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Mar 31, 2022
MidwestOne Q1 2022 Earnings Report
Reported financial results for the first quarter of 2022.
Key Takeaways
MidwestOne Financial Group reported a net income of $13.9 million, or $0.88 per diluted common share, for the first quarter of 2022. Core commercial annualized loan growth was 5.4% to $2.71 billion. The efficiency ratio was 60.46%.
Net income for the first quarter was $13.9 million, or $0.88 per diluted common share.
Total revenue, net of interest expense, of $49.0 million.
Core commercial annualized loan growth of 5.4% to $2.71 billion.
Efficiency ratio was 60.46%.
MidwestOne
MidwestOne
Forward Guidance
The Company expects to close the Iowa First acquisition in the second quarter and believe this will add to our earnings per share during the remainder of 2022 and beyond.