Old Second Bancorp, Inc. (OSBC)

Old Second Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	252.19	244.28	176.51	90.78	91.23	97.85
Interest Income on Investments	44.13	47.69	39.96	14.39	12.99	17.74
Total Interest Income	296.32	291.97	216.47	105.17	104.22	115.59
Interest Paid on Deposits	33.9	15.4	3.35	2.47	6.6	9.7
Interest Paid on Borrowings	21.13	24.64	6.97	5.98	5.86	9.14
Total Interest Expense	55.04	40.04	10.32	8.45	12.46	18.84
Net Interest Income	241.29	251.93	206.16	96.72	91.75	96.76
Net Interest Income Growth (YoY)	-5.30%	22.20%	113.16%	5.41%	-5.18%	6.40%
Trust Income	10.73	9.8	9.89	9.41	7.91	8.05
Mortgage Banking Activities	0.26	0.26	0.33	1.04	1.65	0.77
Gain (Loss) on Sale of Investments	-0	-4.15	-0.94	0.23	-0.03	4.51
Other Non-Interest Income	17.3	16.97	22.26	13.87	6.87	8.77
Total Non-Interest Income	40.03	34.18	43.12	39.26	37.43	34.93
Non-Interest Income Growth (YoY)	16.39%	-20.73%	9.82%	4.89%	7.16%	15.17%
Revenues Before Loan Losses	281.32	286.11	249.27	135.98	129.18	131.69
Provision for Loan Losses	17.25	16.5	6.55	4.33	10.41	1.6
Revenue	264.07	269.61	242.72	131.65	118.77	130.09
Revenue Growth (YoY)	-5.41%	11.08%	84.37%	10.85%	-8.70%	8.37%
Salaries and Employee Benefits	89.84	84.96	83.61	56.26	47.46	44.35
Occupancy Expenses	12.58	11.49	12.7	8.18	7.28	7.13
Federal Deposit Insurance	2.5	2.71	2.4	0.98	0.6	0.18
Amortization of Goodwill & Intangibles	2.33	2.46	2.63	0.64	0.49	0.54
Selling, General & Administrative	20.44	17.89	24.94	17.38	10.27	11.45
Other Non-Interest Expense	24.36	25.29	24.77	16.39	14.67	15.03
Total Non-Interest Expense	152.45	145.2	151.17	99.97	81.42	79.1
EBT Excluding Unusual Items	111.62	124.41	91.55	31.68	37.35	50.99
Pretax Income	112.52	124.41	91.55	27.87	37.41	51.86
Income Tax Expense	28.14	32.68	24.14	7.82	9.58	12.4
Net Income	84.38	91.73	67.41	20.04	27.83	39.46
Net Income to Common	84.38	91.73	67.41	20.04	27.83	39.46
Net Income Growth	-13.12%	36.09%	236.29%	-27.96%	-29.48%	16.00%
Basic Shares Outstanding	45	45	45	30	30	30
Diluted Shares Outstanding	46	45	45	31	30	30
Shares Change (YoY)	0.49%	0.40%	47.09%	1.87%	-0.80%	0.35%
EPS (Basic)	1.88	2.05	1.51	0.66	0.94	1.32
EPS (Diluted)	1.85	2.02	1.49	0.65	0.92	1.30
EPS Growth	-13.53%	35.57%	129.23%	-29.35%	-29.23%	16.07%
Dividend Per Share	0.200	0.200	0.200	0.160	0.040	0.040
Dividend Growth	0%	0%	25.00%	300.00%	0%	0%
Effective Tax Rate	25.01%	26.27%	26.37%	28.07%	25.62%	23.92%

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