Saturday 17 October 2026
Export OSBC’s income statement to Excel — free account
Old Second Bancorp, Inc.
OSBC Financial Banks Regional
Old Second Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $401.5 million, up 17.5% from fiscal 2024. In the quarter to June 2026, revenue grew 32.9%, EPS grew 12.2%, free cash flow fell 31.2% and total debt fell 17.4%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
24.88
0.03
+0.12%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 6.22 | 9.65 | 11.32 | 11.24 | 5.96 | 9.75 | 12.55 | 10.79 | 13.00 | 14.14 |
Analyst estimates 2026–2028 Powerpack |
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| High | 11.64 | 14.90 | 16.30 | 14.80 | 13.55 | 14.45 | 17.80 | 17.70 | 19.37 | 20.96 | |||||
| People | |||||||||||||||
| People | Employees | 467 | 450 | 518 | 535 | 533 | 891 | 819 | 834 | 850 | 1,062 | ||||
| Revenue/emp, $m | 0.22 | 0.26 | 0.27 | 0.28 | 0.27 | 0.16 | 0.32 | 0.39 | 0.40 | 0.38 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 102 | 118 | 139 | 151 | 142 | 144 | 260 | 326 | 342 | 402 | ||||
| Gross margin, % | 90.25 | 89.29 | 88.00 | 87.56 | 91.20 | 94.15 | 96.03 | 87.72 | 83.53 | 84.51 | |||||
| EBT | 25 | 34 | 44 | 52 | 37 | 28 | 92 | 124 | 113 | 108 | |||||
| EBT margin, % | 24.03 | 29.10 | 31.62 | 34.25 | 26.40 | 19.30 | 35.27 | 38.14 | 33.05 | 26.83 | |||||
| Net income | 16 | 15 | 34 | 39 | 28 | 20 | 67 | 92 | 85 | 80 | |||||
| Depreciation | 1 | 3 | 4 | 5 | 5 | 5 | 4 | 7 | 11 | 9 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 3.45 | 3.98 | 4.67 | 5.06 | 4.78 | 4.78 | 5.83 | 7.30 | 7.62 | 8.22 | ||||
| Earnings | 0.53 | 0.51 | 1.14 | 1.32 | 0.94 | 0.66 | 1.51 | 2.05 | 1.90 | 1.64 | |||||
| Cash flow | 0.92 | 1.25 | 1.85 | 1.76 | 0.88 | 1.03 | 2.19 | 2.61 | 2.93 | 2.50 | |||||
| Capex | (0.07) | (0.04) | (0.06) | (0.15) | (0.13) | (0.07) | 0.20 | (0.18) | (0.24) | (0.05) | |||||
| Free cash flow | 0.86 | 1.22 | 1.78 | 1.62 | 0.74 | 0.96 | 2.39 | 2.43 | 2.69 | 2.46 | |||||
| Book value | 5.93 | 6.77 | 7.71 | 9.30 | 10.37 | 16.62 | 10.36 | 12.93 | 14.97 | 18.35 | |||||
| Shares, m | 30 | 30 | 30 | 30 | 30 | 30 | 45 | 45 | 45 | 49 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 20.57 | 25.94 | 11.40 | 10.20 | 10.74 | 17.25 | 10.69 | 7.48 | 9.36 | 11.68 | ||||
| P/S | 3.16 | 3.45 | 2.78 | 2.66 | 2.11 | 2.63 | 2.77 | 2.10 | 2.33 | 2.37 | |||||
| P/B | 1.84 | 2.03 | 1.69 | 1.45 | 0.97 | 0.76 | 1.56 | 1.19 | 1.19 | 1.06 | |||||
| EV/Sales | 3.69 | 3.84 | 3.23 | 3.04 | 0.44 | (1.55) | 2.86 | 2.05 | 2.29 | 2.31 | |||||
| EV/FCF | 14.89 | 12.56 | 8.46 | 9.54 | 2.85 | (7.69) | 6.98 | 6.17 | 6.48 | 7.74 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 27 | 37 | 55 | 53 | 26 | 31 | 97 | 116 | 132 | 122 | ||||
| Capex | (2) | (1) | (2) | (4) | (4) | (2) | 9 | (8) | (11) | (2) | |||||
| Free cash flow | 25 | 36 | 53 | 48 | 22 | 29 | 106 | 109 | 121 | 120 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (448) | (408) | (377) | (259) | (261) | (1,383) | (1,297) | (902) | (787) | (527) | ||||
| Total debt | 102 | 102 | 117 | 109 | 94 | 149 | 139 | 85 | 85 | 100 | |||||
| Net debt | 54 | 46 | 62 | 58 | (236) | (604) | 23 | (15) | (14) | (24) | |||||
| Shareholders’ equity | 175 | 200 | 229 | 278 | 307 | 502 | 461 | 577 | 671 | 897 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 0.72 | 0.65 | 1.34 | 1.49 | 0.98 | 0.43 | 1.11 | 1.58 | 1.50 | 1.28 | ||||
| ROIC | 6.67 | 8.71 | 9.43 | 9.65 | 33.06 | 0.00 | 11.81 | 13.83 | 10.75 | 7.72 | |||||
| ROE | 9.47 | 8.06 | 15.84 | 15.57 | 9.51 | 4.95 | 14.00 | 17.67 | 13.66 | 10.24 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Old Second Bancorp, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TMP Tompkins Financial Corporation | $1.4B | 7.9× | 11.6× | +2.51% (above 0%: growing) | +36.42% (above 0%: growing) | −198.57% (below 0%: shrinking) | 73.16% | 0.00% | Compare |
| CTBI Community Trust Bancorp, Inc. | $1.4B | 12.5× | 11.1× | +6.97% (above 0%: growing) | +18.84% (above 0%: growing) | +217.37% (above 0%: growing) | 72.12% | 0.00% | Compare |
| PEBO Peoples Bancorp Inc. | $1.3B | 11.0× | 11.0× | −3.48% (below 0%: shrinking) | +31.67% (above 0%: growing) | +12.07% (above 0%: growing) | 76.44% | 0.00% | Compare |
| FMBH First Mid Bancshares, Inc. | $1.3B | 12.3× | 10.3× | +22.84% (above 0%: growing) | +7.14% (above 0%: growing) | +290.93% (above 0%: growing) | 75.49% | 0.00% | Compare |
| HBT HBT Financial, Inc. | $1.3B | 15.2× | 11.1× | +37.46% (above 0%: growing) | +26.23% (above 0%: growing) | +36.90% (above 0%: growing) | 80.56% | 0.00% | Compare |
| OSBC Old Second Bancorp, Inc. | $1.3B | 14.0× | 9.9× | +32.87% (above 0%: growing) | +12.24% (above 0%: growing) | −31.22% (below 0%: shrinking) | 84.39% | 0.00% | |
| PFBC Preferred Bank | $1.2B | 9.4× | 9.2× | +1.39% (above 0%: growing) | +10.55% (above 0%: growing) | −33.29% (below 0%: shrinking) | 58.34% | 0.00% | Compare |
| AMTB Amerant Bancorp Inc. | $1.1B | 20.7× | 12.7× | −9.98% (below 0%: shrinking) | −1.82% (below 0%: shrinking) | −30.03% (below 0%: shrinking) | 65.49% | 0.00% | Compare |
| UVSP Univest Corporation of Pennsylvania | $1.1B | 11.8× | 11.2× | −0.76% (below 0%: shrinking) | +20.29% (above 0%: growing) | +4.85% (above 0%: growing) | 66.82% | 0.00% | Compare |
| Median of peers | $1.3B | 12.1× | 11.1× | +1.95% | +19.57% | +8.46% | 72.64% | 0.00% |
Old Second Bancorp, Inc. (OSBC) key facts
- Concern: Net income was $80.3 million, or $1.64 per share (basic), a net margin of 20.0%.
- Strength: Old Second Bancorp, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $401.5 million, up 17.5% from fiscal 2024.
- Old Second Bancorp, Inc. (OSBC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- As of October 16, 2026, OSBC traded at $24.88, a market capitalization of $1.3 billion.
- At that price the stock trades at 14.0× trailing-twelve-month earnings and 2.8× sales; its P/E is higher than 61% of its own readings over the past ten years.
- Old Second Bancorp, Inc. pays an annual dividend of $0.28 per share, a yield of 1.13%, with a payout ratio of 16.1%.
- Return on equity was 10.2% and debt-to-equity 0.08.
- Its Piotroski F-score is 6 out of 9 for fiscal 2025.