Old Second Q2 FY26 net income rises 10.16% to $28.2 million; NIM widens 9 basis points to 5.23%

Reuters2026/07/22 20:20

By:Reuters

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Old Second posted second-quarter 2026 net income of $28.2 million, up 10.16% from the prior quarter; diluted EPS rose to $0.54.
Net interest and dividend income increased 2.69% to $83.3 million; fully tax-equivalent net interest margin widened 0.09 percentage point to 5.23%.
Provision for credit losses fell 21.05% to $7.5 million; nonperforming loans declined to $56.5 million, pushing the nonperforming-loan ratio down to 1.08%.
Total loans climbed to $5.25 billion; total deposits slipped 2.16% to $5.44 billion, with deposit costs easing to 1%.
Jim Eccher cited “exceptional” margin performance and disciplined efficiency, noting lower problem assets and tangible common equity to tangible assets rising to 11.19%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Old Second Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000357173-26-000042), on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Old Second Q2 FY26 net income rises 10.16% to $28.2 million; NIM widens 9 basis points to 5.23%

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