Old Second Bancorp Inc Ill Financials
This page shows Old Second Bancorp Inc Ill (OSBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Old Second’s balance-sheet growth is lifting revenue, but lower leverage and heavier costs are shrinking returns on capital.
Between FY2023 and FY2025, assets rose from$5.7B to$6.9B while net income moved lower, showing the franchise got larger without earning more on each dollar employed. That mismatch pulled ROA from1.6% to1.2% , the clearest sign that asset growth is outpacing earnings growth.
The income statement shows cost absorption rather than clean operating leverage: revenue reached
The balance sheet is being run with a thicker capital cushion: debt-to-equity improved from 8.9x to 6.7x over two years. That helps explain softer ROE, even though FY2025 operating cash flow of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Old Second Bancorp Inc Ill's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Old Second Bancorp Inc Ill's revenue surged 19.2% year-over-year to $355.2M, reflecting rapid business expansion. This strong growth earns a score of 50/100.
Old Second Bancorp Inc Ill has elevated debt relative to equity (D/E of 6.70), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Old Second Bancorp Inc Ill converts 33.1% of revenue into free cash flow ($117.8M). This strong cash generation earns a score of 100/100.
Old Second Bancorp Inc Ill's ROE of 9.0% shows moderate profitability relative to equity, earning a score of 37/100. This is down from 12.7% the prior year.
Old Second Bancorp Inc Ill passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Old Second Bancorp Inc Ill generates $1.52 in operating cash flow ($122.3M OCF vs $80.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Old Second Bancorp Inc Ill generated $355.2M in revenue in fiscal year 2025. This represents an increase of 19.2% from the prior year.
Old Second Bancorp Inc Ill reported $80.3M in net income in fiscal year 2025. This represents a decrease of 5.8% from the prior year.
Old Second Bancorp Inc Ill earned $1.62 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 13.4% from the prior year.
Cash & Balance Sheet
Old Second Bancorp Inc Ill generated $117.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 2.5% from the prior year.
Old Second Bancorp Inc Ill held $124.0M in cash against $0 in long-term debt as of fiscal year 2025.
Old Second Bancorp Inc Ill paid $0.25 per share in dividends in fiscal year 2025. This represents an increase of 19.0% from the prior year.
Old Second Bancorp Inc Ill had 53M shares outstanding in fiscal year 2025. This represents an increase of 17.4% from the prior year.
Margins & Returns
Old Second Bancorp Inc Ill's net profit margin was 22.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 6.0 percentage points from the prior year.
Old Second Bancorp Inc Ill's ROE was 9.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 3.7 percentage points from the prior year.
Capital Allocation
Old Second Bancorp Inc Ill spent $7.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 607.3% from the prior year.
Old Second Bancorp Inc Ill invested $4.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 58.2% from the prior year.
OSBC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.3M-3.9% | $102.3M-1.7% | $104.1M+38.3% | $75.2M+2.3% | $73.6M-2.3% | $75.3M-1.0% | $76.1M+3.9% | $73.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $29.7M-4.3% | $31.0M-22.0% | $39.7M+47.4% | $26.9M-0.2% | $27.0M+5.4% | $25.6M+3.8% | $24.7M+5.3% | $23.4M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $17.2M-10.6% | $19.3M-9.6% | $21.3M+93.6% | $11.0M+3.2% | $10.7M-22.2% | $13.7M-11.6% | $15.5M+14.5% | $13.5M |
| Income Tax | $8.5M-19.1% | $10.5M+227.9% | $3.2M-56.7% | $7.4M+16.0% | $6.4M+1.7% | $6.3M-9.2% | $6.9M-5.5% | $7.3M |
| Net Income | $25.6M-11.1% | $28.8M+191.6% | $9.9M-54.8% | $21.8M+10.0% | $19.8M+3.8% | $19.1M-16.7% | $23.0M+4.8% | $21.9M |
| EPS (Diluted) | $0.48 | N/A | $0.18-62.5% | $0.48+11.6% | $0.43 | N/A | $0.50+4.2% | $0.48 |
OSBC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.8B-0.8% | $6.9B-1.3% | $7.0B+22.6% | $5.7B-0.5% | $5.7B+1.4% | $5.6B-0.4% | $5.7B+0.2% | $5.7B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $115.7M-6.7% | $124.0M+6.4% | $116.5M-17.8% | $141.8M-44.6% | $256.1M+157.9% | $99.3M-14.2% | $115.8M-4.2% | $120.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $129.2M0.0% | $129.2M-0.8% | $130.3M+39.7% | $93.2M0.0% | $93.2M0.0% | $93.3M+7.8% | $86.5M0.0% | $86.5M |
| Total Liabilities | $6.0B-0.8% | $6.0B-1.9% | $6.1B+22.9% | $5.0B-1.0% | $5.0B+1.1% | $5.0B-0.6% | $5.0B-0.7% | $5.0B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $893.3M-0.4% | $896.8M+3.5% | $866.7M+20.6% | $718.6M+3.5% | $694.5M+3.5% | $671.0M+1.5% | $661.4M+6.8% | $619.3M |
| Retained Earnings | $559.1M+4.1% | $537.2M+4.9% | $512.1M+1.3% | $505.4M+3.9% | $486.3M+3.7% | $469.2M+3.6% | $452.7M+4.8% | $432.0M |
OSBC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $36.9M-16.5% | $44.2M+23.1% | $35.9M+48.2% | $24.2M+35.9% | $17.8M-25.7% | $24.0M-50.5% | $48.5M+316.3% | $11.6M |
| Capital Expenditures | $769K-12.7% | $881K-28.1% | $1.2M+55.4% | $789K-51.0% | $1.6M-25.1% | $2.1M-8.4% | $2.3M-20.9% | $3.0M |
| Free Cash Flow | $36.2M-16.6% | $43.4M+24.9% | $34.7M+48.0% | $23.5M+44.5% | $16.2M-25.7% | $21.8M-52.7% | $46.2M+431.4% | $8.7M |
| Investing Cash Flow | $29.6M-63.7% | $81.5M-11.3% | $91.8M+201.8% | -$90.2M-217.5% | $76.7M-70.4% | $259.3M+3594.2% | -$7.4M+67.8% | -$23.1M |
| Financing Cash Flow | -$74.8M+36.7% | -$118.2M+22.7% | -$153.0M-215.8% | -$48.4M-177.9% | $62.2M+120.8% | -$299.7M-548.7% | -$46.2M-235.0% | $34.2M |
| Dividends Paid | $3.7M-0.1% | $3.7M+16.9% | $3.2M+16.7% | $2.7M+0.3% | $2.7M+0.1% | $2.7M+19.8% | $2.2M+0.2% | $2.2M |
| Share Buybacks | $24.5M+67827.8% | $36K-99.4% | $5.9M+9390.3% | $62K-95.7% | $1.4M+456.4% | $257K | $0-100.0% | $15K |
OSBC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 26.0%-2.1pp | 28.1%+18.7pp | 9.5%-19.5pp | 29.0%+2.0pp | 27.0%+1.6pp | 25.4%-4.8pp | 30.2%+0.3pp | 29.9% |
| Return on Equity | 2.9%-0.3pp | 3.2%+2.1pp | 1.1%-1.9pp | 3.0%+0.2pp | 2.9%0.0pp | 2.9%-0.6pp | 3.5%-0.1pp | 3.5% |
| Return on Assets | 0.4%-0.0pp | 0.4%+0.3pp | 0.1%-0.2pp | 0.4%+0.0pp | 0.4%+0.0pp | 0.3%-0.1pp | 0.4%+0.0pp | 0.4% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 6.67-0.0 | 6.70-0.4 | 7.07+0.1 | 6.93-0.3 | 7.25-0.2 | 7.42-0.2 | 7.58-0.6 | 8.14 |
| FCF Margin | 36.8%-5.6pp | 42.4%+9.0pp | 33.4%+2.2pp | 31.2%+9.1pp | 22.1%-7.0pp | 29.0%-31.6pp | 60.7%+48.8pp | 11.9% |
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Frequently Asked Questions
What is Old Second Bancorp Inc Ill's annual revenue?
Old Second Bancorp Inc Ill (OSBC) reported $355.2M in total revenue for fiscal year 2025. This represents a 19.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Old Second Bancorp Inc Ill's revenue growing?
Old Second Bancorp Inc Ill (OSBC) revenue grew by 19.2% year-over-year, from $297.9M to $355.2M in fiscal year 2025.
Is Old Second Bancorp Inc Ill profitable?
Yes, Old Second Bancorp Inc Ill (OSBC) reported a net income of $80.3M in fiscal year 2025, with a net profit margin of 22.6%.
What is Old Second Bancorp Inc Ill's net profit margin?
Old Second Bancorp Inc Ill (OSBC) had a net profit margin of 22.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Old Second Bancorp Inc Ill pay dividends?
Yes, Old Second Bancorp Inc Ill (OSBC) paid $0.25 per share in dividends during fiscal year 2025.
What is Old Second Bancorp Inc Ill's return on equity (ROE)?
Old Second Bancorp Inc Ill (OSBC) has a return on equity of 9.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Old Second Bancorp Inc Ill's free cash flow?
Old Second Bancorp Inc Ill (OSBC) generated $117.8M in free cash flow during fiscal year 2025. This represents a -2.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Old Second Bancorp Inc Ill's operating cash flow?
Old Second Bancorp Inc Ill (OSBC) generated $122.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Old Second Bancorp Inc Ill's total assets?
Old Second Bancorp Inc Ill (OSBC) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Old Second Bancorp Inc Ill's capital expenditures?
Old Second Bancorp Inc Ill (OSBC) invested $4.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Old Second Bancorp Inc Ill's debt-to-equity ratio?
Old Second Bancorp Inc Ill (OSBC) had a debt-to-equity ratio of 6.70 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Old Second Bancorp Inc Ill's return on assets (ROA)?
Old Second Bancorp Inc Ill (OSBC) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Old Second Bancorp Inc Ill's Piotroski F-Score?
Old Second Bancorp Inc Ill (OSBC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Old Second Bancorp Inc Ill's earnings high quality?
Old Second Bancorp Inc Ill (OSBC) has an earnings quality ratio of 1.52x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Old Second Bancorp Inc Ill?
Old Second Bancorp Inc Ill (OSBC) scores 31 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.