Welcome to our dedicated page for Old Second Bancorp Ill news (Ticker: OSBC), a resource for investors and traders seeking the latest updates and insights on Old Second Bancorp Ill stock.
Old Second Bancorp Inc. reports developments tied to its role as the bank holding company for Old Second National Bank, a community banking institution serving consumer, commercial and wealth-management customers. Recurring updates cover net interest income, noninterest income, credit-loss provision, deposit and loan trends, capital ratios, cash dividends and the integration of acquired banking operations.
Company news also includes activity from O2 Sponsor Finance, a division of Old Second National Bank that provides cash-flow-based senior secured loans to lower middle market businesses. Those announcements commonly describe sponsor-backed acquisition and recapitalization financings, alongside Old Second's broader community banking results.
Old Second Bancorp (NASDAQ: OSBC) reported second quarter 2026 net income of $28.2 million, or $0.54 per diluted share, up from $25.6 million, or $0.48, in the first quarter. Adjusted net income was $28.7 million, or $0.55 per diluted share. Net interest and dividend income rose to $83.3 million, with tax-equivalent net interest margin improving 9 basis points to 5.23%, while provision for credit losses declined to $7.5 million.
Total loans increased to $5.25 billion, and nonperforming loans fell to $56.5 million, lowering nonperforming loans to 1.08% of total loans. Deposits declined 2.16% to $5.44 billion, but cost of deposits decreased to 1.00%. Return on average assets was 1.65%, and ROATCE reached 15.58%. The board declared a quarterly dividend of $0.07 per share and repurchased 732,183 shares for approximately $15.4 million, as tangible common equity to tangible assets rose to 11.19%.
Old Second (NASDAQ:OSBC) announced that O2 Sponsor Finance has promoted Chris Gallun to First Vice President. Gallun has been with O2 Sponsor Finance since its launch over four and a half years ago and focuses on sponsor finance and credit analysis.
He has contributed to underwriting, originating new business, portfolio growth, and sponsor relationships. His prior experience includes roles at TCF Capital Funding, Huntington Sponsor Finance, Walgreens Boots Alliance, and Fitch Ratings. He is a graduate of the University of Wisconsin-Madison.
Old Second National Bank (NASDAQ:OSBC) appointed Michael Graf as Senior Managing Director and Head of Middle Market Banking. Graf brings over 30 years of experience serving middle market clients in the Chicago area.
His background includes senior roles at First Midwest Bank/Old National Bank and LaSalle Bank.
Old Second (NASDAQ:OSBC), through its O2 Sponsor Finance division, provided senior secured credit facilities to support Fort Point Capital’s recapitalization of Boston Green, a Freetown, MA-based environmental services provider.
Boston Green serves New England and Mid-Atlantic markets with waste transportation and disposal, industrial cleaning, maintenance, and emergency response services.
Old Second Bancorp (NASDAQ:OSBC) reported Q1 2026 net income of $25.6 million, or $0.48 per diluted share, and adjusted net income of $26.0 million ($0.49 adjusted diluted EPS).
Key metrics: tax-equivalent net interest margin of 5.14%, provision for credit losses of $9.5 million, noninterest income of $12.6 million, and noninterest expense of $50.2 million. The Board declared a $0.07 cash dividend payable May 11, 2026.
O2 Sponsor Finance (OSBC) provided a $30 million senior secured credit facility to support Borgman Capital's recapitalization of Gilman Cheese Corporation on March 31, 2026. Gilman Cheese, headquartered in Gilman, Wisconsin, is a developer and private labeler of premium clean‑label processed cheeses.
The financing is intended to position Gilman for its next phase of growth and to support the company's growth initiatives, with O2 Sponsor Finance stating it will continue to support execution of those initiatives.
Old Second Bancorp (NASDAQ:OSBC) reported Q4 2025 net income of $28.8 million, or $0.54 per diluted share, up $18.9 million from Q3 2025 and up $9.7 million year‑over‑year. Adjusted net income was $30.8 million, or $0.58 per diluted share. Net interest and dividend income was $83.1 million (up $21.5 million, +34.9% YoY). Provision for credit losses was $3.0 million in Q4 2025 versus $19.7 million in Q3 2025 (Q3 included a $13.2 million day‑two purchase accounting charge from the Bancorp Financial acquisition).
Total loans were $5.25 billion (including $1.19 billion acquired), total deposits were $5.60 billion, tangible book value per share rose to $14.12, and the company declared a $0.07 per share cash dividend payable Feb 9, 2026.
O2 Sponsor Finance (NASDAQ:OSBC) served as Administrative Agent and Co-Lead Arranger of senior secured credit facilities to support Paceline Equity Partners and Serata Capital Partners in their acquisition of EventLink Group on December 1, 2025.
EventLink, founded in 2009 and headquartered in Sterling Heights, Michigan, provides planning, execution and measurement of complex experiential events for enterprise clients across automotive, government, adult beverage, sports & entertainment and healthcare sectors. EventLink's management team remains in place and will continue to lead the business.
Old Second Bancorp (NASDAQ:OSBC) reported Q3 2025 net income of $9.9M or $0.18 diluted, down from $21.8M in Q2 2025 and $23.0M in Q3 2024. Results were significantly affected by the July 1, 2025 acquisition of Bancorp Financial.
Adjusted net income was $28.4M ($0.53/share) excluding acquisition-related day-two PCLs, transaction costs and other items. Key balance sheet moves: $1.19B of loans acquired, total assets $6.99B, deposits $5.76B, and tangible book value per share $13.51. The Board declared a $0.07 cash dividend payable Nov 10, 2025.
Old Second Bancorp (Nasdaq:OSBC) completed the systems and brand conversion of Evergreen Bank Group on October 20, 2025, marking the final step in the acquisition and full integration of Evergreen branches into Old Second National Bank.
All former Evergreen locations now operate under the Old Second name and are on Old Second systems, giving former Evergreen customers access to 55 Old Second branches across Chicagoland, unified online and mobile banking, and Old Second products and services.
Customers are directed to oldsecond.com/transition/ebg for details about the transition and available services.