Old Second Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 04:49 pm EST
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Old Second Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 23.877 million compared to USD 23.189 million a year ago. Net income was USD 8.047 million compared to USD 9.536 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.31 a year ago. For the full year, net interest income was USD 91.751 million compared to USD 96.759 million a year ago. Net income was USD 27.825 million compared to USD 39.455 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.32 a year ago. Diluted earnings per share from continuing operations was USD 0.92 compared to USD 1.3 a year ago.
Old Second Bancorp, Inc. serves as the bank holding company for its wholly owned subsidiary bank, Old Second National Bank (the Bank). The Bank is a full-service banking business offering a range of deposit products, trust and wealth management services, lending services, and deposit services, including demand, NOW, money market, savings, time deposit and individual retirement accounts. It also offers commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking, and safe deposit operations. It provides variety of additional services to the needs of individual customers, such as the money orders, cashiersâ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. It also provides complement of electronic banking services such as online and mobile banking and corporate cash management products.
OLD SECOND BANCORP, INC. 
