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Midwestone Financial Group (MOFG)
NASDAQ:MOFG
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Midwestone Financial Group
(NASDAQ:MOFG)
52Neutral
Midwestone Financial Group (MOFG) vs. S&P 500 (SPY)
Market Cap
$595.54M
Dividend Yield3.39%
Average Volume (3M)114.19K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-27.64%
EPS Growth-343.61%
CountryUS
Employees757
SectorFinancial
Sector Strength87
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.73
Shares Outstanding20,815,716
10 Day Avg. Volume100,779
30 Day Avg. Volume114,186
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.11
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit9.55
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$35.50Price Target Upside24.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Midwestone Financial Group Business Overview & Revenue Model
Company DescriptionMidwestone Financial Group, Inc. (MOFG) is a financial services company headquartered in Iowa City, Iowa. The company operates primarily in the banking sector, providing a comprehensive range of financial products and services. Its core offerings include personal and commercial banking, mortgage lending, investment services, and wealth management. Midwestone Financial Group is dedicated to serving the financial needs of individuals, businesses, and communities in its operating regions.
How the Company Makes MoneyMidwestone Financial Group makes money through various revenue streams typical of a diversified financial services company. The primary source of revenue comes from interest income generated from loans and leases offered to individuals and businesses. This includes personal and commercial loans, mortgage loans, and other forms of credit. The company also earns non-interest income through fees and service charges associated with deposit accounts, transaction processing, and other banking services. Additionally, Midwestone Financial Group benefits from investment and wealth management services, earning fees from advisory services and asset management. These revenue streams are supported by a strong network of branches and digital banking platforms, enabling the company to reach a broad customer base. Significant partnerships with other financial institutions and service providers may also contribute to its earnings by enhancing product offerings and operational efficiency.
Midwestone Financial Group Financial Statement Overview
Summary
Midwestone Financial Group is facing a challenging financial landscape, with income statement pressures leading to a net loss in the latest period. While the balance sheet remains stable, recent profitability issues are concerning. Cash flow remains resilient, providing some cushion against income volatility. Overall, the company needs to address its profitability challenges to ensure long-term financial stability.Income Statement
The income statement reflects a challenging year with a significant decline in net income, resulting in a net loss for the latest period. Gross profit margin is stable as gross profit equals total revenue, but net profit margin has turned negative. EBIT margin shows a positive trend, improving significantly from the previous year. However, revenue growth is inconsistent and volatile, indicating potential risks ahead.―
Balance Sheet
The balance sheet shows a stable equity position, with an improving debt-to-equity ratio indicating prudent financial management. Return on equity has turned negative due to the net loss, which is a concern. The equity ratio remains stable, reflecting a balanced approach to asset management. Overall, the balance sheet is fairly stable but with some concerns due to recent profitability issues.60
Cash Flow
Cash flow analysis reveals stable operating cash flow despite the net income loss. The operating cash flow to net income ratio is strong, indicating healthy cash generation relative to income. However, free cash flow growth is stagnant, and the free cash flow to net income ratio is impacted by the net loss. The cash flow statement shows resilience but highlights potential liquidity concerns if income issues persist.―
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 294.27M | 162.59M | 213.88M | 198.73M | 191.58M | Gross Profit |
| 69.29M | 162.59M | 213.88M | 198.73M | 191.58M | EBIT |
| 291.63M | 24.83M | 111.09M | 89.48M | 13.32M | EBITDA |
| 0.00 | 0.00 | 86.76M | 91.04M | 17.88M | Net Income Common Stockholders |
| -60.29M | 20.86M | 60.84M | 69.49M | 6.62M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.40B | 871.37M | 1.24B | 2.49B | 1.74B | Total Assets |
| 6.24B | 6.43B | 6.58B | 6.03B | 5.56B | Total Debt |
| 116.56M | 418.50M | 531.08M | 336.25M | 439.48M | Net Debt |
| 44.76M | 336.78M | 444.65M | 132.42M | 356.99M | Total Liabilities |
| 5.68B | 5.90B | 6.09B | 5.50B | 5.04B | Stockholders Equity |
| 559.70M | 524.38M | 492.79M | 527.48M | 515.25M |
| Cash Flow | Free Cash Flow | |||
| 63.18M | 58.52M | 87.67M | 109.54M | 7.03M | Operating Cash Flow |
| 63.18M | 62.57M | 90.33M | 111.55M | 9.16M | Investing Cash Flow |
| 312.30M | 129.73M | -273.27M | -428.32M | -867.44M | Financing Cash Flow |
| -252.32M | -197.01M | 65.55M | 437.94M | 867.46M |
Midwestone Financial Group Technical Analysis
Positive
28.61
Price Trends
28.54
Positive
29.57
Negative
29.08
Negative
Market Momentum
-0.05
Negative
55.34
Neutral
75.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MOFG, the sentiment is Positive. The current price of 28.61 is above the 20-day moving average (MA) of 27.23, above the 50-day MA of 28.54, and below the 200-day MA of 29.08, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 55.34 is Neutral, neither overbought nor oversold. The STOCH value of 75.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MOFG.
Midwestone Financial Group Risk Analysis
Midwestone Financial Group disclosed 41 risk factors in its most recent earnings report. Midwestone Financial Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Midwestone Financial Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $702.60M | 10.73 | 9.47% | ― | 14.53% | -2.85% | |
79 Outperform | $637.00M | 11.09 | 11.83% | 2.44% | 8.13% | 11.18% | |
78 Outperform | $599.27M | 10.67 | 11.12% | 1.69% | 13.46% | 8.31% | |
74 Outperform | $621.64M | 11.23 | 9.99% | 1.30% | 5.23% | -7.72% | |
73 Outperform | $601.06M | 12.41 | 13.78% | 2.84% | 17.35% | -13.53% | |
64 Neutral | $12.61B | 9.78 | 8.01% | 16985.69% | 12.73% | -4.58% | |
52 Neutral | $595.54M | ― | -8.74% | 3.39% | -27.64% | -343.61% |
* Financial Sector Average
Performance Comparison
MOFG
Midwestone Financial Group
28.61
8.08
39.36%
CCBG
Capital City Bank
37.35
10.64
39.84%
SMBC
Southern Missouri Bancorp
53.14
12.53
30.85%
HTB
Hometrust Bancshares
35.42
8.94
33.76%
MCB
Metropolitan Bank Holding
63.49
20.08
46.26%
FSBC
Five Star
28.18
6.61
30.64%
Midwestone Financial Group Earnings Call Summary
Earnings Call Date:Jan 22, 2026
(Q1-2025)
| % Change Since: 0.53%|
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Neutral
The earnings call reflected a mixture of positive aspects, such as increased net income, improved asset quality, and strategic initiatives, alongside challenges like flat loan growth and decreased net interest income. The balance of highlights and lowlights suggests a stable financial performance with room for growth.Q1-2025 Updates
Positive Updates
Increase in Net Income and Return on Assets
Net income for the quarter was $15.1 million, with a return on average assets of 1%.
Improvement in Asset Quality Metrics
Criticized assets decreased by $24 million or 9%, and the nonperforming assets ratio improved by 7 basis points to 0.33%.
Expansion of Core Net Interest Margin
Core net interest margin increased by 10 basis points.
Significant Increase in SBA Gain on Sale Income
SBA gain on sale income rose by 52% from the same period last year.
Strong Loan Origination Activity
Commercial originations were up 4% from the year-ago period and 37% from the linked quarter.
Increase in Shareholders' Equity
Shareholders' equity increased by $20 million to $579.6 million.
Stable Deposit Franchise
Deposits were essentially flat, reflecting stability despite seasonal fluctuations.
Successful Strategic Initiatives
New commercial banker hires and technology investments are expected to enhance future performance.
Negative Updates
Flat Loan Growth
Loan growth was flat due to elevated payoffs, although origination activity remained solid.
Decreased Net Interest Income
Net interest income decreased by $1.5 million due to lower earning asset volumes and yields.
Decrease in Non-Interest Income
Non-interest income decreased due to a decline in wealth management business and SBA gain on sale revenue compared to the linked quarter.
Increased Charge-offs
Charge-offs increased to 29 basis points, mainly due to the partial charge-off of a previously reserved CRE loan.
Company Guidance
During the MidWestOne Financial Group's first quarter 2025 earnings call, several key financial metrics were highlighted. The company reported a net income of $15.1 million, with a return on average assets of 1%. Despite flat loan growth due to elevated payoffs, the core net interest margin improved by 10 basis points. Asset quality metrics showed improvement, with criticized assets decreasing by $24 million (9%) and the nonperforming assets ratio improving by 7 basis points to 0.33%. Charge-offs increased to 29 basis points for the quarter, primarily due to a partial charge-off of a previously reserved CRE loan. The allowance for credit losses remained ample at 1.25% of loans. Additionally, the company's shareholders' equity increased by $20 million to $579.6 million, and the CET1 ratio rose to 10.97%. The core net interest margin increased to 3.36%, driven by a decrease in the cost of interest-bearing liabilities and an expansion in core earning asset yields. The company aims to maintain annual expenses in the range of $145 million to $147 million for 2025.Midwestone Financial Group Corporate Events
Business Operations and Strategy
MidWestOne Financial Group Schedules Investor Presentations
Neutral
Apr 28, 2025
MidWestOne Financial Group announced that its executive officers will present to institutional investors during the second quarter of 2025. The presentations aim to provide insights into the company’s operations and market positioning, potentially impacting investor perceptions and stakeholder interests. The materials for these presentations are available on the company’s website, reflecting MidWestOne’s commitment to transparency and engagement with the investment community.
Spark’s Take on MOFG Stock
According to Spark, TipRanks’ AI Analyst, MOFG is a Neutral.
The overall stock score of 56.5 reflects a challenging environment for Midwestone Financial Group. The key concerns are the company’s net loss and negative P/E ratio, indicating significant profitability challenges. However, positive aspects include stable cash flow and an attractive dividend yield, as well as improved asset quality and strategic initiatives highlighted during the earnings call. Technical analysis shows mixed signals, suggesting caution. The stock may offer potential for recovery if the company successfully addresses its income and growth challenges.
To see Spark’s full report on MOFG stock, click here.
Financial Disclosures
MidWestOne Financial to Announce Q1 2025 Results
Neutral
Apr 11, 2025
On April 11, 2025, MidWestOne Financial Group, Inc. announced it will release its first quarter 2025 financial results after market close on April 24, 2025. The company will host a conference call on April 25, 2025, to discuss these results, providing an update on recent activities and financial performance.
Spark’s Take on MOFG Stock
According to Spark, TipRanks’ AI Analyst, MOFG is a Neutral.
MidWestOne Financial Group’s stock score reflects its current financial challenges, with a net loss impacting valuation and financial performance. While the earnings call indicates potential for improvement, particularly in net interest margin and deposit growth, flat loan growth and higher expenses pose risks. Technical indicators suggest market indecision, and while the dividend yield provides some appeal, the overall outlook remains cautious.
To see Spark’s full report on MOFG stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.