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MidWestOne Financial Group (MidWestOne Financial Group) Retained Earnings : $294.8 Mil (As of Dec. 2023)


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What is MidWestOne Financial Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MidWestOne Financial Group's retained earnings for the quarter that ended in Dec. 2023 was $294.8 Mil.

MidWestOne Financial Group's quarterly retained earnings increased from Jun. 2023 ($290.5 Mil) to Sep. 2023 ($295.9 Mil) but then declined from Sep. 2023 ($295.9 Mil) to Dec. 2023 ($294.8 Mil).

MidWestOne Financial Group's annual retained earnings increased from Dec. 2021 ($243.4 Mil) to Dec. 2022 ($289.3 Mil) and increased from Dec. 2022 ($289.3 Mil) to Dec. 2023 ($294.8 Mil).


MidWestOne Financial Group Retained Earnings Historical Data

The historical data trend for MidWestOne Financial Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MidWestOne Financial Group Retained Earnings Chart

MidWestOne Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 201.11 188.19 243.37 289.29 294.78

MidWestOne Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 289.29 286.77 290.55 295.86 294.78

MidWestOne Financial Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


MidWestOne Financial Group  (NAS:MOFG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


MidWestOne Financial Group (MidWestOne Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
102 South Clinton Street, Iowa City, IA, USA, 52240
MidWestOne Financial Group Inc is a bank holding company engaged in delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. The Bank offers its products and services through its network of full-service banking offices. the Bank's investments services department offers financial planning, investment advisory, and retail securities brokerage services.
Executives
Janet E Godwin director 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Nathaniel J Kaeding director 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Ruth E Stanoch director 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Charles N Reeves director, officer: Chief Executive Officer 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Larry D Albert director, officer: Executive Vice President 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Matthew J Hayek director 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Tracy S Mccormick director 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Jennifer Leigh Hauschildt director 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Kevin W Monson director 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Len D Devaisher officer: President and COO 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
David E Lindstrom officer: EVP, Consumer Banking 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
John J Ruppel officer: Chief Accounting Officer 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Charles N Funk director, officer: President and CEO 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Kurt R Weise director, officer: Executive Vice President 102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Douglas K True director 102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700