Old Second Bancorp Inc reports results for the quarter ended in December - Earnings Summary

Old Second Bancorp,

24/01/2024 22:02

* Old Second Bancorp Inc  OSBC.OQ  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 52 cents.  The mean expectation of
six analysts for the quarter was for earnings of 54 cents per
share. Wall Street expected results to range from 51 cents to 56
cents per share.
    * Revenue fell 4.2% to $69.96 million from a year ago;
analysts
expected $72.97 million. 
    * Old Second Bancorp Inc's reported EPS for the quarter was
40
cents​.
    * The company reported quarterly net income of $18.23
million.
    * Old Second Bancorp Inc shares had fallen by 0.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Old Second
Bancorp Inc is $19.00 

This summary was machine generated from LSEG data January 24 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.54           0.40           Missed
 Sep. 30 2023      0.53           0.54           Beat
 Jun. 30 2023      0.53           0.56           Beat
 Mar. 31 2023      0.54           0.52           Missed