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Old Second Bancorporation Inc. - OSBC STOCK NEWS

Welcome to our dedicated news page for Old Second Bancorporation (Ticker: OSBC), a resource for investors and traders seeking the latest updates and insights on Old Second Bancorporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Old Second Bancorporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Old Second Bancorporation's position in the market.

News
Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share
Rhea-AI Summary
Old Second Bancorp, Inc. reported a net income of $21.3 million, or $0.47 per diluted share for the first quarter of 2024. The company's adjusted net income increased from the previous quarter but decreased compared to the same quarter last year. Despite challenges in net interest income and noninterest expenses, the company's profitability ratios remained strong. The Board declared a cash dividend of $0.05 per share. Asset quality and earning assets showed stability with a decrease in nonperforming loans and total loans. The company continues to focus on strategic securities transactions to optimize its portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.23%
Tags
earnings
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News
O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Catalina Finer Food, LLC in their Acquisition of Saugatuck Kitchens, LLC
Rhea-AI Summary
O2 Sponsor Finance provides senior secured credit facilities to support Catalina Finer Food, in their acquisition of Saugatuck Kitchens, Catalina, a Tampa-based manufacturer of Cuban and Caribbean cuisine, expands its product lines through this acquisition, gaining access to the Northeast US market and cross-sell opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
acquisition
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News
O2 Sponsor Finance provides Senior Secured Credit Facilities to Support Corridor Capital in its Acquisition of Association Headquarters
Rhea-AI Summary
O2 Sponsor Finance, a division of Old Second National Bank, provided senior secured credit facilities to support Corridor Capital in acquiring Association Headquarters, Nick O'Brien expressed excitement about the acquisition, highlighting Association HQ's strong brand and management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.67%
Tags
acquisition
News
Daniele Joins Old Second National Bank
Rhea-AI Summary
Old Second National Bank appoints Mike Daniele as Senior Vice President in the Commercial Banking group, bringing over 20 years of experience in relationship banking. Daniele has previously worked with Fifth Third Bank and First Midwest Bank, actively engages in community service, and holds a Bachelor's degree in Communications from the University of Wisconsin - Madison.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
-
News
Rankins Joins Old Second National Bank
Rhea-AI Summary
Old Second National Bank (OSBC) appoints Steve Rankins as Senior Vice President, bringing 30 years of commercial banking experience to the Commercial Banking Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
-
News
O2 Sponsor Finance Promotes Nick O’Brien to Senior Vice President
Rhea-AI Summary
O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), has promoted Nick O'Brien to Senior Vice President. Nick's role in originating new business and strengthening sponsor relationships is crucial for the portfolio's growth. President Joe Gaffigan expresses excitement for Nick's leadership in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
News
Old Second Bancorp, Inc. Reports Fourth Quarter 2023 Net Income of $18.2 Million, or $0.40 per Diluted Share
Rhea-AI Summary
Old Second Bancorp, Inc. announced financial results for Q4 2023, reporting a net income of $18.2 million, a decrease from previous quarters. The company's total assets were $5.72 billion, with a net interest income of $61.2 million. Nonperforming loans increased, impacting the overall asset quality. The Board declared a cash dividend of $0.05 per share. The company's financial performance showed a decrease in net income, net interest income, and noninterest income, while the provision for credit losses increased. The effective tax rate also saw a slight increase.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.59%
Tags
earnings
-
News
O2 Sponsor Finance provides $12 Million in Senior Secured Credit Facilities to Support Soundcore Capital Partners’ Acquisitions of Top Notch Dock & Door, Top Notch Garage Door and Premier Overhead Doors
Rhea-AI Summary
O2 Sponsor Finance, a division of Old Second National Bank, provided $12 million in senior secured credit facilities to support Soundcore Capital Partners' formation of Door & Dock Holdings, LLC. This investment is into both Top Notch Dock & Door and Top Notch Garage Door and Premier Overhead Doors, leading providers of commercial overhead garage door, dock leveler, and access control installation, repair, and maintenance services in the growing Atlanta metro and Interstate 85 corridors. Both Top Notch and Premier have successful operating histories and will remain with the business post investment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
acquisition
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News
Old Second Bancorp, Inc. Reports Third Quarter 2023 Net Income of $24.3 Million, or $0.54 per Diluted Share
Rhea-AI Summary
Old Second Bancorp, Inc. announces financial results for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.22%
Tags
earnings
News
Anfenson Joins Old Second
Rhea-AI Summary
Old Second National Bank welcomes Carl Anfenson as Senior VP in Commercial Banking group. Anfenson brings 30+ years of experience and has led banking teams at MB Financial Bank and Huntington Bank. Old Second Bancorp, Inc. is the holding company for Old Second National Bank. OSBC stock trades on NASDAQ.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.94%
Tags
none
Stock OSBC logo
Old Second Bancorporation Inc.

Nasdaq:OSBC

OSBC Rankings

#2741 Ranked by Market Cap
#3066 Ranked by Stock Gains
#1666 Ranked by Dividends

OSBC Stock Data

601.23M
40.30M
4.98%
70.6%
1.4%
Commercial Banking
Finance and Insurance
Link
US
Aurora

About OSBC

unlike other chicago-area banks, our heritage traces the advancement and evolution of the banking industry and the growth and expansion of the chicago metropolitan area. the same local spirit that sparked that original group of early settlers to invest in and finance their town’s growth helped guide us as old second expanded throughout kane, kendall, dekalb, dupage, cook, lasalle and will counties and the surrounding communities. in addition to their commitment to community, our founders’ fiscal discipline remains among our bank’s guiding principles. backed by an unwavering sense of financial responsibility, we’ve persevered through the most challenging and rewarding economic climates and historical events of the late-19th century, the entire 20th century and the early 21st century. our balance sheet remains solid, our credit rating remains strong and our dedication to building strong and lasting relationships with our customers remains unparalleled. since 1871, old second consistently