AP NEWS

Old Second Bancorp: 3Q Earnings Snapshot

October 23, 2019

AURORA, Ill. (AP) _ Old Second Bancorp Inc. (OSBC) on Wednesday reported third-quarter net income of $12.2 million.

The bank, based in Aurora, Illinois, said it had earnings of 40 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The financial holding company posted revenue of $41.4 million in the period. Its revenue net of interest expense was $36.7 million, also exceeding Street forecasts.

Old Second Bancorp shares have fallen 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.59, a decline of 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSBC at https://www.zacks.com/ap/OSBC