MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Q2 2023 Results Conference Call August 1, 2023 12:00 PM ET

Company Participants

Charles Reeves - Chief Executive Officer

Barry Ray - Chief Financial Officer

Len Devaisher - President and Chief Operating Officer

Gary Sims - Chief Credit Officer

Conference Call Participants

Brendan Nosal - Piper Sandler

Benjamin Gerlinger - Hovde Group

Terence McEvoy - Stephens Inc

Damon DelMonte - Keefe, Bruyette, & Woods

Brian Martin - Janney Montgomery Scott

Operator

Good morning, ladies and gentlemen and welcome to the MidWestOne Financial Group, Incorporated Second Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded.

I would now like to turn the call over to Barry Ray, Chief Financial Officer of MidWestOne Financial Group. Please go ahead.

Barry Ray

Thank you everyone for joining us today. We appreciate your participation in our second quarter 2023 earnings conference call. With me here on the call are Chip Reeves, our Chief Executive Officer; and Len Devaisher, our President and Chief Operating 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 relating 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.

Charles Reeves

Thank you, Barry and good morning. On today’s call, I will provide an update on the solid progress we have achieved executing our strategic initiatives as we focus on building the foundation for a high performing bank with consistent performance.

Len will then provide an update on our major markets and the strong loan growth that we delivered once again this quarter, as well as continued strong results in our wealth management business. Barry will then conclude with an in-depth review of our second quarter financial results.