Old Second Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2019
January 22, 2020 at 04:11 pm
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Old Second Bancorp, Inc. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced net interest income was USD 96.759 million compared to USD 90.939 million a year ago. Net income was USD 39.455 million compared to USD 34.012 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to USD 1.12 a year ago.
Old Second Bancorp, Inc. serves as the bank holding company for its wholly owned subsidiary bank, Old Second National Bank (the Bank). The Bank is a full-service banking business offering a range of deposit products, trust and wealth management services, lending services, and deposit services, including demand, NOW, money market, savings, time deposit and individual retirement accounts. It also offers commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking, and safe deposit operations. It provides variety of additional services to the needs of individual customers, such as the money orders, cashiersâ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. It also provides complement of electronic banking services such as online and mobile banking and corporate cash management products.
OLD SECOND BANCORP, INC. 
