OSBC

MKT CAP:$1B

Old Second Bancorp, Inc.

Market Cap

$1B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$19.85+$0.37 (+1.90%)

Apr 23, 2026

Company Details

Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services. It provides demand, NOW, money market, savings, time deposit, individual retirement, and checking accounts,...

CEO

James L. Eccher

IPO Date

Nov 16, 1993

Website

www.oldsecond.com

Key Metrics TTM

Revenue

$413M

+22.9% YoY

Net Income

$86M

EPS (Diluted)

$1.68

Free Cash Flow

$119M

Revenue / Share

$7.72

Gross Margin

58.3%

Operating Margin

28.7%

Net Margin

20.8%

FCF Margin

28.9%

P/S

2.5x

P/E

12.2x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$98M+19.4%EPS $0.48

FY 2025

Feb 26, 2026

$397M+18.1%EPS $1.62

Q4 2025

Feb 26, 2026

$114M+34.0%EPS $0.54

Q3 2025

Nov 6, 2025

$115M+35.5%EPS $0.18

Q2 2025

Aug 7, 2025

$85M+2.0%EPS $0.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$56M	$53M	$17M
Q3 22	$68M	$61M	$27M
Q4 22	$75M	$70M	$32M
Q1 23	$76M	$67M	$32M
Q2 23	$81M	$69M	$35M
Q3 23	$83M	$69M	$32M
Q4 23	$81M	$61M	$25M
Q1 24	$83M	$66M	$29M
Q2 24	$83M	$66M	$29M
Q3 24	$85M	$68M	$30M
Q4 24	$85M	$68M	$25M
Q1 25	$82M	$69M	$26M
Q2 25	$85M	$71M	$29M
Q3 25	$115M	$75M	$13M
Q4 25	$114M	$95M	$42M
Q1 26	$98M	$0	$34M

Valuation

Quarter	P/S	P/E
Q2 22	5.6x	44.4x
Q3 22	4.8x	30.2x
Q4 22	4.1x	15.6x
Q1 23	3.8x	13.3x
Q2 23	3.5x	11.4x
Q3 23	3.3x	10.8x
Q4 23	3.3x	11.4x
Q1 24	3.2x	11.7x
Q2 24	3.2x	12.2x
Q3 24	3.2x	12.4x
Q4 24	3.1x	12.3x
Q1 25	3.1x	12.5x
Q2 25	3.1x	12.5x
Q3 25	2.9x	14.9x
Q4 25	2.6x	13.1x
Q1 26	2.5x	12.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$494.0K	$7.0K
Q2 22	$27M	$26M
Q3 22	$33M	$32M
Q4 22	$37M	$36M
Q1 23	$35M	$33M
Q2 23	-$29M	-$31M
Q3 23	$82M	$77M
Q4 23	$29M	$25M
Q1 24	$47M	$44M
Q2 24	$12M	$9M
Q3 24	$48M	$46M
Q4 24	$24M	$22M
Q1 25	$18M	$16M
Q2 25	$24M	$26M
Q3 25	$36M	$35M
Q4 25	$44M	$43M

Capital Expenditures

Quarter	CapEx
Q1 22	$487.0K
Q2 22	$1M
Q3 22	$1M
Q4 22	$2M
Q1 23	$2M
Q2 23	$1M
Q3 23	$5M
Q4 23	$4M
Q1 24	$3M
Q2 24	$3M
Q3 24	$2M
Q4 24	$2M
Q1 25	$2M
Q2 25	$2M
Q3 25	$1M
Q4 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+76.4%	+99.2%
Q3 22	+103.3%	+87.3%
Q4 22	+84.5%	-16.9%
Q1 23	+35.6%	+11.2%
Q2 23	+45.6%	+18.1%
Q3 23	+21.6%	+21.2%
Q4 23	+7.6%	+29.0%
Q1 24	+8.2%	+22.0%
Q2 24	+2.6%	+17.3%
Q3 24	+2.9%	+10.1%
Q4 24	+5.3%	+6.9%
Q1 25	-0.2%	+4.0%
Q2 25	+2.0%	+3.0%
Q3 25	+35.5%	+85.0%
Q4 25	+34.0%	+20.3%
Q1 26	+19.4%	+14.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$747.0K	1.3%
Q2 22	$722.0K	1.3%
Q3 22	$707.0K	1.0%
Q4 22	$784.0K	1.0%
Q1 23	$932.0K	1.2%
Q2 23	$842.0K	1.0%
Q3 23	$935.0K	1.1%
Q4 23	$894.0K	1.1%
Q1 24	$1M	1.4%
Q2 24	$950.0K	1.1%
Q3 24	$978.0K	1.1%
Q4 24	$829.0K	1.0%
Q1 25	$1M	1.7%
Q2 25	$1M	1.4%
Q3 25	$2M	1.3%
Q4 25	$1M	1.3%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$22M	$194.0K
Q3 22	$22M	$83.0K
Q4 22	$28M	$130.0K
Q1 23	$23M	$142.0K
Q2 23	$23M	$103.0K
Q3 23	$24M	$93.0K
Q4 23	$22M	$383.0K
Q1 24	$25M	$192.0K
Q2 24	$24M	$472.0K
Q3 24	$26M	$299.0K
Q4 24	$27M	$280.0K
Q1 25	$28M	$167.0K
Q2 25	$28M	$320.0K
Q3 25	$41M	$545.0K
Q4 25	$31M	$299.0K
Q1 26	$1M	$551.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$281M	$1.7B	$2.0B
Q3 22	$116M	$1.6B	$1.7B
Q4 22	$115M	$1.5B	$1.7B
Q1 23	$103M	$1.5B	$1.6B
Q2 23	$113M	$1.3B	$1.4B
Q3 23	$109M	$1.2B	$1.3B
Q4 23	$100M	$1.2B	$1.3B
Q1 24	$98M	$1.2B	$1.3B
Q2 24	$121M	$1.2B	$1.3B
Q3 24	$116M	$1.2B	$1.3B
Q4 24	$99M	$1.2B	$1.3B
Q1 25	$256M	$801M	$1.1B
Q2 25	$142M	$1.2B	$1.3B
Q3 25	$117M	$822M	$939M
Q4 25	$124M	$72M	$196M
Q1 26	$48M	$1.1B	$1.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	45M	+0.2%	+54.1%
Q3 22	45M	-0.1%	+54.7%
Q4 22	45M	+0.0%	+31.0%
Q1 23	45M	+0.2%	+0.3%
Q2 23	45M	+0.2%	+0.4%
Q3 23	45M	-1.6%	-1.2%
Q4 23	45M	+1.6%	+0.4%
Q1 24	46M	+0.3%	+0.5%
Q2 24	46M	+0.3%	+0.6%
Q3 24	46M	-0.0%	+2.2%
Q4 24	46M	-0.0%	+0.6%
Q1 25	46M	+0.1%	+0.4%
Q2 25	46M	0.0%	+0.1%
Q3 25	54M	+17.0%	+17.1%
Q4 25	53M	-0.1%	+17.1%
Q1 26	53M	0.0%	+17.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$62.3K	891
Q3 22	$76.4K	891
Q4 22	$92.0K	819
Q1 23	$93.2K	819
Q2 23	$98.8K	819
Q3 23	$101.0K	819
Q4 23	$97.2K	834
Q1 24	$99.0K	834
Q2 24	$99.6K	834
Q3 24	$102.2K	834
Q4 24	$97.4K	877
Q1 25	$93.9K	877
Q2 25	$96.5K	877
Q3 25	$131.7K	877
Q4 25	$107.8K	1K
Q1 26	$92.6K	1K

Revenue / Employee