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Published on 26 Oct 2023 on GuruFocus.com via Yahoo Finance

MidWestOne Financial Group Inc (MOFG) Reports Q3 2023 Earnings

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MidWestOne Financial Group Inc (NASDAQ:MOFG) reports a net income of $9.1 million for Q3 2023, up from $7.6 million in the linked quarter.The company registered an annualized loan growth of 4.8% and a 2% increase in core deposits, amounting to $83.2 million.Efficiency ratio improved to 66.06%, indicating better operational efficiency.The company announced the sale of its Florida operations and the acquisition of Denver Bankshares, Inc. as part of its strategic geographic repositioning.

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