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.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOFG at https://www.zacks.com/ap/MOFG
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