Old Second Bancorp Inc (OQ:OSBC)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 37 S River St AURORA IL 60507 |
| Tel: | 1-630-9062303 |
| Website: | https://www.oldsecond.com |
| IR: | See website |
| Key People | ||
| James L. Eccher Chairman of the Board, President, Chief Executive Officer | Gary S. Collins Executive Vice Chairman of the Board | Bradley S. Adams Chief Financial Officer, Chief Operating Officer |
| Richard Gartelmann Executive Vice President - Wealth Management | Donald Pilmer Executive Vice President, Chief Lending Officer | |
| Business Overview |
| Old Second Bancorp, Inc. serves as the bank holding company for its wholly owned subsidiary bank, Old Second National Bank (the Bank). The Bank is a full-service banking business offering a range of deposit products, trust and wealth management services, lending services, and deposit services, including demand, NOW, money market, savings, time deposit and individual retirement accounts. It also offers commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking, and safe deposit operations. It provides variety of additional services to the needs of individual customers, such as the money orders, cashiers' checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. It also provides complement of electronic banking services such as online and mobile banking and corporate cash management products. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Old Second Bancorp Inc interest income increased 35% to $292M. Net interest income after loan loss provision increased 18% to $235.4M. Net income increased 36% to $91.7M. Net interest income after loan loss provision reflects Loans, including fees increase of 38% to $244.2M, Taxable increase of 20% to $37.9M, Dividends from FHLBC and FRBC stock increase from $936K to $1.9M. |
| Employees: | 834 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,082M as of Dec 31, 2023 |
| Annual revenue (TTM): | $291.97M as of Dec 31, 2023 |
| EBITDA (TTM): | $155.65M as of Dec 31, 2023 |
| Net annual income (TTM): | $91.73M as of Dec 31, 2023 |
| Free cash flow (TTM): | $95.08M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $461.09M as of Dec 31, 2023 |
| Shares outstanding: | 44,845,629 as of Mar 31, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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