IOWA CITY, Iowa (AP) — IOWA CITY, Iowa (AP) — MidWestOne Financial Group Inc. (MOFG) on Thursday reported net income of $1.4 million in its first quarter.
The Iowa City, Iowa-based bank said it had earnings of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 72 cents per share.
The holding company for MidWestOne Bank posted revenue of $55.3 million in the period. Its revenue net of interest expense was $36 million, which missed Street forecasts.
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