Old Second ( (OSBC) ) has released its Q4 earnings. Here is a breakdown of the information Old Second presented to its investors.
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Old Second Bancorp, Inc., a financial holding company based in Aurora, Illinois, operates in the banking industry, offering a range of personal and commercial banking services through Old Second National Bank. In its latest earnings report, Old Second Bancorp, Inc. announced a fourth-quarter net income of $19.1 million, a decrease from the previous quarter but an increase compared to the same period last year. Key financial metrics revealed a mixed performance, with net interest income rising slightly to $61.6 million, and noninterest income increasing significantly by 33% year-over-year. However, noninterest expenses also saw a notable rise, primarily due to transaction-related costs from recent acquisitions. Looking ahead, the company remains cautiously optimistic, with management focusing on addressing credit quality issues and positioning for potential growth opportunities in 2025.
