Old Second Bancorp's Q3 profit beats estimates

Old Second Bancorp,

22/10/2025 21:23

Overview

Old Second Q3 adjusted net income beats expectations, driven by acquisition-related gains

Net income for Q3 declines due to increased interest and noninterest expenses

Company's acquisition of Bancorp Financial significantly impacts Q3 financial results

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

ACQUISITION IMPACT - Acquisition of Bancorp Financial led to increased interest and dividend income, but also higher interest and noninterest expenses

CREDIT LOSSES - Increase in provision for credit losses due to acquisition-related day two valuations and loan growth

NONINTEREST EXPENSES - Significant rise in noninterest expenses due to acquisition-related costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Net Income
Beat
$28.40 mln
$17.44 mln (5 Analysts)
Q3 Net Income
$9.87 mln
Q3 Net Interest Income
$82.77 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Old Second Bancorp Inc is $22.00, about 17.8% above its October 21 closing price of $18.08

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)