OLD SECOND BANCORP INC — Form 8-K
Filed July 22, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Old Second Bancorp reported Q2 2026 net income of $28.2M ($0.54 diluted EPS) vs. $25.6M ($0.48) in Q1 2026. Net interest margin expanded 9 bps to 5.23% (tax-equivalent); net interest income grew $2.2M (2.69%) to $83.3M. Nonperforming loans declined $19M to $56.5M (1.08% of $5.25B loan portfolio). Board declared $0.07/share dividend; company repurchased 732,183 shares at $21.08/share for $15.4M. Tangible book value per share grew to $14.77. Provision for credit losses was $7.5M.
Why this rating
Strong sequential earnings growth, margin expansion, and improving credit quality are positive. However, at $760.5M market cap, Q2 net income of ~$28M annualizes to ~5% of market value—meaningful but not transformational. Routine quarterly results within normal operations.
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