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.

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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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The mean of analysts' price targets for Old Second Bancorp (OSBC) points to a 34.9% 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.

Wall Street Analysts Predict a 35% Upside in Old Second Bancorp (OSBC): Here's What You Should Know

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The mean of analysts' price targets for Old Second Bancorp (OSBC) points to a 26.8% 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.

Wall Street Analysts Predict a 27% Upside in Old Second Bancorp (OSBC): Here's What You Should Know

The consensus price target hints at a 32.6% 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.

Does Old Second Bancorp (OSBC) Have the Potential to Rally 33% as Wall Street Analysts Expect?

Old Second Bancorp, Inc. (NASDAQ:OSBC ) Q1 2022 Earnings Conference Call April 28, 2022 11:00 AM ET Company Participants Jim Eccher - Chief Executive Officer Brad Adams - Chief Financial Officer Gary Collins - Vice Chairman Conference Call Participants Chris McGratty - KBW Nathan Race - Piper Sandler David Long - Raymond James Manuel Navas - D.A. Davidson Brian Martin - Janney Montgomery Scott Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp Inc.'s First Quarter 2022 Earnings Call.

Old Second Bancorp, Inc. (OSBC) CEO Jim Eccher on Q1 2022 Results - Earnings Call Transcript

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.

Earnings Preview: Old Second Bancorp (OSBC) Q1 Earnings Expected to Decline

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AURORA, IL / ACCESSWIRE / April 5, 2022 / Old Second Bancorp, Inc. (NASDAQ:OSBC) announced that its banking subsidiary, Old Second National Bank ("Old Second"), has again received an overall "Outstanding" rating from the Office of the Comptroller of the Currency ("OCC") in its most recent Community Reinvestment Act ("CRA") Performance Evaluation covering the years 2018 through 2020. In its evaluation, the OCC assessed Old Second's performance in helping to meet the credit needs of low- and moderate-income ("LMI") individuals, as well as its deployment of capital and other products and services in the LMI communities it serves.

Old Second Receives "Outstanding" Community Reinvestment Act Rating

Old Second Bancorp (OSBC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Old Second Bancorp (OSBC) Surges 8%: Is This an Indication of Further Gains?

Old Second Bancorp, Inc. (OSBC) CEO Jim Eccher on Q4 2021 Results - Earnings Call Transcript

AURORA, IL / ACCESSWIRE / December 1, 2021 / Old Second Bancorp, Inc. (NASDAQ:OSBC) ("Old Second") announced today that it has completed its previously announced merger with West Suburban Bancorp, Inc. ("West Suburban"), effective December 1, 2021. Also effective December 1, 2021, West Suburban's subsidiary bank, West Suburban Bank, merged into Old Second's subsidiary bank, Old Second National Bank.

Old Second Completes Merger with West Suburban

AURORA and LOMBARD, IL / ACCESSWIRE / November 30, 2021 / Old Second Bancorp, Inc. (Nasdaq:OSBC) ("Old Second") and West Suburban Bancorp, Inc. ("West Suburban") jointly announced today that each has received shareholder approval for the merger of West Suburban into Old Second in a cash and stock transaction. The merger, which was announced on July 25, 2021, is expected to close on December 1, 2021, subject to satisfaction of customary closing conditions.

Old Second and West Suburban Announce Shareholder Approval of Merger

Old Second Bancorp, Inc. (OSBC) CEO Jim Eccher on Q3 2021 Results - Earnings Call Transcript

Old Second Bancorp (OSBC) delivered earnings and revenue surprises of 3.57% and 0.63%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

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

AURORA, Ill., Oct. 20, 2021 /PRNewswire/ -- 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 2021.

Old Second Reports Third Quarter Net Income of $8.4 million, or $0.29 per Diluted Share

AURORA, Ill., Oct. 15, 2021 /PRNewswire/ -- Aurora, IL-based Old Second Bancorp, Inc. ("Old Second", NASDAQ: OSBC), the holding company for Old Second National Bank, announced today that it has received the bank regulatory approvals required to complete its previously announced merger with Lombard, IL-based West Suburban Bancorp, Inc. ("West Suburban"), and its wholly-owned subsidiary, West Suburban Bank.

Old Second Bancorp, Inc. Announces Receipt of Regulatory Approvals to Complete its Merger Transaction with West Suburban Bancorp, Inc.

NEW YORK, Oct. 1, 2021 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Old Second Bancorp, Inc. ("OSBC" or the "Company") (OSBC) relating to its proposed merger with West Suburban Bancorp. Under the terms of the agreement, West Suburban shareholders will receive 42.413 shares of OSBC and $271.15 in cash per share they own.

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Old Second Bancorp, Inc. - OSBC

Philadelphia, Pennsylvania--(Newsfile Corp. - September 25, 2021) - Kaskela Law LLC announces that it is investigating Old Second Bancorp, Inc. ("Old Second") (NASDAQ: OSBC) of behalf of the company's shareholders.On July 26, 2021, Old Second announced that it had entered into an agreement to acquire West Suburban Bancorp, Inc. ("West Suburban"). According to the announcement, West Suburban shareholders will receive 42.413 shares of Old Second common stock and $271.15 in cash for each share...

Kaskela Law LLC Announces Shareholder Investigation of Old Second Bancorp, Inc. - OSBC

Hugh Mclean, at Old Second Bancorp (NASDAQ:OSBC), made a large insider buy on September 3, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that MCLEAN purchased 10,000 shares of Old Second Bancorp at a price of $11.79 per share.

Notable Old Second Bancorp Insider Makes $117.84 Thousand Buy

AURORA, Ill., Aug. 25, 2021 /PRNewswire/ -- Old Second Bancorp, Inc. (the "Old Second ) (NASDAQ: OSBC), the holding company for Old Second National Bank (the "Bank"), announced today that it has increased the size of the Board of Directors to 14 members and appointed Dennis Klaeser to the Board, effective August 17, 2021.

Old Second Bancorp Announces the Appointment of New Director

NEW YORK, July 26, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of West Suburban Bancorp, Inc. ("West Suburban" or the "Company") (OTC: WNRP) in connection with the Company's proposed merger with Old Second Bancorp Inc. ("Old Second") (NASDAQ: OSBC)). Under the terms of the merger agreement, West Suburban shareholders will receive $271.15 in cash and 42.413 shares of Old Second stock for each West Suburban share they own, representing implied per-share merger consideration of approximately $769.93 based upon Old Second's July 23, 2021 closing price of $11.76.

SHAREHOLDER ALERT: WeissLaw LLP Investigates West Suburban Bancorp, Inc.

Old Second and West Suburban Announce Combination to Create the Leading Community Bank in Chicago

Old Second Bancorp, Inc. (OSBC) CEO Jim Eccher on Q2 2021 Results - Earnings Call Transcript

Old Second Bancorp (OSBC) delivered earnings and revenue surprises of -9.09% and -12.05%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Old Second Bancorp (OSBC) Q2 Earnings and Revenues Miss Estimates

AURORA, IL / ACCESSWIRE / July 21, 2021 / Old Second Bancorp, Inc. (the "Company," "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 2021. Our net income was $8.8 million, or $0.30 per diluted share, for the second quarter of 2021, compared to net income of $11.9 million, or $0.40 per diluted share, for the first quarter of 2021, and net income of $9.2 million, or $0.31 per diluted share, for the second quarter of 2020.

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