Old Second Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 18, 2023 at 04:00 pm
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Old Second Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 63.03 million compared to USD 55.57 million a year ago. Net income was USD 24.34 million compared to USD 19.52 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.43 a year ago.
For the nine months, net interest income was USD 190.7 million compared to USD 142.07 million a year ago. Net income was USD 73.5 million compared to USD 43.79 million a year ago. Basic earnings per share from continuing operations was USD 1.65 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 1.62 compared to USD 0.97 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.