MOFG on NASDAQ

Midwestone Financial Group

Logo: midwestone.com4

American financial and banking company

MidWestOne Financial Group, Inc. is a bank holding company headquartered in Iowa City, Iowa that operates 56 bank branches. The third-largest bank headquartered in Iowa, it operates in Iowa, Minnesota, Wisconsin, Colorado, and Florida.3 Its shares trade on NASDAQ under the symbol MOFG.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 20, 2026.

Overview

1934Founded1

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  • TickerMOFG on NASDAQ1
  • Industrybank1
  • HeadquartersIowa City1
  • Founded inIowa City1
  • Websitewww.midwestone.com
  • Incorporated inIA5
  • Business addressP.O. Box 1104, Oskaloosa, Ia 525775

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Midwestone Financial Group image from its website
Image: midwestone.com4

MidWestOne Financial Group, Inc. is a bank holding company headquartered in Iowa City, Iowa that operates 56 bank branches. The third-largest bank headquartered in Iowa, it operates in Iowa, Minnesota, Wisconsin, Colorado, and Florida.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income7891011-$60.3M in 2024
-$100.0M-$50.0M0$50.0M$100.0M2018: $30.4M$30.4M20182019: $43.6M$43.6M2019+44%2020: $6.6M$6.6M2020−85%2021: $69.5M$69.5M2021+949%2022: $60.8M$60.8M2022−12%2023: $20.9M$20.9M2023−66%2024: -$60.3M-$60.3M2024
Fiscal year20182019202020212022202320242025
Interest$22.8M7$38.8M8$31.8M9$20.5M10$30.4M10$105.4M10
Income before tax$89.5M10$76.6M11$24.8M11-$84.0M11
Income tax$7.6M7$6.6M8$6.7M9$20.0M10$15.8M11$4.0M11-$23.7M11
Net income$30.4M7$43.6M8$6.6M9$69.5M10$60.8M11$20.9M11-$60.3M11
Earnings per share$2.487$2.938$0.419$4.3810$3.8911$1.3311-$3.5411
Earnings per share (diluted)$2.487$2.938$0.419$4.3710$3.8711$1.3311-$3.5411
Shares (weighted, basic)15.9M shares1015.6M shares1115.7M shares1117.0M shares11
Shares (weighted, diluted)15.9M shares1015.7M shares1115.7M shares1117.0M shares11

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Corporate structure

Midwestone Financial Group sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Midwestone Financial Group

  • Prudential Financial Filed SCHEDULE 13G/A on Midwestone Financial Group, latest Feb 13, 2026 (2 filings since May 15, 2025)
  • Wellington Management Company Filed SCHEDULE 13G/A on Midwestone Financial Group, latest Feb 10, 2026 (3 filings since Feb 10, 2025)
  • JENNISON ASSOCIATES LLC Filed SCHEDULE 13G/A on Midwestone Financial Group, latest Jan 30, 2026 (2 filings since May 9, 2025)
  • Midwestone Financial Group Iowa City

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

The subsidiary bank was founded as Iowa State Bank & Trust Company in 1934 by Ben S. Summerwill. In 1983, ISB Financial Corp. was established as a privately held banking holding company for ISB&TC.

In March 2008, ISB Financial merged with MidWestOne Financial Group and took MidWestOne Financial Group, Inc. as the name of the company. In May 2015, four years after chairman W. Richard Summerwill retired, the bank acquired Minnesota-based Central Bancshares for $134 million in cash and stock.

Having opened its first branch in Denver, Colorado in 2017, it hired Barry S. Ray as its Chief Financial Officer in June of the following year and Charles N. Reeves as its CEO in November 2022.

On October 23, 2025, it was announced that MidWestOne would be acquired by Nicolet Bankshares in a $864 million all-stock deal. When it completed the merger of its operations with the Iowa firm in February 2026, Nicolet stated that the MidWestOne locations would subsequently adopt its brand.

From Wikipedia’s article on MidWestOne Financial Group, shared under CC BY-SA 4.0.6

Leadership

Who has led Midwestone Financial Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles S. Howard2006–2008
  2. John P. Pothoven2008
  3. Charles N. Funk2008–2022
  4. Charles N. Reeves2022–now

Chair

  1. Charles S. Howard2006–2008

President

  1. Charles S. Howard2006–2008
  2. Jerry D. Krause2007–2008
  3. Thomas W. Campbell2007–2008
  4. John P. Pothoven2008
  5. Charles N. Funk2008–2020
  6. Len D. Devaisher2020–now

Chief financial officer

  1. David A. Meinert2006–2008
  2. David A. Meinert2008
  3. Gary John Ortale2009–2016
  4. Katie A. Lorenson2016–2017
  5. Barry Ray2018–now

Chief operating officer

  1. John P. Pothoven2008
  2. Susan R. Evans2009–2016
  3. Kevin E. Kramer2016–2019
  4. Len D. Devaisher2020–now
197019801990200020102020
Board members and other officers (49)

Former names

  • MAHASKA INVESTMENT COMay 15, 1996 to Jul 14, 20035

Timeline

  1. Feb 20, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights74
  2. Jan 27, 20268-K Shareholder vote75
  3. Jan 6, 20268-K Other events76
  4. Dec 22, 20258-K Other events77
  5. Oct 29, 20258-K Other events78
  6. Oct 23, 20258-K Entered a material agreement; Executive or director change; Regulation FD disclosure79
  7. Oct 23, 20258-K Results of operations80
  8. Oct 23, 20258-K Regulation FD disclosure81
  9. Oct 10, 20258-K Regulation FD disclosure82
  10. Jul 31, 20258-K Other events83
  11. Jul 25, 20258-K Regulation FD disclosure84
  12. Jul 24, 20258-K Results of operations; Executive or director change; Bylaws or fiscal year changed85
  13. Nov 1, 2022New chief executive Charles N. Reeves becomes CEO16
  14. Mar 25, 2008New chief executive Charles N. Funk becomes CEO18
  15. Mar 18, 2008New chief executive John P. Pothoven becomes CEO17
  16. Mar 18, 2008Went public Listed on NASDAQ1
  17. Jan 5, 2006New chief executive Charles S. Howard becomes CEO19
  18. 1934Founded Founded in Iowa City1

Calendar

When it reported results

  1. Oct 23, 2025Reported quarterly or annual results80
  2. Jul 24, 2025Reported quarterly or annual results85
  3. Apr 24, 2025Reported quarterly or annual results86
  4. Jan 23, 2025Reported quarterly or annual results87
  5. Oct 24, 2024Reported quarterly or annual results88
  6. Jul 25, 2024Reported quarterly or annual results89
  7. Apr 25, 2024Reported quarterly or annual results90
  8. Jan 25, 2024Reported quarterly or annual results91

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

327 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 68 major events, 165 insider forms, 7 large holders, 70 other. The latest 20:

  1. Feb 25, 202615-12G EDGAR
  2. Feb 20, 20268-K EDGAR
  3. Feb 19, 2026EFFECT EDGAR
  4. Feb 19, 2026EFFECT EDGAR
  5. Feb 19, 2026EFFECT EDGAR
  6. Feb 19, 2026EFFECT EDGAR
  7. Feb 17, 20264 EDGAR
  8. Feb 17, 20264 EDGAR
  9. Feb 17, 20264 EDGAR
  10. Feb 17, 20264 EDGAR
  11. Feb 17, 20264 EDGAR
  12. Feb 17, 20264 EDGAR
  13. Feb 17, 20264 EDGAR
  14. Feb 17, 20264 EDGAR
  15. Feb 17, 20264 EDGAR
  16. Feb 17, 20264 EDGAR
  17. Feb 17, 20264 EDGAR
  18. Feb 17, 20264 EDGAR
  19. Feb 17, 20264 EDGAR
  20. Feb 17, 20264 EDGAR

The 327 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2024Charles N. Reeves$646.9K$1.6M95
2024Len D. Devaisher$441.9K$964.2K95
2024Barry S. Ray$357.5K$817.4K95
2024Gary L. Sims$289.7K$591.4K95
2024Paul A. Ho-Sing-Loy$186.7K$324.0K95
2023Chief Executive Officer$625.0K$1.5M95
2023President & Chief Operating Officer$426.9K$759.2K95
2023Senior Executive VicePresident &$345.4K$627.5K95
2023Executive VicePresident &$281.3K$460.1K95
2022President & Chief Operating Officer$428.8K$982.0K95
2022Chief Financial Officer$329.0K$649.1K95
2022Chief Credit Officer$271.8K$500.8K95
2022Chief Executive Officer$104.2K$424.3K95

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Huntington National Bank1$490.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Midwestone Financial Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMIDWESTONE FINANCIAL GROUP INC2
  • CIK0000741390
  • Employer ID (EIN)42-10036992
  • Incorporated inIowa2
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • Business addressP.O. Box 1104, Oskaloosa, IA 525772
  • Mailing addressPo Box 1104, Oskaloosa, IA 525772
  • Phone51567384482
  • On EDGAR sinceMay 15, 19962
  • Filings251 in all: 4 (100), 10-Q (36), 8-K (32), SC 13G/A (17), 10-K (11), DEF 14A (10), SC 13G (10), 3 (6)2
    All 22 form types

    5 (5), SC 13D (5), 10-Q/A (4), 4/A (3), 425 (2), PRE 14A (2), 10-K/A (1), 424B3 (1), DEFA14A (1), S-4 (1), S-4/A (1), S-8 (1), SC 13D/A (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Mar 23, 2007
    Quarterly report (10-Q) Nov 13, 2007
    Proxy statement (DEF 14A) Mar 23, 2007
    Latest 8-K (8-K) Dec 23, 2008

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