Old Second Bancorp Inc
NASDAQ:OSBC
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Old Second Bancorp Inc
Old Second Bancorp, Inc. is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. The company is headquartered in Aurora, Illinois and currently employs 891 full-time employees. The firm through its wholly-owned subsidiary bank, Old Second National Bank (the Bank), offers a range of financial services. The firm provides full-service banking business, which includes a range of deposit products, trust and wealth management services, and lending services, including demand, negotiable order of withdrawal, money market, savings, time deposit and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking; safe deposit operations. The company also provides additional services, which include acquisition of the United States Treasury notes and bonds, money orders, cashiers' checks and foreign currency, direct deposit, debit cards, credit cards and other special services. Its lending activities include making commercial and consumer loans, primarily on a secured basis.
Old Second Bancorp, Inc. is a bank holding company, which engages in the provision of traditional retail and commercial banking services through its wholly owned subsidiaries. The company is headquartered in Aurora, Illinois and currently employs 891 full-time employees. The firm through its wholly-owned subsidiary bank, Old Second National Bank (the Bank), offers a range of financial services. The firm provides full-service banking business, which includes a range of deposit products, trust and wealth management services, and lending services, including demand, negotiable order of withdrawal, money market, savings, time deposit and individual retirement accounts; commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking; safe deposit operations. The company also provides additional services, which include acquisition of the United States Treasury notes and bonds, money orders, cashiers' checks and foreign currency, direct deposit, debit cards, credit cards and other special services. Its lending activities include making commercial and consumer loans, primarily on a secured basis.
Strong Profits: Old Second Bancorp reported fourth quarter net income of $28.8 million, or $0.54 per share, with return on assets at 1.64% and return on tangible common equity at 16.15%.
Margin Performance: Net interest margin remained robust at 5.09%, up 4 basis points from last quarter and 41 basis points year-over-year.
Expense Control: Noninterest expenses declined by $10.2 million linked quarter, with further cost savings expected in 2026.
Loan & Deposit Trends: Average loans increased but total loans declined slightly by $12.4 million; the loan-to-deposit ratio rose to 93.9%. Deposit runoff was concentrated in higher-cost, wholesale deposits as planned.
Powersports Portfolio: Charge-offs were elevated in the Powersports loan segment, but strong contribution margins and high yields are driving profitability.
Guidance & Outlook: Management expects loan growth in the mid-single digits for next year and net interest margin to remain at or above 5%. Share buybacks are likely to begin soon.
Capital & M&A: Capital levels remain strong, and while M&A discussions are ongoing, organic growth and Evergreen integration are the main priorities for now.
