NASDAQ : OSBC
Old Second Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 24.3 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.20B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 359.44M | 305.90M | 253.41M | 244.28M | 176.51M | 90.78M |
| Interest Income on Investments | 44.49M | 49.28M | 44.49M | 47.69M | 39.96M | 14.39M |
| Total Interest Income | 403.93M | 355.18M | 297.90M | 291.97M | 216.47M | 105.17M |
| Interest Paid on Deposits | 58.51M | 56.37M | 38.01M | 15.40M | 3.35M | 2.47M |
| Interest Paid on Borrowings | 13.85M | 5.85M | 18.26M | 24.64M | 6.97M | 5.98M |
| Total Interest Expense | 72.36M | 62.22M | 56.27M | 40.04M | 10.32M | 8.45M |
| Net Interest Income | 331.57M | 292.96M | 241.63M | 251.93M | 206.16M | 96.72M |
| Trust Income | 14.23M | 13.24M | 11.43M | 9.80M | 9.89M | 9.41M |
| Mortgage Banking Activities | 511.00K | 372.00K | 287.00K | 259.00K | 332.00K | 1.04M |
| Gain (Loss) on Sale of Investments | 7.00K | 7.00K | -4.15M | -944.00K | 232.00K | |
| Other Non-Interest Income | 22.49M | 18.74M | 19.17M | 16.97M | 22.26M | 13.87M |
| Total Non-Interest Income | 51.12M | 45.93M | 42.91M | 34.18M | 43.12M | 39.26M |
| Revenues Before Loan Losses | 382.69M | 338.90M | 284.55M | 286.11M | 249.27M | 135.97M |
| Provision for Loan Losses | 26.75M | 27.55M | 12.75M | 16.50M | 6.55M | 4.33M |
| Revenue | 355.94M | 311.34M | 271.80M | 269.61M | 242.72M | 131.65M |
| Salaries and Employee Benefits | 115.75M | 119.11M | 94.11M | 84.96M | 83.61M | 56.26M |
| Occupancy Expenses | 16.07M | 14.25M | 12.56M | 11.49M | 12.70M | 8.18M |
| Federal Deposit Insurance | 2.98M | 2.84M | 2.54M | 2.71M | 2.40M | 975.00K |
| Amortization of Goodwill & Intangibles | 4.73M | 4.54M | 2.44M | 2.46M | 2.63M | 644.00K |
| Selling, General & Administrative | 36.37M | 31.19M | 22.05M | 17.89M | 24.94M | 17.38M |
| Other Non-Interest Expense | 30.21M | 29.96M | 23.82M | 25.29M | 24.77M | 16.39M |
| Total Non-Interest Expense | 206.02M | 204.02M | 159.75M | 145.20M | 151.17M | 99.97M |
| EBT Excluding Unusual Items | 149.92M | 107.32M | 112.05M | 124.41M | 91.55M | 31.68M |
| Pretax Income | 149.92M | 107.75M | 112.96M | 124.41M | 91.55M | 27.87M |
| Income Tax Expense | 38.43M | 27.44M | 27.69M | 32.68M | 24.14M | 7.82M |
| Net Income | 111.49M | 80.31M | 85.26M | 91.73M | 67.41M | 20.04M |
| Net Income to Common | 111.49M | 80.31M | 85.26M | 91.73M | 67.41M | 20.04M |
| Basic Shares Outstanding | 51.68M | 48.88M | 44.83M | 44.66M | 44.53M | 30.21M |
| Diluted Shares Outstanding | 52.52M | 49.67M | 45.64M | 45.40M | 45.21M | 30.74M |
| EPS (Basic) | 2.16 | 1.64 | 1.90 | 2.05 | 1.51 | 0.66 |
| EPS (Diluted) | 2.12 | 1.62 | 1.87 | 2.02 | 1.49 | 0.65 |
| Dividend Per Share | 0.28 | 0.25 | 0.21 | 0.20 | 0.20 | 0.16 |
| Effective Tax Rate | 25.63% | 25.47% | 24.52% | 26.27% | 26.37% | 28.07% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 108.10M | 124.03M | 99.33M | 100.14M | 115.18M | 752.11M |
| Investment Securities | 978.58M | 642.44M | 692.81M | 693.91M | 880.60M | 848.36M |
| Trading Asset Securities | 4.35M | 5.58M | 5.38M | 6.59M | 4.00M | |
| Mortgage-Backed Securities | 448.08M | 468.89M | 498.91M | 658.76M | 845.27M | |
| Total Investments | 978.58M | 1.09B | 1.17B | 1.20B | 1.55B | 1.70B |
| Gross Loans | 5.24B | 5.25B | 3.98B | 4.04B | 3.87B | 3.42B |
| Allowance for Loan Losses | -64.19M | -72.30M | -43.62M | -44.26M | -49.48M | -44.28M |
| Net Loans | 5.17B | 5.18B | 3.94B | 4.00B | 3.82B | 3.38B |
| Property, Plant & Equipment | 83.36M | 86.64M | 87.31M | 79.31M | 72.36M | 88.00M |
| Goodwill | 129.20M | 129.20M | 93.26M | 86.48M | 86.48M | 86.33M |
| Other Intangible Assets | 20.20M | 23.69M | 22.03M | 11.22M | 13.68M | 16.30M |
| Loans Held for Sale | 1.41M | 3.65M | 1.56M | 1.32M | 491.00K | 4.74M |
| Accrued Interest Receivable | 30.40M | 24.60M | 27.10M | 22.70M | 13.50M | |
| Other Current Assets | 371.00K | 1.40M | 1.00M | 4.60M | ||
| Long-Term Deferred Tax Assets | 33.26M | 31.28M | 26.62M | 31.08M | 44.75M | 6.10M |
| Other Real Estate Owned & Foreclosed | 1.43M | 21.62M | 5.12M | 1.56M | 2.36M | |
| Other Long-Term Assets | 209.81M | 185.97M | 162.11M | 164.67M | 154.82M | 161.53M |
| Total Assets | 6.78B | 6.90B | 5.65B | 5.72B | 5.89B | 6.21B |
| Interest Bearing Deposits | 3.66B | 3.24B | 2.67B | 2.47B | 2.86B | 3.17B |
| Institutional Deposits | 621.53M | 396.15M | 261.87M | 197.90M | 207.51M | |
| Non-Interest Bearing Deposits | 1.67B | 1.74B | 1.70B | 1.83B | 2.05B | 2.09B |
| Total Deposits | 5.33B | 5.60B | 4.77B | 4.57B | 5.11B | 5.47B |
| Short-Term Borrowings | 424.91M | 239.93M | 59.85M | 439.79M | 134.42M | 57.15M |
| Current Portion of Long-Term Debt | 9.00M | 8.00M | ||||
| Current Portion of Leases | 3.65M | |||||
| Long-Term Debt | 29.81M | 59.55M | 59.47M | 59.38M | 103.88M | 114.77M |
| Federal Home Loan Bank Debt, Long-Term | 9.89M | 14.82M | ||||
| Long-Term Leases | 9.05M | 12.46M | 11.58M | |||
| Trust Preferred Securities | 25.77M | 25.77M | 25.77M | 25.77M | 25.77M | 25.77M |
| Other Long-Term Liabilities | 82.09M | 57.06M | 52.06M | 38.24M | 43.38M | 38.24M |
| Total Liabilities | 5.90B | 6.01B | 4.98B | 5.15B | 5.43B | 5.71B |
| Common Stock | 53.02M | 53.02M | 44.91M | 44.70M | 44.70M | 44.70M |
| Additional Paid-In Capital | 340.75M | 341.45M | 205.28M | 202.22M | 202.28M | 202.44M |
| Retained Earnings | 609.07M | 537.23M | 469.17M | 393.31M | 310.51M | 252.01M |
| Treasury Stock | -80.89M | -6.19M | -575.00K | -177.00K | -3.23M | -5.90M |
| Comprehensive Income & Other | -43.40M | -28.74M | -47.75M | -62.78M | -93.12M | 8.77M |
| Shareholders' Equity | 878.55M | 896.77M | 671.03M | 577.28M | 461.14M | 502.03M |
| Total Liabilities & Equity | 6.78B | 6.90B | 5.65B | 5.72B | 5.89B | 6.21B |
| Total Debt | 490.38M | 352.77M | 157.55M | 536.53M | 273.08M | 205.69M |
| Net Cash (Debt) | -382.28M | -224.40M | -52.64M | -431.00M | -151.31M | 550.42M |
| Net Cash Per Share | -7.28 | -4.52 | -1.15 | -9.49 | -3.35 | 17.91 |
| Filing Date Shares Outstanding | 49.42M | 52.69M | 45.05M | 44.80M | 44.67M | 44.46M |
| Total Common Shares Outstanding | 49.42M | 52.67M | 44.87M | 44.70M | 44.58M | 44.46M |
| Book Value Per Share | 17.78 | 17.03 | 14.95 | 12.92 | 10.34 | 11.29 |
| Tangible Book Value | 729.16M | 743.88M | 555.74M | 479.59M | 360.99M | 399.39M |
| Tangible Book Value Per Share | 14.75 | 14.12 | 12.38 | 10.73 | 8.10 | 8.98 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 80.31M | 85.26M | 91.73M | 67.41M | 20.04M | |
| Depreciation & Amortization | 11.25M | 9.16M | 7.70M | 6.88M | 3.80M | |
| Other Amortization | 1.00K | 47.00K | ||||
| Gain (Loss) on Sale of Assets | -943.00K | -421.00K | -879.00K | -2.18M | -41.00K | |
| Gain (Loss) on Sale of Investments | 1.93M | 2.65M | 7.46M | 6.16M | 2.70M | |
| Total Asset Writedown | 681.00K | 1.74M | 269.00K | 104.00K | 3.89M | |
| Provision for Credit Losses | 27.55M | 12.75M | 16.50M | 6.55M | 4.33M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -798.00K | 807.00K | 95.00K | 5.17M | 15.20M | |
| Accrued Interest Receivable | 8.78M | 4.13M | -6.64M | -1.11M | 6.87M | |
| Change in Income Taxes | 4.32M | 5.99M | -4.87M | 12.05M | -9.29M | |
| Change in Other Net Operating Assets | -3.20M | -3.62M | -2.12M | -718.00K | -1.39M | |
| Other Operating Activities | -636.00K | -2.57M | -1.49M | -10.32M | 3.89M | |
| Operating Cash Flow | 122.26M | 131.53M | 116.40M | 97.34M | 31.05M | |
| Capital Expenditures | -4.50M | -10.79M | -12.38M | -4.33M | -2.03M | |
| Sale of Property, Plant and Equipment | 2.25M | 4.54M | 13.35M | |||
| Cash Acquisitions | 10.53M | 237.44M | -146.00K | 149.00M | ||
| Investment in Securities | 213.93M | 44.00M | 378.37M | 9.18M | -141.38M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -75.84M | 34.71M | -197.57M | -443.90M | 122.10M | |
| Other Investing Activities | -11.24M | 14.10M | -13.41M | -7.86M | -591.00K | |
| Investing Cash Flow | 159.82M | 322.70M | 161.56M | -432.78M | 132.92M | |
| Short-Term Debt Issued | 179.50M | 10.19M | 315.00M | 90.00M | ||
| Long-Term Debt Issued | 59.15M | |||||
| Total Debt Issued | 179.50M | 10.19M | 315.00M | 90.00M | 59.15M | |
| Short-Term Debt Repaid | -12.89M | -385.00M | -5.69M | -18.18M | -16.64M | |
| Long-Term Debt Repaid | -54.00M | -10.06M | -4.32M | |||
| Total Debt Repaid | -12.89M | -385.00M | -59.69M | -28.24M | -20.96M | |
| Net Debt Issued (Repaid) | 166.61M | -374.81M | 255.31M | 61.76M | 38.19M | |
| Repurchase of Common Stock | -7.41M | -1.05M | -605.00K | -455.00K | -10.42M | |
| Common Dividends Paid | -12.24M | -9.41M | -8.95M | -8.88M | -4.61M | |
| Total Dividends Paid | -12.24M | -9.41M | -8.95M | -8.88M | -4.61M | |
| Net Increase (Decrease) in Deposit Accounts | -404.35M | -69.78M | -538.75M | -353.93M | 235.08M | |
| Financing Cash Flow | -257.39M | -455.05M | -292.99M | -301.50M | 258.24M | |
| Net Cash Flow | 24.70M | -816.00K | -15.03M | -636.93M | 422.20M | |
| Free Cash Flow | 117.76M | 120.75M | 104.03M | 93.01M | 29.01M | |
| Free Cash Flow Margin | 37.82% | 44.42% | 38.58% | 38.32% | 22.04% | |
| Free Cash Flow Per Share | 2.37 | 2.65 | 2.29 | 2.06 | 0.94 | |
| Cash Interest Paid | 60.53M | 55.27M | 38.45M | 10.20M | 8.12M | |
| Cash Income Tax Paid | 20.69M | 22.96M | 35.66M | 11.23M | 10.59M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.23B | 1.03B | 797.49M | 690.14M | 714.97M | 361.43M |
| Last Close Price | 24.30 | 19.25 | 17.30 | 14.83 | 15.19 | 11.75 |
| PE Ratio | 11.73 | 12.79 | 9.35 | 7.52 | 10.61 | 18.03 |
| PS Ratio | 3.47 | 3.30 | 2.93 | 2.56 | 2.95 | 2.75 |
| PB Ratio | 1.37 | 1.15 | 1.19 | 1.20 | 1.55 | 0.72 |
| P/FCF Ratio | 8.68 | 8.72 | 6.61 | 6.63 | 7.69 | 12.46 |
| P/OCF Ratio | 8.47 | 8.40 | 6.06 | 5.93 | 7.34 | 11.64 |
| Debt / Equity Ratio | 0.56 | 0.39 | 0.23 | 0.93 | 0.59 | 0.41 |
| Debt / FCF Ratio | 3.00 | 1.30 | 5.16 | 2.94 | 7.09 | |
| Net Debt / Equity Ratio | 0.43 | 0.25 | 0.08 | 0.75 | 0.33 | -1.10 |
| Net Debt / FCF Ratio | 1.91 | 0.44 | 4.14 | 1.63 | -18.97 | |
| Return on Equity (ROE) | 12.78% | 10.24% | 13.66% | 17.67% | 14.00% | 4.96% |
| Return on Assets (ROA) | 1.62% | 1.28% | 1.50% | 1.58% | 1.11% | 0.43% |
| Earnings Yield | 8.53% | 7.82% | 10.69% | 13.29% | 9.43% | 5.55% |
| FCF Yield | 11.53% | 11.47% | 15.14% | 15.07% | 13.01% | 8.03% |
| Dividend Yield | 1.29% | 1.28% | 1.18% | 1.29% | 1.25% | 1.97% |
| Payout Ratio | 15.06% | 15.24% | 11.04% | 9.75% | 13.17% | 23.01% |
| Buyback Yield / Dilution | -10.09% | -8.83% | -0.54% | -0.40% | -47.09% | -1.87% |
| Total Shareholder Return | -8.81% | -7.55% | 0.64% | 0.89% | -45.84% | 0.10% |