MidWestOne Financial Group Management
Management criteria checks 3/4
MidWestOne Financial Group's CEO is Chip Reeves, appointed in Nov 2022, has a tenure of 2.08 years. total yearly compensation is $1.46M, comprised of 42.7% salary and 57.3% bonuses, including company stock and options. directly owns 0.3% of the company’s shares, worth $1.88M. The average tenure of the management team and the board of directors is 2.7 years and 6 years respectively.
Key information
Chip Reeves
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 42.7% |
| CEO tenure | 2.1yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.7yrs |
| Board average tenure | 6yrs |
Recent management updates
Recent updates
MidWestOne Financial Group's (NASDAQ:MOFG) Dividend Will Be $0.2425
Oct 29
MidWestOne Financial Group (NASDAQ:MOFG) Has Announced A Dividend Of $0.2425
Apr 30MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425
Jan 30MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425
Nov 21MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425
Oct 31MidWestOne Financial Group's (NASDAQ:MOFG) Dividend Will Be $0.2425
Aug 28MidWestOne Financial Group (NASDAQ:MOFG) Is Increasing Its Dividend To $0.2425
Aug 04MidWestOne Financial Group's (NASDAQ:MOFG) Shareholders Will Receive A Bigger Dividend Than Last Year
May 02MidWestOne Financial Group (NASDAQ:MOFG) Is Paying Out A Larger Dividend Than Last Year
Feb 01Industry Analysts Just Made A Captivating Upgrade To Their MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Revenue Forecasts
Nov 03MidWestOne names Charles N. Reeves as new CEO
Oct 19CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$74m |
| Jun 30 2024 | n/a | n/a | US$31m |
| Mar 31 2024 | n/a | n/a | US$23m |
| Dec 31 2023 | US$1m | US$625k | US$21m |
| Sep 30 2023 | n/a | n/a | US$34m |
| Jun 30 2023 | n/a | n/a | US$43m |
| Mar 31 2023 | n/a | n/a | US$48m |
| Dec 31 2022 | US$945k | US$104k | US$61m |
Compensation vs Market: Chip's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD3.22M).
Compensation vs Earnings: Chip's compensation has increased whilst the company is unprofitable.
CEO
Chip Reeves (56 yo)
2.1yrs
Tenure
US$1,463,067
Compensation
Mr. Charles N. Reeves, also known as Chip, is Chief Executive Officer and Director of MidWestOne Financial Group, Inc. and MidWestOne Bank from November 1, 2022. He has been President, Chief Executive Offi...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.1yrs | US$1.46m | 0.30% $ 1.9m | |
| President & COO | 4.4yrs | US$759.23k | 0.11% $ 705.9k | |
| Senior Executive VP | 6.5yrs | US$627.55k | 0.078% $ 482.3k | |
| VP & Head of Consumer Banking | no data | US$423.28k | 0.049% $ 303.6k | |
| Senior VP & Chief Credit Officer | 6.5yrs | US$460.06k | 0.063% $ 386.4k | |
| Chief Accounting Officer | 2.4yrs | no data | 0.0082% $ 50.4k | |
| Executive VP & Chief Information Officer | less than a year | no data | no data | |
| Senior VP & Chief Marketing Officer | less than a year | no data | no data | |
| VP & Chief Human Resources Officer | 2.9yrs | no data | no data | |
| Senior VP & Chief Risk Officer | 5.9yrs | no data | no data | |
| VP & Head of Commercial Banking | no data | no data | no data | |
| Executive VP & Head of Wealth Management | less than a year | no data | no data |
2.7yrs
Average Tenure
52yo
Average Age
Experienced Management: MOFG's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.1yrs | US$1.46m | 0.30% $ 1.9m | |
| Independent Director | 5.6yrs | US$59.25k | 0.060% $ 371.1k | |
| Director | 24.1yrs | US$56.89k | 0.64% $ 3.9m | |
| Independent Director | less than a year | no data | 0.034% $ 207.9k | |
| Independent Director | 6.2yrs | US$76.85k | 0.078% $ 478.4k | |
| Independent Chairman of the Board | 19.9yrs | US$95.35k | 0.46% $ 2.9m | |
| Independent Director | 5.7yrs | US$70.25k | 0.039% $ 242.0k | |
| Independent Director | 5.9yrs | US$70.65k | 0.036% $ 223.7k | |
| Lead Independent Director | 13.7yrs | US$85.63k | 0.44% $ 2.7m | |
| Independent Director | 9.6yrs | US$72.85k | 0.038% $ 233.6k | |
| Independent Director | 6.7yrs | US$68.65k | 0.032% $ 200.5k | |
| Independent Director | 5.7yrs | US$83.25k | 0.048% $ 293.9k |
6.0yrs
Average Tenure
63yo
Average Age
Experienced Board: MOFG's board of directors are considered experienced (6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 10:41 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MidWestOne Financial Group, Inc. is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | D.A. Davidson & Co. |
| Brian Martin | FIG Partners |
| Brendan Nosal | Hovde Group, LLC |