Old Second Bancorp, Inc. (OSBC) 10-Year Financial Performance & Capital Metrics

OSBC • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutOld Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts, as well as certificate of deposit accounts. The company also offers commercial loans; lease financing receivables; commercial real estate loans; construction loans; residential real estate loans, such as residential first mortgage and second mortgage loans; home equity line of credit; consumer loans, including motor vehicle, home improvement, and signature loans; installment and agricultural loans; residential mortgages; and overdraft checking. Further, it provides safe deposit services; trust and wealth management services; and money orders, cashier's checks, foreign currency, direct deposits, discount brokerage, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. In addition, the company offers 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. It operates through 63 banking centers in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. Old Second Bancorp, Inc. was incorporated in 1981 and is headquartered in Aurora, Illinois.Show more

Net Interest Income $239M -4.3%
Total Revenue $336M +4.7%
Net Income $85M -7.0%
Return on Equity 13.66% -22.7%
Net Interest Margin 4.24% -3.0%
Efficiency Ratio 45.87% +5.1%
ROA 1.5% -5.1%
Equity / Assets 11.88% +17.8%
Book Value per Share 14.70 +15.6%
Tangible BV/Share 11.95 +15.6%
Debt/Equity 0.21 -76.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.7%
✓Strong NIM of 4.2%
✓Efficient operations: 45.9% efficiency ratio
✓Well capitalized: 11.9% equity/assets
✓Good 3Y average ROE of 15.1%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.38%

5Y17.6%

3Y33.31%

TTM-

Profit (Net Income) CAGR

10Y23.73%

5Y16.66%

3Y62.03%

TTM-16.29%

EPS CAGR

10Y15.06%

5Y7.54%

3Y42.23%

TTM-18.38%

ROCE

10Y Avg11.49%

5Y Avg12%

3Y Avg15.42%

Latest14.63%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	58.78M	63.11M	74.51M	90.47M	96.16M	91.27M	96.26M	205.22M	250.01M	239.36M
NII Growth %	0.04%	0.07%	0.18%	0.21%	0.06%	-0.05%	0.05%	1.13%	0.22%	-0.04%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	67.86M	73.05M	87.14M	107.15M	114.99M	103.73M	104.71M	215.54M	290.05M	295.63M
Interest Expense	9.08M	9.94M	12.63M	16.68M	18.84M	12.46M	8.45M	10.32M	40.04M	56.27M
Loan Loss Provision	-4.4M	750K	1.8M	1.23M	1.6M	10.41M	4.33M	6.55M	16.5M	12.75M
Non-Interest Income+	29.2M	27.45M	29.4M	29.84M	34.45M	35.78M	37.18M	39.7M	30.98M	40.54M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	97.06M	100.5M	116.54M	136.99M	149.44M	139.51M	141.89M	255.24M	321.03M	336.17M
Revenue Growth %	0.01%	0.04%	0.16%	0.18%	0.09%	-0.07%	0.02%	0.8%	0.26%	0.05%
Non-Interest Expense	68.03M	65.31M	67.81M	75.14M	77.15M	79.22M	101.24M	146.82M	140.08M	154.19M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	24.36M	24.5M	34.3M	43.94M	51.86M	37.41M	27.87M	91.55M	124.41M	112.96M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.53%	0.01%	0.4%	0.28%	0.18%	-0.28%	-0.26%	2.29%	0.36%	-0.09%
Pretax Income+	24.36M	24.5M	34.3M	43.94M	51.86M	37.41M	27.87M	91.55M	124.41M	112.96M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	8.98M	8.82M	19.16M	9.92M	12.4M	9.58M	7.82M	24.14M	32.68M	27.69M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	15.38M	15.68M	15.14M	34.01M	39.45M	27.82M	20.04M	67.41M	91.73M	85.26M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.52%	0.02%	-0.03%	1.25%	0.16%	-0.29%	-0.28%	2.36%	0.36%	-0.07%
Net Income (Continuing)	15.38M	15.68M	15.14M	34.01M	39.45M	27.82M	20.04M	67.41M	91.73M	85.26M
EPS (Diluted)+	0.46	0.53	0.50	1.12	1.30	0.92	0.65	1.49	2.02	1.87
EPS Growth %	0%	0.15%	-0.06%	1.24%	0.16%	-0.29%	-0.29%	1.29%	0.36%	-0.07%
EPS (Basic)	0.46	0.53	0.51	1.14	1.32	0.94	0.66	1.51	2.05	1.90
Diluted Shares Outstanding	29.73M	29.84M	30.04M	30.31M	30.42M	30.17M	30.74M	45.21M	45.4M	45.64M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	40.34M	47.33M	55.83M	55.23M	50.63M	329.9M	752.11M	115.18M	100.14M	99.33M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.82B	1.94B	2.08B	2.34B	2.28B	2.37B	4.9B	5.09B	4.8B	4.61B
Investments Growth %	0.02%	0.07%	0.07%	0.13%	-0.03%	0.04%	1.07%	0.04%	-0.06%	-0.04%
Long-Term Investments	1.37B	1.41B	1.54B	1.8B	1.79B	1.88B	3.21B	3.55B	3.6B	3.45B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	9.02M	8.92M	21.81M	21.27M	18.6M	86.33M	86.48M	86.48M	93.26M
Intangible Assets	5.85M	6.49M	6.94M	7.36M	5.93M	6.4M	23.4M	24.87M	21.56M	32.41M
PP&E (Net)	39.61M	38.98M	37.63M	42.44M	44.35M	45.48M	88M	72.36M	79.31M	87.31M
Other Assets	102.53M	96.5M	103.08M	105.63M	103.16M	122.55M	181.35M	184.71M	211.39M	209.48M
Total Current Assets	496.4M	634.62M	665.6M	675.29M	655.03M	963.79M	2.62B	1.93B	1.69B	1.75B
Total Non-Current Assets	1.58B	1.62B	1.72B	2B	1.98B	2.08B	3.59B	3.96B	4.03B	3.9B
Total Assets+	2.08B	2.25B	2.38B	2.68B	2.64B	3.04B	6.21B	5.89B	5.72B	5.65B
Asset Growth %	0.01%	0.08%	0.06%	0.12%	-0.02%	0.15%	1.04%	-0.05%	-0.03%	-0.01%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.02%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	152.11M	197.3M	246.62M	313.36M	205.87M	160.52M	198.88M	260.81M	516.63M	141.9M
Net Debt	111.78M	149.97M	190.78M	258.12M	155.24M	-169.38M	-553.23M	145.63M	416.48M	42.57M
Long-Term Debt	103.04M	101.59M	101.7M	117.22M	108.68M	93.54M	148.54M	138.66M	85.16M	85.24M
Short-Term Debt	49.07M	95.72M	144.92M	196.13M	97.19M	66.98M	50.34M	122.16M	431.47M	56.66M
Other Liabilities	9.9M	11.89M	13.54M	16.89M	25.06M	36.16M	45.05M	55.64M	58.15M	67.72M
Total Current Liabilities	1.81B	1.96B	2.07B	2.31B	2.22B	2.6B	5.52B	5.23B	5B	4.83B
Total Non-Current Liabilities	112.94M	113.48M	115.24M	134.12M	133.74M	129.7M	193.59M	194.3M	143.3M	152.96M
Total Liabilities	1.92B	2.08B	2.18B	2.45B	2.36B	2.73B	5.71B	5.43B	5.15B	4.98B
Total Equity+	155.93M	175.21M	200.35M	229.08M	277.86M	307.09M	502.03M	461.14M	577.28M	671.03M
Equity Growth %	-0.2%	0.12%	0.14%	0.14%	0.21%	0.11%	0.63%	-0.08%	0.25%	0.16%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.09%	0.08%	0.16%	0.16%	0.1%	0.05%	0.14%	0.18%	0.14%
Book Value per Share	5.24	5.87	6.67	7.56	9.14	10.18	16.33	10.20	12.72	14.70
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	34.43M	34.53M	34.63M	34.72M	34.85M	34.96M	44.7M	44.7M	44.7M	44.91M
Additional Paid-in Capital	115.92M	116.65M	117.74M	119.08M	120.66M	122.21M	202.44M	202.28M	202.22M	205.28M
Retained Earnings	114.21M	129M	142.96M	175.46M	213.72M	236.58M	252.01M	310.51M	393.31M	469.17M
Accumulated OCI	-12.66M	-8.76M	1.48M	-4.08M	4.56M	14.76M	8.77M	-93.12M	-62.78M	-47.75M
Treasury Stock	-95.97M	-96.22M	-96.46M	-96.1M	-95.93M	-101.42M	-5.9M	-3.23M	-177K	-575K
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	21.14M	27.25M	37.1M	54.91M	52.64M	25.99M	31.05M	97.34M	116.4M	131.53M
Operating CF Growth %	4.35%	0.29%	0.36%	0.48%	-0.04%	-0.51%	0.19%	2.14%	0.2%	0.13%
Net Income	15.38M	15.68M	15.14M	34.01M	39.45M	27.82M	20.04M	67.41M	91.73M	85.26M
Depreciation & Amortization	2.39M	2.3M	2.4M	2.81M	3M	3.29M	3.8M	6.88M	7.7M	9.16M
Deferred Taxes	8.76M	8.42M	21.57M	9.84M	6.44M	-646K	6.48M	969K	1.86M	-1.37M
Other Non-Cash Items	2.06M	298K	3.67M	2.69M	585K	4.65M	14.18M	2.49M	18.63M	14.57M
Working Capital Changes	-8.06M	-109K	-6.86M	3.3M	644K	-11.22M	-14.89M	16.61M	-7.12M	19.99M
Cash from Investing+	-32.2M	-123.07M	-132.49M	-25.84M	42.21M	-103.81M	132.92M	-432.78M	161.56M	322.7M
Purchase of Investments	-196.08M	-210.68M	-343.47M	-75.04M	-159.54M	-65.23M	-886.1M	-301.65M	-13.41M	-265.5M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-181.36M	0	-35.71M	0	0	149M	-146K	0	237.44M
Other Investing	35.48M	-117.13M	-137.81M	-48.49M	-26.92M	-100.72M	127.34M	-437.48M	-204.44M	52.05M
Cash from Financing+	7.2M	102.81M	103.88M	-29.66M	-99.45M	357.09M	258.24M	-301.5M	-292.99M	-455.05M
Dividends Paid	-2.42M	-888K	-1.18M	-1.19M	-1.2M	-1.19M	-4.61M	-8.88M	-8.95M	-9.41M
Share Repurchases	-47.45M	-254K	-236K	-505K	-666K	-5.92M	-10.42M	-455K	-605K	-1.05M
Stock Issued	540K	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K
Other Financing	87.06M	50.46M	60.3M	-43.53M	12.21M	428.61M	218.44M	-372.11M	-544.44M	-59.59M
Net Change in Cash+	-3.86M	7M	8.5M	-598K	-4.6M	279.27M	422.2M	-636.93M	-15.03M	-816K
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	44.2M	40.34M	47.33M	55.83M	55.23M	50.63M	329.9M	752.11M	115.18M	100.14M
Cash at End	40.34M	47.33M	55.83M	55.23M	50.63M	329.9M	752.11M	115.18M	100.14M	99.33M
Interest Paid	9.1M	9.61M	12.51M	15.97M	18.76M	12.35M	8.12M	10.2M	38.45M	55.27M
Income Taxes Paid	118K	211K	430K	20K	4.42M	7.92M	10.59M	11.23M	35.67M	23.03M
Free Cash Flow+	19.86M	25.27M	36.05M	53.01M	48.26M	22.07M	29.01M	93.01M	104.03M	120.75M
FCF Growth %	3.68%	0.27%	0.43%	0.47%	-0.09%	-0.54%	0.31%	2.21%	0.12%	0.16%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.79%	9.47%	8.06%	15.84%	15.57%	9.51%	4.95%	14%	17.67%	13.66%
Return on Assets (ROA)	0.74%	0.72%	0.65%	1.34%	1.49%	0.98%	0.43%	1.11%	1.58%	1.5%
Net Interest Margin	2.83%	2.8%	3.13%	3.38%	3.65%	3%	1.55%	3.49%	4.37%	4.24%
Efficiency Ratio	70.08%	64.98%	58.19%	54.85%	51.62%	56.79%	71.36%	57.52%	43.63%	45.87%
Equity / Assets	7.5%	7.78%	8.41%	8.56%	10.54%	10.1%	8.08%	7.83%	10.09%	11.88%
Book Value / Share	5.24	5.87	6.67	7.56	9.14	10.18	16.33	10.2	12.72	14.7
NII Growth	3.58%	7.36%	18.07%	21.42%	6.29%	-5.09%	5.47%	113.2%	21.83%	-4.26%
Dividend Payout	-	5.66%	7.82%	3.5%	3.03%	4.26%	23.01%	13.17%	9.75%	11.04%

Frequently Asked Questions

Valuation & Price

Old Second Bancorp, Inc. (OSBC) has a price-to-earnings (P/E) ratio of 11.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Old Second Bancorp, Inc. (OSBC) grew revenue by 4.7% over the past year. Growth has been modest.

Yes, Old Second Bancorp, Inc. (OSBC) is profitable, generating $70.6M in net income for fiscal year 2024 (25.4% net margin).

Dividend & Returns

Yes, Old Second Bancorp, Inc. (OSBC) pays a dividend with a yield of 0.98%. This makes it attractive for income-focused investors.

Old Second Bancorp, Inc. (OSBC) has a return on equity (ROE) of 13.7%. This is reasonable for most industries.

Industry Metrics

Old Second Bancorp, Inc. (OSBC) has a net interest margin (NIM) of 4.2%. This indicates healthy earnings from lending activities.

Old Second Bancorp, Inc. (OSBC) has an efficiency ratio of 45.9%. This is excellent, indicating strong cost control.

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