NASDAQ$OSBC

Old Second Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Old Second reported second quarter net income, reflecting decrease in earnings from the first quarter of 2021 and the second quarter of 2020.

Old Second Bancorp, Inc. reported a net income of $8.8 million, or $0.30 per diluted share, for the second quarter of 2021. The results reflected a $3.5 million pre-tax release of provision for credit losses. Mortgage banking income totaled $1.6 million.

  • Net income was $8.8 million, or $0.30 per diluted share.
  • Net interest and dividend income was $22.0 million.
  • Recorded a $3.5 million release of provision expense.
  • Noninterest income was $7.9 million.

Headline financials

Total Revenue

$29.9M

Previous: $33.4M-10.6%
EPS (adj)

$0.30

Previous: $0.31-3.2%
Nonperforming Loans to Total Loans

1.2%

No prior period
Common Equity Tier 1 Capital Ratio

12.7%

Previous: 11.3%+12.5%
Tier 1 Risk-Based Capital Ratio

13.8%

Previous: 12.4%+11.6%
Total Risk-Based Capital Ratio

17.6%

Previous: 13.6%+29.1%
Tier 1 Leverage Ratio

9.7%

Previous: 10.1%-3.8%
Allowance for Credit Losses to Total Loans

1.5%

Previous: 1.5%+0.0%
Capital Expenditures

-$595K

Previous: -$1.54M+61.3%
Free Cash Flow

$8.23M

Previous: $7.7M+6.8%
Net Income

$8.82M

Previous: $9.24M-4.5%
Operating Income

-$621M

Previous: $26.5M-2439.5%
Gross Profit

$26.4M

Previous: $31.3M-15.7%
Cash & Equivalents

$593M

Previous: $257M+130.2%
Total Assets

$3.25B

Previous: $2.93B+10.9%
Stock-Based Comp

$497K

Previous: $585K-15.0%

Revenue & EPS history

Old Second · Revenue · Quarterly

$29.9M

Q2 2021-10.6%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

I am more optimistic on loan growth for the remainder of the year and believe reported margin trends are more symptomatic of the profound increase in liquidity on our balance sheet rather than any fundamental change in our business.

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 Q2 2021

Historical avgQ2 2021

-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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