OLD SECOND BANCORP INC OSBC
Old Second Bancorp, Inc. is a corporation organized under the laws of the State of Delaware in 1981 that serves as the bank holding company for its wholly-owned subsidiary bank, Old Second National Bank. Old Second National Bank (the "Bank") is a national banking association headquartered in Aurora, Illinois, that operates through 55 banking centers located in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle and Will counties in Illinois.
We conduct a full service community banking and trust business through the Bank and its wholly-owned subsidiaries, as follows:
●Old Second Affordable Housing Fund, L.L.C., which was formed for the purpose of providing down payment assistance for home ownership to qualified individuals;
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $355.2M | $297.9M | $292.0M | $216.5M | $105.2M | $104.2M | $115.6M | $107.6M | $87.5M | $73.4M |
| Interest expense | $293.0M | $241.6M | $251.9M | $10.3M | $8.4M | $12.5M | $18.8M | $16.7M | $12.6M | $9.9M |
| Pre-tax income | $107.8M | $113.0M | $124.4M | $91.5M | $27.9M | $37.4M | $51.9M | $43.9M | $34.3M | $24.5M |
| Income tax | $27.4M | $27.7M | $32.7M | $24.1M | $7.8M | $9.6M | $12.4M | $9.9M | $19.2M | $8.8M |
| Net income | $80.3M | $85.3M | $91.7M | $67.4M | $20.0M | $27.8M | $39.5M | $34.0M | $15.1M | $15.7M |
| EPS, basic | 1.64 | 1.90 | 2.05 | 1.51 | 0.66 | 0.94 | 1.32 | 1.14 | 0.51 | 0.53 |
| EPS, diluted | 1.62 | 1.87 | 2.02 | 1.49 | 0.65 | 0.92 | 1.30 | 1.12 | 0.50 | 0.53 |
| Shares, diluted (wtd. avg.) | $49.7M | $45.6M | $45.4M | $45.2M | $30.7M | $30.2M | $30.4M | $30.3M | $30.0M | $29.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $124.0M | $99.3M | $100.1M | $115.2M | $752.1M | $329.9M | $50.6M | $55.2M | $55.8M | $47.3M |
| Property, plant and equipment | $86.6M | $87.3M | $79.3M | $72.4M | $88.0M | $45.5M | $44.4M | $42.4M | $37.6M | $39.0M |
| Goodwill | $129.2M | $93.3M | $86.5M | $86.5M | $86.3M | $18.6M | — | — | — | — |
| Other intangibles | $23.7M | $22.0M | $11.2M | $13.7M | $16.3M | $2.2M | — | — | — | — |
| Total assets | $6.90B | $5.65B | $5.72B | $5.89B | $6.21B | $3.04B | $2.64B | $2.68B | $2.38B | $2.25B |
| Total liabilities | $6.01B | $4.98B | $5.15B | $5.43B | $5.71B | $2.73B | $2.36B | $2.45B | $2.18B | $2.08B |
| Retained earnings | $537.2M | $469.2M | $393.3M | $310.5M | $252.0M | $236.6M | $213.7M | $175.5M | $143.0M | $129.0M |
| Total equity | $896.8M | $671.0M | $577.3M | $461.1M | $502.0M | $307.1M | $277.9M | $229.1M | $200.3M | $175.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $122.3M | $131.5M | $116.4M | $97.3M | $31.0M | $26.0M | $52.6M | $54.9M | $37.1M | $27.3M |
| Depreciation and amortisation | $6.1M | $5.6M | $4.5M | $4.1M | $3.2M | $2.8M | $2.5M | $2.4M | $2.3M | $2.3M |
| Stock-based compensation | $5.5M | $3.9M | $3.6M | $3.0M | $1.4M | $2.1M | $2.5M | $2.3M | $1.2M | $657.0K |
| Capital expenditure | $4.5M | $10.8M | $12.4M | $4.3M | $2.0M | $3.9M | $4.4M | $1.9M | $1.1M | $2.0M |
| Investing cash flow | $159.8M | $322.7M | $161.6M | -$432.8M | $132.9M | -$103.8M | $42.2M | -$25.8M | -$132.5M | -$123.1M |
| Financing cash flow | -$257.4M | -$455.1M | -$293.0M | -$301.5M | $258.2M | $357.1M | -$99.5M | -$29.7M | $103.9M | $102.8M |
| Dividends paid | $12.2M | $9.4M | $8.9M | $8.9M | $4.6M | $1.2M | $1.2M | $1.2M | $1.2M | $888.0K |
| Buybacks | $7.4M | $1.0M | $605.0K | $455.0K | $10.4M | $5.9M | $666.0K | $505.0K | $236.0K | $254.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-039829.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |