NASDAQ$OSBC

Old Second Bancorp Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Old Second's net income decreased due to provision for credit losses and mark to market losses on mortgage servicing rights.

Old Second Bancorp reported a net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020. This was negatively impacted by additional provisions for credit losses and mark to market losses on mortgage servicing rights due to the COVID-19 pandemic.

  • Net income was $275,000, or $0.01 per diluted share.
  • Net interest and dividend income was $22.7 million.
  • Provision for credit losses was $8.0 million.
  • Noninterest income was $6.3 million.

Headline financials

Total Revenue

$29M

Previous: $30.5M-5.0%
EPS (adj)

$0.20

Previous: $0.28-28.6%
Efficiency Ratio

66.3%

No prior period
Allowance for Credit Losses to Total Loans

1.5%

No prior period
Capital Expenditures

-$887K

Previous: -$224K-296.0%
Free Cash Flow

-$612K

Previous: $8.24M-107.4%
Net Income

$275K

Previous: $8.47M-96.8%
Operating Income

$14.9M

Previous: $25.3M-41.0%
Gross Profit

$21M

Previous: $30.5M-31.2%
Cash & Equivalents

$73.1M

Previous: $40.3M+81.3%
Total Assets

$2.66B

Previous: $2.62B+1.3%
Stock-Based Comp

$729K

Previous: $573K+27.2%

Revenue & EPS history

Old Second · Revenue · Quarterly

$29M

Q1 2020-5%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

Old Second has taken a number of steps to protect our employees, customers and communities.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

-0.1%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+3.5%

Avg return

30 days after

46%

29 / 63 earnings

Positive

+7.8%

Q3 2024

Best reaction

-6.3%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.3%-1.4%-0.6%
Q4 2025-1.1%-7.7%-4.2%
Q3 2025-0.3%+3.7%+3.2%
Q2 2025-2.2%-1.2%+2.7%
Q1 2025+0.9%+4.4%+6.1%
Q3 2024+7.8%+3.5%+16.8%
Q2 2024-1.3%-0.3%-4.0%
Q1 2024+3.2%+8.9%+12.1%
Q3 2023+0.4%-1.1%+7.1%
Q2 2023+5.6%+8.7%+2.6%
Q1 2023-0.1%-3.5%-10.3%
Q4 2022+6.6%+9.6%+10.7%
Q3 2022+2.2%+7.8%+17.7%
Q2 2022-2.1%-1.7%-3.0%
Q1 2022+2.2%+3.9%+9.3%
Q4 2021+0.9%+0.9%+0.1%
Q3 2021+2.3%+4.3%+1.4%
Q2 2021-3.5%-4.9%-4.4%
Q1 2021+2.2%+7.1%+12.1%
Q4 2020-4.8%-0.7%+15.9%
Q3 2020+6.0%+8.4%+11.0%
Q2 2020+7.8%+3.0%+2.4%
Q1 2020-4.5%+6.4%+2.0%
Q4 2019-1.1%-3.7%-2.9%
Q3 2019-1.0%+0.2%+0.3%
Q2 2019+4.2%+4.1%-7.6%
Q1 2019-5.5%-2.8%-6.2%
Q4 2018-2.5%+3.0%+7.0%
Q3 2018-1.6%+0.1%+3.6%
Q2 2018+3.3%+1.0%+3.3%
Q1 2018-0.4%+0.4%+6.0%
Q4 2017-0.7%-1.0%-3.1%
Q3 2017+4.6%+5.7%-3.8%
Q2 2017+1.7%+1.7%-1.7%
Q1 2017+0.8%-0.8%-0.8%
Q4 2016+4.4%+3.9%+5.3%
Q3 2016-3.7%-0.6%+14.9%
Q2 2016+0.7%+4.9%+10.4%
Q1 2016-2.0%
Q4 2015+0.0%
Q3 2015+0.2%
Q2 2015-3.1%
Q1 2015+2.8%
Q4 2014+2.7%
Q3 2014-5.2%
Q2 2014-1.5%
Q1 2014+0.4%
Q4 2013-0.4%
Q3 2013-2.8%
Q2 2013-4.1%
Q1 2013-3.2%
Q4 2012+1.2%
Q3 2012+0.0%
Q2 2012+0.7%
Q1 2011-4.7%
Q1 2012+2.2%
Q4 2010+3.2%
Q4 2011+3.2%
Q3 2011-6.3%
Q3 2010-6.3%
Q2 2011-2.5%
Q2 2010-2.5%
Q1 2010-2.4%

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