MidWestOne Financial Group Inc
MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. The company offers various deposit products, including noninterest bearing and interest bearing demand deposits, demand and interest checking, savings, money market, … Read more
MidWestOne Financial Group Inc (MOFG) - Net Assets
Latest net assets as of September 2025: $606.06 Million USD
Based on the latest financial reports, MidWestOne Financial Group Inc (MOFG) has net assets worth $606.06 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.25 Billion) and total liabilities ($5.64 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $606.06 Million |
| % of Total Assets | 9.7% |
| Annual Growth Rate | 10.27% |
| 5-Year Change | 8.63% |
| 10-Year Change | 88.97% |
| Growth Volatility | 16.56 |
MidWestOne Financial Group Inc - Net Assets Trend (1994–2024)
This chart illustrates how MidWestOne Financial Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MidWestOne Financial Group Inc (1994–2024)
The table below shows the annual net assets of MidWestOne Financial Group Inc from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $559.70 Million | +6.74% |
| 2023-12-31 | $524.38 Million | +6.41% |
| 2022-12-31 | $492.79 Million | -6.58% |
| 2021-12-31 | $527.48 Million | +2.37% |
| 2020-12-31 | $515.25 Million | +1.23% |
| 2019-12-31 | $508.98 Million | +42.55% |
| 2018-12-31 | $357.07 Million | +4.93% |
| 2017-12-31 | $340.30 Million | +11.41% |
| 2016-12-31 | $305.46 Million | +3.13% |
| 2015-12-31 | $296.18 Million | +53.67% |
| 2014-12-31 | $192.73 Million | +8.27% |
| 2013-12-31 | $178.02 Million | +2.35% |
| 2012-12-31 | $173.93 Million | +11.14% |
| 2011-12-31 | $156.49 Million | -1.24% |
| 2010-12-31 | $158.47 Million | +4.11% |
| 2009-12-31 | $152.21 Million | +16.78% |
| 2008-12-31 | $130.34 Million | +68.42% |
| 2007-12-31 | $77.39 Million | +23.76% |
| 2006-12-31 | $62.53 Million | +7.10% |
| 2005-12-31 | $58.39 Million | +2.56% |
| 2004-12-31 | $56.93 Million | +1.40% |
| 2003-12-31 | $56.14 Million | +0.80% |
| 2002-12-31 | $55.70 Million | +9.58% |
| 2001-12-31 | $50.83 Million | +3.11% |
| 2000-12-31 | $49.30 Million | -1.87% |
| 1999-12-31 | $50.23 Million | +31.51% |
| 1998-12-31 | $38.20 Million | +3.80% |
| 1997-12-31 | $36.80 Million | +7.60% |
| 1996-12-31 | $34.20 Million | +6.57% |
| 1995-12-31 | $32.09 Million | +7.74% |
| 1994-12-31 | $29.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MidWestOne Financial Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1936.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $217.78 Million | 38.91% |
| Common Stock | $21.58 Million | 3.86% |
| Other Comprehensive Income | $-72.76 Million | -13.00% |
| Other Components | $393.10 Million | 70.23% |
| Total Equity | $559.70 Million | 100.00% |
MidWestOne Financial Group Inc Competitors by Market Cap
The table below lists competitors of MidWestOne Financial Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhiyang Innovation Technology Co. Ltd. A
SHG:688191
|
$789.17 Million |
|
Sify Technologies Limited
NASDAQ:SIFY
|
$789.34 Million |
|
Shanxi Lanhua Sci-Tech Venture Co Ltd
SHG:600123
|
$789.37 Million |
|
TXC Corp
TW:3042
|
$789.61 Million |
|
Clover Health Investments Corp
NASDAQ:CLOV
|
$788.86 Million |
|
Grg Metrology
SHE:002967
|
$788.86 Million |
|
Central Pacific Financial Corp
NYSE:CPF
|
$788.79 Million |
|
Guardian Pharmacy Services, Inc.
NYSE:GRDN
|
$788.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MidWestOne Financial Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 524,378,000 to 559,696,000, a change of 35,318,000 (6.7%).
- Net loss of 60,289,000 reduced equity.
- Dividend payments of 16,509,000 reduced retained earnings.
- Share repurchases of 257,000 reduced equity.
- New share issuances of 118,890,000 increased equity.
- Other comprehensive income decreased equity by 7,863,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-60.29 Million | -10.77% |
| Dividends Paid | $16.51 Million | -2.95% |
| Share Repurchases | $257.00K | -0.05% |
| Share Issuances | $118.89 Million | +21.24% |
| Other Comprehensive Income | $-7.86 Million | -1.4% |
| Other Changes | $1.35 Million | +0.24% |
| Total Change | $- | 6.74% |
Book Value vs Market Value Analysis
This analysis compares MidWestOne Financial Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.50x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.68x to 1.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $10.53 | $49.31 | x |
| 1995-12-31 | $8.48 | $49.31 | x |
| 1996-12-31 | $9.06 | $49.31 | x |
| 1997-12-31 | $9.60 | $49.31 | x |
| 1998-12-31 | $9.97 | $49.31 | x |
| 1999-12-31 | $12.66 | $49.31 | x |
| 2000-12-31 | $11.52 | $49.31 | x |
| 2001-12-31 | $13.14 | $49.31 | x |
| 2002-12-31 | $14.30 | $49.31 | x |
| 2003-12-31 | $14.72 | $49.31 | x |
| 2004-12-31 | $12.21 | $49.31 | x |
| 2005-12-31 | $13.05 | $49.31 | x |
| 2006-12-31 | $18.44 | $49.31 | x |
| 2007-12-31 | $14.96 | $49.31 | x |
| 2008-12-31 | $16.40 | $49.31 | x |
| 2009-12-31 | $17.69 | $49.31 | x |
| 2010-12-31 | $18.35 | $49.31 | x |
| 2011-12-31 | $18.13 | $49.31 | x |
| 2012-12-31 | $20.40 | $49.31 | x |
| 2013-12-31 | $20.88 | $49.31 | x |
| 2014-12-31 | $22.85 | $49.31 | x |
| 2015-12-31 | $28.50 | $49.31 | x |
| 2016-12-31 | $26.66 | $49.31 | x |
| 2017-12-31 | $28.21 | $49.31 | x |
| 2018-12-31 | $29.18 | $49.31 | x |
| 2019-12-31 | $34.19 | $49.31 | x |
| 2020-12-31 | $31.98 | $49.31 | x |
| 2021-12-31 | $33.16 | $49.31 | x |
| 2022-12-31 | $31.39 | $49.31 | x |
| 2023-12-31 | $33.35 | $49.31 | x |
| 2024-12-31 | $32.87 | $49.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MidWestOne Financial Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -10.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -29.26%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 11.14x
- Recent ROE (-10.77%) is below the historical average (7.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.40% | 19.31% | 0.08x | 6.27x | $-179.91K |
| 1995 | 12.15% | 19.90% | 0.10x | 6.39x | $689.80K |
| 1996 | 13.16% | 18.67% | 0.10x | 7.37x | $1.08 Million |
| 1997 | 13.86% | 19.84% | 0.09x | 7.47x | $1.42 Million |
| 1998 | 12.04% | 16.49% | 0.09x | 7.81x | $780.00K |
| 1999 | 4.42% | 7.22% | 0.06x | 9.68x | $-2.80 Million |
| 2000 | 8.12% | 9.67% | 0.08x | 10.45x | $-928.50K |
| 2001 | 8.57% | 9.81% | 0.08x | 10.74x | $-726.70K |
| 2002 | 10.39% | 23.82% | 0.05x | 9.66x | $219.20K |
| 2003 | 10.56% | 14.13% | 0.07x | 11.10x | $311.60K |
| 2004 | 10.24% | 20.61% | 0.04x | 11.43x | $136.00K |
| 2005 | 10.43% | 13.68% | 0.07x | 11.58x | $249.40K |
| 2006 | 9.27% | 13.52% | 0.06x | 11.91x | $-455.30K |
| 2007 | 8.59% | 14.11% | 0.07x | 9.07x | $-1.09 Million |
| 2008 | -18.84% | -29.97% | 0.05x | 11.58x | $-37.60 Million |
| 2009 | 2.90% | 4.99% | 0.06x | 10.08x | $-10.81 Million |
| 2010 | 6.39% | 11.70% | 0.05x | 9.98x | $-5.72 Million |
| 2011 | 8.51% | 15.94% | 0.05x | 10.83x | $-2.34 Million |
| 2012 | 9.51% | 19.49% | 0.05x | 10.31x | $-859.20K |
| 2013 | 10.45% | 23.02% | 0.05x | 9.86x | $805.40K |
| 2014 | 9.61% | 23.23% | 0.04x | 9.34x | $-751.10K |
| 2015 | 8.48% | 20.60% | 0.04x | 10.06x | $-4.50 Million |
| 2016 | 6.68% | 15.02% | 0.04x | 10.08x | $-10.15 Million |
| 2017 | 5.49% | 13.20% | 0.04x | 9.44x | $-15.33 Million |
| 2018 | 8.50% | 20.06% | 0.05x | 9.22x | $-5.36 Million |
| 2019 | 8.57% | 20.42% | 0.05x | 9.14x | $-7.27 Million |
| 2020 | 1.29% | 2.96% | 0.04x | 10.78x | $-44.90 Million |
| 2021 | 13.17% | 31.70% | 0.04x | 11.42x | $16.74 Million |
| 2022 | 12.34% | 24.90% | 0.04x | 13.35x | $11.56 Million |
| 2023 | 3.98% | 8.36% | 0.04x | 12.26x | $-31.58 Million |
| 2024 | -10.77% | -29.26% | 0.03x | 11.14x | $-116.26 Million |
Industry Comparison
This section compares MidWestOne Financial Group Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MidWestOne Financial Group Inc (MOFG) | $606.06 Million | 9.40% | 9.31x | $789.10 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |