MidWestOne Financial Group, Inc. (MOFG)

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 Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. It offers its products and services primarily through its full-service branch network, including 34 branches located throughout central and eastern Iowa, 13 branches located principally in the Minneapolis-St. Paul metropolitan area of Minnesota, seven branches in western Wisconsin, one branch in each of Naples and Fort Myers, Florida, and one branch in Denver, Colorado. MidWestOne Financial Group was founded in 1983 and is headquartered in Iowa City, IA.

Address

102 SOUTH CLINTON ST.
IOWA CITY, IA 52240

Founded

1983

Number of Employees

732

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$4,024 - - - $2,129 $4,679 $4,624 $11,554 $3,003 $605 $522 $3,893
Average Price $23.98 - - - $27.96 $28.06 $25.77 $29.21 $29.96 $29.77 $24.48 $27.62
# Shares Purchased 167,808 - - - 76,128 166,729 179,428 395,540 100,242 20,336 21,308 140,940
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 16.8% - - - 0.1% -0.2% 8.6% -4.1% -6.5% -5.9% 14.4% 1.4%
S&P 500 Return to Date 191.3% - - - 111.7% 99.6% 80.7% 36.1% 41.9% 35.7% 10.0% 75.9%
Excess Total Return -174.6% - - - -111.6% -99.8% -72.1% -40.2% -48.4% -41.7% 4.4% -74.5%
Quartile Rank
Percentile Rank 36% - - - 35% 34% 34% 41% 39% 31% 63% 43%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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