IOWA CITY, Iowa, Oct. 24, 2024 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the third quarter of 2024. Third Quarter 2024 Summary1 Completed a common equity capital raise, resulting in net proceeds to the Company of $118.6 million to facilitate a balance sheet repositioning. $140.4 million of securities impairment related to the repositioning was recognized in pre-tax earnings.Subsequent to quarter-end: Sold $1.0 billion of de ...

Financial Results Announcement - MidWestOne Financial Group Inc will release its third quarter 2024 financial results after market closes on Thursday October 24 2024 [1] - The company will host a conference call to discuss the financial results at 11:00 am Central Time on Friday October 25 2024 [1] Conference Call Details - Investors and analysts can pre-register for the conference call using a provided link and will receive access details via email [2] - On the day of the call participants can dial 1-833-470-1428 (Canada: 1-833-950-0062) 15 minutes prior to the start using access code 019041 [2] - A live audio webcast of the conference call will be available on the Investor Relations section of the company's website [2] Conference Call Replay - A replay of the conference call will be available within four hours of the conclusion and can be accessed online or by dialing 1-866-813-9403 (international: 1-929-458-6194) with pin 718549 [3] - The replay will be available until January 23 2025 [3] Company Overview - MidWestOne Financial Group Inc is a financial holding company headquartered in Iowa City Iowa and is the parent company of MidWestOne Bank [4] - MidWestOne Bank operates banking offices in Iowa Minnesota Wisconsin and Colorado and provides electronic delivery of financial services through its website [4] - MidWestOne Financial Group Inc trades on the Nasdaq Global Select Market under the symbol "MOFG" [4]

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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 ...

Second Quarter 2024 Summary 1 MIDWESTONE FINANCIAL GROUP, INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2024 FOR IMMEDIATE RELEASE July 25, 2024 Iowa City, Iowa - MidWestOne Financial Group, Inc. (Nasdaq: MOFG) ("we", "our", or the "Company") today reported results for the second quarter of 2024. CEO Commentary I'm also very pleased with the level of talent acquisition in the first half of 2024 and second quarter highlights included our new EVP, Chief Information Officer and new SVP, Chief Market ...

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 ...