Its unique business structure allows it to serve clients and communities at a local level, while benefiting from the strength and efficiencies of centralized operations. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Springfield communities through four wholly owned banking subsidiaries. The company operates equipment financing and leasing services through m2.
Cyborg Score Rationale
The company achieved record net income of $113.9 Million for the full year 2024. Current market capitalization is $1.26B with solid regional positioning and diversified revenue streams across commercial, consumer, and wealth management segments.
Top Insights
Record financial performance in 2024 with significant quarterly earnings growth momentum
Multi-subsidiary model enables local relationship banking with centralized operational efficiencies
Diversified revenue across commercial lending, consumer banking, trust, asset management, and equipment financing
Small-cap regional bank positioned in underserved Midwest markets with organic growth potential
Named Competitors
Regional Community Banking — Midwest regional bank competitor