Old Second Bancorp (NASDAQ:OSBC) Stock

Old Second Bancorp

Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, and individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.

Earnings

Large Cap

News

Offerings

Small Cap

Markets

Analyst Ratings

Trading Ideas

LPLA

OSBC

LPL Financial (NASDAQ: LPLA) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ.

LPL Financial on Buyout Spree, to Acquire Investment Center

Mid Cap

FRME

Old Second Bancorp, Inc. (NASDAQ: OSBC) signed an agreement with First Merchants Corp. (NASDAQ: FRME) to acquire five Illinois branches alongside certain branch-specific loans and deposits.

Old Second Bancorp to Acquire First Merchants&#39; 5 Branches in Illinois

Upgrades

Old Second Bancorp (NASDAQ: OSBC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

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

Old Second Bancorp Inc

Stephens &amp; Co. analyst Terry McEvoy reiterates Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and maintains $21 price target.

Price Target

Reiteration

Stephens & Co. Reiterates Overweight on Old Second Bancorp, Maintains $21 Price Target

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) announced its Q4 earnings on Wednesday, January 22, 2025 at 04:07 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Old Second Bancorp missed estimated earnings by -8.0%, reporting an EPS of $0.44 versus an estimate of $0.48.
Revenue was up $3.23 million from the same period last year.
<h3>Historical Earnings Summary</h3>
During the previous quarter, the company beat on EPS by $0.04, leading to a 6.0% increase share price change the next day.
Here's a look at Old Second Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>70.70M</td>
<td>69.80M</td>
<td>69.80M</td>
<td>72.97M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>86.65M</td>
<td>70.82M</td>
<td>70.28M</td>
<td>69.96M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Old Second Bancorp <a href="https://www.benzinga.com/quote/OSBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Old Second Bancorp Q4 Earnings

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.44 per share which missed the analyst consensus estimate of $0.48 by 8.33 percent. This is a 4.76 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $73.194 million which beat the analyst consensus estimate of $70.556 million by 3.74 percent. This is a 4.62 percent increase over sales of $69.964 million the same period last year.

Earnings Beats

Earnings Misses

Old Second Bancorp Q4 2024 Adj. EPS $0.44 Misses $0.48 Estimate, Sales $73.194M Beat $70.556M Estimate

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported its Q4 earnings results on Wednesday, January 22, 2025 at 04:07 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Old Second Bancorp missed estimated earnings by -8.0%, reporting an EPS of $0.44 versus an estimate of $0.48.
Revenue was up $3.23 million from the same period last year.
<h3>Past Earnings Performance</h3>
In the previous quarter, the company beat on EPS by $0.04, resulting in a 6.0% increase change in the share price the following day.
Here's a look at Old Second Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>70.70M</td>
<td>69.80M</td>
<td>69.80M</td>
<td>72.97M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>86.65M</td>
<td>70.82M</td>
<td>70.28M</td>
<td>69.96M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Old Second Bancorp <a href="https://www.benzinga.com/quote/OSBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Old Second Bancorp Earnings Review: Q4 Summary

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) just disclosed its Q4 earnings on Wednesday, January 22, 2025 at 04:07 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Old Second Bancorp missed estimated earnings by -8.0%, reporting an EPS of $0.44 versus an estimate of $0.48.
Revenue was up $3.23 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.04 in the last quarter, resulting in a 6.0% increase share price change the following day.
Here's a look at Old Second Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>70.70M</td>
<td>69.80M</td>
<td>69.80M</td>
<td>72.97M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>86.65M</td>
<td>70.82M</td>
<td>70.28M</td>
<td>69.96M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Old Second Bancorp <a href="https://www.benzinga.com/quote/OSBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Old Second Bancorp Q4 Earnings Assessment

The earnings results for Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) for Q4 were made public on Wednesday, January 22, 2025 at 04:07 PM.
Here's a comprehensive overview of the announcement.
<h3>Earnings</h3>
Old Second Bancorp missed estimated earnings by -8.0%, reporting an EPS of $0.44 versus an estimate of $0.48.
Revenue was up $3.23 million from the same period last year.
<h3>Overview of Past Earnings</h3>
The company beat on EPS by $0.04 in the previous quarter, leading to a 6.0% increase share price change the next day.
Here's a look at Old Second Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>70.70M</td>
<td>69.80M</td>
<td>69.80M</td>
<td>72.97M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>86.65M</td>
<td>70.82M</td>
<td>70.28M</td>
<td>69.96M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Old Second Bancorp <a href="https://www.benzinga.com/quote/OSBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Old Second Bancorp: Q4 Earnings Insights

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) just disclosed its Q4 earnings on Wednesday, January 22, 2025 at 04:07 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Old Second Bancorp missed estimated earnings by -8.0%, reporting an EPS of $0.44 versus an estimate of $0.48.
Revenue was up $3.23 million from the same period last year.
<h3>Analysis of Past Earnings</h3>
During the previous quarter, the company beat on EPS by $0.04, leading to a 6.0% increase share price change the next day.
Here's a look at Old Second Bancorp's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.51</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>70.70M</td>
<td>69.80M</td>
<td>69.80M</td>
<td>72.97M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>86.65M</td>
<td>70.82M</td>
<td>70.28M</td>
<td>69.96M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Old Second Bancorp <a href="https://www.benzinga.com/quote/OSBC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into Old Second Bancorp Q4 Earnings

<h3>Companies Reporting Before The Bell</h3>
• HDFC Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HDB#NYSE">HDB</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $422.93 billion. 
• Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is likely to report quarterly earnings at $6.61 per share on revenue of $10.80 billion. 
• Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $21.59 billion. 
• Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is projected to report quarterly earnings at $1.26 per share on revenue of $837.57 million. 
• GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) is expected to report quarterly earnings at $2.37 per share on revenue of $10.70 billion. 
• Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is likely to report quarterly earnings at $2.02 per share on revenue of $22.45 billion. 
• Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.27 billion. 
• Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) is projected to report quarterly earnings at $5.23 per share on revenue of $1.45 billion. 
• TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is projected to report quarterly earnings at $1.89 per share on revenue of $3.91 billion. 
• OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is projected to report quarterly earnings at $0.96 per share on revenue of $176.15 million. 
• F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $408.00 million. 
• LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $5.87 billion. 
• HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is likely to report quarterly earnings at $0.58 per share on revenue of $57.48 million. 
• Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $5.63 billion. 
• BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $261.25 million. 
• United Community Banks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCB#NYSE">UCB</a>) is likely to report earnings for its fourth quarter. 
• Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is projected to report quarterly earnings at $1.34 per share on revenue of $11.04 billion. 
• Commerce Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBSH#NASDAQ">CBSH</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $417.18 million. 
• Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $2.01 billion. 
• Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $4.06 billion. 
<h3>Companies Reporting After The Bell</h3>
• Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $108.44 million. 
• Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is projected to report quarterly earnings at $1.63 per share on revenue of $3.98 billion. 
• Origin Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBK#NYSE">OBK</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $87.75 million. 
• Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $59.62 million. 
• Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $156.42 million. 
• First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is expected to report quarterly earnings at $0.91 per share on revenue of $24.88 million. 
• NVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEC#NASDAQ">NVEC</a>) is estimated to report earnings for its third quarter. 
• Univest Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UVSP#NASDAQ">UVSP</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $73.45 million. 
• SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report quarterly earnings at $1.53 per share on revenue of $156.30 million. 
• Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is projected to report quarterly earnings at $0.81 per share on revenue of $140.72 million. 
• Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $4.13 billion. 
• Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $1.88 billion. 
• Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is estimated to report quarterly earnings at $0.91 per share on revenue of $55.96 million. 
• RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $435.02 million. 
• CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) is expected to report quarterly earnings at $5.23 per share on revenue of $2.02 billion. 
• Eagle Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NASDAQ">EGBN</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $74.67 million. 
• Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $480.50 million. 
• National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) is likely to report quarterly earnings at $0.79 per share on revenue of $107.38 million. 
• QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is projected to report quarterly earnings at $1.73 per share on revenue of $96.56 million. 
• Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is projected to report quarterly earnings at $1.09 per share on revenue of $185.11 million. 
• Bankwell Finl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWFG#NASDAQ">BWFG</a>) is projected to report quarterly earnings at $0.65 per share on revenue of $22.12 million. 
• Third Coast Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBX#NASDAQ">TCBX</a>) is estimated to report quarterly earnings at $0.53 per share on revenue of $41.96 million. 
• Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) is projected to report quarterly earnings at $1.55 per share on revenue of $980.53 million. 
• Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $131.10 million. 
• Amerant Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $100.68 million. 
• Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) is likely to report quarterly earnings at $0.37 per share on revenue of $62.78 million. 
• Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $457.77 million. 
• Colony Bankcorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NYSE">CBAN</a>) is projected to report quarterly earnings at $0.34 per share on revenue of $28.90 million. 
• Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.21 per share on revenue of $156.09 million. 
• Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is projected to report quarterly earnings at $0.91 per share on revenue of $3.29 billion. 
• Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is estimated to report quarterly earnings at $3.26 per share on revenue of $4.39 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALLY

AMTB

BANR

BWFG

CACI

CADE

CATY

CBAN

CBSH

EGBN

EQBK

HBNC

INBK

NBHC

NVEC

PLXS

QCRH

STLD

TCBX

TFIN

UVSP

WSBC

Earnings Scheduled For January 22, 2025

WIIM

ABCB

ACNB

AMAL

AROW

BANF

BCAL

BFST

BHLB

BHRB

BMRC

BOKF

BPOP

BRKL

BSRR

BSVN

BUSE

CARE

CASH

CBNK

CCBG

CCNE

CFFN

CHCO

CLBK

CNOB

COFS

CTBI

CUBI

CVBF

CZFS

DCOM

EBTC

EFSC

EWBC

FBIZ

FBMS

FBNC

FCBC

FCNCA

FFBC

FFIC

FFIN

FFWM

FIBK

FISI

FLIC

FMAO

FMBH

FMNB

FNLC

FRBA

FRST

FSBC

GABC

GBCI

GCBC

GNTY

GSBC

HAFC

HBCP

HFBL

HFWA

HIFS

HMST

HOMB

HONE

HOPE

HTBI

HTBK

HTLF

Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Piper Sandler analyst Nathan Race maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and raises the price target from $22.5 to $23.

Piper Sandler Maintains Overweight on Old Second Bancorp, Raises Price Target to $23

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.47 by 8.51 percent. This is a 7.27 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $86.65 million which beat the analyst consensus estimate of $70.70 million by 22.56 percent. This is a 18.85 percent increase over sales of $72.91 million the same period last year.

Old Second Bancorp Q3 Adj $0.51 Beats $0.47 Estimate, Sales $86.65M Beat $70.70M Estimate

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-16. Here's what investors need to know before the announcement.
Analysts estimate that Old Second Bancorp will report an earnings per share (EPS) of $0.47. 
The announcement from Old Second Bancorp is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS missed by $0.01, leading to a 2.21% drop in the share price on the subsequent day.
Here's a look at Old Second Bancorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.47</td>
<td>0.46</td>
<td>0.54</td>
<td>0.53</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.47</td>
<td>0.42</td>
<td>0.55</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.0%</td>
<td>2.0%</td>
<td>-8.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729008031_0.png" alt="eps graph" />
<h3>Performance of Old Second Bancorp Shares</h3>
Shares of Old Second Bancorp were trading at $15.57 as of October 14. Over the last 52-week period, shares are up 18.69%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/OSBC/earnings">To track all earnings releases for Old Second Bancorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

What's Next: Old Second Bancorp's Earnings Preview

Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $18.38, a high estimate of $19.50, and a low estimate of $17.00. This current average has increased by 2.11% from the previous average price target of $18.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1727269232_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Old Second Bancorp. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$17.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>David Long</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$18.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Manuel Navas</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$19.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Nathan Race</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$19.50</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Old Second Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Old Second Bancorp compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Old Second Bancorp's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Old Second Bancorp's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OSBC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Old Second Bancorp analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Old Second Bancorp: A Closer Look</h2>
Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, and individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.
<h3>Old Second Bancorp's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Decline in Revenue: Over the 3 months period, Old Second Bancorp faced challenges, resulting in a decline of approximately -1.54% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Old Second Bancorp's net margin excels beyond industry benchmarks, reaching 31.5%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 3.6%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.39%, the company showcases effective utilization of assets.
Debt Management: Old Second Bancorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.67.
<h2>How Are Analyst Ratings Determined?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Old Second Bancorp Through 4 Analysts

DA Davidson analyst Manuel Navas downgrades Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) from Buy to Neutral and lowers the price target from $19 to $17.

Downgrades

DA Davidson Downgrades Old Second Bancorp to Neutral, Lowers Price Target to $17

Raymond James analyst David Long downgrades Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) from Strong Buy to Outperform and lowers the price target from $19 to $18.

Raymond James Downgrades Old Second Bancorp to Outperform, Lowers Price Target to $18

LPL Financial (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lpla#NASDAQ">LPLA</a>) considers acquisitions a core part of its business expansion strategy. In sync with it, the company has signed a definitive agreement to acquire The Investment Center, Inc., a broker-dealer and registered investment adviser based in Bedminster, NJ.
The acquisition will bring The Investment Center&#39;s 240 advisors and nearly $9 billion in assets under LPL Financial&#39;s umbrella, reinforcing its strategy of expanding its advisor network and enhancing offerings.
The Investment Center&#39;s entrepreneurial ethos and advisor-first philosophy align closely with LPL Financial&#39;s mission, making the acquisition a natural fit. Rich Steinmeier, the company&#39;s managing director and chief growth officer, highlighted the opportunity to further empower The Investment Center&#39;s high-performing advisors with LPLA&#39;s industry-leading technology and resources.
By integrating The Investment Center&#39;s well-established back-office support services and investment tools, LPL Financial intends to enhance the service experience for its advisors and clients.
<h2>LPLA&#39;s Past Buyouts</h2>
Given a strong balance sheet position, LPL Financial has accomplished several opportunistic deals over the years. In May 2024, the company acquired the wealth management business of Crown Capital. In February 2024, it announced an agreement to acquire Atria Wealth Solutions to bolster its offerings in the wealth management solutions market.
In 2023, the company took a minority stake in IAA (a hybrid registered investment advisory firm) and acquired FRGIS and the Private Client Group business of Boenning &amp; Scattergood. In 2021, it took over Waddell &amp; Reed&#39;s wealth management business, while in 2020, the company acquired Blaze Portfolio, the assets of E.K. Riley Investments, LLC and Lucia Securities.
Inorganic expansion efforts have been helping LPL Financial diversify revenues, add new capabilities and accelerate expansion into new markets.
<h2>Our Take on LPL Financial&#39;s Expansion Plans</h2>
The recent move to acquire The Investment Center reflects LPL Financial&#39;s intent to solidify its market position by continually adding value through strategic acquisitions.
The deal is poised to strengthen LPLA&#39;s asset base and broaden its advisory network, potentially leading to increased revenue streams. By bringing in more independent advisors and their assets, the company is well-positioned to achieve sustained growth.
So far this year, shares of LPL Financial have lost 3.9% against the industry&#39;s rally of 13.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7d/76652.jpg?v=506973714" />
Image Source: Zacks Investment Research
At present, LPLA carries a Zacks Rank #3 (Hold).
<h2>Other Finance Firms Making Similar Moves</h2>
Last week, Bridgewater Bancshares Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bwb#NASDAQ">BWB</a>) signed an agreement to acquire First Minnetonka City Bank. The consideration will be fully settled in cash and includes a minimum tier 1 capital requirement by the First Minnetonka City Bank.
The deal is anticipated to be 15% accretive to BWB&#39;s 2025 earnings per share with a tangible book value earn-back period of less than three years.
In August, Old Second Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osbc#NASDAQ">OSBC</a>) inked an agreement with First Merchants Corp. to buy five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA.
The acquisition is expected to strengthen OSBC&#39;s status as one of the largest banks headquartered in Chicagoland and significantly expand its existing branch network, specifically in the Southeast Chicago market.
<a href="https://www.zacks.com/stock/news/2331842/lpl-financial-on-buyout-spree-to-acquire-investment-center?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2331842">To read this article on Zacks.com click here.</a>

Old Second Bancorp, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/osbc#NASDAQ">OSBC</a>) signed an agreement with First Merchants Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frme#NASDAQ">FRME</a>) to acquire five Illinois branches alongside certain branch-specific loans and deposits. These branches are located in Southeast Chicago MSA.
<h2>Details of the Acquisition by Old Second Bancorp</h2>
OSBC will pay a total cash consideration of roughly $23 million, equivalent to a 7.5% deposit premium to First Merchants. The company expects to assume roughly $304 million in deposits and almost $12 million in loans associated with these branches.
The deal is expected to be completed by 2024-end, subject to regulatory approvals. Until then, these five branches will continue to operate under First Merchants&#39; name. These will be rebranded as Old Second Bancorp&#39;s branches immediately upon closure of the transaction.
<h2>OSBC&#39;s Strategic Rationale Behind the Deal</h2>
The acquisition is expected to strengthen OSBC&#39;s status as one of the largest banks headquartered in Chicagoland and significantly expand its existing branch network, specifically in the Southeast Chicago market.
For First Merchants, this divestiture completes its branch exit from suburban Chicago markets.
This move aligns with Old Second Bancorp&#39;s inorganic growth strategy to deepen its presence in the Illinois market. In December 2021, the company acquired West Suburban Bancorp, Inc. to enhance its presence in the west suburban Chicago area. The deal comprised the buyout of 34 branches with a retail and commercial client mix of loans and deposits.
<h2>Zacks Rank &amp; Price Performance</h2>
Year to date, shares of Old Second Bancorp have risen 7.3% compared with the industry&#39;s 14% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d3/75770.jpg?v=1648470476" />
Image Source: Zacks Investment Research
Currently, OSBC carries a Zacks Rank #4 (Sell).&nbsp;
<h2>Similar Steps by Other Financial Services Firms</h2>
Earlier this month, State Street Corporation&#39;s asset management unit, State Street Global Advisors, announced an investment in a leading Australian fintech platform, Raiz Invest Limited. As part of the equity investment agreement, State Street Global Advisors will acquire 5% of Raiz&#39;s share capital through a placement.
Through this partnership, State Street Global Advisors&#39; trusted brand and deep knowledge of markets will come together with Raiz&#39;s mobile-first platform, which will help retail investors in Australia with micro-investments primarily in exchange-traded funds and model portfolios.
U.S. Bancorp&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) lead banking division, U.S. Bank, expanded its focus on the healthcare industry with the acquisition of Salucro Healthcare Solutions LLC. The buyout was completed on Aug. 21, 2024. The financial terms of the deal were kept under wraps.
Based in Tempe, AZ, Salucro is a provider of healthcare financial technology with a primary focus on patient payments and billing. Previously, Salucro had been a partner of Elavon, a subsidiary of U.S. Bank. In 2022, U.S. Bank made its initial investment in Salucro, and its platform was sold through Elavon as MedEpay.
The acquisition of Salucro extends U.S. Bank&#39;s more than a century of service to healthcare-focused clientele. Following the acquisition, Salucro&#39;s employees have now become part of U.S. Bank and will be integrated into Elavon, one of the largest global payments processing firms.
<a href="https://www.zacks.com/stock/news/2328487/old-second-bancorp-to-acquire-first-merchants-5-branches-in-illinois?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2328487">To read this article on Zacks.com click here.</a>

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

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

Old Second Bancorp And First Merchants Corporation Announce Transaction Involving Chicagoland Branch Operations;  Old Second Will Purchase 5 Illinois Branch Locations; Old Second Assumes ~$304M In Deposits And Purchasing ~$12M In Brand-Related Loans; Old Second To Pay ~$23M

DA Davidson analyst Manuel Navas maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Buy and raises the price target from $16 to $19.

DA Davidson Maintains Buy on Old Second Bancorp, Raises Price Target to $19

Piper Sandler analyst Nathan Race maintains Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) with a Overweight and raises the price target from $18 to $19.5.

Piper Sandler Maintains Overweight on Old Second Bancorp, Raises Price Target to $19.5

Press Releases

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

Management

O2 Sponsor Finance Hires Sean Maher as Vice President

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

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

Financing

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

Contracts

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

Old Second Bancorp, Inc. Announces Completion of Chicagoland Branch Transaction

Old Second Bancorp, Inc. Reports Fourth Quarter 2024 Net Income of $19.1 Million, or $0.42 per Diluted Share

O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Mangrove Equity Partners Acquisition of A&R Sealcoating

Amerant Bancorp Inc. Class A Common Stock

Amerant Bancorp

Bank First

Business First Bancshares, Inc. - Common Stock

Business First Bancshares

Burke & Herbert Financial Services Corp. - Common Stock

Burke & Herbert Financial

Camden National Corporation - Common Stock

Camden National

CrossFirst Bankshares, Inc. - Common Stock

CrossFirst Bankshares

Capitol Federal Financial, Inc. - Common Stock

Capitol Federal Finl

ConnectOne Bancorp

Central Pacific Financial

Community Trust Bancorp, Inc. - Common Stock

Community Trust Bancorp

Equity Bancshares, Inc. Class A Common Stock

Equity Bancshares

First Community Bankshares, Inc. - Common Stock

First Community

First Mid Bancshares, Inc. - Common Stock

First Mid Bancshares

Horizon Bancorp

HBT Finl

Heritage Financial Corporation - Common Stock

Heritage Financial

Mercantile Bank Corporation - Common Stock

Mercantile Bank

Comments

Old Second Bancorp

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga