Old Second Bancorp
Runs a community banking franchise across northern Illinois with lending, deposits, and wealth services.
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Profile
Offers deposit accounts, commercial and consumer lending, trust and wealth services, digital banking, and corporate cash management through Old Second National Bank. The business is concentrated in northern Illinois, with Community Banking as its only reportable segment and a loan book shaped by commercial real estate and powersport exposure.
Community Banking is the only reportable segment, built around Old Second National Bank's deposit accounts, commercial, residential, and consumer lending, trust and wealth management, online and mobile banking, and corporate cash management. The franchise is concentrated in northern Illinois, including the Chicago-area counties added through recent branch and bank acquisitions.
Recent expansion came through the West Suburban merger, First Merchants branch purchase, and Bancorp Financial/Evergreen acquisition. That enlarged the branch network and added specialty powersport lending while keeping the company centered on community banking rather than a national footprint.
Operating results depend on deposit funding, lending spreads, credit quality in commercial real estate, and integration of acquired portfolios. Recent credit disclosures pointed to pressure from a downtown Chicago office credit and another commercial relationship.
Company facts
Categories
Key statistics
Year to date +29.6% · Average volume (30d) 422.7K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | Piper Sandler | Reiterate | Overweight | $26 | $30 | |
| Jul 7, 2026 | Raymond James | Initiate | Outperform | $17 | $26 | |
| Jun 26, 2026 | Piper Sandler | Reiterate | Overweight | $25 | $26 | |
| Apr 27, 2026 | Piper Sandler | Reiterate | Overweight | $23 | $25 | |
| Mar 27, 2026 | Stephens | Target | $20 | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $0.55 | $0.55 | +0.9% | $94.9M | $96.6M | +1.8% | +0.43% |
| Apr 22, 2026Q1 FY26 | $0.52 | $0.49 | −5.8% | $93.2M | $93.8M | +0.6% | −6.41% |
| Jan 21, 2026Q4 FY25 | $0.53 | $0.58 | +9.4% | $94.9M | $95.2M | +0.3% | −0.98% |
| Oct 22, 2025Q3 FY25 | $0.26 | $0.53 | +105.2% | $82.9M | $94.2M | +13.6% | −0.50% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $82.4M | $84.6M | $115.5M | $114.5M | $111.2M | $88.8M | |
| Gross profit | $69.3M | $71.1M | $74.5M | $95.2M | $84.5M | $88.8M | |
| Operating income | $26.2M | $29.2M | $13.1M | $42.3M | $34.1M | $37.8M | |
| Net income | $19.8M | $21.8M | $9.9M | $28.8M | $25.6M | $28.2M | |
| Diluted EPS | $0.43 | $0.48 | $0.18 | $0.54 | $0.48 | $0.54 | |
| Gross margin | 84.1% | 84.0% | 64.5% | 83.2% | 76.0% | 100.0% | |
| Operating margin | 31.8% | 34.5% | 11.3% | 36.9% | 30.6% | 42.6% |
Fiscal years (4-quarter sums)FY21 $141.9M · FY22 $255.2M · FY23 $321.0M · FY24 $336.2M · FY25 $397.0M
Balance sheet, Jun 30, 2026Cash & short-term investments $46.7M · Total debt $468.7M · Total assets $6.85B · Shareholders' equity $902.8M
Dividends
Raised for 9 straight years — most recently to $0.07 from $0.06 in Oct 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 31, 2026 | Jul 31 | Aug 10 | $0.07 | |
| May 1, 2026 | May 1 | May 11 | $0.07 | |
| Jan 30, 2026 | Jan 30 | Feb 9 | $0.07 | |
| Oct 31, 2025 | Oct 31 | Nov 10 | $0.07 | raised from $0.06 |
| Jul 25, 2025 | Jul 25 | Aug 4 | $0.06 | |
| Apr 25, 2025 | Apr 25 | May 5 | $0.06 | |
| Jan 31, 2025 | Jan 31 | Feb 10 | $0.06 | |
| Oct 25, 2024 | Oct 25 | Nov 4 | $0.06 | raised from $0.05 |
Ownership
Shares outstanding 51.43M · Float 40.85M · 79.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.30M | 8.36% | 13F | Aug 7, 2026 |
| Dimensional Fund Advisors LP | 2.50M | 4.86% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 2.18M | 4.24% | 13F | Aug 13, 2026 |
| State Street Corp | 1.84M | 3.58% | 13F | Aug 7, 2026 |
| Davis Asset Management, L.P. | 1.80M | 3.50% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 12, 2026 | James Eccher | director, officer: CHAIRMAN AND CEO | −19,313 | $25.61 |
| Aug 11, 2026 | James Eccher | director, officer: CHAIRMAN AND CEO | −55,687 | $25.46 |
| May 22, 2026 | Gary S. Collins | director, officer: VICE CHAIRMAN | −5,120 | $21.12 |
| May 21, 2026 | Gary S. Collins | director, officer: VICE CHAIRMAN | −10,000 | $21.12 |
| May 11, 2026 | Billy J. Jr. Lyons | director | +24 | $20.90 |
Peers
- Wintrust Financial
Chicago-scale rival across deposits, CRE, wealth, and mortgage
- Byline Bancorp
Chicago commercial-bank overlap in deposits, CRE, SBA, and wealth
- First Busey
Illinois/Midwest bank rival in commercial, CRE, wealth, payments
- Old National Bancorp
Large Midwest regional rival for commercial, treasury, and wealth
- Associated Banc-Corp
Upper-Midwest regional rival in C&I, CRE, deposits, and wealth
- First Mid Bancshares
Illinois community-bank peer in CRE, deposits, wealth, and insurance
- Midland States Bancorp
Illinois community-bank peer in deposits, CRE, wealth, and cards
- Truist Financial
Specialty powersport-finance rival through Sheffield Financial
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Old Second Bancorp | $25.24 | −0.04% | $1.30B | 14.5 | 10.8 | 3.0 | +31.2% |
| Wintrust Financial | $161.72 | +5.73% | $10.32B | 12.1 | 11.6 | 2.4 | +10.1% |
| Byline Bancorp | $38.30 | −0.10% | $1.74B | 11.6 | 11.6 | 2.7 | +7.4% |
| First Busey | $30.29 | 0.00% | $2.56B | 10.9 | 11.4 | 2.7 | −1.9% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| Associated Banc-Corp | $30.92 | −0.00% | $5.84B | 10.8 | 9.9 | 2.3 | +29.1% |
| First Mid Bancshares | $50.34 | +0.06% | $1.34B | 12.5 | 10.5 | 2.9 | +26.7% |
| Midland States Bancorp | $33.00 | +0.09% | $684.8M | 20.6 | 9.7 | 1.5 | −38.7% |
| Truist Financial | $53.13 | +5.37% | $62.83B | 12.0 | 10.6 | 2.1 | +6.5% |
| Median | 11.8 | 10.6 | 2.4 | +8.8% |