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Sep 30, 2021
MidwestOne Q3 2021 Earnings Report
Net income of $16.3 million, or $1.03 per diluted common share, was reported for the third quarter of 2021.
Key Takeaways
MidwestOne Financial Group, Inc. reported a net income of $16.3 million, or $1.03 per diluted common share, for the third quarter of 2021. This compares to a net income of $17.3 million for the linked quarter. The company also announced an agreement to acquire Iowa First Bancshares Corp.
Net income for the third quarter was $16.3 million, or $1.03 per diluted common share.
Total revenue, net of interest expense, of $49.5 million.
Excluding PPP loans, commercial loans increased 1.2% compared to the linked quarter.
Efficiency ratio was 56.34%.
Revenue by Segment
Forward Guidance
The company anticipates another sizeable amount of PPP loan forgiveness in the fourth quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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