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

Old Second Bancorp,

19/07/2023 23:40

* Old Second Bancorp Inc  OSBC.OQ  reported quarterly
adjusted
earnings of 56 cents​​ per share for the quarter ended in June.
The mean expectation of six analysts for the quarter was
for earnings of 53 cents per share.
    * Revenue rose 31.8% to $71.80 million from a year ago;
analysts
expected $74.08 million. 
    * Old Second Bancorp Inc's reported EPS for the quarter was
56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Old Second Bancorp Inc shares had risen by 10.6% this
quarter and lost 9.9% so far this year.
    * The company reported quarterly net income of $25.56
million.
    * Wall Street's median 12-month price target for Old Second
Bancorp Inc is $17.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
19 at 10:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.53           0.56           Beat
 Mar. 31 2023      0.54           0.52           Missed
 Dec. 31 2022      0.51           0.52           Beat
 Sep. 30 2022      0.40           0.43           Beat