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Earnings analysis · 10-Q

OSBC earnings analysis

Filed May 7, 2026 · Our reading of the company's report

The latest report

Old Second Bancorp, Inc. saw strong Q1 2026 revenue growth, driven mainly by the acquisition of Bancorp Financial, despite a slight decrease in diluted EPS compared to the previous quarter. The net income rose to $25.6…

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Old Second Bancorp, Inc. saw strong Q1 2026 revenue growth, driven mainly by the acquisition of Bancorp Financial, despite a slight decrease in diluted EPS compared to the previous quarter. The net income rose to $25.6 million, reflecting both increased net interest and noninterest income, although impacted by higher provisions for credit losses and noninterest expenses.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.49

What stood out

  • Strong Revenue Growth

    Q1 2026 revenue reached $93.8 million, a 25.0% increase compared to $75.1 million in Q1 2025.

  • Investments Pay Off

    Net interest income rose to $81.1 million, up 29% from $62.9 million a year prior, aided by the Bancorp Financial acquisition.

  • Rising Noninterest Income

    Noninterest income increased to $12.6 million, a 23.8% growth year-over-year compared to $10.2 million.

  • EPS Improvements

    Diluted EPS for Q1 2026 was $0.48, up from $0.43 in Q1 2025, but down from $0.54 in Q4 2025.

  • Cash Position Improvement

    Cash and equivalents were $115.7 million, despite a decrease from $124.0 million at year-end 2025.

  • Controllable Costs Managed

    Noninterest expenses totaled $50.2 million, a 12.8% increase compared to the prior year, although down 5.1% from the last quarter.

What to watch

  • Credit Losses Increase

    Provision for credit losses rose to $9.5 million, up $7.1 million from Q1 2025, reflecting deteriorating loan quality.

  • Loan Portfolio Decline

    Total loans decreased by $66.9 million from December 31, 2025, indicating potential asset quality issues.

  • Increase in Nonperforming Loans

    Nonperforming loans rose to $75.5 million at March 31, 2026, a 42.9% increase from $52.8 million at December 31, 2025.

Management's outlook

Management expects continued challenges in managing credit losses but remains optimistic about growth driven by the Bancorp Financial acquisition.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.