OverviewSuggest Edit

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.

TypePublic
Founded1934
HQIowa City, US
Websitemidwestone.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2019)771(+30%)
Job Openings28
Revenue (FY, 2019)$31.2 M(+38%)
Share Price (Oct 2020)$21.5 (-3%)
Cybersecurity ratingAMore

Key People/Management at MidWestOne Financial Group

Anna Moyers Stone

Anna Moyers Stone

Vice President, Trust Officer
Daniel Bailey

Daniel Bailey

Second Vice President, Private Banking Operations Officer
Molly Carpenter

Molly Carpenter

Second Vice President, Private Banking Officer
Michelle Breitbach

Michelle Breitbach

VP/Trust Operations
Brian Hunt

Brian Hunt

Vice President, Trust Operations Manager
Christy Fehlberg

Christy Fehlberg

Vice President, Private Banking Officer
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MidWestOne Financial Group Office Locations

MidWestOne Financial Group has offices in Iowa City, Centerville, Chisago City, Eden Prairie and in 2 other locations
Iowa City, US (HQ)
102 S Clinton St
Centerville, US
7031 20th Ave S
Centerville, US
7111 21st Ave N
Chisago City, US
11151 Lake Blvd
Eden Prairie, US
6640 Shady Oak Rd
Elk River, US
18233 Carson Ct NW
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MidWestOne Financial Group Financials and Metrics

MidWestOne Financial Group Revenue

MidWestOne Financial Group's revenue was reported to be $31.25 m in FY, 2019
USD

Revenue (Q2, 2020)

8.3m

Net income (Q2, 2020)

11.7m

Market capitalization (26-Oct-2020)

346.8m

Closing stock price (26-Oct-2020)

21.5

Cash (30-Jun-2020)

65.9m

EV

633.1m
MidWestOne Financial Group's current market capitalization is $346.8 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

14.7m20.1m14.7m15.3m21.2m23.4m22.4m22.8m31.2m

Revenue growth, %

21%53%11%

Sales and marketing expense

3.8m

R&D expense

1.7m1.7m1.5m1.6m2.7m4.9m2.7m3.0m4.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

3.3m3.9m4.2m8.2m3.6m4.0m3.7m3.8m4.2m3.6m4.0m4.0m5.1m5.5m6.4m5.6m5.7m5.5m5.4m5.9m5.7m5.5m6.0m5.4m8.8m8.0m10.2m8.3m

Sales and marketing expense

606.0k869.0k1.2m1.1m910.0k

R&D expense

426.0k406.0k446.0k369.0k443.0k391.0k337.0k364.0k424.0k391.0k357.0k432.0k668.0k928.0k2.6m809.0k599.0k711.0k548.0k723.0k688.0k691.0k697.0k845.0k1.0m1.2m1.4m1.2m

Operating expense total

2.0m1.9m2.0m1.8m1.8m1.9m1.7m1.6m1.7m1.8m1.8m1.8m3.7m3.2m5.1m3.5m3.1m2.9m3.0m2.8m3.0m3.1m3.0m2.6m3.5m4.3m4.6m4.0m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

28.2m30.2m24.5m23.0m44.2m43.2m44.8m43.8m67.2m

Accounts Receivable

970.5m1.0b1.1b1.1b4.8m

Prepaid Expenses

2.6m

Inventories

2.2b
Quarterly
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

13.3m16.8m18.6m18.5m25.1m20.4m18.7m30.4m43.6m

Depreciation and Amortization

5.3m2.3m5.2m4.2m8.4m8.5m7.3m6.5m2.8m

Accounts Payable

6.0m1.4m(1.4m)(819.0k)4.5m

Cash From Operating Activities

23.7m22.5m28.3m23.3m32.7m38.2m41.0m42.8m47.3m
USDQ2, 2011

Financial Leverage

9.8 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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MidWestOne Financial Group Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

MidWestOne Financial Group Online and Social Media Presence

Embed Graph

MidWestOne Financial Group News and Updates

MidWestOne Financial Group, Inc. Reports Financial Results for the Third Quarter of 2019

IOWA CITY, Iowa, Oct. 25, 2019 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq - MOFG) (“we”, “our”, or “the Company”) today reported its financial results for the third quarter of 2019. Charles Funk, President and Chief Executive Officer commented, “We are beginning to realize the op…

MidWestOne Financial Group, Inc. Reports Financial Results for The second Quarter of 2019

IOWA CITY, Iowa, July 25, 2019 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq - MOFG) (“we”, “our”, or “the Company”) today reported its financial results for the second quarter of 2019. Net income for the second quarter of 2019 was $10.7 million, or $0.72 per diluted common share, c…

MidWestOne Financial Group, Inc. Reports Financial Results for the Fourth Quarter and Full Year 2018

IOWA CITY, Iowa, Jan. 24, 2019 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq - MOFG) (“we”, “our”, or “the Company”) today reported its financial results for the fourth quarter and full year 2018. Net income for the fourth quarter of 2018 was $7.6 million, or $0.62 per diluted commo…

MidWestOne Financial Group Declares Increased Dividend

IOWA CITY, Iowa, Jan. 17, 2019 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that on January 15, 2019 the Company's Board of Directors declared a cash dividend of $0.2025 per common share, which is a 3.8% increase from the d…

MidWestOne Financial Group Declares Dividend And Approves Repurchase Program

IOWA CITY, Iowa, Oct. 17, 2018 /PRNewswire/ -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank, today announced that on October 16, 2018, the Company's Board of Directors declared a cash dividend of $0.195 per common share, which is the same as the...

MidWestOne Financial Group, Inc. to Acquire ATBancorp

IOWA CITY, Iowa and DUBUQUE, Iowa, Aug. 22, 2018 /PRNewswire/ -- MidWestOne Financial Group, Inc. ("MidWestOne") (NASDAQ: MOFG) and ATBancorp today jointly announced the execution of a definitive merger agreement providing for the acquisition of ATBancorp by MidWestOne in a transaction...

MidWestOne Financial Group Blogs

How to Preserve Your Wealth as You Get Older

As you get older and closer to retirement, your financial practices need to shift slightly as you transition from working and saving to relying on your nest egg. As you approach this stage of your life, you need to take steps to protect your wealth. Keep these tips in mind.    1. Shift Toward More…

CARES Act Grants RMD Rollover Relief Change: What to Expect

The CARES Act has offered new relief for RMD Rollover as a result of the economic problems facing the country during the global coronavirus pandemic. Under the new relief, anyone who took the required minimum distribution from their retirement during the 2020 tax year may now roll their money back i…

Maximize Your Summer Fun With These Ideas

As temperatures start to heat up and the days get longer, summer fun can kick into gear. Looking for things to do this summer? Then, check out this list of fun and relaxing summertime ideas.   read more

3 Mistakes to Avoid Before Taking Required Minimum Distributions

Uncle Sam wants your money. He has bills to pay, just like you. And he's been waiting patiently for decades for you to hand over his share of your tax-deferred retirement dollars.read more

Back to School: Getting Your Financial House in Order

The abrupt end to the 2019-2020 school year in many parts of the U.S. left parents and students alike struggling to establish healthy routines. As many students prepare to head back to the classroom (or the remote classroom) this fall, what steps can parents take now to get their houses in order?rea…

Video: Market Timing

      No investment strategy can guarantee a profit or protect against loss. Past performance is not a guarantee of future results.read more
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MidWestOne Financial Group Frequently Asked Questions

  • When was MidWestOne Financial Group founded?

    MidWestOne Financial Group was founded in 1934.

  • Who are MidWestOne Financial Group key executives?

    MidWestOne Financial Group's key executives are Anna Moyers Stone, Daniel Bailey and Molly Carpenter.

  • How many employees does MidWestOne Financial Group have?

    MidWestOne Financial Group has 771 employees.

  • What is MidWestOne Financial Group revenue?

    Latest MidWestOne Financial Group annual revenue is $31.2 m.

  • What is MidWestOne Financial Group revenue per employee?

    Latest MidWestOne Financial Group revenue per employee is $40.5 k.

  • Who are MidWestOne Financial Group competitors?

    Competitors of MidWestOne Financial Group include Bankwell Financial, Ohio Valley Banc Corp and BOK Financial.

  • Where is MidWestOne Financial Group headquarters?

    MidWestOne Financial Group headquarters is located at 102 S Clinton St, Iowa City.

  • Where are MidWestOne Financial Group offices?

    MidWestOne Financial Group has offices in Iowa City, Centerville, Chisago City, Eden Prairie and in 2 other locations.

  • How many offices does MidWestOne Financial Group have?

    MidWestOne Financial Group has 7 offices.