MidWestOne Financial Revenue, Profits - MOFG Annual Income Statement

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$33.56 $0.33 (0.99%) MOFG stock closing price Apr 20, 2018 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking MidWestOne Financial stock price alone is not sufficient. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the MOFG stock is bound to reflect the impact of the YOY growth of 4.37%. The MidWestOne Financial profit and loss statement for 2017 shows a net profit of $18.69M. Profits for last year was $20.39M. Apart from this an investor should also check MidWestOne Financial assets and MidWestOne Financial free cash flow.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
MidWestOne Financial Revenues or Net Sales
141.69M135.76M121.89M79.71M80.82M89.38M83.29M85.88M85.87M76.26M
Cost Of Goods Sold (COGS)11.48M9.37M7.83M7.02M8.95M11.96M15.32M17.58M21.61M23.15M
MidWestOne Financial Gross Profit
130.2M126.38M114.05M72.68M71.86M77.42M67.97M68.3M64.26M53.1M
Research & Development Expense----------
Selling General & Admin Expense94.34M91.81M75.03M44.06M42.77M50.56M44.68M49.23M52.05M42.81M
Income Before Depreciation Depletion Amortization35.85M34.56M39.01M28.62M29.09M26.85M23.28M19.06M12.21M10.29M
Depreciation Depletion Amortization3.12M3.97M3.27M-----1.25M28.07M
Non Operating Income----------
Interest Expense3.65M3.34M2.81M2.52M3.17M3.98M4.46M5.53M6.63M7.23M
MidWestOne Financial Pretax Income
29.07M27.25M32.93M25.55M25.25M22.09M17.92M13.53M4.33M-25.01M
Provision for Income Taxes10.37M6.86M7.81M7.03M6.64M5.34M4.61M3.4M-0.07M-0.45M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations18.69M20.39M25.11M18.52M18.6M16.75M13.31M10.13M4.4M-24.56M
Extraordinary Items & Discontinued Operations----------
MidWestOne Financial Profit/ Loss (Net Income)
18.69M20.39M25.11M18.52M18.6M16.75M13.31M10.13M4.4M-24.56M
Average Shares used to compute Diluted EPS-11.46M10.39M8.43M8.53M8.53M8.63M8.64M8.61M7.95M
Average Shares used to compute Basic EPS-11.43M10.36M8.43M8.48M8.49M8.61M8.61M8.61M7.95M
Income Before Nonrecurring Items-23.26M28.09M19.47M18.61M16.75M13.32M10.13M4.41M-24.56M
Income from Nonrecurring Items--2.86M-2.97M-0.95M------
MidWestOne Financial Earnings Per Share Basic Net
1.541.782.422.192.191.971.471.080.42-3.09
MidWestOne Financial Earnings Per Share Diluted Net
-1.78M2.42M2.19M2.18M1.96M1.47M1.07M--3.09M
EPS Diluted Before Nonrecurring Items-2.032.702.312.181.961.471.070.42-3.09
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.670.640.600.580.500.360.220.200.300.46
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on MidWestOne Financial stock analysis. An investor must check the following items in an income statement:

  • Topline: A growing topline, as seen from the MidWestOne Financial revenue chart, as is the case with MidWestOne Financial indicates a growing business. One needs to compare the YoY topline or sales growth of MOFG stock with its peers like IBCP stock and OSBC stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like MidWestOne Financial try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The MOFG financials along with MidWestOne Financial historical stock prices provide a lot of details about the firm.

MidWestOne Financial Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
21.65
PS Ratio (price sales ratio)
2.9
Operating Margin
6
Dividend Yield
2.03%