MOFG - MidWestOne Financial Group Inc. (MOFG) Q1 2024 Earnings Call Transcript

2024-04-26 16:55:25 ET

MidWestOne Financial Group, Inc. (MOFG)

Q1 2024 Earnings Conference Call

April 26, 2024 12:00 ET

Company Participants

Barry Ray - Chief Financial Officer

Chip Reeves - Chief Executive Officer

Len Devaisher - President and Chief Operating Officer

Gary Sims - Chief Credit Officer

Conference Call Participants

Brendan Nosal - Hovde

Terry McEvoy - Stephens

Nathan Race - Piper Sandler

Damon DelMonte - KBW

Presentation

Operator

Good morning, ladies and gentlemen and welcome to the MidWestOne Financial Group, Inc. First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded. And I would now like to turn the call over to Barry Ray, Chief Financial Officer of MidWestOne Financial Group. You may proceed.

Barry Ray

Thank you everyone for joining us today. We appreciate your participation in our earnings conference call this morning. With me here on the call are Chip Reeves, our Chief Executive Officer; Len Devaisher, our President and Chief Operating Officer; and Gary Sims, our Chief Credit Officer. Following the conclusion of today’s conference, a replay of this call will be available on our website. Additionally, a slide deck to complement today’s presentation is also available on the Investor Relations section of our website.

Before we begin, let me remind everyone on the call that this presentation contains forward-looking statements related to the financial condition, results of operations and business of MidWestOne Financial Group, Inc. Forward-looking statements generally include words such as believes, expects, anticipates and other similar expressions. Actual results could differ materially from those indicated. Among the important factors that could cause actual results to differ materially are interest rates, changes in the mix of the company’s business, competitive pressures, general economic conditions and the risk factors detailed in the company’s periodic reports and registration statements filed with the Securities and Exchange Commission. MidWestOne Financial Group, Inc. undertakes no obligation to publicly revise or update these forward-looking statements to reflect events or circumstances after the date of this presentation.

I would now like to turn the call over to Chip.

Chip Reeves

Thank you, Barry and good morning. On today’s call, I’ll provide a high level overview of our first quarter results and an update on the significant progress in executing our strategic plan initiatives. Len will provide an update on our lines of business and then Barry will conclude with a more detailed review of our first quarter financial results....

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