IOWA CITY, Iowa (AP) _ MidWestOne Financial Group Inc. (MOFG) on Thursday reported fourth-quarter net income of $16 million.
The bank, based in Iowa City, Iowa, said it had earnings of $1.02 per share.
The holding company for MidWestOne Bank posted revenue of $67.7 million in the period. Its revenue net of interest expense was $54.5 million, which fell short of Street forecasts.
For the year, the company reported profit of $60.8 million, or $3.87 per share. Revenue was reported as $213.9 million.
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