MidWestOne (MOFG) Q4 Earnings and Revenues Top Estimates

Group 1: Earnings Performance - MidWestOne reported quarterly earnings of $0.77 per share, exceeding the Zacks Consensus Estimate of $0.72 per share, and up from $0.51 per share a year ago, representing an earnings surprise of 6.94% [1] - The company posted revenues of $59.78 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 6.61%, compared to year-ago revenues of $36.42 million [2] Group 2: Stock Performance and Outlook - MidWestOne shares have increased approximately 3.4% since the beginning of the year, slightly underperforming the S&P 500's gain of 3.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $56.25 million, and for the current fiscal year, it is $3.11 on revenues of $237.4 million [7] Group 3: Industry Context - The Banks - Midwest industry, to which MidWestOne belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]