---
schema_version: "secwatch.filing_event.v1"
accession: "0001412665-24-000061"
form_type: "8-K"
ticker: null
cik: "0001412665"
company_name: "MidWestOne Financial Group, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:46:04.421848+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MidWestOne Financial Q1 net income $0.21 EPS; NIM expands to 2.33%; dividend declared

## Summary
- Net income $3.3M ($0.21 diluted EPS); revenue $44.5M; net interest income up 7% linked quarter.
- Net interest margin (tax-equivalent) 2.33%, up 11 bps from Q4 2023; earning asset yield +20 bps.
- Completed Denver Bankshares acquisition on Jan 31; day-1 credit loss expense $3.2M; merger costs $1.3M.
- Declared $0.2425 per share dividend payable June 17, 2024; record date June 3.
- Nonperforming assets ratio 0.49% (stable); allowance for credit losses ratio 1.27%.

## SEC filing metadata
- accession: 0001412665-24-000061
- form_type: 8-K
- cik: 0001412665
- company_name: MidWestOne Financial Group, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1412665/000141266524000061/0001412665-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1412665/000141266524000061/mofg-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001412665-24-000061
- JSON: https://secwatch.observer/filing/0001412665-24-000061.json
- Plain text: https://secwatch.observer/filing/0001412665-24-000061.txt

## Key facts
- Earnings Releases
  MidWestOne Financial Group, Inc. reported first quarter of 2024 results: revenue $44.5 million, net income $3.3 million, EPS $0.21 per diluted common share.
  - Period: first quarter of 2024
  - Revenue: $44.5 million
  - Net income: $3.3 million
  - EPS: $0.21 per diluted common share
  - Result: reported results
  source text: MidWest One Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the "Company”) today reported results for the first quarter of 2024. First Quarter 2024 Summary 1 • Completed acquisition of Denver Bankshares, Inc. ("DNVB"), the related core banking system conversion, and closure of the legacy MidWest One Denver banking office. • Net income of $3.3 million, or $0.21 per diluted common share. ◦ Revenue was $44.5 million, comprised of net interest income of $34.7 million and noninterest income of $9.8 million, which included a negative MSR valuation adjustment of $368 thousand.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1412665/000141266524000061/0001412665-24-000061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.