UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35968 MIDWESTONE FINANCIAL GROUP, INC. (Exact name of Registrant as specified in its charter) Iowa 42-1206172 (State or other jurisdiction o ...

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q2 2024 Earnings Conference Call July 26, 2024 12:00 PM ET Company Participants Barry Ray - CFO Chip Reeves - CEO Len Devaisher - President and COO Gary Sims - Chief Credit Officer Conference Call Participants Brendan Nosal - Hovde Terry McEvoy - Stephens Nathan Race - Piper Sandler Damon DelMonte - KBW Brian Martin - Janney Montgomery Operator Good morning, ladies and gentlemen, and welcome to the MidWestOne Financial Group, Inc. Second Quarter 2024 Earnings C ...

Forward Looking Statements & Non-GAAP Measures Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors that could have an impact on our ability to achieve operating results, growth plan goals and future prospects include, but are not limited to, the following: (1) the risks of mergers or branch sales (including the recent sale of our Florida banking operations and the acquisition of Denver Bankshares, Inc.), including, without limitation, the relate ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. MidWestOne (MOFG) reported $57.9 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 26.7%. EPS of $0.45 for the same period compares to $0.48 a year ago. Since these metrics play a crucial ...

MidWestOne (MOFG) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. MidWestOne, which belongs to the Zacks Banks - Midwest industry, posted revenues of $57.9 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 26.56%. This compares to year-ago revenues of $45.71 million. The company has topped consensus revenu ...

FOR IMMEDIATE RELEASE July 25, 2024 MIDWESTONE FINANCIAL GROUP, INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024 Iowa City, Iowa - MidWestOne Financial Group, Inc. (Nasdaq: MOFG) ("we", "our", or the "Company") today reported results for the second quarter of 2024. 1 Second Quarter 2024 Summary • Completed sale of our Florida banking operations for a 7.5% deposit premium. ◦ Included in the sale were $133.3 million of deposits and $163.6 million of loans. • Net income of $15.8 million, or $1.00 ...

CEO Commentary _________________________ 1 Second Quarter Summary compares to the first quarter of 2024 (the "linked quarter") unless noted. 2 Non-GAAP measure. See the separate Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. (1)Non-GAAP measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. On June 7, 2024, we completed the sale of our Florida banking operations for a 7.5% deposit premium, which consisted of ...

(1)Non-GAAP measure. See the Non-GAAP Measures section for a reconciliation to the most directly comparable GAAP measure. Net interest income of $36.3 million for the second quarter of 2024 increased $1.6 million from the first quarter of 2024, primarily due to higher interest earning asset volumes and yields, partially offset by higher interest-bearing liability volumes and costs. When compared to the second quarter of 2023, net interest income decreased $0.6 million, primarily due to higher funding costs ...

Category: Earnings IOWA CITY, Iowa, July 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its second quarter 2024 financial results will be released after market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 26, 2024. | --- | --- | |-------------------------|-------------------------| | | ...

IOWA CITY, Iowa, July 12, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) ("MidWestOne" or the "Company"), parent company of MidWestOne Bank, today announced that its second quarter 2024 financial results will be released after market closes on Thursday, July 25, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Central Time on Friday, July 26, 2024. A replay of the conference call will be available within four hours of the conclusion of th ...