OSBC to acquire five Illinois branches for $23 million. Deal includes $304 million in deposits, $12 million in loans. Acquisition strengthens OSBC's position in the Chicagoland market. Expected completion by 2024 pending regulatory approvals. Previous acquisitions support OSBC's growth strategy in Illinois.
- Old Second Bancorp reported earnings of $0.47/share, missing estimates by $0.01/share. - Company's revenues were $70.28 million, beating estimates by 1.13%. - Stock has lost 13.8% YTD, underperforming the S&P 500. - COVID-19 impact on banking industry may influence stock performance. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings