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Old Second Bancorp (OSBC)
NASDAQ:OSBC
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.45Last Year’s EPS
0.47Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 0.80%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a generally strong financial performance with stable net interest margins and significant improvements in loan quality and profitability metrics. However, challenges such as credit loss provisions, loan contractions, and significant charge-offs present notable concerns.Company Guidance
During the Old Second Bancorp, Inc. Fourth Quarter 2024 Earnings Call, the company provided detailed guidance and metrics reflecting their financial performance and strategic outlook. Net income for Q4 2024 was reported at $19.1 million, equating to $0.42 per diluted share, with a return on assets of 1.34%. The return on average tangible common equity was 13.79%, and the tax equivalent efficiency ratio stood at 54.61%. The tangible equity ratio increased by 151 basis points over the year, ending at 10.04%. The bank's Common Equity Tier 1 capital ratio was 12.82%. Despite a $3.5 million provision for credit losses and $1.7 million in OREO write-downs, management expressed confidence in their profitability and balance sheet position. The loan-to-deposit ratio was 84% as of December 31, 2024. The tax equivalent net interest margin slightly increased to 4.68%, driven by high interest rates on variable securities and loans. The bank recorded an $8.6 million charge-off on a C&I loan, but substandard and criticized loans decreased by 31% from the previous quarter. For 2025, Old Second Bancorp aims for mid-single-digit loan growth, maintaining stable margins with potential slight decreases if interest rates are cut further. The bank is also actively exploring M&A opportunities and may consider share repurchases, reflecting strong capital and liquidity positions.Strong Profitability Metrics
Net income was $19.1 million or $0.42 per diluted share, with a return on assets of 1.34% and a return on average tangible common equity of 13.79%.
Balance Sheet Strength
The tangible equity ratio increased by 151 basis points over the past year to 10.04%, and the Common Equity Tier 1 ratio was 12.82%.
Net Interest Margin Stability
Tax equivalent net interest margin increased by 4 basis points to 4.68%, reflecting stability despite market interest rate changes.
Improvement in Criticized Loans
Substandard and criticized loans decreased by 31% in the fourth quarter and 56% from peak levels over the past 2.5 years.
Strong Noninterest Income Growth
Noninterest income showed growth in wealth management fees, service charges, and mortgage banking income.
Deposit Growth
Average deposits increased by $114 million or 2.5%, with period end total deposits increasing by $303 million or 6.8% from the prior quarter.
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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
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OSBC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $18.68 | $18.23 | -2.41% |
| Oct 16, 2024 | $16.06 | $16.98 | +5.73% |
| Jul 17, 2024 | $16.66 | $16.29 | -2.22% |
| Apr 17, 2024 | $13.31 | $13.60 | +2.18% |
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.
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FAQ
When does Old Second Bancorp (OSBC) report earnings?
Old Second Bancorp (OSBC) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Old Second Bancorp (OSBC) earnings time?
Old Second Bancorp (OSBC) earnings time is at Jan 22, 2025, TBA Not 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 2025 (Q1) is 0.45.
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