MOFG Earnings Prediction
The chart below shows how MOFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MOFG sees a -3.18% change in stock price 10 days leading up to the earnings, and a -0.45% change 10 days following the report. On the earnings day itself, the stock moves by -0.03%. This data can give you a slight idea of what to expect for the next quarter's release.
MOFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
57.71M
68.94%
-160.69%
Gross Margin
--
--
--
Operating Margin
36.68%
345.69%
--
Net Margin
28.30%
254.19%
--
EPS
0.78
358.82%
-112.89%
No Data Available
MOFG Earnings Analysis
Midwestone Financial Group Inc (IOWA) Corporation (MOFG.O) Earnings Conference Call
Positive
Equity Offering Success: The common equity offering raised approximately $125,000,000, being 3x oversubscribed, which will enhance future profitability and capital quality.
Deposit Growth Improvement: Deposits showed a strong mix improvement with core deposits increasing by $40,500,000 and non-interest bearing deposits up by $35,200,000 in the third quarter.
Loan Growth and Asset Improvement: Commercial Banking led loan growth with a solid 4% annualized increase, while non-performing assets declined by $5,700,000 for the second consecutive quarter.
Treasury Management Fee Growth: Treasury management fee income rose by 11% year over year, reflecting a significant acceleration from the previous quarter's 6.3% growth.
Net Interest Margin Expansion: The tax equivalent net interest margin expanded by 10 basis points to 2.51%, contributing to a $1,200,000 increase in net interest income for the quarter.
Negative
Deposit Decline Analysis: Total deposits declined by $43,700,000 in the 3rd quarter, indicating a significant reduction in the bank's funding base despite improvements in deposit mix.
Net Loss Due to Impairment: The company reported a net loss of $95,700,000 or $6.05 per common share, primarily driven by a $140,400,000 impairment related to securities, which significantly impacted overall financial performance.
Non-Interest Income Decline: Non-interest income for Q3 was a loss of $130,400,000 due to the securities impairment, highlighting a severe decline in revenue generation from non-interest activities.
Operational Expense Stability: Total non-interest expense remained flat at $35,800,000, but included a $1,200,000 fraud loss from a single incident, indicating potential vulnerabilities in operational controls.
Earnings Breakeven Analysis: The estimated earnings breakeven period on the recent capital raise and balance sheet repositioning is 4.5 years, which is shorter than the 5.5 year weighted average life of the securities sold, suggesting a longer recovery time for profitability.
MOFG FAQs
How does MOFG typically perform around its earnings report dates?
Is Earnings call transcript: MidWestOne beats Q4 2024 EPS forecast, stock steady positive or negative?
How can historical earnings data help predict future stock performance?
MOFG Earning Call Sentiment
Earnings call transcript: MidWestOne beats Q4 2024 EPS forecast, stock steady
MOFG.O
-1.79%Positive
The earnings call presents a mixed picture: strong capital raise, loan growth, and margin expansion are positive, while a significant net loss and securities impairment weigh negatively. The Q&A reveals management's optimism but also avoidance of certain specifics, causing uncertainty. The lack of clear guidance on interest income impact from rate cuts and a significant net loss tempers the positive sentiment from improved capital and loan metrics.
