MidWestOne Financial Group, Inc MOFG

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
12/100
Weak

Ranked against 399 peers in Banks - Regional

About MidWestOne Financial Group, Inc

MidWestOne Financial Group, Inc. operates as the bank holding company for MidWestOne Bank that provides commercial and retail banking products and services to individuals, businesses, governmental units, and institutional customers. The company offers various deposit products, including noninterest bearing and interest bearing demand deposits, demand and interest checking, savings, money market, and time deposits accounts. It also provides commercial, real … Full MOFG analysis →

Key strengths

  • Strong Capital Position Capital position is strong (score 0.69), exceeding regulatory minimums.

Key risks

  • Weak Deposit Franchise Deposit franchise appears weak (profitability score 0.02).
  • Weak Net Interest Margin Net interest margin proxy is weak (score 0.01).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Deposit Franchise

Weak
4
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Signals, strengths and risks for Deposit Franchise

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Where MOFG ranks in Banks - Regional

MidWestOne Financial Group, Inc ranks #368 of 393 scored companies in Banks - Regional by moat score — the top 94%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
364 Blue Ridge Bankshares, Inc. BRBS 15/100 Weak
365 Carver Bancorp, Inc. CARV 14/100 Weak
366 BCB Bancorp, Inc. (NJ) BCBP 14/100 Weak
367 First Northwest Bancorp FNWB 12/100 Weak
368 MidWestOne Financial Group, Inc MOFG 12/100 Weak
369 First Internet Bancorp INBK 12/100 Weak
370 Simmons First National Corporat SFNC 11/100 Weak
371 First Foundation Inc. FFWM 10/100 Weak
372 First Guaranty Bancshares, Inc. FGBI 10/100 Weak

See every Banks & Lenders company ranked by moat score →

How MOFG scores on the Bank Specialized defenses

Deposit Franchise

Score 4 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 1 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 42 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 1 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 13 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 3 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding MOFG's moat

What is MidWestOne Financial Group, Inc's moat score?

MidWestOne Financial Group, Inc (MOFG) scores 12 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #368 of 393 scored companies in Banks - Regional, the top 94%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Capital Strength (42/100) and its weakest is Cost Discipline (1/100).

How does MidWestOne Financial Group, Inc compare with other Banks - Regional companies?

MidWestOne Financial Group, Inc ranks #368 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are First Northwest Bancorp (FNWB) at 12 just above it and First Internet Bancorp (INBK) at 12 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is MidWestOne Financial Group, Inc scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for MidWestOne Financial Group, Inc?

The Bank Specialized template measures 6 defenses, and MOFG scores: Deposit Franchise (4), Lending Advantage (1), Capital Strength (42), Cost Discipline (1), Revenue Diversification (13), Risk Management (3). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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