Old Second Bancorp Q2 adjusted net income slightly misses estimates

Overview

• US regional bank's Q2 adjusted net income slightly missed analyst expectations

• Net income rose quarter-over-quarter to $28.2 mln

• Company repurchased 732,000 shares during the quarter

Outlook

• Company says it is well-positioned to deliver better results in the last half of 2026

Result Drivers

• NET INTEREST INCOME - Higher loan balances and improved yields drove an increase in net interest and dividend income

• CREDIT QUALITY - Provision for credit losses declined, though charge-offs were elevated due to two specific commercial relationships

• NONINTEREST INCOME - Growth in wealth management and card-related fees contributed to higher noninterest income

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Old Second Bancorp, Inc is $25.00, about 5.6% above its July 21 closing price of $23.68

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads

• July 21 - Mercantile Bank's Q2 adjusted EPS beats estimates, revenue slightly misses

• July 21 - National Bank Holdings Q2 adjusted net income beats estimates on higher earning assets

• July 21 - KeyCorp quarterly profit rises on interest income strength

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)