NASDAQ$OSBC
Old Second Bancorp Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Old Second reported net income of $23.6 million for Q4 2022
Old Second Bancorp, Inc. reported a net income of $23.6 million, or $0.52 per diluted share, for the fourth quarter of 2022. The increase in net income was primarily due to net interest and dividend income of $64.1 million.
- Fourth quarter 2022 net income was $23.6 million, reflecting an increase in earnings of $4.1 million from the third quarter 2022, and an increase of $32.7 million from the fourth quarter of 2021.
- Net interest and dividend income was $64.1 million for the fourth quarter of 2022, an increase of $8.5 million, or 15.3%, from the third quarter of 2022, and an increase of $35.5 million, or 124.1%, from fourth quarter of 2021.
- Noninterest income was $8.9 million for the fourth quarter of 2022, a decrease of $2.6 million, or 22.2%, compared to $11.5 million for the third quarter of 2022, and a decrease of $1.8 million, or 16.4%, compared to $10.7 million for the fourth quarter of 2021.
- Noninterest expense was $39.7 million for the fourth quarter of 2022, an increase of $3.7 million, or 10.3% compared to $36.0 million for the third quarter of 2022, and an increase of $1.2 million, or 3.0%, compared to $38.5 million for the fourth quarter of 2021.
Headline financials
Revenue & EPS history
Old Second · Revenue · Quarterly
$73M
Forward guidance
Old Second's focus for the upcoming year is squarely on customer acquisition and capitalizing on growth opportunities in its markets while making the investments to manage risk and provide quality service and customer experience.
Tailwinds
- Asset repricing should continue in the coming quarters which will allow for additional improvement in core trends.
- Deposit repricing is expected to remain excellent but will be modestly higher in the near future as we respond to competitors and take the necessary steps to protect our greatest strength.
- Continuing strong results should allow us to compound book value and continue to quickly build capital back to our targeted levels following our acquisition late last year.
- Believe we have excellent momentum for the future.
- Excited for the opportunities ahead of us and believe we have the resources and momentum to focus on growth and building a better Old Second for our stockholders, communities and customers.
Headwinds
- Monitoring trends both within the portfolio and more broadly.
- Deposit repricing is expected to remain excellent but will be modestly higher in the near future as we respond to competitors and take the necessary steps to protect our greatest strength.
- Rising market interest rates in 2022.
- Decline in the volume of mortgages being originated due to rising market interest rates in 2022.
- Changes in the interest rate environment impact the portfolio at varying intervals depending on the repricing timeline of loans, as well as the securities maturity and purchase activity.
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 Q4 2022
-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
| Quarter | Report date | Reaction (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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