Old Second Bancorp, Inc. (OSBC) serves as the parent holding company for Old Second National Bank, providing a full range of community banking services. The institution offers a broad spectrum of deposit products, including demand, NOW, money market, savings, time, and individual retirement accounts, alongside certificates of deposit. Its diverse lending portfolio encompasses commercial loans, lease financing, construction loans, and commercial real estate loans. For residential clients, offerings include first and second mortgages, home equity lines of credit, and general residential real estate loans. Consumer lending options cover needs such as motor vehicle, home improvement, and signature loans, further complemented by installment and agricultural loans, and overdraft checking services. Beyond deposits and loans, Old Second provides vital financial services like safe deposit boxes, trust and wealth management, money orders, cashier's checks, foreign currency exchange, direct deposits, discount brokerage, and debit and credit cards. The company also assists with acquiring U.S. treasury notes and bonds. Embracing digital convenience, Old Second Bancorp offers online and mobile banking platforms. Corporate clients benefit from an extensive suite of cash management solutions, featuring remote and mobile deposit capture, investment sweep accounts, zero balance accounts, automated tax payments, ATM access, telephone banking, lockbox services, automated clearing house (ACH) transactions, account reconciliation, controlled disbursements, detailed and general information reporting, foreign and domestic wire transfers, and vault services for currency and coin. Furthermore, it delivers investment, agency, and custodial services to individual, corporate, and not-for-profit clients. Established in 1981 and headquartered in Aurora, Illinois, Old Second Bancorp, Inc. serves its customers through 63 banking centers located across Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties within Illinois.
Q3 earnings miss and higher charge-offs weigh on sentiment, partially offset by improving credit trends, a 14% dividend increase, and a new Ducati USA lending partnership.
OSBC reported Q3 2026 EPS of $0.55-$0.56 versus consensus of $0.58 and revenue of ~$97.1-97.4M versus ~$98.2M expected. The miss, driven partly by elevated charge-offs in a single commercial relationship, is likely to pressure the stock near term despite improving credit metrics.
Investing.comOn October 20, 2026, the Board declared a cash dividend of $0.08 per share payable November 9, 2026 to holders of record October 30, 2026, representing a 14% increase. The raise signals management confidence in capital strength and may provide modest support to sentiment.
SEC Filing (8-K)OSBC announced a multi-year endorsed lending agreement with Ducati USA, already generating application flow and expected to meaningfully boost powersports originations, especially in 2027. The partnership offers a growth catalyst that could offset near-term credit concerns.
Yahoo FinanceGary Collins, Vice Chairman, notified the company on October 14, 2026 of his retirement effective October 31, 2026, resigning from both boards, with a separation agreement of ~$211,150 plus equity vesting. The departure is stated as not due to any disagreement; impact is likely limited but adds minor management-transition uncertainty.
SEC Filing (8-K)