Old Second Bancorp Q1 adjusted net income misses estimates

Old Second Bancorp,

22/04/2026 21:20

Overview

US regional bank's Q1 adjusted net income missed analyst expectations

Net income declined from prior quarter, affected by higher credit loss provisions

Company repurchased $23.1 mln of its stock during the quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

CREDIT LOSSES - Higher provision for credit losses driven by powersport charge-offs and two large commercial relationships, per company

OPERATING EFFICIENCY - Lower noninterest expense due to declines in salaries and data processing costs after prior quarter acquisition-related expenses

NET INTEREST MARGIN - Net interest margin improved as lower deposit and funding costs outweighed softer loan yields

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
Miss
$26 mln
$27.31 mln (5 Analysts)
Q1 Net Income
$25.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $23.00, about 7.6% above its April 21 closing price of $21.37

The stock recently traded at 10 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 reuters.support@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.)