Old Second Bancorp Inc. filings document the regulatory disclosures of a Nasdaq-listed bank holding company and the parent of Old Second National Bank. Recent 8-K reports record quarterly results, loan portfolio disclosures, cash dividend declarations, earnings-call notices, capital actions and other material events affecting the company's banking operations and common stock.
The filing record also includes capital-structure disclosures such as common-share repurchase authorization and subordinated note redemption matters, including Federal Reserve non-objection references where applicable. Proxy materials provide annual governance disclosures, executive compensation information and equity-award data for the public company.
Old Second Bancorp, Inc. authorized a new share repurchase program allowing the company to buy back up to $61.2 million of its common stock. The program will run from July 1, 2026 through June 30, 2027 and has received nonobjection from the Federal Reserve Bank of Chicago.
Repurchases may occur through open market purchases, SEC Rule 10b5-1 trading plans, privately negotiated transactions or other methods, with timing, amount and pricing at management’s discretion and subject to market, economic, legal and regulatory factors. The company is not obligated to repurchase any shares, and activity can be started, stopped or suspended at any time. The existing plan is scheduled to expire on June 30, 2026.
Old Second Bancorp, Inc. reports that director Dennis Klaeser has resigned from the boards of both Old Second Bancorp, Inc. and Old Second National Bank, effective immediately. In his letter, he expressed appreciation for serving over the past five years as the company has grown.
The company states that his resignation is not the result of any disagreement with Old Second. Klaeser served as a Class II director with a term expiring at Old Second’s 2027 annual meeting and was a member of the Executive, Audit, Compensation, Risk, and Capital Committees. Old Second does not plan to immediately fill the vacancy and will instead reduce the size of the Board by one member.
OLD SECOND BANCORP INC director and vice chairman Gary S. Collins reported an open-market sale of 5,120 shares of Old Second Bancorp, Inc. common stock at $21.12 per share from an IRA account. The transaction is classified as an indirect sale because the shares are held in an IRA.
After this sale, the filing shows Collins indirectly holding 58,136.085 Old Second Bancorp, Inc. common shares in the IRA, 7,058 common shares through a 401‑K plan, and directly holding 30,136 common shares. He also directly holds 37,312 Restricted Stock Units, which represent additional equity-based compensation.
Old Second Bancorp Inc. vice chairman and director Gary S. Collins reported an open-market sale of 10,000 shares of Old Second Bancorp common stock at $21.12 per share through an IRA. After this transaction, the IRA holds 63,256.085 shares.
The filing also shows Collins with 30,136 shares of common stock held directly, 7,058 shares held indirectly through a 401-K, and 37,312 restricted stock units as of the reported date. These additional lines reflect reported holdings rather than new purchases or sales.
Old Second Bancorp, Inc. held its Annual Meeting of Stockholders on May 19, 2026. Of the 51,779,472 shares eligible to vote, 44,215,472 were represented in person or by proxy, representing approximately 85.39% of the outstanding shares.
Stockholders elected Class I directors Darin Campbell, Billy J. Lyons, Jr., Patti Temple Rocks, and John Williams, Jr. to terms expiring in 2029. The nominees received between 35,257,039 and 36,786,104 votes for, with broker non-votes of 4,815,715 on each. Stockholders also approved two additional proposals, which received 37,948,165 and 43,850,137 votes for, respectively.
Old Second Bancorp, Inc. filed a current report to announce its Annual Stockholders Meeting and related presentation access. The meeting is scheduled for May 19, 2026 at 9:00 am CDT.
Shareholders and investors can view the presentation materials under the Presentations tab in the Investor Relations section of Old Second’s website. The company, headquartered in Aurora, Illinois, operates Old Second National Bank, offering commercial and retail banking plus trust and wealth management services across several Illinois counties.
Old Second Bancorp Inc. director Billy J. Lyons Jr. reported a small open-market purchase of company stock. He bought 24 shares of Old Second Bancorp, Inc. common stock at a price of $20.90 per share, bringing his direct common stock holdings to 20,097 shares. He also reports holding 10,595 Restricted Stock Units.
OLD SECOND BANCORP INC executive Donald Pilmer reported an open-market sale of 25,000 shares of Old Second Bancorp, Inc. common stock at an average price of $20.7518 per share. After this sale, he directly holds 48,054 common shares. The filing also shows 39,498 restricted stock units, plus indirect holdings of 1,450 shares in a spouse's IRA, 183 shares in a profit sharing plan, and 4,023 shares in a 401-K plan.
OLD SECOND BANCORP INC vice chairman Gary S. Collins reported open-market sales of company stock. On May 8, 2026, he sold 15,000 shares of Old Second Bancorp common stock in two transactions at $21.225 and $21.240 per share.
After these sales, Collins held 30,136 common shares directly, plus 73,256.085 shares indirectly through an IRA. He also reported 37,312 Restricted Stock Units and 7,058 common shares held via a 401-K plan, indicating he retains a substantial stake in the company.
Old Second Bancorp reported stronger results for the quarter ended March 31, 2026. Net income rose to $25.6 million from $19.8 million a year earlier, and basic earnings per share increased to $0.49 from $0.44. Net interest and dividend income expanded to $81.1 million from $62.9 million, helped by higher loan and securities income, partly offset by increased deposit and borrowing costs.
Credit costs rose meaningfully: the provision for credit losses climbed to $9.5 million from $2.4 million, and net charge-offs reached $10.8 million, driven by a large charge-off on a downtown Chicago office loan, a warehouse and distribution credit, and higher powersport loan losses. The allowance for credit losses on loans stood at $72.1 million. Total assets were $6.85 billion, with loans of $5.19 billion and deposits of $5.56 billion.
The company continued returning capital, declaring a quarterly dividend of $0.07 per share and repurchasing stock, which increased treasury stock to $26.2 million. After quarter-end, it redeemed $30.0 million of subordinated debt as it transitioned from a fixed to a SOFR-based floating rate.