MidWestOne Financial Group

The Company operates through its bank subsidiaries, MidWestOne Bank, Central Bank and MidWestOne Insurance Services, Inc. MidWestOne Bank and Central Bank provide service retail banking in the communities in which their respective branch offices are located. Its deposit products include checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, certificates of deposit, individual retirement accounts, non-interest-bearing demand deposits and money market accounts. MidWestOne Bank and Central Bank offer commercial and industrial, agricultural, real estate mortgage and consumer loans. Other products and services include debit cards, automated teller machines, online banking, mobile banking and safe deposit boxes. The principal service consists of making loans to and accepting deposits from individuals, businesses, governmental units and institutional customers.
Type
Public
HQ
Belle Plaine, US
Founded
1934
Size (employees)
587 (est)-9%
MidWestOne Financial Group was founded in 1934 and is headquartered in Belle Plaine, US

MidWestOne Financial Group Office Locations

MidWestOne Financial Group has offices in Belle Plaine, Burlington, Cedar Falls and Centerville
Belle Plaine, US (HQ)
802 13th St
Centerville, US
7111 21st Ave N
Cedar Falls, US
4510 Prairie Pkwy
Burlington, US
3225 Division St

MidWestOne Financial Group Data and Metrics

MidWestOne Financial Group Financial Metrics

MidWestOne Financial Group's revenue was reported to be $112.3 m in FY, 2016 which is a 12% increase from the previous period.
USD

Revenue (FY, 2016)

112.3 m

Revenue growth (FY, 2015 - FY, 2016), %

12%

Gross profit (FY, 2016)

99.6 m

Gross profit margin (FY, 2016), %

89%

Net income (FY, 2016)

20.4 m

EBIT (FY, 2016)

91.6 m

Market capitalization (27-Jun-2017)

414.7 m

Closing share price (27-Jun-2017)

34.4

Cash (31-Dec-2016)

43.2 m
MidWestOne Financial Group's current market capitalization is $414.7 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

66.1 m64.4 m100.7 m112.3 m

Revenue growth, %

(3%)56%12%

Cost of goods sold

12.1 m9.6 m10.6 m12.7 m

Gross profit

54 m54.9 m90.1 m99.6 m

Gross profit Margin, %

82%85%89%89%

Operating expense total

42.1 m43.4 m73.2 m87.8 m

EBIT

52.6 m53.7 m84.9 m91.6 m

EBIT margin, %

80%83%84%82%

Pre tax profit

25.3 m25.6 m32.9 m27.3 m

Income tax expense

6.6 m7 m7.8 m6.9 m

Net Income

18.6 m18.5 m25.1 m20.4 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

24.9 m23.4 m47.1 m43.2 m

Accounts Receivable

10.4 m10.9 m13.7 m13.9 m

PP&E

27.7 m37.8 m76.2 m75 m

Goodwill

64.5 m64.7 m

Total Assets

1.8 b1.8 b3 b3.1 b

Accounts Payable

765 k863 k1.5 m1.5 m

Additional Paid-in Capital

80.5 m80.5 m163.5 m163.7 m

Retained Earnings

91.5 m105.1 m123.9 m137 m

Total Equity

296.2 m305.5 m

Financial Leverage

10.1 x10.1 x
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

Cash From Operating Activities

28.3 m23.3 m32.7 m38.2 m

Cash From Investing Activities

(5.4 m)(47.4 m)5 m(123.6 m)

Long-term Borrowings

2.5 m5 m

Dividends Paid

(4.3 m)(4.9 m)(6.3 m)(7.3 m)

Cash From Financing Activities

(45.2 m)22.7 m(14 m)81.5 m

Interest Paid

10 m12.8 m

Income Taxes Paid

7.7 m8 m
USDY, 2016

Revenue/Employee

173.3 k

Financial Leverage

10.1 x

MidWestOne Financial Group Market Value History

MidWestOne Financial Group Online and Social Media Presence

MidWestOne Financial Group Company Life and Culture

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