Company Quick10K Filing
Midwestone Financial Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 16 $495
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-05 Quarter: 2018-09-30
10-Q 2018-08-02 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-03-01 Annual: 2017-12-31
10-Q 2017-11-02 Quarter: 2017-09-30
10-Q 2017-08-03 Quarter: 2017-06-30
10-Q 2017-05-04 Quarter: 2017-03-31
10-K 2017-03-02 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-05 Quarter: 2016-03-31
10-K 2016-03-03 Annual: 2015-12-31
10-Q 2015-10-29 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-Q 2015-04-30 Quarter: 2015-03-31
10-K 2015-03-05 Annual: 2014-12-31
10-Q 2014-10-30 Quarter: 2014-09-30
10-Q 2014-07-31 Quarter: 2014-06-30
10-Q 2014-05-01 Quarter: 2014-03-31
10-K 2014-03-06 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-30
10-Q 2013-08-01 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-07 Annual: 2012-12-31
10-Q 2012-11-02 Quarter: 2012-09-30
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-03 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2011-12-31
10-Q 2011-11-03 Quarter: 2011-09-30
10-Q 2011-08-04 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-04 Annual: 2010-12-31
10-Q 2010-11-03 Quarter: 2010-09-30
10-Q 2010-08-04 Quarter: 2010-06-30
10-Q 2010-05-05 Quarter: 2010-03-31
10-K 2010-03-08 Annual: 2009-12-31
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-08-20 Other Events
8-K 2019-07-26 Regulation FD, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-07-16 Other Events
8-K 2019-05-28 Officers
8-K 2019-05-01 M&A, Officers, Amend Bylaw, Other Events, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-18 Shareholder Vote, Other Events, Exhibits
8-K 2019-02-27 Officers
8-K 2019-01-24 Earnings, Exhibits
8-K 2019-01-15 Other Events, Exhibits
8-K 2019-01-11 Shareholder Vote
8-K 2018-12-20 Officers
8-K 2018-11-05 Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-16 Other Events, Exhibits
8-K 2018-10-01 Officers
8-K 2018-08-31 Officers, Exhibits
8-K 2018-08-21 Enter Agreement, Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-17 Officers, Other Events, Exhibits
8-K 2018-06-20 Officers
8-K 2018-06-11 Officers, Exhibits
8-K 2018-05-04 Officers, Exhibits
8-K 2018-04-26 Officers
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-19 Shareholder Vote, Other Events, Exhibits
8-K 2018-04-17 Regulation FD, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2018-01-17 Regulation FD, Other Events, Exhibits

Midwestone Financial Group Financials

MOFG Metrics, Comps, Filings

Annual | Quarterly

Business

Note 1.Nature of Business and Significant Accounting Policies

Nature of business: MidWestOne Financial Group, Inc. (the "Company"), is a bank holding company registered under the Bank Holding Company Act of 1956, as amended, that has elected to be a financial holding company. It is headquartered in Iowa City, Iowa and owns all of the outstanding common stock of MidWestOne Bank (the "Bank"), Iowa City, Iowa, and all of the common stock of MidWestOne Insurance Services, Inc., Oskaloosa, Iowa. The Bank is also headquartered in Iowa City, Iowa, and provides services to individuals, businesses, governmental units and institutional customers through a total of 45 banking offices in central and east-central Iowa, the Twin Cities metro area in Minnesota and western Wisconsin, Naples and Fort Myers, Florida, and Denver, Colorado. MidWestOne Insurance Services, Inc. provides personal and business insurance services in Cedar Falls, Conrad, Melbourne, Oskaloosa, Parkersburg, and Pella, Iowa. The Bank is actively engaged in many areas of commercial banking, including: acceptance of demand, savings and time deposits; making commercial, real estate, agricultural and consumer loans, and other banking services tailored for its individual customers. The wealth management area of the Bank administers estates, personal trusts, and conservatorships accounts along with providing other management services to customers.

On May 1, 2015, the Company acquired Central Bancshares, Inc., a Minnesota corporation. In connection with the merger, Central Bank, a Minnesota-chartered commercial bank and wholly-owned subsidiary of Central, became a wholly-owned subsidiary of the Company. Per the merger agreement, each of the outstanding shares of Central common stock was converted into the pro rata portion of 2,723,083 shares of Company common stock and $64.0 million in cash. On April 2, 2016, Central Bank merged with and into the Bank.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Mid Illinois Bancshares (FMBH) 576 5.2 1% 3,843 3,334 0 0 42 78 407
Bank of Marin Bancorp (BMRC) 574 -6.2 1% 2,464 2,136 0 0 34 53 -328
Bridge Bancorp (BDGE) 568 0% 4.2 1% 4,715 4,239 10 0 44 97 409
People's Utah Bancorp (PUB) 555 9.2 2% 2,312 1,999 0 0 43 60 555
QCR Holdings (QCRH) 548 0% 3.8 1% 5,195 4,691 262 0 49 121 460
Mercantile Bank (MBWM) 530 6.3 1% 3,576 3,176 0 0 45 84 530
Heritage Commerce (HTBK) 528 0% 3.0 2% 3,108 2,720 5 0 49 84 252
First of Long Island (FLIC) 527 0% 8.9 1% 4,202 3,811 2 0 42 92 818
First Community Bancshares (FCBC) 516 6.6 2% 2,212 1,878 0 0 38 54 359
Independent Bank (IBCP) 509 0% 6.2 1% 3,438 3,107 27 0 42 73 454
Midwestone Financial Group (MOFG) 495 9.4 1% 4,662 4,174 0 0 32 79 748
First Financial (THFF) 492 6.4 1% 3,064 2,586 0 0 45 67 431
Merchants Bancorp (MBIN) 485 0.6 1% 5,287 4,772 0 0 59 153 86
Arrow Financial (AROW) 479 6.1 1% 3,006 2,721 0 0 36 68 416
Financial Institutions (FISI) 448 5.1 1% 4,314 3,892 0 0 41 95 487
Old Line (OLBK) 448 5.3 1% 3,076 2,686 0 0 36 81 427
Capital City Bank Group (CCBG) 446 10.3 1% 3,018 2,703 0 0 28 43 446
Equity Bancshares (EQBK) 421 2.8 1% 4,180 3,722 0 0 25 86 239
Atlantic Capital Bancshares (ACBI) 416 5.0 2% 2,390 2,053 0 0 50 78 388
Sierra Bancorp (BSRR) 412 5.9 1% 2,577 2,280 0 0 33 59 344

Balance Sheet ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash6643
Accounts Receivable
Inventory
PP&E26533876757676
Assets1,6951942093433473,2123,291
Accounts Payable
Long-Term Debt
Liabilities1,539161647422,8722,934
Stockholders' Equity178193296305340357
Income Statement ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax5-1488108
Net Income13191925201930
Cash Flow ($MM)2011-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating242750104143
Cash Investing-9831-63-0-149-94
Cash Financing87-5-912-1211646