MidWestOne Financial Group, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2019
January 23, 2020 at 04:00 pm
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MidWestOne Financial Group, Inc. reported consolidated earnings results for the fourth quarter and year ended December 31, 2019. For the quarter, the company reported net interest income of $39.6 million compared to $26.6 million a year ago. Net income was $13.4 million or $0.83 per basic and diluted share compared to $7.6 million or $0.62 per basic and diluted share a year ago.
For the year, the company reported net interest income of $143.7 million compared to $105.3 million a year ago. Net income was $43.6 million or $2.93 per basic and diluted share compared to $30.4 million or $2.48 per basic and diluted share 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. 
