Old Second Bancorp (OSBC)
NASDAQ:OSBC
Want to see OSBC full AI Analyst Report?
Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive underlying performance — strong margin (5.14% NIM), solid earnings power (GAAP and adjusted EPS, ROTCE 14.2%), disciplined expense control, tangible book value and capital flexibility with active buybacks — tempered by near‑term credit challenges. Asset quality softened during the quarter (notably $9.8M in charge‑offs, a ~50% valuation reduction on one office CRE property, and an uptick in nonperforming loans), leading to higher provisions. Management expects charge‑off pressure in powersports to moderate seasonally, targets low‑ to mid‑single‑digit loan growth for the year, anticipates NIM drifting toward ~5% later in the year, and plans continued share repurchases while keeping capital ample. Overall, the positives (margin, profitability, capital returns, expense control, and balance sheet flexibility) outweigh the credit‑related setbacks, which management views as largely idiosyncratic and manageable.Company Guidance
Strong GAAP and Adjusted Earnings
GAAP net income of $25.6M ($0.48 diluted EPS) and adjusted net income of $26.0M ($0.49 diluted EPS) for Q1 2026, supporting mid‑teen return on average tangible common equity (14.2%) and 1.51% return on assets.
Exceptional Net Interest Margin
Tax‑equivalent net interest margin of 5.14% in Q1 2026, up 5 bps sequentially and up 26 bps year‑over‑year, driven by strong margin management despite some loan yield compression.
Capital and Book Value Progress
Tangible book value per share rose to $14.35 from $14.12 QoQ; tangible equity ratio improved 5 bps QoQ to 11.07% and is 73 bps higher YoY; CET1 was 13.13% (up from 12.99% QoQ).
Disciplined Expense Management and Efficiency
Total noninterest expense declined $2.7M QoQ; tax‑equivalent adjusted efficiency ratio was 51.7% for the quarter (comparable to prior year adjusted level), and management expects modest expense growth (3%–4% for the year).
Active Capital Return via Buybacks
Repurchased 1.2M shares at an average price of $19.63 (~$23.1M), boosting EPS by roughly $0.01 for the quarter; management intends to remain active and may refile authorization when current program is used.
Revenue Resilience and Mortgage Income Support
Net interest income showed only a modest decline QoQ and increased $18M (+29%) YoY; noninterest income increased $476k QoQ and $2.4M YoY with mortgage banking benefiting from MSR mark‑to‑market volatility.
Balance Sheet Flexibility and Funding Improvements
Cost of deposits improved to 105 bps (from 115 bps QoQ and 83 bps year‑ago); loan‑to‑deposit ratio was 93.2% (vs. ~94% QoQ and 81.2% YoY); management reducing reliance on wholesale/brokered funding and repricing high‑cost deposits.
Powersports Business Profitability and Credit Actions
Powersports produced a net contribution margin after charge‑offs of 8.3%; originator FICO improved to 743 from 735 YoY, and management tightened underwriting modestly while maintaining profitable product mix.
OSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $21.14 | $19.78 | -6.41% |
Jan 21, 2026 | $21.32 | $21.11 | -0.98% |
Oct 22, 2025 | $17.76 | $17.67 | -0.50% |
Jul 23, 2025 | $18.40 | $18.34 | -0.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Old Second Bancorp (OSBC) report earnings?
Old Second Bancorp (OSBC) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Old Second Bancorp (OSBC) earnings time?
Old Second Bancorp (OSBC) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OSBC EPS forecast?
OSBC EPS forecast for the fiscal quarter 2026 (Q2) is 0.55.