MidWestOne Q2 net income falls

Midwestone Financial (IOWA)

24/07/2025 21:50

Overview

MidWestOne Q2 pre-tax, pre-provision net revenue rises to $24.5 mln

Net income impacted by $24 mln CRE office credit, credit loss expense $11.9 mln

Outlook

Company expects full-year effective tax rate to be 22-23%

Result Drivers

NET INTEREST MARGIN - Expansion driven by strong loan growth and re-pricing, contributing to a 5% increase in net interest income

CREDIT LOSS IMPACT - $24 mln CRE office credit led to $11.9 mln credit loss expense, affecting net income

FEE INCOME GROWTH - Investments in fee income businesses resulted in increased revenues from wealth management, SBA, and residential mortgages

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.48
Q2 Net Income
$9.98 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Midwestone Financial Group Inc (IOWA) is $35.00, about 14.7% above its July 23 closing price of $29.86

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX3sHFvZ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)