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MidWestOne Financial Group (MidWestOne Financial Group) Pretax Margin % : 6.92% (As of Dec. 2023)


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What is MidWestOne Financial Group Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. MidWestOne Financial Group's Pre-Tax Income for the three months ended in Dec. 2023 was $2.5 Mil. MidWestOne Financial Group's Revenue for the three months ended in Dec. 2023 was $36.4 Mil. Therefore, MidWestOne Financial Group's pretax margin for the quarter that ended in Dec. 2023 was 6.92%.

The historical rank and industry rank for MidWestOne Financial Group's Pretax Margin % or its related term are showing as below:

MOFG' s Pretax Margin % Range Over the Past 10 Years
Min: 6.95   Med: 29.13   Max: 45.02
Current: 15.27


MOFG's Pretax Margin % is ranked worse than
83.21% of 1459 companies
in the Banks industry
Industry Median: 32.77 vs MOFG: 15.27

MidWestOne Financial Group Pretax Margin % Historical Data

The historical data trend for MidWestOne Financial Group's Pretax Margin % 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 Pretax Margin % Chart

MidWestOne Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 28.70 6.95 45.02 35.81 15.27

MidWestOne Financial Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax Margin % 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 4.93 20.11 25.52 6.92 9.50

Competitive Comparison of MidWestOne Financial Group's Pretax Margin %

For the Banks - Regional subindustry, MidWestOne Financial Group's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MidWestOne Financial Group's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MidWestOne Financial Group's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where MidWestOne Financial Group's Pretax Margin % falls into.



MidWestOne Financial Group Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

MidWestOne Financial Group's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=24.833/162.595
=15.27 %

MidWestOne Financial Group's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=2.522/36.421
=6.92 %

* 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.


MidWestOne Financial Group  (NAS:MOFG) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


MidWestOne Financial Group Pretax Margin % Related Terms

Thank you for viewing the detailed overview of MidWestOne Financial Group's Pretax Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


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