Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides a range of banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking. Further, it provides safe deposit services; trust and wealth management services; and money orders, cashier's checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. In addition, the company offers online and mobile banking; corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, foreign and domestic wire transfers, and vault services for currency and coin; and investment, agency, and custodial services for individual, corporate, and not-for-profit clients. It operates through 29 banking centers in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. Old Second Bancorp, Inc. was incorporated in 1981 and is headquartered in Aurora, Illinois.
IPO Year:
Exchange: NASDAQ
Website: oldsecond.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/25/2024 | $19.00 → $17.00 | Buy → Neutral | DA Davidson |
| 9/17/2024 | $19.00 → $18.00 | Strong Buy → Outperform | Raymond James |
| 4/4/2024 | $17.00 | Outperform → Strong Buy | Raymond James |
| 4/5/2023 | $18.00 | Overweight | Stephens |
| 3/21/2022 | $22.00 | Neutral → Buy | DA Davidson |
| 1/28/2022 | $16.00 → $17.00 | Strong Buy | Raymond James |
| 10/22/2021 | $15.00 → $16.00 | Strong Buy | Raymond James |
| 7/23/2021 | $16.00 → $15.00 | Strong Buy | Raymond James |
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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $23.3 million, or $0.51 per diluted sha
Old Second National Bank Acquires 5 Illinois Branches from First Merchants BankProposed 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
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, Aug. 27, 2024 (GLOBE NEWSWIRE) -- 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 w
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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $21.0 million, or $0.46 per diluted shar
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."We are excited to support Encore Consumer Capital's acquisition of Chalet. Chalet is a category leader with extensive manufacturing capabilities and an impressive management team. We
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. Sean brings great underwriting experience to our team and he will be helpful in driving our continued growth. Since we started O2 Sponsor Finance almost two and half years ago, we have been growing our portfolio substantially and our focus has always been on taking care of our clients and growing our team as necessary always with the high-quality people available. Sean complements our
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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $21.3 million, or $0.47 per diluted share
CHICAGO, IL / ACCESSWIRE / April 15, 2024 / O2 Sponsor Finance, a division of Old Second National Bank, announced that it provided senior secured credit facilities to support their client Catalina Finer Food, LLC ("Catalina") in their acquisition of Saugatuck Kitchens, LLC in partnership with shareholders Midwest Growth Partners, Promise Holdings, Gemini Investors, Farragut Capital Partners, Lake Country Capital, SharpVue Capital, and Spring Capital ("the Sponsors").Catalina, founded in 1974, is a Tampa, Florida based manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales and other ancillary products. Catalina provides these fro
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. The Company is an industry leader with a strong brand and an exceptional management team. We look forward to supporting the Company's growth" said Nick O'Brien, Senior Vice President, O2 Sponsor Finance.About Association HQ: Founded in 1978 and headquartered in New Jersey, Association HQ is a leading association management company offering a compr
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. Actively involved in business and community organizations, Steve currently serves as the President of the Board of Directors for the McHenry County College Foundation, which works to provide scholarships to students in need, and the Trea
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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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $23.3 million, or $0.51 per diluted sha
Old Second National Bank Acquires 5 Illinois Branches from First Merchants BankProposed 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
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, Aug. 27, 2024 (GLOBE NEWSWIRE) -- 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 w
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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $21.0 million, or $0.46 per diluted shar
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. Adjusted net income, a non-GAAP financial measure that excludes certain nonrecurring items, as applicable, was $21.3 million, or $0.47 per diluted share
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. Adjusted net income, a non-GAAP financial measure that excludes nonrecurring litigation related expenses and Visa portfolio liquidation and deconver
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. Adjusted net income, a non-GAAP financial measure that excludes Visa portfolio and land trust portfolio gains on sale, Visa portfolio liquidation and
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. Adjusted net income, a non-GAAP financial measure that excludes net pre-tax losses totaling $29,000 from branch sales, was also $25.6 million, or $0.56
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. Adjusted net income, a non-GAAP financial measure that excludes net pre-tax gains totaling $306,000 from branch sales, was $23.4 million, or $0.52 per d
AURORA, IL / ACCESSWIRE / January 25, 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 fourth quarter of 2022. Our net income was $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022, compared to net income of $19.5 million, or $0.43 per diluted share, for the third quarter of 2022, and a net loss of $9.1 million, or $0.26 per diluted share, for the fourth quarter of 2021. Adjusted net income, a non-GAAP financial measure that excludes pre-tax amounts of $645,000 of acquisition related costs, and net of gains totaling $
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DA Davidson analyst Manuel Navas maintains Old Second Bancorp (NASDAQ:OSBC) with a Buy and raises the price target from $16 to $19.
Piper Sandler analyst Nathan Race maintains Old Second Bancorp (NASDAQ:OSBC) with a Overweight and raises the price target from $18 to $19.5.
Old Second Bancorp (NASDAQ:OSBC) reported reported quarterly sales of $70.817 million which beat the analyst consensus estimate of $69.805 million by 1.45 percent. This is a 1.37 percent decrease over sales of $71.803 million the same period last year.
Old Second Bancorp (NASDAQ:OSBC) reported quarterly earnings of $0.46 per share which missed the analyst consensus estimate of $0.47 by 2.13 percent. This is a 17.86 percent decrease over earnings of $0.56 per share from the same period last year.
Stephens & Co. analyst Terry McEvoy reiterates Old Second Bancorp (NASDAQ:OSBC) with a Overweight and maintains $17 price target.
Old Second Bancorp (NASDAQ:OSBC) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. The company reported quarterly sales of $70.284 million which beat the analyst consensus estimate of $69.799 million by 0.70 percent. This is a 1.61 percent decrease over sales of $71.436 million the same period last year.
Companies Reporting Before The Bell • ASML Holding (NASDAQ:ASML) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion. • VinFast Auto (NASDAQ:VFS) is expected to report earnings for its first quarter. • Prologis (NYSE:PLD) is likely to report quarterly earnings at $1.28 per share on revenue of $1.86 billion. • Abbott Laboratories (NYSE:ABT) is estimated to report quarterly earnings at $0.96 per share on revenue of $9.89 billion. • First Horizon (NYSE:FHN) is estimated to report quarterly earnings at $0.34 per share on revenue of $809.71 million. • U.S. Bancorp (NYSE:USB) is projected to report quarterly earnings at $0.88 per share on revenue of $6.72
Raymond James analyst David Long upgrades Old Second Bancorp (NASDAQ:OSBC) from Outperform to Strong Buy and maintains the price target from $17 to $17.
What are Value Stocks? A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. The following stocks are considered to be notable value stocks in the financial services sector: Meridian (NASDAQ:MRBK) - P/E: 8.52 Intl General Insurance (NASDAQ:IGIC) - P/E: 6.07 Old Second Bancorp (NASDAQ:OSBC) - P/E: 6.61 OceanFirst Financial (NASDAQ:OCFC) - P/E: 8.96 People
On February 05, 2024, Old Second Bancorp (NASDAQ:OSBC) will distribute a dividend payout of $0.05 per share, equating to an annualized dividend yield of 1.33%. Shareholders who owned the stock before the ex-dividend date on January 25, 2024 will receive this payout. Old Second Bancorp Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-child(ev
10-Q - OLD SECOND BANCORP INC (0000357173) (Filer)
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8-K - OLD SECOND BANCORP INC (0000357173) (Filer)
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8-K - OLD SECOND BANCORP INC (0000357173) (Filer)
10-Q - OLD SECOND BANCORP INC (0000357173) (Filer)
8-K - OLD SECOND BANCORP INC (0000357173) (Filer)
8-K - OLD SECOND BANCORP INC (0000357173) (Filer)
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11-K - OLD SECOND BANCORP INC (0000357173) (Filer)
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. Mr. Klaeser was also appointed to the Board of Directors of the Bank. William Skoglund, Chairman of the Board of Old Second, commented: "I am pleased to welcome Dennis to our Board and look forward to working with him. Dennis offers considerable experience i
DA Davidson downgraded Old Second Bancorp Inc. from Buy to Neutral and set a new price target of $17.00 from $19.00 previously
Raymond James downgraded Old Second Bancorp Inc. from Strong Buy to Outperform and set a new price target of $18.00 from $19.00 previously
Raymond James upgraded Old Second Bancorp Inc. from Outperform to Strong Buy and set a new price target of $17.00
Stephens initiated coverage of Old Second Bancorp Inc. with a rating of Overweight and set a new price target of $18.00
DA Davidson upgraded Old Second Bancorp Inc. from Neutral to Buy and set a new price target of $22.00
Raymond James reiterated coverage of Old Second Bancorp with a rating of Strong Buy and set a new price target of $17.00 from $16.00 previously
Raymond James reiterated coverage of Old Second Bancorp with a rating of Strong Buy and set a new price target of $16.00 from $15.00 previously
Raymond James reiterated coverage of Old Second Bancorp with a rating of Strong Buy and set a new price target of $15.00 from $16.00 previously
Raymond James reiterated coverage of Old Second Bancorp with a rating of Strong Buy and set a new price target of $16.00 from $13.00 previously
Raymond James reiterated coverage of Old Second Bancorp with a rating of Outperform and set a new price target of $16.00 from $13.00 previously