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 Q2 2023

Earnings data Q3 2023

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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. (OSBC) Q4 2023 Earnings Call Transcript

The headline numbers for Old Second Bancorp (OSBC) give insight into how the company performed in the quarter ended December 2023, 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) Q4 Earnings: A Look at Key Metrics

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.53 per share a year ago.

Old Second Bancorp (OSBC) Q4 Earnings and Revenues Lag Estimates

AURORA, IL / ACCESSWIRE / January 24, 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 fourth quarter of 2023. Our net income was $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023, compared to net income of $24.3 million, or $0.54 per diluted share, for the third quarter of 2023, and net income of $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022.

Old Second Bancorp, Inc. Reports Fourth Quarter 2023 Net Income of $18.2 Million, or $0.40 per Diluted Share

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.

Is Old Second Bancorp (OSBC) Stock Undervalued Right Now?

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Is Old Second Bancorp (OSBC) a Great Value Stock Right Now?

Old Second Bancorp (OSBC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Old Second Bancorp (OSBC): Can Its 5.9% Jump Turn into More Strength?

The average of price targets set by Wall Street analysts indicates a potential upside of 25.1% in Old Second Bancorp (OSBC). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 25.09% Upside in Old Second Bancorp (OSBC): Here's What You Should Know

Driven by strong fundamentals and good growth prospects, Old Second Bancorp (OSBC) stock looks like an attractive pick right now.

5 Reasons to Add Old Second Bancorp (OSBC) to Your Portfolio

The mean of analysts' price targets for Old Second Bancorp (OSBC) points to a 31.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

How Much Upside is Left in Old Second Bancorp (OSBC)? Wall Street Analysts Think 31.29%

The consensus price target hints at a 32.3% upside potential for Old Second Bancorp (OSBC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 32.26% Upside in Old Second Bancorp (OSBC): Can the Stock Really Move This High?

Old Second Bancorp, Inc. (OSBC) Q3 2023 Earnings Call Transcript

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.43 per share a year ago.

Old Second Bancorp (OSBC) Surpasses Q3 Earnings and Revenue Estimates

The headline numbers for Old Second Bancorp (OSBC) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Old Second Bancorp (OSBC) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

AURORA, IL / ACCESSWIRE / October 18, 2023 / 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 2023. Our net income was $24.3 million, or $0.54 per diluted share, for the third quarter of 2023, compared to net income of $25.6 million, or $0.56 per diluted share, for the second quarter of 2023, and net income of $19.5 million, or $0.43 per diluted share, for the third quarter of 2022.

Old Second Bancorp, Inc. Reports Third Quarter 2023 Net Income of $24.3 Million, or $0.54 per Diluted Share

NEW YORK--(BUSINESS WIRE)-- #KBRA--On July 27, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Aurora, Illinois based Old Second Bancorp, Inc. (NASDAQ: OSBC) (“the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, Old Second National Bank. The Outlook for all long-.

KBRA Releases Surveillance Report for Old Second Bancorp, Inc.

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA affirms the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Aurora, Illinois based Old Second Bancorp, Inc. (NASDAQ: OSBC) (“the company”). In addition, KBRA affirms the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for its subsidiary, Old Second National Bank. The Outlook for all long-term ratings is Stab.

KBRA Affirms Ratings for Old Second Bancorp, Inc.

Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q2 2023 Results Conference Call July 20, 2023 11:00 AM ET Company Participants Jim Eccher - Chairman, President and CEO Brad Adams - CFO Gary Collins - Vice Chairman Conference Call Participants Terry McEvoy - Stephens Nathan Race - Piper Sandler Chris McGratty - KBW Jeff Rulis - D.A. Davidson David Long - Raymond James Brian Martin - Janney Montgomery Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc.'s Second Quarter 2023 Earnings Call.

Old Second Bancorp, Inc. (OSBC) Q2 2023 Earnings Call Transcript

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.31 per share a year ago.

Old Second Bancorp (OSBC) Beats Q2 Earnings Estimates

AURORA, IL / ACCESSWIRE / July 19, 2023 / 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 2023. Our net income was $25.6 million, or $0.56 per diluted share, for the second quarter of 2023, compared to net income of $23.6 million, or $0.52 per diluted share, for the first quarter of 2023, and net income of $12.2 million, or $0.27 per diluted share, for the second quarter of 2022.

Old Second Bancorp, Inc. Reports Second Quarter 2023 Net Income of $25.6 Million, or $0.56 per Diluted Share

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.

Old Second Bancorp (OSBC) Earnings Expected to Grow: Should You Buy?

Old Second Bancorp, Inc. (OSBC) Q1 2023 Earnings Call Transcript.

Old Second Bancorp, Inc. (OSBC) Q1 2023 Earnings Call Transcript

Old Second Bancorp (OSBC) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.36 per share a year ago.

Old Second Bancorp (OSBC) Q1 Earnings and Revenues Miss Estimates

AURORA, IL / ACCESSWIRE / April 19, 2023 / 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 2023. Our net income was $23.6 million, or $0.52 per diluted share, for the first quarter of 2023, compared to net income of $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022, and net income of $12.0 million, or $0.27 per diluted share, for the first quarter of 2022.

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