IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported a third-quarter loss of $19.8 million, after reporting a profit in the same period a year earlier.

The bank, based in Iowa City, Iowa, said it had a loss of $1.23 per share. Earnings, adjusted for asset impairment costs, were 73 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The holding company for MidWestOne Bank posted revenue of $54.7 million in the period. Its revenue net of interest expense was $47.4 million, missing Street forecasts.

MidWestOne shares have dropped 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.27, a fall of 34% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MOFG at https://www.zacks.com/ap/MOFG

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