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 2.5 years. total yearly compensation is $1.61M, comprised of 40.1% salary and 59.9% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $2.03M. The average tenure of the management team and the board of directors is 3.1 years and 6.2 years respectively.
Key information
Chip Reeves
Chief executive officer
US$1.6m
Total compensation
| CEO salary percentage | 40.1% |
| CEO tenure | 2.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.1yrs |
| Board average tenure | 6.2yrs |
Recent management updates
Recent updates
MidWestOne Financial Group's (NASDAQ:MOFG) Dividend Will Be $0.2425
Oct 29
Decisive Shifts And Diversified Growth Avenues Poised To Elevate Bank's Profitability And Margins
Sep 24 Strategic divestitures and focus on high-growth areas aim to boost efficiency, net margins, and revenue through improved customer and employee engagement.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 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$48m |
| Dec 31 2024 | US$2m | US$647k | -US$60m |
| 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$61m |
Compensation vs Market: Chip's total compensation ($USD1.61M) is below average for companies of similar size in the US market ($USD2.84M).
Compensation vs Earnings: Chip's compensation has increased whilst the company is unprofitable.
CEO
Chip Reeves (56 yo)
2.5yrs
Tenure
US$1,611,393
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 | 2.5yrs | US$1.61m | 0.34% $ 2.0m | |
| President & COO | 4.8yrs | US$964.19k | 0.13% $ 747.7k | |
| Senior Executive VP | 6.9yrs | US$817.45k | 0.087% $ 515.5k | |
| Executive VP & Chief Information Officer | less than a year | US$460.45k | 0.0097% $ 57.0k | |
| Executive VP & Chief Credit Officer | 6.9yrs | US$591.42k | 0.069% $ 408.9k | |
| Chief Accounting Officer | 2.8yrs | no data | 0.011% $ 64.5k | |
| General Counsel & Corporate Secretary | less than a year | no data | no data | |
| Executive VP & Chief Human Resources Officer | 3.3yrs | no data | no data | |
| Executive VP & Head of Consumer Banking | no data | US$423.28k | 0% $ 0 | |
| Executive VP & Chief Risk Officer | 6.3yrs | no data | 0.043% $ 252.3k | |
| Executive VP & Head of Commercial Banking | no data | no data | no data | |
| Executive VP & Head of Wealth Management | 1.3yrs | no data | no data |
3.1yrs
Average Tenure
52yo
Average Age
Experienced Management: MOFG's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 2.5yrs | US$1.61m | 0.34% $ 2.0m | |
| Independent Director | 6yrs | US$66.76k | 0.061% $ 356.7k | |
| Director | 24.5yrs | US$72.47k | 0.64% $ 3.8m | |
| Independent Director | 1.1yrs | US$66.25k | 0.034% $ 198.2k | |
| Independent Director | 6.6yrs | US$77.36k | 0.078% $ 458.0k | |
| Independent Director | 6.1yrs | US$71.26k | 0.039% $ 231.6k | |
| Independent Director | 6.3yrs | US$70.26k | 0.039% $ 231.7k | |
| Independent Chairman of the Board | 14.1yrs | US$88.14k | 0.44% $ 2.6m | |
| Independent Director | 10yrs | US$70.46k | 0.038% $ 224.6k | |
| Independent Director | 7.1yrs | US$66.86k | 0.033% $ 197.2k | |
| Independent Director | 6.1yrs | US$81.64k | 0.048% $ 283.5k | |
| Independent Director | 1.1yrs | US$59.22k | no data |
6.2yrs
Average Tenure
60yo
Average Age
Experienced Board: MOFG's board of directors are considered experienced (6.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/08 10:40 |
| End of Day Share Price | 2025/05/08 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| 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.
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 Github.
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 |