MidWestOne Financial | 10-Q: FY2025 Q3 Revenue: USD 89.2 M

Revenue: As of FY2025 Q3, the actual value is USD 89.2 M.

EPS: As of FY2025 Q3, the actual value is USD 0.82, beating the estimate of USD 0.798.

EBIT: As of FY2025 Q3, the actual value is USD -27.38 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025 was $231.1 million, compared to $216.0 million for the same period in 2024.

Operational Metrics

• Net Income: Net income for the nine months ended September 30, 2025 was $42.1 million, compared to a net loss of $76.6 million for the same period in 2024.
• Noninterest Income: Total noninterest income for the nine months ended September 30, 2025 was $30.6 million, compared to a loss of $99.1 million for the same period in 2024.
• Noninterest Expense: Total noninterest expense for the nine months ended September 30, 2025 was $109.7 million, compared to $107.1 million for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the nine months ended September 30, 2025 was $51.3 million, compared to $32.1 million for the same period in 2024.
• Investing Cash Flow: Net cash provided by investing activities for the nine months ended September 30, 2025 was $55.1 million, compared to $35.3 million for the same period in 2024.
• Financing Cash Flow: Net cash used in financing activities for the nine months ended September 30, 2025 was $39.0 million, compared to net cash provided of $52.8 million for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses: The allowance for credit losses as of September 30, 2025 was $51.9 million, compared to $55.2 million as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to merge with Nicolet Bankshares, Inc., with the transaction expected to be completed in the first half of 2026.
• Non-Core Business: MidWestOne Bank completed the sale of its Florida banking operations for a 7.5% deposit premium on June 7, 2024.