Old Second Q2 FY26 net income rises to USD 28.2 million; net interest margin widens to 5.21% - OSBC News | RalliesOld Second Q2 FY26 net income rises to USD 28.2 million; net interest margin widens to 5.21%
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OSBC• Noninterest income and expense
- Noninterest income increased 21.7% to USD 13.3 million, helped by higher powersport and other consumer fee income.
- Noninterest expense rose 18% to USD 51.3 million, reflecting added employees and operating costs tied to the Bancorp Financial acquisition.
Q2 net income and revenue rise
- Old Second posted Q2 net income of USD 28.2 million, or USD 0.54 per diluted share, up from USD 21.8 million a year earlier.
- Net interest and dividend income climbed to USD 83.3 million from USD 64.2 million year over year.
- Net interest margin widened to 5.21%.
Credit costs and charge-offs increase
- Provision for credit losses rose to USD 7.5 million from USD 2.5 million, driven by USD 9.2 million of quarterly net charge-offs.
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