In the Q1, Old Second Bancorp Inc's corporate clients experienced a reduction by -6.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -12.03 %. During the corresponding time, Old Second Bancorp Inc recorded a revenue increase by 19.19 % year on year, sequentially revenue fell by -8.6 %. While revenue at the Old Second Bancorp Inc's corporate clients fell by -7.76 % year on year, sequentially revenue fell by -12.26 %.
Customers of Old Second Bancorp Inc saw their costs of revenue decrease by -6.37 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -12.03 %, for the same period Old Second Bancorp Inc recorded revenue increase by 19.19 % year on year, sequentially revenue fell by -8.6 %.
Old Second Bancorp Inc's Comment on Sales, Marketing and Customers
The company serves small to medium-sized businesses across commercial, industrial, real estate, and consumer lending markets. Its wealth management services include a registered investment advisory platform, trust administration, and employee benefit plan administration. Deposit products offered comprise checking, NOW, money market, savings, and certificate of deposit accounts. Lending products include commercial mortgages, leases, construction loans, commercial loans, residential mortgages, powersport loans, and other consumer loans. Loans are typically secured by real estate, business assets, and consumer property, with borrower cash flow as the primary repayment source.
On July 1, 2025, the company acquired Bancorp Financial, Inc., which had approximately $1.43 billion in total assets, $1.20 billion in total loans, and $1.23 billion in total deposits. On December 6, 2024, the company acquired five branches from First Merchants Bank, assuming approximately $268.0 million in deposits and purchasing $7.1 million in loans, thereby expanding its presence in the south suburban Chicago area with a retail and commercial client base. Other entities referenced in filings include Evergreen Bank Group and Old Second National Bank.
Old Second Bancorp Inc’s Comment on Sales, Marketing and Customers
The company serves small to medium-sized businesses across commercial, industrial, real estate, and consumer lending markets. Its wealth management services include a registered investment advisory platform, trust administration, and employee benefit plan administration. Deposit products offered comprise checking, NOW, money market, savings, and certificate of deposit accounts. Lending products include commercial mortgages, leases, construction loans, commercial loans, residential mortgages, powersport loans, and other consumer loans. Loans are typically secured by real estate, business assets, and consumer property, with borrower cash flow as the primary repayment source.
On July 1, 2025, the company acquired Bancorp Financial, Inc., which had approximately $1.43 billion in total assets, $1.20 billion in total loans, and $1.23 billion in total deposits. On December 6, 2024, the company acquired five branches from First Merchants Bank, assuming approximately $268.0 million in deposits and purchasing $7.1 million in loans, thereby expanding its presence in the south suburban Chicago area with a retail and commercial client base. Other entities referenced in filings include Evergreen Bank Group and Old Second National Bank.
Sources:
Old Second Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Old Second Bancorp Inc’s corporate clients.
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