Earnings summaries and quarterly performance for MidWestOne Financial Group.
Executive leadership at MidWestOne Financial Group.
Chip Reeves
Detailed
Chief Executive Officer
CEO
Barry Ray
Detailed
Senior Executive Vice President and Chief Financial Officer
Gary Sims
Detailed
Senior Vice President and Chief Credit Officer
Len Devaisher
Detailed
President and Chief Operating Officer
Paul Ho-Sing-Loy
Detailed
Executive Vice President and Chief Information Officer
Board of directors at MidWestOne Financial Group.
Andre Perry
Detailed
Director
Carl Chaney
Detailed
Director
Charles Funk
Detailed
Director
Douglas Greeff
Detailed
Director
Janet Godwin
Detailed
Director
Jennifer Hauschildt
Detailed
Director
Larry Albert
Detailed
Director
Matthew Hayek
Detailed
Director
Nathaniel Kaeding
Detailed
Director
Ruth Heinonen
Detailed
Director
Tracy McCormick
Detailed
Chair of the Board
Research analysts who have asked questions during MidWestOne Financial Group earnings calls.
Brendan Nosal
Hovde Group, LLC
5 questions for MOFG
Also covers: ALRS, BWB, BY +11 more
Damon Del Monte
Keefe, Bruyette & Woods
5 questions for MOFG
Also covers: ALRS, BY, CAC +15 more
Nathan Race
Piper Sandler & Co.
5 questions for MOFG
Also covers: ALRS, BSVN, BWB +17 more
Brian Martin
Janney Montgomery Scott
4 questions for MOFG
Also covers: BFIN, BY, EFSC +10 more
Terry McEvoy
Stephens Inc.
3 questions for MOFG
Also covers: ASB, BY, CIVB +9 more
Terence McEvoy
Stephens Inc.
2 questions for MOFG
Also covers: ASB, BY, CIVB +10 more
Recent press releases and 8-K filings for MOFG.
Nicolet Bankshares Inc. to acquire MidWestOne Financial Group Inc.
MOFG
M&A
Oct 24, 2025, 2:00 PM
Nikolay Bancshares Announces Acquisition of MidwestOne Financial Group
MOFG
M&A
- Nikolay Bancshares Inc. has announced an agreement to acquire MidwestOne Financial Group in an all-stock transaction.
- MidwestOne shareholders will receive 0.3175 shares of Nikolay for each share of MidwestOne, implying a per share purchase price of $41.37 and a total transaction value of approximately $864,000,000.
- The acquisition is expected to be approximately 35% to 40% accretive to fully phased in EPS for 2026 and result in only minimal dilution to tangible book value per share with a negligible earn back period.
- Key financial assumptions include approximately $38,000,000 in pretax cost savings (25% of MidwestOne's non-interest expenses), $60,000,000 in pretax deal-related costs, and an estimated $8,500,000 negative impact from Durbin starting in 2027.
- MidwestOne had $6.2 billion in assets as of September 30, 2025, and adds over $3.4 billion in assets under management to the combined entity. The legal closing is targeted for 2026, with systems conversion in summer or early fall.
Oct 24, 2025, 2:00 PM
MidWestOne Financial Group Redeems Subordinated Notes and Secures New Debt
MOFG
Debt Issuance
Debt Restructuring
- MidWestOne Financial Group, Inc. redeemed the entire $65.0 million outstanding principal amount of its 5.75% Fixed-to-Floating Rate Subordinated Notes due 2030 on July 30, 2025.
- The redemption price was 100% of the aggregate principal amount plus accrued and unpaid interest.
- To fund the redemption, the company utilized a combination of cash on hand and proceeds from a $50.0 million senior term note that closed on July 29, 2025.
- The new senior term note has a 5-year maturity, 7-year amortization facility, and bears interest at a floating rate of 1-month term SOFR plus 1.75%.
Jul 31, 2025, 12:00 AM
MidWestOne Financial Group to Present Q2 2025 Investor Update
MOFG
Earnings
M&A
- Executive officers will present to institutional investors during Q2 2025, with presentation materials attached as Exhibit 99.1 and available on the company website.
- The filing includes forward-looking statements and detailed financial and market performance information as of March 31, 2025, which are key for evaluating the company's outlook.
- The document highlights MidWestOne's diversified growth strategy, including recent acquisitions and solid Q1 2025 financial performance, such as a net income of $15.1 million.
Apr 28, 2025, 12:00 AM
MidWestOne Financial Group Q1 2025 Results Overview
MOFG
Earnings
Guidance Update
Share Buyback
- Q1 2025 results include a net income of $15.1M, $57.5M in revenue, adjusted EPS of $0.73, 1% ROA, and a 10 bp increase in core net interest margin driven by disciplined balance sheet management .
- Strong balance sheet metrics with total loans of $4,304.2M, deposits of $5,489.1M, and a robust capital position with a Common Equity Tier 1 ratio near 11% (targeting 11%–11.5%), alongside proactive capital allocation including potential share buybacks .
- The bank maintained solid credit quality with a 0.33% nonperforming assets ratio and a diversified CRE and loan portfolio strategy .
- Loan performance was mixed with flat growth due to elevated payoffs, yet a robust loan origination pipeline is expected to drive mid-single-digit growth in Q2 .
Apr 25, 2025, 4:00 PM
MidWestOne Financial Group Q1 2025 Earnings Results Released
MOFG
Earnings
Dividends
- Net income reached $15.1 million with diluted EPS of $0.73, indicating resilient performance in a challenging economic environment.
- The company reported a tax equivalent net interest margin of 3.44% and a core margin of 3.36%, reflecting effective management of balance sheet fundamentals.
- Tangible book value per share increased by 4.4% to $23.36, showcasing improved capital strength.
- Operational efficiency was maintained with noninterest expenses of $36.3 million and an efficiency ratio of 59.38%, supporting disciplined cost management.
Apr 24, 2025, 12:00 AM
Quarterly earnings call transcripts for MidWestOne Financial Group.
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