Midwestone Financial Group Inc (Iowa) - Understand $mofg stock

$MOFG Market Cap: $454 Million

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Financial Snapshot

Revenue

$271.3M

TTM

Gross Margin

Net Earnings

$30.96M

TTM

Current Assets

Current Liabilities

$414.7M

Q2 2024

Current Ratio

Total Assets

$6.582B

Q2 2024

Total Liabilities

$6.038B

Q2 2024

Book Value

$543.3M

Q2 2024

Cash

$101.6M

Q2 2024

P/E

14.66

Sep 13, 2024 EST

Free Cash Flow

$52.59M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Revenue	$249.6M	$196.8M	$176.8M	$184.8M	$182.4M	$128.1M	$118.9M	$112.3M	$100.7M	$64.40M	$66.09M	$69.30M	$68.58M	$70.98M	$73.36M
YoY Change	26.86%	11.31%	-4.34%	1.29%	42.41%	7.72%	5.87%	11.55%	56.36%	-2.56%	-4.63%	1.05%	-3.38%	-3.24%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$249.6M	$196.8M	$176.8M	$184.8M	$182.4M	$128.1M	$118.9M	$112.3M	$100.7M	$64.40M	$66.09M	$69.30M	$68.58M	$70.98M	$73.36M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.100M	$5.100M	$4.800M	$4.555M	$2.751M	$9.045M	$8.434M	$4.450M	$3.300M	$2.200M	$2.400M	$2.300M	$2.500M	$2.700M	$5.800M	$3.200M	$1.300M	$1.300M	$2.100M
YoY Change	0.0%	6.25%	5.38%	65.58%	-69.59%	7.24%	89.53%	34.85%	50.0%	-8.33%	4.35%	-8.0%	-7.41%	-53.45%	81.25%	146.15%	0.0%	-38.1%	-4.55%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$105.4M	$30.40M	$20.49M	$31.82M	$38.79M	$22.84M	$15.15M	$12.72M	$10.65M	$9.551M	$12.13M	$15.95M	$19.78M	$23.12M	$28.24M
YoY Change	246.83%	48.41%	-35.63%	-17.96%	69.83%	50.82%	19.05%	19.48%	11.49%	-21.27%	-23.95%	-19.37%	-14.42%	-18.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Pretax Income	$24.83M	$76.60M	$89.48M	$13.32M	$50.20M	$37.97M	$29.08M	$27.25M	$32.94M	$25.55M	$25.25M	$21.75M	$17.92M	$13.53M	$4.330M	-$25.00M	$9.000M	$7.900M	$9.200M
YoY Change	-67.58%	-14.4%	571.66%	-73.46%	32.22%	30.59%	6.69%	-17.26%	28.9%	1.19%	16.12%	21.36%	32.42%	212.54%	-117.32%	-377.78%	13.92%	-14.13%	3.37%
Income Tax	$3.974M	$15.76M	$19.99M	$6.699M	$6.573M	$7.617M	$10.38M	$6.860M	$7.819M	$7.031M	$6.646M	$5.214M	$4.609M	$3.403M	-$79.00K	-$500.0K	$2.300M	$2.100M	$3.100M
% Of Pretax Income	16.0%	20.58%	22.34%	50.29%	13.09%	20.06%	35.69%	25.17%	23.74%	27.52%	26.32%	23.97%	25.72%	25.15%	-1.82%		25.56%	26.58%	33.7%
Net Earnings	$20.86M	$60.84M	$69.49M	$6.623M	$43.63M	$30.35M	$18.70M	$20.39M	$25.12M	$18.52M	$18.61M	$16.53M	$13.31M	$10.13M	$4.409M	-$24.60M	$6.600M	$5.800M	$6.100M
YoY Change	-65.71%	-12.45%	949.16%	-84.82%	43.75%	62.31%	-8.3%	-18.82%	35.61%	-0.46%	12.54%	24.21%	31.4%	129.76%	-117.92%	-472.73%	13.79%	-4.92%	5.17%
Net Earnings / Revenue	8.36%	30.92%	39.31%	3.58%	23.91%	23.69%	15.72%	18.15%	24.94%	28.76%	28.15%	23.86%	19.41%	14.27%	6.01%
Basic Earnings Per Share	$1.33	$3.89	$4.38	$0.41	$2.93	$2.48	$1.55	$1.78	$2.42	$2.20	$2.19	$1.95	$1.47	$1.08	$0.42
Diluted Earnings Per Share	$1.33	$3.875M	$4.37	$0.41	$2.93	$2.48	$1.55	$1.78	$2.42	$2.19	$2.18	$1.94	$1.47	$1.07	$0.42	-$3.114M	$1.269M	$1.115M	$1.605M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$88.08M	$87.13M	$86.30M	$90.00M	$95.20M	$75.80M	$76.00M	$75.00M	$76.20M	$37.80M	$27.70M	$25.60M	$26.30M	$26.50M	$29.00M	$28.70M	$11.80M	$12.30M	$10.80M
YoY Change	1.09%	0.96%	-4.11%	-5.46%	25.59%	-0.26%	1.33%	-1.57%	101.59%	36.46%	8.2%	-2.66%	-0.75%	-8.62%	1.05%	143.22%	-4.07%	13.89%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets					$600.0K	$8.300M	$6.500M	$6.500M	$900.0K	$3.100M	$8.200M	$1.500M	$3.700M	$6.400M	$5.200M	$5.600M	$1.800M
YoY Change					-92.77%	27.69%	0.0%	622.22%	-70.97%	-62.2%	446.67%	-59.46%	-42.19%	23.08%	-7.14%	211.11%
Total Long-Term Assets
YoY Change
Total Assets	$6.428B	$6.578B	$6.025B	$5.557B	$4.654B	$3.292B	$3.212B	$3.080B	$2.980B	$1.800B	$1.755B	$1.793B	$1.695B	$1.581B	$1.535B	$1.509B	$702.0M	$744.9M	$676.3M
YoY Change
Accounts Payable						$1.800M	$1.400M	$1.500M	$1.500M	$900.0K	$800.0K	$1.500M	$1.500M	$1.900M	$2.200M	$2.800M	$1.700M	$2.800M	$1.700M
YoY Change						28.57%	-6.67%	0.0%	66.67%	12.5%	-46.67%	0.0%	-21.05%	-13.64%	-21.43%	64.71%	-39.29%	64.71%
Accrued Expenses	$3.078M	$3.359M	$3.800M	$4.600M	$5.400M
YoY Change	-8.37%	-11.61%	-17.39%	-14.81%
Deferred Revenue
YoY Change
Short-Term Debt	$5.064M	$391.9M	$181.4M	$230.8M	$139.3M	$131.4M	$97.20M	$117.9M	$69.00M	$78.20M	$66.70M	$68.80M	$57.20M	$50.20M	$45.00M	$57.30M	$46.00M	$500.0K	$7.600M
YoY Change	-98.71%	116.03%	-21.4%	65.69%	6.01%	35.19%	-17.56%	70.87%	-11.76%	17.24%	-3.05%	20.28%	13.94%	11.56%	-21.47%	24.57%	9100.0%	-93.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$8.142M	$3.359M	$3.800M	$4.600M	$5.400M	$1.800M	$1.400M	$1.500M	$1.500M	$900.0K	$800.0K	$1.500M	$1.500M	$1.900M	$2.200M	$2.800M	$1.700M	$2.800M	$1.700M
YoY Change	142.39%	-11.61%	-17.39%	-14.81%	200.0%	28.57%	-6.67%	0.0%	66.67%	12.5%	-46.67%	0.0%	-21.05%	-13.64%	-21.43%	64.71%	-39.29%	64.71%
Long-Term Debt	$117.0M	$139.2M	$106.8M	$117.5M	$86.00M	$31.40M	$36.30M	$41.20M	$46.10M	$15.50M	$15.50M	$15.50M	$15.50M	$15.50M	$15.60M	$15.60M	$0.00	$14.40M	$16.40M
YoY Change	-15.93%	30.35%	-9.11%	36.63%	173.89%	-13.5%	-11.89%	-10.63%	197.42%	0.0%	0.0%	0.0%	0.0%	-0.64%	0.0%		-100.0%	-12.2%
Other Long-Term Liabilities	$80.85M	$85.06M	$43.10M	$50.30M	$39.50M	$20.80M	$16.70M	$18.10M	$16.70M	$11.50M	$12.50M	$13.30M	$17.90M	$8.700M	$9.700M	$15.90M	$3.200M	$5.000M	$3.900M
YoY Change	-4.95%	97.35%	-14.31%	27.34%	89.9%	24.55%	-7.73%	8.38%	45.22%	-8.0%	-6.02%	-25.7%	105.75%	-10.31%	-38.99%	396.88%	-36.0%	28.21%
Total Long-Term Liabilities	$197.9M	$224.3M	$149.9M	$167.8M	$125.5M	$52.20M	$53.00M	$59.30M	$62.80M	$27.00M	$28.00M	$28.80M	$33.40M	$24.20M	$25.30M	$31.50M	$3.200M	$19.40M	$20.30M
YoY Change	-11.76%	49.61%	-10.67%	33.71%	140.42%	-1.51%	-10.62%	-5.57%	132.59%	-3.57%	-2.78%	-13.77%	38.02%	-4.35%	-19.68%	884.38%	-83.51%	-4.43%
Total Liabilities	$5.903B	$6.085B	$5.498B	$5.041B	$4.145B	$2.934B	$2.872B	$2.774B	$2.684B	$1.608B	$1.577B	$1.619B	$1.539B	$1.423B	$1.383B	$1.379B	$624.6M	$682.4M	$617.9M
YoY Change	-2.99%	10.68%	9.05%	21.64%	41.24%	2.17%	3.53%	3.36%	66.94%	1.93%	-2.58%	5.21%	8.15%	2.91%	0.29%	120.72%	-8.47%	10.44%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Basic Shares Outstanding	15.68M shares	15.65M shares	15.88M shares	16.10M shares	14.87M shares	12.22M shares	12.04M shares	11.43M shares	10.36M shares	8.405M shares	8.478M shares
Diluted Shares Outstanding	15.72M shares	15.70M shares	15.91M shares	16.11M shares	14.88M shares	12.24M shares	12.06M shares	11.46M shares	10.39M shares	8.433M shares	8.525M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $453.96 Million

About Midwestone Financial Group Inc (IOWA)

MidWestOne Financial Group, Inc. is a financial holding company, focuses on delivering relationship-based business and personal banking products and services through its bank subsidiary, MidWestOne Bank. The company is headquartered in Iowa City, Iowa and currently employs 732 full-time employees. The company went IPO on 2008-03-17. 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.

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