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.
Company Growth (employees)
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

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 $34.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

34.1 m

Gross profit (Q1, 2017)

30.6 m

Gross profit margin (Q1, 2017), %

90%

Net income (Q1, 2017)

6.7 m

EBIT (Q1, 2017)

24 m

Market capitalization (18-Aug-2017)

400.4 m

Cash (31-Mar-2017)

54.5 m
MidWestOne Financial Group's current market capitalization is $400.4 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%

Sales and marketing expense

49.6 m

Operating expense total

49.6 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

19.7 m20 m20.5 m30.3 m35.4 m34.9 m33.6 m33.6 m34.1 m

Cost of goods sold

2.3 m2.4 m2.2 m2.5 m3.7 m2.9 m3.1 m3.3 m3.5 m

Gross profit

17.4 m17.6 m18.3 m27.8 m31.8 m32 m30.5 m30.3 m30.6 m

Gross profit Margin, %

88%88%89%92%90%92%91%90%90%

Sales and marketing expense

6.1 m6.3 m6.9 m10 m11.8 m12.6 m13.3 m11.6 m11.9 m

Operating expense total

6.1 m6.3 m6.9 m10 m11.8 m12.6 m13.3 m11.6 m11.9 m

EBIT

13.6 m13.4 m13.6 m21.8 m24.2 m24.5 m23.8 m23.6 m24 m

EBIT margin, %

69%67%67%72%68%70%71%70%70%

Pre tax profit

6.5 m6.6 m6.5 m7.1 m9.7 m7.4 m6.5 m8.9 m9.2 m

Income tax expense

1.7 m1.7 m1.7 m2.6 m2.1 m1.9 m1.8 m2.6 m2.5 m

Net Income

9.7 m14.6 m4.8 m9.3 m16.9 m5.5 m4.8 m6.2 m6.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

24.9 m23.4 m47.1 m43.2 m

Accounts Receivable

10.4 m10.9 m13.7 m4.8 m

Inventories

2.2 b

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 m2.5 b

Total Debt

17.5 m

Total Liabilities

2.8 b

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

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

10.1 x10.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

22.3 m67.4 m21.5 m46.6 m92.3 m60.7 m111 m52 m54.5 m

Inventories

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

PP&E

32.5 m34.4 m39.4 m71.3 m75 m75.5 m76.4 m75.1 m75 m

Goodwill

56.5 m63.2 m64.7 m64.7 m64.7 m64.7 m

Total Assets

1.7 b1.8 b1.8 b2.9 b3 b3 b3 b3 b3.1 b

Accounts Payable

1.3 b1.4 b1.4 b2.4 b2.5 b2.4 b2.5 b2.4 b2.5 b

Additional Paid-in Capital

80.3 m80.4 m80.4 m157.9 m163.3 m163.3 m163.3 m163.5 m179 m

Retained Earnings

98.8 m102.4 m108.7 m111.5 m117.4 m127.6 m130.5 m134.9 m141.8 m

Total Equity

186.5 m188.9 m197.4 m278 m290.7 m301.8 m305.2 m309.6 m327.5 m

Financial Leverage

9.3 x9.6 x9 x10.5 x10.3 x9.8 x9.8 x9.7 x9.4 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
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

9.7 m14.6 m4.8 m9.3 m16.9 m5.5 m4.8 m6.2 m6.7 m

Depreciation and Amortization

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

Cash From Operating Activities

15 m17.5 m8.6 m2.9 m22.1 m12 m20 m31.7 m18.2 m

Cash From Investing Activities

22.5 m(14.6 m)20 m73.8 m53.1 m24.7 m38.5 m(26.8 m)(264 k)

Long-term Borrowings

(1.3 m)(1.3 m)(2.5 m)(3.8 m)(1.3 m)

Dividends Paid

(2.4 m)(3.7 m)(1.3 m)(2.9 m)(4.6 m)(1.8 m)(3.7 m)(5.5 m)(1.9 m)

Cash From Financing Activities

(40.1 m)39.6 m(30.5 m)(53.5 m)(6.3 m)(23.1 m)5.4 m2 k(6.7 m)

Interest Paid

4.7 m7 m2.2 m3.6 m7.6 m2.9 m5.9 m9.3 m3.6 m

Income Taxes Paid

464 k1.8 m200 k2.6 m4.7 m10 k4.2 m6 m10 k
USDY, 2017

Revenue/Employee

58.1 k

Financial Leverage

9.4 x

MidWestOne Financial Group Market Value History

Traffic Overview of MidWestOne Financial Group

MidWestOne Financial Group Online and Social Media Presence

MidWestOne Financial Group Company Life and Culture

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