MidWestOne Financial Group is a bank holding and financial holding company, which operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services. The Bank provides full service retail banking, it also offers deposit products, including checking and other demand deposit accounts, negotiable order of withdrawal (NOW) accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts and commercial, industrial, agricultural, real estate mortgage and consumer loans.

Type
Public
HQ
Belle Plaine, US
Founded
1934
Size (employees)
587 (est)
MidWestOne Financial Group was founded in 1934 and is headquartered in Belle Plaine, US
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MidWestOne Financial Group Office Locations

MidWestOne Financial Group has offices in Melbourne, Iowa City, Hudson, Fort Myers and in 9 other locations
Belle Plaine, US (HQ)
802 13th St
Burlington, US
3225 Division St
Cedar Falls, US
4510 Prairie Pkwy
Centerville, US
7031 20th Ave S
Centerville, US
7111 21st Ave N
Chisago City, US
11151 Lake Blvd
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MidWestOne Financial Group Financials and Metrics

MidWestOne Financial Group Financials

MidWestOne Financial Group's revenue was reported to be $135.76 m in FY, 2016 which is a 11.4% increase from the previous period.
USD

Revenue (Q1, 2018)

36.7 m

Gross profit (Q1, 2018)

32 m

Gross profit margin (Q1, 2018), %

87.2%

Net income (Q1, 2018)

7.8 m

EBIT (Q1, 2018)

24.5 m

Market capitalization (25-May-2018)

409.2 m

Closing share price (25-May-2018)

33.5

Cash (31-Mar-2018)

42.4 m

EV

378.1 m
MidWestOne Financial Group's current market capitalization is $409.2 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

66.1 m79.7 m121.9 m135.8 m

Revenue growth, %

21%53%11%

Cost of goods sold

12.1 m9.6 m10.6 m12.7 m15.1 m

Gross profit

54 m70.2 m111.2 m123 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

19.9 m20.1 m19.7 m20 m20.5 m30.3 m35.4 m34.9 m33.6 m33.6 m34.1 m35.2 m36.7 m

Cost of goods sold

2.9 m2.4 m2.3 m2.4 m2.2 m2.5 m3.7 m2.9 m3.1 m3.3 m3.5 m3.7 m4.7 m

Gross profit

17.1 m17.7 m17.4 m17.6 m18.3 m27.8 m31.8 m32 m30.5 m30.3 m30.6 m31.6 m32 m

Gross profit Margin, %

86%88%88%88%89%92%90%92%91%90%90%90%87%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

24.9 m23.4 m47.1 m43.2 m51 m

Accounts Receivable

10.4 m10.9 m13.7 m4.8 m

Inventories

2.2 b2.3 b

PP&E

27.7 m37.8 m76.2 m75 m76 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

26.1 m35.3 m22.3 m67.4 m21.5 m46.6 m92.3 m60.7 m111 m52 m54.5 m49.4 m42.4 m

Inventories

1.1 b1.1 b1.1 b1.1 b1.2 b2.1 b2.1 b

PP&E

26.5 m29.9 m32.5 m34.4 m39.4 m71.3 m75 m75.5 m76.4 m75.1 m75 m74.7 m77.6 m

Goodwill

56.5 m63.2 m64.7 m64.7 m64.7 m64.7 m64.7 m64.7 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

18.6 m18.5 m8.2 m8.2 m

Depreciation and Amortization

663 k547 k3.3 m4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

14.2 m5 m9.7 m14.6 m4.8 m9.3 m16.9 m5.5 m4.8 m6.2 m6.7 m13.9 m7.8 m

Depreciation and Amortization

4 m1.1 m2.2 m3.2 m929 k3.7 m6 m2.7 m5.3 m7.7 m1 m2.1 m1 m

Cash From Operating Activities

21.4 m5.7 m15 m17.5 m8.6 m2.9 m22.1 m12 m20 m31.7 m18.2 m23.2 m11.4 m

Cash From Investing Activities

16.3 m18.2 m22.5 m(14.6 m)20 m73.8 m53.1 m24.7 m38.5 m(26.8 m)(264 k)(10.9 m)(46 m)
USDY, 2018

EV/EBIT

15.5 x

EV/CFO

33 x

Revenue/Employee

62.5 k

Financial Leverage

9.5 x
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MidWestOne Financial Group Operating Metrics

MidWestOne Financial Group's Total Loans was reported to be $2.2b in Q2, 2017.
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