Old Second Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022
January 25, 2023 at 04:16 pm EST
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Old Second Bancorp, Inc. reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported net interest income was USD 64.09 million compared to USD 28.6 million a year ago. Net income was USD 23.62 million compared to net loss of USD 9.07 million a year ago.
Basic earnings per share from continuing operations was USD 0.53 compared to basic loss per share from continuing operations of USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 0.52.
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. 
