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Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services in the United States. The company provides deposit products, including consumer and business checking, NOW, money market, savings, and other time deposit accounts, as well as certificates of deposit and individual retirement accounts. It also offers lending products, such as commercial and industrial loans; commercial real estate loans; multifamily loans; construction and development loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity lines of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; lease financing receivables and overdraft checking; and safe deposit operations. In addition, the company provides 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. The company was founded in 1871 and is headquartered in Aurora, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $333M | - | $80M | $118M | 9.0% | 19.0% | -5.8% |
| 2024 | $280M | - | $85M | $121M | 12.7% | -0.4% | -7.0% |
| 2023 | $281M | - | $92M | $104M | 15.9% | 14.7% | 36.1% |
| 2022 | $245M | - | $67M | $93M | 14.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 244.92 | 280.99 | 279.90 | 333.10 |
| Operating Revenue | - | 244.92 | 280.99 | 279.90 | 333.10 |
| Selling General And Administration | - | 90.78 | 93.20 | 103.08 | 130.29 |
| Interest Income | - | 215.54 | 290.05 | 295.63 | 353.66 |
| Interest Expense | - | 10.32 | 40.04 | 56.27 | 62.22 |
| Net Interest Income | - | 205.22 | 250.01 | 239.36 | 291.45 |
| Pretax Income | - | 91.55 | 124.41 | 112.96 | 107.75 |
| Tax Provision | - | 24.14 | 32.68 | 27.69 | 27.44 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Net Income From Continuing And Discontinued Operation | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Net Income From Continuing Operation Net Minority Interest | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Net Income | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Net Income Common Stockholders | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Net Income Including Noncontrolling Interests | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Normalized Income | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Diluted NI Availto Com Stockholders | - | 67.40 | 91.73 | 85.26 | 80.31 |
| Basic Average Shares | - | 44.53 | 44.66 | 44.83 | 48.88 |
| Diluted Average Shares | - | 45.21 | 45.40 | 45.64 | 49.67 |
| Reconciled Depreciation | - | 6.88 | 7.70 | 9.16 | 11.25 |
| Gain On Sale Of Security | - | -0.94 | -4.15 | 0 | 0.01 |
| Depreciation Amortization Depletion Income Statement | - | 2.63 | 2.46 | 2.44 | 4.54 |
| Depreciation And Amortization In Income Statement | - | 2.63 | 2.46 | 2.44 | 4.54 |
| General And Administrative Expense | - | 90.20 | 92.48 | 101.84 | 128.96 |
| Other Gand A | 7.94 | 15.80 | - | - | - |
| Salaries And Wages | - | 86.57 | 88.57 | 98.02 | 124.66 |
| Insurance And Claims | - | 3.62 | 3.92 | 3.81 | 4.29 |
| Selling And Marketing Expense | - | 0.59 | 0.72 | 1.24 | 1.33 |
| Amortization | - | 2.63 | 2.46 | 2.44 | 4.54 |
| Amortization Of Intangibles Income Statement | - | 2.63 | 2.46 | 2.44 | 4.54 |
| Occupancy And Equipment | - | 14.99 | 14.44 | 16.16 | 19.05 |
| Professional Expense And Contract Services Expense | - | 3.30 | 3.34 | 3.82 | 5.67 |
| Other Non Interest Expense | - | 35.12 | 26.63 | 28.69 | 38.24 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Old Second Bancorp, Inc.this co. | OSBC | $1.1B | 13.72 | 1.23 | 9.0% | - |
| Exzeo Group, Inc. | XZO | $1.1B | 13.79 | 4.49 | 32.6% | 7.44 |
| Heritage Financial Corporation | HFWA | $1.1B | 16.86 | 1.24 | 7.3% | - |
| Preferred Bank | PFBC | $1.1B | 8.51 | 1.44 | 16.9% | - |
| United Fire Group, Inc. | UFCS | $1.1B | 9.51 |
| - |
| - |
| - |
| - |
| - |
| 1.19 |
| 12.6% |
| - |
| Univest Financial Corporation | UVSP | $1.1B | 12.37 | 1.19 | 9.6% | - |
| Metropolitan Bank Holding Corp. | MCB | $1.1B | 15.75 | 1.51 | 9.6% | - |
| Coastal Financial Corporation | CCB | $1.1B | 22.81 | 2.18 | 9.6% | - |
| Porch Group, Inc. | PRCH | $1.1B | -314.12 | -42.88 | 13.7% | 15.96 |
| Peer Median | - | 13.08 | 1.34 | 11.1% | 11.70 | |