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Old Second Bancorp, Inc. Reports Fourth Quarter 2024 Net Income of $19.1 Million, or $0.42 per Diluted Share

1. OSBC's Q4 2024 net income decreased to $19.1 million from $23.0 million in Q3. 2. Earnings per share dropped to $0.42, highlighting a quarterly decline.

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FAQ

Why Bearish?

The decrease in net income and EPS may negatively affect investor sentiment, similar to past earnings misses that led to price declines.

How important is it?

The earnings report directly impacts investor projections for OSBC's profitability and future performance.

Why Short Term?

The market typically reacts swiftly to quarterly earnings reports, which could see immediate effects on OSBC's share price.

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OSBC
AURORA, IL / ACCESS Newswire / January 22, 2025 / Old Second Bancorp, Inc. (the "Company," "Old Second," "we," "us," and "our") (NASDAQ:OSBC), the parent company of Old Second National Bank (the "Bank"), today announced financial results for the fourth quarter of 2024. Our net income was $19.1 million, or $0.42 per diluted share, for the fourth quarter of 2024, compared to net income of $23.0 million, or $0.50 per diluted share, for the third quarter of 2024, and net income of $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023.

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