Old Second Bancorp Inc (OSBC) |
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Price: $13.1900
$0.15
1.150%
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Day's High:
| $13.35
| Week Perf:
| -3.65 %
|
Day's Low: |
$ 13.04 |
30 Day Perf: |
-1.79 % |
Volume (M): |
391 |
52 Wk High: |
$ 16.76 |
Volume (M$): |
$ 5,160 |
52 Wk Avg: |
$13.97 |
Open: |
$13.04 |
52 Wk Low: |
$10.79 |
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Market Capitalization (Millions $) |
599 |
Shares
Outstanding (Millions) |
45 |
Employees |
450 |
Revenues (TTM) (Millions $) |
270 |
Net Income (TTM) (Millions $) |
92 |
Cash Flow (TTM) (Millions $) |
-15 |
Capital Exp. (TTM) (Millions $) |
12 |
Old Second Bancorp Inc
Old Second Bancorp, Inc. was organized under the laws of Delaware on September
8, 1981. It is a registered bank holding company under the Bank Holding Company
Act of 1956 (the "BHCA"). The Companys office is located at 37 South
River Street, Aurora, Illinois 60507.
The Company conducts a full service community banking and trust business through
the following wholly owned subsidiaries, which together with the Registrant
are referred to as the “Company”:
Old Second National Bank (the “Bank”).
Old Second Capital Trust I, which was formed for the exclusive purpose of issuing
trust preferred securities in an offering that was completed in July 2003.
Old Second Capital Trust II, which was formed for the exclusive purpose of issuing
trust preferred securities in an offering that was completed in April 2007.
Old Second Affordable Housing Fund, L.L.C., which was formed for the purpose
of providing down payment assistance for home ownership to qualified individuals.
A series of limited liability companies wholly owned by the Bank and formed
between 2008 and 2012 to hold property acquired by the Bank through foreclosure
or in the ordinary course of collecting a debt previously contracted with borrowers.
River Street Advisors, LLC, a wholly owned subsidiary of the Bank, which was
formed in May 2010 to provide investment advisory/management services.
Inter-company transactions and balances are eliminated in consolidation.
The Bank’s full service banking businesses include the customary consumer
and commercial products and services that banking institutions provide including
demand, NOW, money market, savings, time deposit, individual retirement and
Keogh deposit accounts; commercial, industrial, consumer and real estate lending,
including installment loans, student loans, agricultural loans, lines of credit
and overdraft checking; safe deposit operations; trust services; wealth management
services; and an extensive variety of additional services tailored to the needs
of individual customers, such as the acquisition of U.S. Treasury notes and
bonds, the sale of travelers checks, money orders, cashiers’ checks and
foreign currency, direct deposit, discount brokerage, debit cards, credit cards,
and other special services. The Bank also offers a full complement of electronic
banking services such as online and mobile banking and corporate cash management
products including remote deposit capture, mobile deposit capture, investment
sweep accounts, zero balance accounts, automated tax payments, ATM access, telephone
banking, lockbox accounts, automated clearing house transactions, account reconciliation,
controlled disbursement, detail and general information reporting, wire transfers,
vault services for currency and coin, and checking accounts. Commercial and
consumer loans are made to corporations, partnerships and individuals, primarily
on a secured basis. Commercial lending focuses on business, capital, construction,
inventory and real estate lending. Installment lending includes direct and indirect
loans to consumers and commercial customers. Additionally, the Bank provides
a wide range of wealth management, investment, agency, and custodial services
for individual, corporate, and not-for-profit clients. These services include
the administration of estates and personal trusts, as well as the management
of investment accounts for individuals, employee benefit plans, and charitable
foundations. The Bank also originates residential mortgages, offering a wide
range of mortgage products including conventional, government, and jumbo loans.
Secondary marketing of those mortgages is also handled at the Bank.
Operating segments are components of a business about which separate financial
information is available and that are evaluated regularly by the Company’s
management in deciding how to allocate resources and assess performance. Public
companies are required to report certain financial information about operating
segments. The Company’s management evaluates the operations of the Company
as one operating segment, i.e. community banking.
The Bank provides a broad range of commercial and retail lending services to
corporations, partnerships, individuals and government agencies. The Bank actively
markets its services to qualified borrowers. Lending officers actively solicit
the business of new borrowers entering our market areas as well as long-standing
members of the local business community. The Bank has established lending policies
that include a number of underwriting factors to be considered in making a loan,
including location, amortization, loan to value ratio, cash flow, pricing, documentation
and the credit history of the borrower.
Company Address: 37 South River Street Aurora 60507 IL
Company Phone Number: 892-0202 Stock Exchange / Ticker: NASDAQ OSBC
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Customers Net Income fell by |
OSBC's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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Stock Performances by Major Competitors |
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Horizon Bancorp Inc
Horizon Bancorp Inc, a regional bank company, has recently seen an increase in its share price over the last month and the last five trading days, despite facing some challenges in its financial performance. The company's shares have seen a 3.35% increase over the course of the last 30 days and a 4.34% increase over the last five trading days. This positive movement in the stock price is a good sign for investors, but it is important to also consider the company's financial results and operational performance in order to fully understand the reasons behind this increase. For the period ending December 31, 2023, Horizon Bancorp Inc reported a shortfall of $-0.57 per share, compared to a profit of $0.48 per share in the previous year. This decrease in earnings per share is concerning and indicates that the company may be facing challenges in generating profits. The revenue also fell sharply by -63.126% to $20.53 million from $55.69 million in the same period a year before. This drop in revenue could be attributed to various factors such as slowing demand or changes in the market environment.
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Ohio Valley Banc Corp
In the face of a challenging landscape for regional banks, Ohio Valley Banc Corp (OVBC) managed to achieve expanding sales in its most recent fiscal period. However, the company experienced a shrinking earnings per share (EPS), raising questions about its future prospects. Let's delve into the financial results to better understand how these developments may impact the company going forward. Expanding Sales, Decreasing EPS: OVBC reported a 9.944% increase in revenue, reaching $14.21 million compared to $12.92 million on a year-over-year basis. While this indicates positive growth, the bottom-line paints a different picture, with EPS decreasing by 7.99% to $0.68 per share from $0.74 in the prior year's reporting season. This discrepancy suggests that OVBC's profitability is not keeping pace with its revenue growth.
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South Plains Financial Inc
South Plains Financial Inc (NASDAQ: SPFI) recently reported its financial results for the fourth quarter of 2023 earnings season, and it was not a pretty picture. Both revenue and earnings took a significant hit, with income falling by -14.8% to $0.62 per share and revenue by -10.343% year on year. Revenue in the fourth quarter of 2023 stood at $43.71 million, compared to $48.75 million in the same period of the previous year. Furthermore, the decline in performance was not just limited to the year-on-year comparison. Compared to the prior quarter, income saw a staggering drop of -20.06% from $0.78 per share, and revenue deteriorated by -10.188% from $48.67 million. Net profits for the financial fourth quarter of 2023 also fell by -18.2% to $10.324 million, down from $12.621 million in the corresponding period a year before.
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First Western Financial Inc
First Western Financial Inc (NASDAQ: MYFW) has recorded a disappointing fiscal span ending December 31, 2023, reflecting significant declines in both revenue and earnings. The company reported a drastic decline of -48.776% in revenue, which plummeted to $13.92 million compared to the previous year. Additionally, MYFW recorded a substantial shortfall per share, falling to $-0.33 from $0.49 in the fourth quarter of 2022. The decline in revenue is evident when comparing it to the preceding quarter, where income per share dropped from $0.32 per share and revenue tumbled by -38.237% from $22.54 million. These figures indicate a concerning trend of decreasing revenue for First Western Financial Inc.
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Coastal Financial Corporation
Coastal Financial Corporation, a Regional Banks company, recently reported its financial results for the quarter ending December 31, 2023. While the company saw a slight increase in revenue of 1.461%, it also experienced a significant decrease in income of -26.98% compared to the same quarter a year prior. Despite the revenue gain, earnings per share (EPS) also fell to $0.65. The behavior of Coastal Financial Corporation, as a Regional Banks company, has come as a surprise to many industry analysts. While other companies in the Regional Banks sector saw an average reduction in business of -8.12%, Coastal Financial Corporation managed to achieve a revenue increase. However, this was not enough to offset the significant decline in income.
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Per Share |
Current |
Earnings (TTM) |
1.88 $ |
Revenues (TTM) |
5.94 $
|
Cash Flow (TTM) |
- |
Cash |
-
|
Book Value |
12.71 $
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Dividend (TTM) |
0.2 $ |
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Per Share |
|
Earnings (TTM) |
1.88 $
|
Revenues (TTM) |
5.94 $ |
Cash Flow (TTM) |
- |
Cash |
-
|
Book Value |
12.71 $ |
Dividend (TTM) |
0.2 $ |
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