MidWestOne: Q1 earnings snapshot

IOWA CITY — MidWestOne Financial Group Inc. today reported first-quarter net income of $13.9 million.

The bank said it had earnings of 88 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The holding company for MidWestOne Bank posted revenue of $53.5 million in the period. Its revenue net of interest expense was $49 million, which also beat Street forecasts.