Old Second Bancorp Q2 adjusted net income slightly misses estimates
OSBC•Drivers of the quarter
- Net interest income — Higher loan balances and improved yields drove an increase in net interest and dividend income.
- Credit quality — Provision for credit losses declined, though charge-offs were elevated due to two specific commercial relationships.
- Noninterest income — Growth in wealth management and card-related fees contributed to higher noninterest income.
Outlook and analyst coverage
The company said it is well-positioned to deliver better results in the last half of 2026.
The current average analyst rating on the shares is buy, with a breakdown of 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" recommendations.
The average consensus recommendation for the banks peer group is buy.
Wall Street's median 12-month price target for Old Second Bancorp, Inc. is $25.00, about 5.6% above its July 21 closing price of $23.68.
The stock recently traded at 11 times the next 12-month earnings versus a P/E of three months ago.
