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

Old Second Bancorp,

18/04/2024 04:37

* Old Second Bancorp Inc  OSBC.OQ  reported quarterly
adjusted
earnings of 47 cents​​ per share for the quarter ended in March,
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 47 cents per share. Wall Street
expected results to range from 44 cents to 49 cents per share.
    * Revenue fell 1.6% to $70.28 million from a year ago;
analysts
expected $69.80 million. 
    * Old Second Bancorp Inc's reported EPS for the quarter was
47
cents​.
    * The company reported quarterly net income of $21.31
million.
    * Old Second Bancorp Inc shares had fallen by 3.8% this
quarter and lost 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
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." 
    * Wall Street's median 12-month price target for Old Second
Bancorp Inc is $17.50 

This summary was machine generated from LSEG data April 18 at
03:36 a.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
 Mar. 31 2024      0.47           0.47           Met
 Dec. 31 2023      0.54           0.40           Missed
 Sep. 30 2023      0.53           0.54           Beat
 Jun. 30 2023      0.53           0.56           Beat