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 1.5 years. total yearly compensation is $1.46M, comprised of 42.7% salary and 57.3% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth $1.16M. The average tenure of the management team and the board of directors is 3.8 years and 5.5 years respectively.
Key information
Chip Reeves
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 42.7% |
| CEO tenure | 1.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.8yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
MidWestOne Financial Group (NASDAQ:MOFG) Has Announced A Dividend Of $0.2425
Apr 30
MidWestOne 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 19MidWestOne Financial declares $0.2375 dividend
Jul 25MidWestOne Financial Group (NASDAQ:MOFG) Has Announced That It Will Be Increasing Its Dividend To US$0.24
May 26MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Larger Dividend Than Last Year At US$0.24
May 06MidWestOne Financial Group (NASDAQ:MOFG) Has Re-Affirmed Its Dividend Of US$0.23
Oct 28MidWestOne Financial Group (NASDAQ:MOFG) Has Affirmed Its Dividend Of US$0.23
Jul 26MidWestOne Financial goes ex-dividend tomorrow
May 27Shareholders May Be A Little Conservative With MidWestOne Financial Group, Inc.'s (NASDAQ:MOFG) CEO Compensation For Now
Apr 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD2.43M).
Compensation vs Earnings: Chip's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Chip Reeves (55 yo)
1.5yrs
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 | 1.5yrs | US$1.46m | 0.35% $ 1.2m | |
| President & COO | 3.8yrs | US$759.23k | 0.15% $ 494.8k | |
| Senior Executive VP | 5.9yrs | US$627.55k | 0.099% $ 331.4k | |
| VP & Head of Consumer Banking | no data | US$423.28k | 0.065% $ 218.2k | |
| Senior VP & Chief Credit Officer | 5.9yrs | US$460.06k | 0.069% $ 230.9k | |
| Chief Accounting Officer | 1.8yrs | no data | 0.011% $ 36.2k | |
| VP & Chief Human Resources Officer | 2.3yrs | no data | no data | |
| Senior VP & Chief Risk Officer | 5.3yrs | no data | no data | |
| VP & Head of Commercial Banking | no data | no data | no data | |
| VP & Head of Wealth Management | less than a year | no data | no data | |
| Corporate Secretary | 33.3yrs | no data | no data |
3.8yrs
Average Tenure
51yo
Average Age
Experienced Management: MOFG's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 1.5yrs | US$1.46m | 0.35% $ 1.2m | |
| Independent Director | 5yrs | US$59.25k | 0.043% $ 145.4k | |
| Director | 23.5yrs | US$1.03m | 0.81% $ 2.7m | |
| Independent Director | less than a year | no data | 0.0063% $ 21.4k | |
| Independent Director | 5.6yrs | US$76.85k | 0.089% $ 298.0k | |
| Independent Chairman of the Board | 19.3yrs | US$95.35k | 0.58% $ 2.0m | |
| Independent Director | 5.1yrs | US$70.25k | 0.037% $ 123.1k | |
| Independent Director | 5.3yrs | US$70.65k | 0.037% $ 125.5k | |
| Lead Independent Director | 13.1yrs | US$78.00k | 0.56% $ 1.9m | |
| Independent Director | 9yrs | US$72.85k | 0.040% $ 134.9k | |
| Independent Director | 6.1yrs | US$59.30k | 0.030% $ 101.6k | |
| Independent Director | 5.1yrs | US$83.25k | 0.039% $ 131.7k |
5.5yrs
Average Tenure
62yo
Average Age
Experienced Board: MOFG's board of directors are considered experienced (5.5 years average tenure).