IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported fourth-quarter earnings of $13.4 million.
The Iowa City, Iowa-based bank said it had earnings of 83 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 98 cents per share.
The holding company for MidWestOne Bank posted revenue of $59.1 million in the period. Its revenue net of interest expense was $48.6 million, surpassing Street forecasts.
For the year, the company reported profit of $43.6 million, or $2.93 per share. Revenue was reported as $174.9 million.
MidWestOne shares have dropped nearly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.45, a climb of 29% in the last 12 months.