MidWestOne Financial Group Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Chip Reeves

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage	42.7%
CEO tenure	2yrs
CEO ownership	0.3%
Management average tenure	2.6yrs
Board average tenure	6yrs

Recent management updates

Recent updates

MidWestOne Financial Group's (NASDAQ:MOFG) Shareholders Will Receive A Bigger Dividend Than Last Year

May 02

MidWestOne Financial Group (NASDAQ:MOFG) Is Paying Out A Larger Dividend Than Last Year

Feb 01

Industry Analysts Just Made A Captivating Upgrade To Their MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Revenue Forecasts

Nov 03

MidWestOne names Charles N. Reeves as new CEO

Oct 19

CEO Compensation Analysis

How has Chip Reeves's remuneration changed compared to MidWestOne Financial Group's earnings?
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 ($USD1.46M) is below average for companies of similar size in the US market ($USD3.15M).

Compensation vs Earnings: Chip's compensation has increased whilst the company is unprofitable.

CEO

Chip Reeves (56 yo)

2yrs

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
Charles Reeves	CEO & Director	2yrs	US$1.46m	0.30% $ 2.1m
Len Devaisher	President & COO	4.3yrs	US$759.23k	0.11% $ 778.4k
Barry Ray	Senior Executive VP	6.4yrs	US$627.55k	0.078% $ 531.9k
David Lindstrom	VP & Head of Consumer Banking	no data	US$423.28k	0.049% $ 334.7k
Gary Sims	Senior VP & Chief Credit Officer	6.4yrs	US$460.06k	0.063% $ 426.1k
John Ruppel	Chief Accounting Officer	2.3yrs	no data	0.0082% $ 55.6k
Sing Loy Ho	Executive VP & Chief Information Officer	less than a year	no data	no data
Elda Macias	Senior VP & Chief Marketing Officer	less than a year	no data	no data
Timothy Heth	VP & Chief Human Resources Officer	2.8yrs	no data	no data
Susan Moore	Senior VP & Chief Risk Officer	5.8yrs	no data	no data
Chase Stafford	VP & Head of Commercial Banking	no data	no data	no data
Steven Heimermann	Executive VP & Head of Wealth Management	less than a year	no data	no data

2.6yrs

Average Tenure

52yo

Average Age

Experienced Management: MOFG's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Reeves	CEO & Director	2yrs	US$1.46m	0.30% $ 2.1m
Douglas Greeff	Independent Director	5.5yrs	US$59.25k	0.060% $ 409.2k
Charles Funk	Director	24yrs	US$56.89k	0.64% $ 4.3m
Carl Chaney	Independent Director	less than a year	no data	0.034% $ 229.2k
Larry Albert	Independent Director	6.1yrs	US$76.85k	0.078% $ 527.5k
Kevin Monson	Independent Chairman of the Board	19.8yrs	US$95.35k	0.46% $ 3.1m
Janet Godwin	Independent Director	5.6yrs	US$70.25k	0.039% $ 266.8k
Jennifer Hauschildt	Independent Director	5.8yrs	US$70.65k	0.036% $ 246.6k
Tracy McCormick	Lead Independent Director	13.6yrs	US$85.63k	0.44% $ 3.0m
Ruth Heinonen	Independent Director	9.5yrs	US$72.85k	0.038% $ 257.6k
Nathaniel Kaeding	Independent Director	6.6yrs	US$68.65k	0.032% $ 221.1k
Matthew Hayek	Independent Director	5.6yrs	US$83.25k	0.048% $ 324.1k

6.0yrs

Average Tenure

63yo

Average Age

Experienced Board: MOFG's board of directors are considered experienced (6 years average tenure).

MidWestOne Financial Group Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently sold US$79k worth of stock

MidWestOneFinancial Group, Inc Announces Executive Appointments

Director recently sold US$128k worth of stock

CEO & Director recently bought US$100k worth of stock

MidWestOne Financial Group, Inc., Annual General Meeting, Apr 25, 2024

CEO & Director recently bought US$96k worth of stock

Recent updates

Upcoming dividend of US$0.24 per share

Price target increased by 7.2% to US$33.50

MidWestOne Financial Group's (NASDAQ:MOFG) Dividend Will Be $0.2425

Third quarter dividend of US$0.24 announced

New minor risk - Dividend sustainability

MidWestOne Financial Group, Inc. Declares Cash Dividend, Payable on December 16, 2024

MidWestOne Financial Group, Inc. to Report Q3, 2024 Results on Oct 24, 2024

New minor risk - Shareholder dilution

MidWestOne Financial Group, Inc. has filed a Follow-on Equity Offering.

MidWestOne Financial Group, Inc. has filed a Follow-on Equity Offering.

Upcoming dividend of US$0.24 per share

Price target increased by 11% to US$30.40

Consensus EPS estimates increase by 28%

Price target increased by 13% to US$28.40

Second quarter dividend of US$0.24 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Midwestonefinancial Group, Inc. Declares Cash Dividend, Payable on September 17, 2024

Price target increased by 9.1% to US$27.38

Investor sentiment improves as stock rises 16%

MidWestOne Financial Group, Inc. to Report Q2, 2024 Results on Jul 25, 2024

Director recently sold US$79k worth of stock

MidWestOneFinancial Group, Inc Announces Executive Appointments

Upcoming dividend of US$0.24 per share

Director recently sold US$128k worth of stock

MidWestOne Financial Group (NASDAQ:MOFG) Has Announced A Dividend Of $0.2425

First quarter dividend of US$0.24 announced

Midwestonefinancial Group, Inc. Declares Cash Dividend, Payable on June 17, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

MidWestOne Financial Group, Inc. to Report Q1, 2024 Results on Apr 25, 2024

CEO & Director recently bought US$100k worth of stock

Full year 2023 earnings: EPS and revenues miss analyst expectations

MidWestOne Financial Group, Inc., Annual General Meeting, Apr 25, 2024

Upcoming dividend of US$0.24 per share

Price target increased by 11% to US$29.67

MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425

Fourth quarter dividend of US$0.24 announced

Price target increased by 9.2% to US$27.67

Full year 2023 earnings: EPS and revenues miss analyst expectations

MidWestOne Financial Group, Inc. Declares Cash Dividend, Payable on March 15, 2024

MidWestOne Financial Group, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Price target increased by 7.7% to US$26.67

Upcoming dividend of US$0.24 per share at 4.5% yield

MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425

Consensus revenue estimates fall by 15%

MidWestOne Financial Group (NASDAQ:MOFG) Will Pay A Dividend Of $0.2425

Midwestone Financial Group, Inc. Declares Cash Dividend ,Payable December 15, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

MidWestOne Financial Group, Inc. to Report Q3, 2023 Results on Oct 26, 2023

MidWestOne Financial Group, Inc. (NasdaqGS:MOFG) entered into a definitive merger agreement to acquire Denver Bankshares, Inc. (OTCPK:DNVB) for $32.6 million.

DFCU Financial entered into a definitive purchase and assumption agreement to acquire Florida operations from MidWestOne Financial Group, Inc. (NasdaqGS:MOFG).

MidWestOne Financial Group's (NASDAQ:MOFG) Dividend Will Be $0.2425

Upcoming dividend of US$0.24 per share at 4.6% yield

Consensus EPS estimates fall by 18%

MidWestOne Financial Group (NASDAQ:MOFG) Is Increasing Its Dividend To $0.2425

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

MidWestOne Financial Group, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Investor sentiment improves as stock rises 18%

Upcoming dividend of US$0.24 per share at 4.8% yield

CEO & Director recently bought US$96k worth of stock

Consensus revenue estimates increase by 13%, EPS downgraded

MidWestOne Financial Group's (NASDAQ:MOFG) Shareholders Will Receive A Bigger Dividend Than Last Year

Price target decreased by 12% to US$30.75

Price target decreased by 11% to US$33.25

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of US$0.24 per share at 3.1% yield

Now 20% undervalued after recent price drop

Director recently sold US$159k worth of stock

Consensus EPS estimates fall by 16%

MidWestOne Financial Group (NASDAQ:MOFG) Is Paying Out A Larger Dividend Than Last Year