Old Second Bancorp Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered board elections, executive compensation, and auditor ratification, all of which passed. Financial results highlighted strong profitability, asset growth, and efficiency. Stockholders had the opportunity to ask questions, with follow-ups promised online.
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Q1 2026 delivered strong net interest margin and earnings, despite elevated charge-offs in Powersports and select commercial credits. Capital and efficiency ratios improved, with loan growth and margin stability expected for the remainder of the year.
Fiscal Year 2025
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Q4 2025 saw strong profitability, with adjusted net income of $30.8M and a 5.09% NIM. Loan growth is targeted in the mid-single digits for 2026, with stable margins and modest expense growth expected. Powersports charge-offs remain elevated but margins are robust.
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Q3 2025 results were driven by the Evergreen acquisition, with adjusted net income of $28.4M and a 5.05% NIM. Wealth management and PowerSport portfolios outperformed, while credit reserves and loan-to-deposit ratios rose. Dividend increased 17%.
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Q2 2025 saw strong profitability with $21.8M net income, robust loan growth, and improved capital ratios. Evergreen Bank's integration is ahead of expectations, with cost savings on track and margin outlook stable to positive. Management remains optimistic for 2025.
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Q1 2025 saw strong profitability with net income of $19.8M and improved margins, despite one-time charges and a cautious lending environment. Credit quality and capital ratios improved, while deposit growth and the pending Evergreen merger position the company well for the year.
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The merger creates a more diversified and profitable lending franchise, with $197 million in consideration and $12 million in expected cost savings by early 2026. The deal is projected to be 16% EPS accretive, enhances market positioning, and maintains strong capital flexibility.
Fiscal Year 2024
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Q4 2024 net income was $19.1M, with strong profitability despite credit and merger-related charges. NIM rose to 4.68%, capital ratios improved, and credit quality strengthened. 2025 guidance targets stable margins, 4–5% expense growth, and mid-single-digit loan growth.
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Q3 2024 saw strong profitability, stable margins, and improved credit quality, with net income of $23M and a 20% dividend increase. Loan growth was modest, and margin pressure is expected to be mitigated by a branch acquisition. Capital remains robust, supporting both M&A and buybacks.
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Q2 2024 saw stable margins, strong capital build, and improved asset quality, with net income of $21.9 million and a 4.63% NIM. Loan growth is expected to accelerate in the second half, while credit trends and expense discipline remain favorable.