Old Second Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 19, 2023 at 04:30 pm EDT
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Old Second Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 63.58 million compared to USD 45.26 million a year ago. Net income was USD 25.56 million compared to USD 12.25 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.27 a year ago.
For the six months, net interest income was USD 127.67 million compared to USD 86.5 million a year ago. Net income was USD 49.17 million compared to USD 24.27 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 1.08 compared to USD 0.54 a year ago.
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, cashiersâ 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.
OLD SECOND BANCORP, INC. 
