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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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 244.92 | 280.99 | 279.90 | 333.10 |
| Pretax Income | 91.55 | 124.41 | 112.96 | 107.75 |
| Tax Provision | 24.14 | 32.68 | 27.69 | 27.44 |
| Net Income | 67.41 | 91.73 | 85.26 | 80.31 |
| Net Income Common Stockholders | 67.41 | 91.73 | 85.26 | 80.31 |
| Interest Expense | 10.32 | 40.04 | 56.27 | 62.22 |
| Interest Income | 215.54 | 290.05 | 295.63 | 353.66 |
| Selling General And Administration | 90.78 | 93.20 | 103.08 | 130.29 |
| Normalized Income | 67.41 | 91.73 | 85.26 | 80.31 |
| Basic EPS | 1.51 | 2.05 | 1.90 | 1.64 |
| Diluted EPS | 1.49 | 2.02 | 1.87 | 1.62 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.26 | 0.26 | 0.24 | 0.26 |
| Net Income From Continuing Operation Net Minority Interest | 67.41 | 91.73 | 85.26 | 80.31 |
| Reconciled Depreciation | 6.88 | 7.70 | 9.16 | 11.25 |
| Net Interest Income | 205.22 | 250.01 | 239.36 | 291.45 |
| Net Income From Continuing And Discontinued Operation | 67.41 | 91.73 | 85.26 | 80.31 |
| Diluted Average Shares | 45.21 | 45.40 | 45.64 | 48.88 |
| Basic Average Shares | 44.53 | 44.66 | 44.83 | 48.88 |
| Diluted NI Availto Com Stockholders | 67.41 | 91.73 | 85.26 | 80.31 |
| Net Income Including Noncontrolling Interests | 67.41 | 91.73 | 85.26 | 80.31 |
| Net Income Continuous Operations | 67.41 | 91.73 | 85.26 | 80.31 |
| 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 |
| Amortization | 2.63 | 2.46 | 2.44 | 4.54 |
| Amortization Of Intangibles Income Statement | 2.63 | 2.46 | 2.44 | 4.54 |
| Selling And Marketing Expense | 0.59 | 0.72 | 1.24 | 1.33 |
| General And Administrative Expense | 90.19 | 92.48 | 101.84 | 128.96 |
| Other Gand A | 15.79 | 0 | 0 | 0 |
| Insurance And Claims | 3.62 | 3.92 | 3.81 | 4.29 |
| Salaries And Wages | 86.57 | 88.57 | 98.03 | 124.66 |
| Operating Revenue | 244.92 | 280.99 | 279.90 | 333.10 |
| 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 | 12.28 | 1.20 | 9.0% | - |
| Porch Group, Inc. | PRCH | $1.1B | - | -43.48 | -15.0% | 19.23 |
| Metropolitan Bank Holding Corp. | MCB | $1.1B | 10.96 | 1.20 | 9.6% | - |
| Universal Insurance Holdings, Inc. | UVE | $1.1B | 5.80 | 1.99 | 33.2% | 2.18 |
| OceanFirst Financial Corp. | OCFC | $1.1B |
| 16.00 |
| 0.65 |
| 4.3% |
| - |
| Burford Capital Limited | BUR | $1.1B | 17.32 | 0.43 | 2.0% | - |
| Northeast Bank | NBN | $1.1B | 11.96 | 1.87 | 16.9% | - |
| Strive Asset Management, LLC | ASST | $1.0B | - | 1.11 | -92.5% | -4.30 |
| Univest Financial Corporation | UVSP | $1.0B | 11.34 | 1.12 | 9.6% | - |
| Peer Median | - | 11.65 | 1.11 | 6.9% | 2.18 | |