MidWestOne Financial Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:24 pm EDT
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MidWestOne Financial Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 34.58 million compared to USD 45.73 million a year ago. Net income was USD 9.14 million compared to USD 18.32 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 1.17 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 1.17 a year ago.
For the nine months, net interest income was USD 111.61 million compared to USD 122.79 million a year ago. Net income was USD 18.13 million compared to USD 44.83 million a year ago. Basic earnings per share from continuing operations was USD 1.16 compared to USD 2.86 a year ago. Diluted earnings per share from continuing operations was USD 1.15 compared to USD 2.86 a year ago.
MidWestOne Financial Group, Inc. (MidWestOne) is a financial holding company. MidWestOne is the parent company of MidWestOne Bank (the Bank), which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado. MidWestOne provides electronic delivery of financial services through its Website, MidWestOne.bank. The Bank is focused on delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. The Bank also provides deposit products, including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. Complementary to its loan and deposit products, the Bank also provides products and services, including treasury management, Zelle, online and mobile banking, credit and debit cards, ATMs, and safe deposit boxes. The Bank also has a trust department and an investment services department.
MIDWESTONE FINANCIAL GROUP, INC. 
