Old Second Bancorp Q2 adjusted net income slightly misses estimates

Old Second Bancorp

22/07/2026 21:24

    

    Overview
  
US regional bank's Q2 adjusted net income slightly missed analyst expectations
Net income rose quarter-over-quarter to $28.2 mln
Company repurchased 732,000 shares during the quarter

    

    Outlook
  
Company says it is well-positioned to deliver better results in the last half of 2026

    

    Result Drivers
  
NET INTEREST INCOME - Higher loan balances and improved yields drove an increase in net interest and dividend income
CREDIT QUALITY - Provision for credit losses declined, though charge-offs were elevated due to two specific commercial relationships
NONINTEREST INCOME - Growth in wealth management and card-related fees contributed to higher noninterest income

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Adjusted Net Income
Slight Miss*
$28.70 mln
$28.88 mln (5 Analysts)
Q2 Net Income
 
$28.20 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

    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 $25.00, about 5.6% above its July 21 closing price of $23.68
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 21 - Mercantile Bank's Q2 adjusted EPS beats estimates, revenue slightly misses 
July 21 - National Bank Holdings Q2 adjusted net income beats estimates on higher earning assets
July 21 - KeyCorp quarterly profit rises on interest income strength

    
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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.)