Old Second Bancorp

Old Second Bancorp, Inc. is a bank holding company. It engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. Its services includes personal banking, loans, business banking, and wealth management. The firm operates through the community banking segment. The company was founded in 1981 and is headquartered in Aurora, IL.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Old Second Bancorp posts solid Q4 results amidst revenue challenges

Old Second Bancorp delivered a strong financial performance in Q4 2022, with notable improvements in key metrics.
While facing challenges such as minimal loan growth and increased expenses, the company's strengths in credit quality and expense discipline are commendable.
Opportunities lie in enhancing revenue streams, managing costs effectively, and capitalizing on growth prospects in commercial lending and investments.

Old Second Bancorp reports solid Q1 performance amidst growth challenges

Old Second Bancorp delivered solid financial performance in Q1 2023, with strong loan growth and improved net interest income, despite challenges from securities losses and non-performing loans.
The company's focus on managing liquidity, strengthening capital, and prudent risk management practices position it well for long-term growth and stability.
While facing challenges of slower loan growth and margin trends, there are opportunities to optimize the capital structure, attract more deposits, and enhance commercial loan origination capabilities.

Old Second Bancorp achieves record earnings amidst modest loan growth

Old Second Bancorp delivered strong financial performance in Q2 2023, with record earnings and improved asset yields. While facing challenges in loan growth and perception management, the company's disciplined expense control and focus on credit quality position it well for future growth.

Old Second Bancorp reports solid Q3 earnings amidst growth opportunities

Old Second Bancorp's Q3 earnings call highlighted solid financial performance, disciplined expense management, and a focus on talent acquisition. While facing challenges like muted loan demand and inflationary pressures, the company remains optimistic about growth opportunities and maintaining strong capital levels.

Old Second Bancorp reports solid Q4 earnings amidst market challenges

Old Second Bancorp delivered a solid financial performance in Q4 2023, marked by strong net income and prudent expense management.
While facing challenges in commercial real estate loans and duration concerns, the bank is focused on risk mitigation and optimizing its asset mix.
Opportunities lie in stable margin outlook, improving credit trends, and strategic initiatives like potential stock repurchases and targeted loan growth.
Overall, Old Second Bancorp's proactive approach to managing risks and capitalizing on opportunities positions it well for sustained growth and value creation.

Old Second Bancorp reports solid Q1 performance and focuses on stability and growth

Old Second Bancorp delivered solid financial performance in Q1 2024, with notable improvements in asset quality and capital position. Despite challenges in loan growth and M&A activity, the focus on stability and efficiency remains strong.
Opportunities lie in optimizing deposit flows, managing asset quality, and leveraging the strong capital position for strategic investments. Margin stability and interest rate sensitivity reduction efforts position the company for future growth.
Overall, Old Second Bancorp's Q1 performance reflects resilience and a strategic focus on long-term stability and growth amidst a challenging economic environment.

Old Second Bancorp posts strong Q2 earnings amidst credit quality improvements

Old Second Bancorp delivered solid financial performance in Q2 2024, with notable improvements in key metrics.
While facing challenges like credit provisions and interest expenses, the bank's asset quality and income streams showed resilience.
Strategic focus on expense discipline and loan portfolio growth positions the bank well for future opportunities.
Efforts to enhance credit quality and optimize revenue sources can drive sustained profitability and shareholder value.

Old Second Bancorp reports strong Q3 earnings and capital growth

Old Second Bancorp delivered solid financial performance in Q3 2024, with notable improvements in net income, capital strength, and loan quality.
While facing challenges such as provisioning requirements and market competition, the company's focus on efficiency and revenue diversification presents growth opportunities.
Overall, Old Second Bancorp's strategic initiatives to manage liquidity, strengthen capital, and drive commercial lending capabilities position it well for long-term success.

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Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q3 2024 Earnings Conference Call October 17, 2024 10:00 AM ET Corporate Participants Jim Eccher - Chairman, President and Chief Executive Officer Brad Adams - Chief Operating Officer and Chief Financial Officer Conference Call Participants Terry McEvoy - Stephens Chris McGratty - KBW Nathan Race - Piper Sandler David Long - Raymond James Martin Friedman - FJ Capital Jeff Rulis - D.A. Davidson Brian Martin - Janney Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp Incorporated's Third Quarter 2024 Earnings Call.

Old Second Bancorp, Inc. (OSBC) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Old Second Bancorp (OSBC) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Old Second Bancorp (OSBC) Q3 Earnings

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.55 per share a year ago.

Old Second Bancorp (OSBC) Q3 Earnings and Revenues Beat Estimates

AURORA, IL / ACCESSWIRE / October 16, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the third quarter of 2024. Our net income was $23.0 million, or $0.50 per diluted share, for the third quarter of 2024, compared to net income of $21.9 million, or $0.48 per diluted share, for the second quarter of 2024, and net income of $24.3 million, or $0.54 per diluted share, for the third quarter of 2023.

Old Second Bancorp, Inc. Reports Third Quarter 2024 Net Income of $23.0 Million, or $0.50 per Diluted Share

Get a deeper insight into the potential performance of Old Second Bancorp (OSBC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of Old Second Bancorp (OSBC) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Old Second Bancorp (OSBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Old Second Bancorp (OSBC) to Report a Decline in Earnings: What to Look Out for

To meaningfully expand its existing branch network, OSBC is set to buy five Illinois branches from First Merchants for $23 million in cash.

Old Second Bancorp to Acquire First Merchants' 5 Branches in Illinois

First Merchants

Old Second National Bank Acquires 5 Illinois Branches from First Merchants Bank Proposed Acquisition to Add $304 Million in Deposits and $12 million in loans CHICAGO, IL / ACCESSWIRE / August 27, 2024 / Old Second Bancorp, Inc. ("Old Second Bancorp") (NASDAQ:OSBC), the parent company of Old Second National Bank ("Old Second"), and First Merchants Corporation ("First Merchants Corp.") (NASDAQ:FRME), the parent company of First Merchants Bank ("First Merchants"), jointly announced today that Old Second and First Merchants have entered into a Purchase and Assumption Agreement where Old Second will purchase 5 Illinois branch locations in the Southeast Chicago MSA as well as certain branch related loans and deposits from First Merchants. The acquisition enhances Old Second's position as one of the largest banks headquartered in the Chicagoland area, and adds meaningfully to its existing branch network and in the Southeast Chicago market, allowing for improved scale and penetration.

Old Second Bancorp, Inc. and First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations

Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Jim Eccher - Chairman, President and CEO Brad Adams - COO and CFO Conference Call Participants Jeff Rulis - D.A. Davidson Terence McEvoy - Stephens Christopher McGratty - KBW Nathan Race - Piper Sandler David Long - Raymond James Brian Martin - Janney Montgomery Scott Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc. Second Quarter 2024 Earnings Call.

Old Second Bancorp, Inc. (OSBC) Q2 2024 Earnings Call Transcript

The headline numbers for Old Second Bancorp (OSBC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Old Second Bancorp (OSBC) Q2 Earnings: A Look at Key Metrics

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.56 per share a year ago.

Old Second Bancorp (OSBC) Misses Q2 Earnings Estimates

AURORA, IL / ACCESSWIRE / July 17, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the second quarter of 2024. Our net income was $21.9 million, or $0.48 per diluted share, for the second quarter of 2024, compared to net income of $21.3 million, or $0.47 per diluted share, for the first quarter of 2024, and net income of $25.6 million, or $0.56 per diluted share, for the second quarter of 2023.

Old Second Bancorp, Inc. Reports Second Quarter 2024 Net Income of $21.9 Million, or $0.48 per Diluted Share

Beyond analysts' top -and-bottom-line estimates for Old Second Bancorp (OSBC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Gear Up for Old Second Bancorp (OSBC) Q2 Earnings: Wall Street Estimates for Key Metrics

CHICAGO, IL / ACCESSWIRE / July 9, 2024 / O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it provided senior secured credit facilities to support Encore Consumer Capital ("Encore") in its acquisition of Chalet Desserts ("Chalet"). Based in Sacramento, CA, Chalet is a specialty manufacturer of frozen bakery desserts and baked good inclusions that are sold into the in-store bakery at supermarkets and convenience stores as well as foodservice and ingredient end-markets.

O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Encore Consumer Capital in its Acquisition of Chalet Desserts

Old Second Bancorp (OSBC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Old Second Bancorp (OSBC) Rating Upgrade to Buy

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Old Second Bancorp (OSBC) Right Now?

CHICAGO, IL / ACCESSWIRE / June 17, 2024 / O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it has recently hired Sean Maher as Vice President, Underwriting. "We are excited to announce that Sean Maher has been recently hired as Vice President of O2 Sponsor Finance.

O2 Sponsor Finance Hires Sean Maher as Vice President

Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q1 2024 Results Conference Call April 18, 2024 11:00 AM ET Company Participants Jim Eccher - Chairman, President, & CEO Brad Adams - CFO Gary Collins - Vice Chairman Conference Call Participants Nathan Race - Piper Sandler Nick Moutafakis - KBW Brandon Rud - Stephens Inc Brian Martin - Janney Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp's First Quarter 2024 Earnings Call. On the call today are Jim Eccher, the company's Chairman, President and CEO; Brad Adams, the company's COO and CFO; and Gary Collins, the Vice Chairman of our Board.

Old Second Bancorp, Inc. (OSBC) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Old Second Bancorp (OSBC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Old Second Bancorp (OSBC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.52 per share a year ago.

Old Second Bancorp (OSBC) Q1 Earnings Miss Estimates

AURORA, IL / ACCESSWIRE / April 17, 2024 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the first quarter of 2024. Our net income was $21.3 million, or $0.47 per diluted share, for the first quarter of 2024, compared to net income of $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023, and net income of $23.6 million, or $0.52 per diluted share, for the first quarter of 2023.

Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share

Get a deeper insight into the potential performance of Old Second Bancorp (OSBC) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Seeking Clues to Old Second Bancorp (OSBC) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

CHICAGO, IL / ACCESSWIRE / March 20, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, today announced that it provided senior secured credit facilities to support Corridor Capital in its acquisition of Association Headquarters, LLC ("Association HQ"). "We are excited to support Corridor Capital in its acquisition of Association HQ.

O2 Sponsor Finance provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters

AURORA, IL / ACCESSWIRE / March 7, 2024 / Old Second National Bank (NASDAQ:OSBC) welcomes the addition of Steve Rankins as a Senior Vice President/Senior Managing Director in our Commercial Banking Group. Having over 30 years in commercial banking as a relationship banker, manager and leader, Steve has led banking teams serving and advising privately owned businesses in and around Chicagoland, most recently with Fifth Third Bank and First Midwest Bank.

Rankins Joins Old Second National Bank

CHICAGO, IL / ACCESSWIRE / February 21, 2024 / O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it has promoted Nick O'Brien to Senior Vice President. "We are excited to announce that Nick O'Brien has been promoted to Senior Vice President of O2 Sponsor Finance.

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