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

Old Second Bancorp,

17/07/2024 22:02

* Old Second Bancorp Inc  OSBC.OQ  reported quarterly
adjusted
earnings of 48 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 56 cents.  The mean expectation of six analysts for the
quarter was for earnings of 47 cents per share. Wall Street
expected results to range from 45 cents to 49 cents per share.
    * Revenue fell 1.4% to $70.82 million from a year ago;
analysts
expected $69.81 million. 
    * Old Second Bancorp Inc's reported EPS for the quarter was
48
cents​.
    * The company reported quarterly net income of $21.89
million.
    * Old Second Bancorp Inc shares had risen by 12.2% this
quarter and gained 7.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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
"strong buy"
and the breakdown of recommendations is 6 "strong buy" or
"buy," no "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 $17.50 
This summary was machine generated from LSEG data July 17 at
09:01 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
 Jun. 30 2024      0.47           0.48           Beat
 Mar. 31 2024      0.47           0.47           Met
 Dec. 31 2023      0.54           0.40           Missed
 Sep. 30 2023      0.53           0.54           Beat