MidWestOne Financial Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
January 27, 2022 at 05:21 pm
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MidWestOne Financial Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported net interest income was USD 38.82 million compared to USD 39.04 million a year ago. Net income was USD 14.26 million compared to USD 16.71 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1.04 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 1.04 a year ago.
For the full year, net interest income was USD 156.28 million compared to USD 152.96 million a year ago. Net income was USD 69.49 million compared to USD 6.62 million a year ago. Basic earnings per share from continuing operations was USD 4.38 compared to USD 0.41 a year ago. Diluted earnings per share from continuing operations was USD 4.37 compared to USD 0.41 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. 
