MidWestOne Financial Group Reports Q4 Net Income of $16.3 Million
IOWA CITY, Iowa (AP) - MidWestOne Financial Group Inc. (MOFG) announced net income of $16.3 million for the fourth quarter, marking a growth of 0.23%.
The Iowa City-based bank reported earnings per share of 78 cents, with adjusted earnings reaching 77 cents per share. MidWestOne Bank's holding company generated revenue of $89.1 million, exceeding analysts' expectations. Revenue net of interest expenses amounted to $59.8 million.
For the full year, MOFG reported a profit of $60.3 million or $3.54 per share, on revenue of $69.3 million.