Overview

• MidWestOne Financial Group Q3 net income rises to $17.0 mln, reflecting improved financial performance

• Revenue for Q3 2025 increased 2% from Q2, driven by higher net interest income

• Company announces partnership with Nicolet Bankshares to create leading midsize bank

Outlook

• Company did not provide specific financial guidance for the current quarter or year in its press release

Result Drivers

• NET INTEREST INCOME - Increased due to higher earning asset volumes, partially offset by higher funding volumes

• NONINTEREST INCOME - Stable at $10.3 mln, driven by growth in investment services and trust activities

• EFFICIENCY RATIO - Improved due to disciplined expense management

Key Details

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 $32.00, about 11.1% above its October 21 closing price of $28.45

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXb90PYD

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(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.)