Old Second Bancorp Q1 net income declines q-o-q

Old Second Bancorp,

22/04/2026 21:45

Overview

U.S. regional bank's Q1 net income and adjusted EPS declined from prior quarter

Net interest income and total loans fell, while noninterest income rose slightly

Company repurchased $23.1 mln in shares in Q1 and paid down $30 mln in subordinated debt

Outlook

Company did not provide specific financial guidance for the current qtr or full yr in press release

Result Drivers

NET INTEREST INCOME DECLINE - Net interest income fell q-o-q due to lower average loan balances and a slight decline in loan yields, partly offset by lower funding costs

NONINTEREST EXPENSES LOWER - Noninterest expense decreased due to lower salaries, officer incentive accruals, and reduced acquisition-related costs

Company press release: ID:nACSJWh4pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
$81.1 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

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(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.)