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MidWestOne: 1Q Earnings Snapshot

IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported first-quarter net income of $7.3 million.

The bank, based in Iowa City, Iowa, said it had earnings of 60 cents per share. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The holding company for MidWestOne Bank posted revenue of $38.8 million in the period. Its revenue net of interest expense was $31.4 million, falling short of Street forecasts.

MidWestOne shares have risen 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.60, a decrease of 14 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOFG at https://www.zacks.com/ap/MOFG