Old Second Bancorp, Inc. (OSBC)

Old Second Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	253.41	244.28	176.51	90.78	91.23
Interest Income on Investments	44.49	47.69	39.96	14.39	12.99
Total Interest Income	297.9	291.97	216.47	105.17	104.22
Interest Paid on Deposits	38.01	15.4	3.35	2.47	6.6
Interest Paid on Borrowings	18.26	24.64	6.97	5.98	5.86
Total Interest Expense	56.27	40.04	10.32	8.45	12.46
Net Interest Income	241.64	251.93	206.16	96.72	91.75
Net Interest Income Growth (YoY)	-4.09%	22.20%	113.16%	5.41%	-5.18%
Trust Income	11.43	9.8	9.89	9.41	7.91
Mortgage Banking Activities	0.29	0.26	0.33	1.04	1.65
Gain (Loss) on Sale of Investments	-	-4.15	-0.94	0.23	-0.03
Other Non-Interest Income	20.08	16.97	22.26	13.87	6.87
Total Non-Interest Income	43.82	34.18	43.12	39.26	37.43
Non-Interest Income Growth (YoY)	28.20%	-20.73%	9.82%	4.89%	7.16%
Revenues Before Loan Losses	285.45	286.11	249.27	135.98	129.18
Provision for Loan Losses	12.75	16.5	6.55	4.33	10.41
Revenue	272.7	269.61	242.72	131.65	118.77
Revenue Growth (YoY)	1.15%	11.08%	84.37%	10.85%	-8.70%
Salaries and Employee Benefits	98.03	84.96	83.61	56.26	47.46
Occupancy Expenses	16.16	11.49	12.7	8.18	7.28
Federal Deposit Insurance	2.54	2.71	2.4	0.98	0.6
Amortization of Goodwill & Intangibles	2.44	2.46	2.63	0.64	0.49
Selling, General & Administrative	14.54	17.89	24.94	17.38	10.27
Other Non-Interest Expense	23.82	25.29	24.77	16.39	14.67
Total Non-Interest Expense	159.75	145.2	151.17	99.97	81.42
EBT Excluding Unusual Items	112.96	124.41	91.55	31.68	37.35
Pretax Income	112.96	124.41	91.55	27.87	37.41
Income Tax Expense	27.69	32.68	24.14	7.82	9.58
Net Income	85.26	91.73	67.41	20.04	27.83
Net Income to Common	85.26	91.73	67.41	20.04	27.83
Net Income Growth	-7.05%	36.09%	236.29%	-27.96%	-29.48%
Basic Shares Outstanding	45	45	45	30	30
Diluted Shares Outstanding	46	45	45	31	30
Shares Change (YoY)	0.54%	0.40%	47.09%	1.87%	-0.80%
EPS (Basic)	1.90	2.05	1.51	0.66	0.94
EPS (Diluted)	1.87	2.02	1.49	0.65	0.92
EPS Growth	-7.43%	35.57%	129.23%	-29.35%	-29.23%
Dividend Per Share	0.210	0.200	0.200	0.160	0.040
Dividend Growth	5.00%	0%	25.00%	300.00%	0%
Effective Tax Rate	24.52%	26.27%	26.37%	28.07%	25.62%

Source: S&P Capital IQ. Banks template. Financial Sources.