12%
EBITDA Growth		 23.19% 0.00% -76.43% -36.98% -41.69% -74.38% 54.62% 88.94% -977.31% 262.00%
EBIT Growth		 10.74% 0.00% -89.74% -44.98% -50.82% -87.06% 137.74% 127.08% -1,248.05% 737.11%
NOPAT Growth		 12.30% 0.00% -89.95% -39.83% -50.11% -82.94% 134.00% 108.31% -1,097.37% 498.17%
Net Income Growth		 0.00% 0.00% -89.95% -39.83% -50.11% -82.94% 134.00% 108.31% -1,147.35% 498.17%
EPS Growth		 0.00% 0.00% -89.77% -40.00% -50.43% -82.35% 133.33% 108.33% -1,143.10% 622.22%
Operating Cash Flow Growth		 187.98% 0.00% -32.77% 30.11% -47.08% -62.60% -45.52% 8.34% -118.45% 362.02%
Free Cash Flow Firm Growth		 1,135.13% -258.39% 1,240.02% -268.02% -211.65% 154.57% -223.49% 51.42% 82.39% 266.11%
Invested Capital Growth		 -100.00% 18.54% -125.06% 17.49% 0.00% -7.42% 618.76% 8.46% 8.37% -28.66%
Revenue Q/Q Growth		 12.00% -6.54% -33.89% 26.86% -2.78% -18.04% 22.13% 30.17% -260.39% 164.37%
EBITDA Q/Q Growth		 25.75% -11.29% -78.91% 167.89% 16.36% -61.01% 27.23% 227.37% -640.27% 116.09%
EBIT Q/Q Growth		 38.02% -15.47% -90.88% 416.99% 23.38% -77.76% 67.61% 393.80% -723.77% 116.22%
NOPAT Q/Q Growth		 45.13% -12.64% -91.27% 443.59% 20.33% -70.12% 19.74% 383.91% -676.14% 117.92%
Net Income Q/Q Growth		 45.13% -12.64% -91.27% 443.59% 20.33% -70.12% 19.74% 383.91% -705.01% 117.06%
EPS Q/Q Growth		 46.25% -12.82% -91.18% 433.33% 20.83% -68.97% 16.67% 376.19% -705.00% 121.49%
Operating Cash Flow Q/Q Growth		 57.78% -36.24% -2.28% 32.33% -35.82% -54.93% 42.34% 163.16% -110.93% 1,228.43%
Free Cash Flow Firm Q/Q Growth		 971.88% -116.18% 817.16% -113.51% -612.27% 107.91% -1,722.87% 94.69% -158.19% 264.42%
Invested Capital Q/Q Growth		 -100.00% 0.00% -120.20% 578.18% 1.49% -5.57% 13.20% -0.03% 1.41% -37.84%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 42.80% 40.63% 12.96% 27.37% 32.75% 15.58% 16.23% 40.82% 0.00% 34.36%
EBIT Margin		 39.54% 35.76% 4.93% 20.11% 25.52% 6.92% 9.50% 36.05% 0.00% 35.32%
Profit (Net Income) Margin		 31.41% 29.36% 3.88% 16.61% 20.56% 7.50% 7.35% 27.32% 0.00% 27.32%
Tax Burden Percent		 79.43% 82.10% 78.57% 82.62% 80.57% 108.25% 77.34% 75.79% 73.51% 77.35%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.57% 17.90% 21.43% 17.38% 19.43% -8.25% 22.66% 24.21% 0.00% 22.65%
Return on Invested Capital (ROIC)		 0.00% 6.65% 2.52% 3.53% 7.40% 1.24% 2.90% 4.86% 0.00% 2.33%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 6.65% 2.52% 3.53% 7.40% 1.24% 2.90% 4.86% 0.00% 2.33%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 5.66% -0.97% 3.00% 7.30% 1.16% -0.46% 4.73% 0.00% 1.16%
Return on Equity (ROE)		 0.00% 12.31% 1.55% 6.53% 14.70% 2.40% 2.44% 9.58% 0.00% 3.49%
Cash Return on Invested Capital (CROIC)		 200.00% -10.52% 0.00% -11.35% -193.20% 9.82% -117.16% -5.11% -14.90% 26.21%
Operating Return on Assets (OROA)		 0.00% 1.21% 0.16% 0.60% 1.43% 0.17% 0.25% 1.01% 0.00% 0.39%
Return on Assets (ROA)		 0.00% 1.00% 0.13% 0.50% 1.15% 0.19% 0.19% 0.76% 0.00% 0.30%
Return on Common Equity (ROCE)		 0.00% 12.31% 1.55% 6.53% 14.70% 2.40% 2.44% 9.58% 0.00% 3.49%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 9.65% 8.64% 6.75% 0.00% 4.30% 5.70% -13.14% 0.00%
Net Operating Profit after Tax (NOPAT)		 18 16 1.40 7.59 9.14 2.73 3.27 16 -91 16
NOPAT Margin		 31.41% 29.36% 3.88% 16.61% 20.56% 7.50% 7.35% 27.32% 0.00% 27.32%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.89% 0.00%
SG&A Expenses to Revenue		 47.75% 50.91% 74.59% 61.39% 57.10% 67.94% 63.62% 48.76% 0.00% 47.94%
Operating Expenses to Revenue		 59.37% 63.19% 92.48% 76.40% 70.99% 88.22% 79.96% 61.76% 0.00% 62.52%
Earnings before Interest and Taxes (EBIT)		 23 19 1.78 9.19 11 2.52 4.23 21 -130 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 25 22 4.67 13 15 5.67 7.22 24 -128 21
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.92 0.72 0.64 0.61 0.77 0.69 0.65 0.80 1.07
Price to Tangible Book Value (P/TBV)		 0.00 1.13 0.88 0.78 0.73 0.92 0.85 0.79 0.97 1.29
Price to Revenue (P/Rev)		 0.00 2.12 1.80 1.65 1.69 2.48 2.13 1.93 9.80 8.66
Price to Earnings (P/E)		 0.00 7.46 7.48 7.40 8.96 19.34 16.06 11.45 0.00 0.00
Dividend Yield		 3.69% 3.27% 4.14% 4.70% 4.95% 3.77% 4.19% 4.31% 3.40% 3.36%
Earnings Yield		 0.00% 13.41% 13.37% 13.52% 11.16% 5.17% 6.23% 8.74% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.88 0.00 0.67 0.73 0.79 0.76 0.73 0.71 0.76
Enterprise Value to Revenue (EV/Rev)		 0.00 4.20 2.86 3.41 4.04 4.58 4.75 4.27 16.85 7.39
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 10.36 8.02 10.32 13.54 19.92 20.33 15.32 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 11.73 9.41 12.40 17.45 30.01 29.77 20.08 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.77 11.88 15.32 21.37 35.72 35.74 25.27 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 9.95 7.02 7.62 9.88 11.91 14.89 13.85 19.95 8.10
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.45 0.00 0.53 0.00 0.00 7.70 0.00 0.00 0.00 2.40
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 1.08 0.56 0.97 0.99 0.81 1.03 0.97 0.94 0.21
Long-Term Debt to Equity		 0.00 0.28 0.28 0.25 0.25 0.24 0.23 0.21 0.20 0.20
Financial Leverage		 0.65 0.85 -0.38 0.85 0.99 0.94 -0.16 0.97 0.96 0.50
Leverage Ratio		 11.08 12.35 12.31 13.09 12.80 12.79 12.79 12.54 12.20 11.68
Compound Leverage Factor		 11.08 12.35 12.31 13.09 12.80 12.79 12.79 12.54 12.20 11.68
Debt to Total Capital		 0.00% 51.87% 36.03% 49.32% 49.65% 44.68% 50.79% 49.36% 48.32% 17.24%
Short-Term Debt to Total Capital		 0.00% 38.27% 18.40% 36.60% 37.25% 31.68% 39.42% 38.65% 37.74% 0.47%
Long-Term Debt to Total Capital		 0.00% 13.60% 17.63% 12.71% 12.40% 13.01% 11.38% 10.70% 10.58% 16.77%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 48.13% 63.97% 50.68% 50.35% 55.32% 49.21% 50.64% 51.68% 82.76%
Debt to EBITDA		 0.00 6.12 3.94 7.59 9.25 11.32 13.64 10.37 -5.77 -1.53
Net Debt to EBITDA		 0.00 5.13 2.97 5.34 7.86 9.14 11.19 8.38 -3.55 1.16
Long-Term Debt to EBITDA		 0.00 1.60 1.93 1.96 2.31 3.30 3.06 2.25 -1.26 -1.49
Debt to NOPAT		 0.00 8.73 5.83 11.26 14.61 20.31 23.98 17.11 -7.32 -1.98
Net Debt to NOPAT		 0.00 7.31 4.40 7.93 12.41 16.39 19.68 13.82 -4.51 1.50
Long-Term Debt to NOPAT		 0.00 2.29 2.85 2.90 3.65 5.91 5.37 3.71 -1.60 -1.93
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 891 -144 1,034 -140 -995 79 -1,277 -68 -175 288
Operating Cash Flow to CapEx		 3,966.71% 2,660.12% 7,963.35% 11,305.34% 1,536.07% 476.04% 1,847.40% 4,050.08% -1,265.14% 3,001.16%
Free Cash Flow to Firm to Interest Expense		 115.89 -10.93 53.76 -5.73 -34.31 2.40 -36.68 -1.86 -4.84 9.82
Operating Cash Flow to Interest Expense		 3.67 1.37 0.92 0.95 0.52 0.21 0.28 0.69 -0.08 1.06
Operating Cash Flow Less CapEx to Interest Expense		 3.58 1.31 0.90 0.95 0.48 0.16 0.26 0.68 -0.08 1.03
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.03 0.03 0.03 0.06 0.03 0.03 0.03 0.01 0.01
Fixed Asset Turnover		 0.00 2.51 2.38 2.23 0.00 1.88 1.88 2.06 0.52 0.78
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 1,024 -207 989 1,004 948 1,073 1,073 1,088 676
Invested Capital Turnover		 0.00 0.23 0.65 0.21 0.36 0.16 0.39 0.18 0.04 0.09
Increase / (Decrease) in Invested Capital		 -873 160 -1,032 147 1,004 -76 1,280 84 84 -272
Enterprise Value (EV)		 397 898 574 664 730 745 812 782 774 512
Market Capitalization		 397 454 361 320 306 403 365 354 450 600
Book Value per Share		 $0.00 $31.44 $31.94 $31.98 $32.22 $33.42 $33.53 $34.48 $35.64 $26.94
Tangible Book Value per Share		 $0.00 $25.52 $26.13 $26.28 $26.61 $27.90 $27.14 $28.31 $29.54 $22.38
Total Capital		 0.00 1,024 783 989 1,004 948 1,073 1,073 1,088 676
Total Debt		 0.00 531 282 488 498 424 545 530 526 117
Total Long-Term Debt		 0.00 139 138 126 125 123 122 115 115 113
Net Debt		 0.00 445 213 343 424 342 447 428 324 -88
Capital Expenditures (CapEx)		 0.71 0.68 0.22 0.21 0.97 1.42 0.52 0.62 0.22 1.04
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.57 0.00
Net Nonoperating Obligations (NNO)		 0.00 531 -708 488 498 424 545 530 526 117
Total Depreciation and Amortization (D&A)		 1.90 2.65 2.89 3.32 3.21 3.15 2.99 2.76 2.52 -0.57
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $1.02 $0.09 $0.48 $0.58 $0.18 $0.21 $1.00 ($6.05) $1.30
Adjusted Weighted Average Basic Shares Outstanding		 0.00 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M
Adjusted Diluted Earnings per Share		 $0.00 $1.02 $0.09 $0.48 $0.58 $0.18 $0.21 $1.00 ($6.05) $1.30
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 15.68M 15.68M 15.69M 15.69M 15.75M 15.76M 15.77M 20.77M 20.82M
Normalized Net Operating Profit after Tax (NOPAT)		 18 16 1.40 7.59 9.14 1.77 3.27 16 -91 16
Normalized NOPAT Margin		 31.41% 29.36% 3.88% 16.61% 20.56% 4.85% 7.35% 27.32% 0.00% 27.32%
Pre Tax Income Margin		 39.54% 35.76% 4.93% 20.11% 25.52% 6.92% 9.50% 36.05% 0.00% 35.32%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 3.00 1.48 0.09 0.38 0.39 0.08 0.12 0.57 -3.60 0.72
NOPAT to Interest Expense		 2.38 1.21 0.07 0.31 0.32 0.08 0.09 0.43 -2.52 0.56
EBIT Less CapEx to Interest Expense		 2.91 1.43 0.08 0.37 0.36 0.03 0.11 0.56 -3.61 0.68
NOPAT Less CapEx to Interest Expense		 2.29 1.16 0.06 0.30 0.28 0.04 0.08 0.42 -2.53 0.52
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 24.44% 30.91% 34.70% 44.31% 72.95% 67.02% 49.28% -20.67% -27.38%
Augmented Payout Ratio		 0.00% 28.92% 30.91% 34.70% 44.31% 72.95% 67.02% 49.28% -20.67% -27.38%

Key Financial Trends

MidWestOne Financial Group (NASDAQ: MOFG) has demonstrated several noteworthy financial trends over the past four years through the end of 2024. Analysis of quarterly income statements, cash flow statements, and balance sheets reveals a company managing its core banking operations with mixed results influenced by market conditions and operational factors.

Positive Trends and Strengths:

  • Net interest income has generally increased, reaching approximately $48.9 million in Q4 2024, up from $32.6 million in Q4 2023, highlighting effective interest margin management.
  • Provision for credit losses, while fluctuating, remains reasonably controlled, suggesting prudent loan portfolio risk management.
  • Total revenue for Q4 2024 stood strong at about $59.8 million, a substantial improvement over the negative total revenue reported in Q3 2024, indicating a recovery in non-interest income components such as trust fees and service charges.
  • Operating cash flows remain robust, with net cash from continuing operating activities of $31.1 million in Q4 2024, up significantly from prior quarter (Q3 2024 negative cash flow of $2.76 million), supporting business sustainability and liquidity.
  • Total assets have steadily grown year-on-year, with approximately $6.55 billion reported as of Q3 2024, reflecting growth in loans, securities, and deposits.
  • Equity has improved, with total common equity rising from around $500 million in Q3 2023 to $562 million by Q3 2024, strengthening the company’s capital base.
  • The company managed dividend payments consistently at about $0.2425 per share through the latest quarters, indicating a stable shareholder return policy.
  • Diluted earnings per share (EPS) rebounded strongly in Q4 2024 to $1.30 after a significant loss in Q3 2024 (-$6.05), showing improved profitability.
  • Total non-interest expenses have been relatively stable, enabling better cost control and operational efficiency.
  • MidWestOne Financial Group has maintained diversified income streams, including loans and leases interest, trust fees, and service charges, helping to support total revenue.

Neutral Observations:

  • Despite fluctuations, interest expense escalated in 2024, especially from deposits and short-term borrowings, reflecting increased funding costs.
  • Investment securities and other non-interest income contributed variably, with occasional realized and unrealized capital losses impacting quarterly results.
  • Short-term debt and long-term debt levels have seen modest changes, indicating ongoing leverage management but requiring monitoring for refinancing risk.
  • Allowance for loan and lease losses has slightly increased in line with loan growth, suggesting cautious credit risk allowance policies.
  • Cash and due from banks balances have remained consistent, supporting liquidity requirements but not indicating significant expansion.

Negative or Concerning Trends:

  • A significant net loss was recorded in Q3 2024 (-$95.7 million), driven in part by large unrealized capital losses on investments, which materially impacted the company’s quarterly profitability.
  • The net interest margin compressed severely in Q3 2024 due to increased interest expenses, especially on short-term borrowings and deposits, indicating possible margin pressure in a rising interest rate environment.
  • Non-interest income was deeply negative in Q3 2024 (-$130 million), largely from investment capital losses, which contrasts with positive quarters and indicates volatility in investment portfolio earnings.
  • Volatile cash flows from financing activities in 2024, including large issuance and repayments of debt, suggest refinancing and liquidity management challenges.
  • Negative accumulated other comprehensive income worsened through 2023 and 2024, reflecting unrealized losses on securities or pension liabilities that may weigh on equity.
  • The company experienced periods of negative net cash from operating activities, particularly in Q3 2024 (-$2.76 million), indicating operational stress in that quarter.
  • Diluted EPS swung from positive to deeply negative and back, reflecting volatility in earnings attributable to market-sensitive components.
  • Increasing interest expense trend could pressure net income if interest income growth does not keep pace.
  • Marketing and insurance claims expenses have slightly increased, warranting monitoring for cost control effectiveness.
  • The increase in short-term debt exposure could increase liquidity risk if not managed carefully.

Overall, MidWestOne Financial Group is demonstrating resilience in net interest income and operational cash flow generation. However, its earnings show sensitivity to investment portfolio valuations and rising interest expenses, particularly evident in the sharp Q3 2024 loss followed by a recovery in Q4. Investors should watch for continued margin pressures, capital adequacy metrics, and the company’s ability to stabilize non-interest income streams amid market volatility.

08/08/25 10:31 PMAI Generated. May Contain Errors.

Frequently Asked Questions About MidWestOne Financial Group's Financials

When does MidWestOne Financial Group's financial year end?

According to the most recent income statement we have on file, MidWestOne Financial Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has MidWestOne Financial Group's net income changed over the last 2 years?

MidWestOne Financial Group's net income appears to be on a downward trend, with a most recent value of -$60.29 million in 2024, falling from $60.84 million in 2022. The previous period was $20.86 million in 2023. Check out MidWestOne Financial Group's forecast to explore projected trends and price targets.

How has MidWestOne Financial Group's revenue changed over the last 2 years?

Over the last 2 years, MidWestOne Financial Group's total revenue changed from $213.88 million in 2022 to $69.29 million in 2024, a change of -67.6%.

How much debt does MidWestOne Financial Group have?

MidWestOne Financial Group's total liabilities were at $5.68 billion at the end of 2024, a 3.8% decrease from 2023, and a 6.7% decrease since 2022.

How much cash does MidWestOne Financial Group have?

In the past 2 years, MidWestOne Financial Group's cash and equivalents has ranged from $71.80 million in 2024 to $83.99 million in 2022, and is currently $71.80 million as of their latest financial filing in 2024.

How has MidWestOne Financial Group's book value per share changed over the last 2 years?

Over the last 2 years, MidWestOne Financial Group's book value per share changed from 31.44 in 2022 to 26.94 in 2024, a change of -14.3%.


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This page (NASDAQ:MOFG) was last updated on 8/8/2025 by MarketBeat.com Staff
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