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MOFG

MidWestOne Financial Group, Inc.

MOFG

MidWestOne Financial Group, Inc. • NASDAQ
$39.57 ▼ -1.15% (-0.46)
Market Cap $822.02 M
52w High $40.25
52w Low $24.62
Dividend Yield 0.97%
P/E 11.81
Volume 57.22K
Outstanding Shares 20.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $89.195M ▲ $37.637M ▲ $17.015M ▲ 19.076% ▲ $0.82 ▲ $21.607M ▲
Q2-2025 $87.669M ▲ $35.767M ▼ $9.98M ▼ 11.384% ▼ $0.48 ▼ $12.576M ▼
Q1-2025 $84.875M ▼ $36.293M ▼ $15.138M ▼ 17.836% ▼ $0.73 ▼ $19.771M ▼
Q4-2024 $89.104M ▲ $37.372M ▲ $16.33M ▲ 18.327% ▼ $0.79 ▲ $20.54M ▲
Q3-2024 $-56.692M $35.798M $-95.707M 168.819% $-6.05 $-127.683M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.448B ▲ $6.25B ▲ $5.644B ▲ $606.056M ▲
Q2-2025 $1.404B ▼ $6.161B ▼ $5.572B ▼ $589.04M ▲
Q1-2025 $1.556B ▲ $6.254B ▲ $5.675B ▼ $579.625M ▲
Q4-2024 $1.533B ▼ $6.236B ▼ $5.677B ▼ $559.696M ▼
Q3-2024 $1.825B $6.552B $5.99B $562.238M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $9.98M ▼ $24.916M ▲ $2.125M ▼ $-108.501M ▼ $-81.46M ▼ $23.785M ▲
Q1-2025 $15.138M ▼ $8.675M ▼ $35.462M ▼ $1.873M ▲ $46.01M ▲ $8.265M ▼
Q4-2024 $16.33M ▲ $31.122M ▲ $277.033M ▲ $-305.128M ▼ $3.027M ▼ $30.085M ▲
Q3-2024 $-95.707M ▼ $-2.758M ▼ $35.93M ▼ $67.128M ▲ $100.3M ▲ $-2.976M ▼
Q2-2024 $15.819M $25.232M $37.677M $-59.103M $3.806M $24.602M

Five-Year Company Overview

Income Statement

Income Statement Revenue over the past several years has been fairly steady, but profitability has been quite uneven. After a few decent years of earnings, the most recent year shows a clear step down into a loss, driven by much weaker margins and higher costs relative to revenue. The swing from healthy profits to a loss suggests pressure on net interest margins, credit costs, or both. Overall, the income statement tells a story of a community bank whose core revenue base is stable, but whose earnings power has recently been squeezed and will need rebuilding.

Balance Sheet

Balance Sheet The balance sheet looks generally conservative and stable. Total assets have moved only modestly over time, indicating a largely steady franchise rather than aggressive expansion. Debt levels have come down meaningfully from earlier years, while equity has slowly built up, which points to deliberate de‑risking and a focus on capital strength. Cash balances have fluctuated but remain reasonable for a regional bank. In simple terms, the balance sheet appears more cautious than stretched, giving the bank some room to absorb bumps in earnings.

Cash Flow

Cash Flow Cash generation from the core business has stayed positive each year, even when accounting profits weakened. Free cash flow closely tracks operating cash flow, since the bank has minimal traditional capital spending, which is typical for a financial institution. The peak cash generation was a couple of years ago, with a modest softening more recently, mirroring the earnings pattern but in a less dramatic way. Overall, cash flow suggests a franchise that still produces cash reliably, even as profitability has been under pressure on paper.

Competitive Edge

Competitive Edge MidWestOne operates as a classic community bank, leaning heavily on local relationships, personalized service, and a visible presence in its markets. Its strengths include a deep-rooted customer base, specialized lending niches such as medical professionals, agricultural lending, government-backed mortgages, and a growing wealth management offering. These areas create some differentiation versus larger, more generic competitors. At the same time, it faces ongoing competition from big banks and digital-first players that can spend more on technology and marketing. The pending merger with Nicolet aims to enhance scale and geographic reach, which could strengthen its competitive footing if integration is well managed.

Innovation and R&D

Innovation and R&D The bank is not a cutting-edge fintech player, but it is making practical, targeted technology upgrades. Digital onboarding has been streamlined, sharply cutting the time needed to open and fund accounts, which should help customer acquisition and satisfaction. Planned moves to a more modern commercial banking platform and the rollout of workflow tools like ServiceNow are aimed at making operations faster and more efficient behind the scenes. A new technology leader has been brought in to accelerate this shift. The upcoming merger with Nicolet is a turning point: success will depend on harmonizing systems and lifting the overall digital experience, especially where the current consumer app is still only average.

Summary

MidWestOne looks like a relationship-driven regional bank that has run into a tougher earnings patch after several more solid years. Profitability has weakened sharply in the most recent period, but the balance sheet appears prudent, with lower reliance on debt and steady capital, and cash flow from operations remains positive. Strategically, the bank is leaning into its traditional strengths—local presence, specialized lending, wealth management—while gradually upgrading its technology rather than trying to reinvent itself as a fintech. The merger with Nicolet is the key catalyst: it offers greater scale, broader markets, and a stronger tech and innovation agenda, but also introduces integration, cultural, and execution risks. The overall picture is of a stable but currently pressured franchise, with meaningful upside potential from better earnings, technology execution, and merger synergies, balanced by the uncertainties of credit quality, margin recovery, and integration performance.

NEWS

October 27, 2025 · 9:00 AM UTC

MOFG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of MidWestOne Financial Group, Inc. Is Fair to Shareholders

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October 25, 2025 · 11:48 AM UTC

MidWestOne Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of MidWestOne Financial Group, Inc. - MOFG

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October 24, 2025 · 5:30 PM UTC

$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of MidWestOne Financial Group, Inc. (NASDAQ: MOFG)

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October 23, 2025 · 9:03 PM UTC

MOFG STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF MIDWESTONE FINANCIAL GROUP, INC. IS FAIR TO SHAREHOLDERS

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October 23, 2025 · 8:55 PM UTC

Shareholder Alert: The Ademi Firm investigates whether MidWestOne Financial Group, Inc. is obtaining a Fair Price for its Public Shareholders

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