Welcome to our dedicated page for Old Second Bancorp Ill news (Ticker: OSBC), a resource for investors and traders seeking the latest updates and insights on Old Second Bancorp Ill stock.
Old Second Bancorp Inc. reports developments tied to its role as the bank holding company for Old Second National Bank, a community banking institution serving consumer, commercial and wealth-management customers. Recurring updates cover net interest income, noninterest income, credit-loss provision, deposit and loan trends, capital ratios, cash dividends and the integration of acquired banking operations.
Company news also includes activity from O2 Sponsor Finance, a division of Old Second National Bank that provides cash-flow-based senior secured loans to lower middle market businesses. Those announcements commonly describe sponsor-backed acquisition and recapitalization financings, alongside Old Second's broader community banking results.
Old Second (NASDAQ:OSBC), through its O2 Sponsor Finance division, provided senior secured credit facilities to support Fort Point Capital’s recapitalization of Boston Green, a Freetown, MA-based environmental services provider.
Boston Green serves New England and Mid-Atlantic markets with waste transportation and disposal, industrial cleaning, maintenance, and emergency response services.
Old Second Bancorp (NASDAQ:OSBC) reported Q1 2026 net income of $25.6 million, or $0.48 per diluted share, and adjusted net income of $26.0 million ($0.49 adjusted diluted EPS).
Key metrics: tax-equivalent net interest margin of 5.14%, provision for credit losses of $9.5 million, noninterest income of $12.6 million, and noninterest expense of $50.2 million. The Board declared a $0.07 cash dividend payable May 11, 2026.
O2 Sponsor Finance (OSBC) provided a $30 million senior secured credit facility to support Borgman Capital's recapitalization of Gilman Cheese Corporation on March 31, 2026. Gilman Cheese, headquartered in Gilman, Wisconsin, is a developer and private labeler of premium clean‑label processed cheeses.
The financing is intended to position Gilman for its next phase of growth and to support the company's growth initiatives, with O2 Sponsor Finance stating it will continue to support execution of those initiatives.
Old Second Bancorp (NASDAQ:OSBC) reported Q4 2025 net income of $28.8 million, or $0.54 per diluted share, up $18.9 million from Q3 2025 and up $9.7 million year‑over‑year. Adjusted net income was $30.8 million, or $0.58 per diluted share. Net interest and dividend income was $83.1 million (up $21.5 million, +34.9% YoY). Provision for credit losses was $3.0 million in Q4 2025 versus $19.7 million in Q3 2025 (Q3 included a $13.2 million day‑two purchase accounting charge from the Bancorp Financial acquisition).
Total loans were $5.25 billion (including $1.19 billion acquired), total deposits were $5.60 billion, tangible book value per share rose to $14.12, and the company declared a $0.07 per share cash dividend payable Feb 9, 2026.
O2 Sponsor Finance (NASDAQ:OSBC) served as Administrative Agent and Co-Lead Arranger of senior secured credit facilities to support Paceline Equity Partners and Serata Capital Partners in their acquisition of EventLink Group on December 1, 2025.
EventLink, founded in 2009 and headquartered in Sterling Heights, Michigan, provides planning, execution and measurement of complex experiential events for enterprise clients across automotive, government, adult beverage, sports & entertainment and healthcare sectors. EventLink's management team remains in place and will continue to lead the business.
Old Second Bancorp (NASDAQ:OSBC) reported Q3 2025 net income of $9.9M or $0.18 diluted, down from $21.8M in Q2 2025 and $23.0M in Q3 2024. Results were significantly affected by the July 1, 2025 acquisition of Bancorp Financial.
Adjusted net income was $28.4M ($0.53/share) excluding acquisition-related day-two PCLs, transaction costs and other items. Key balance sheet moves: $1.19B of loans acquired, total assets $6.99B, deposits $5.76B, and tangible book value per share $13.51. The Board declared a $0.07 cash dividend payable Nov 10, 2025.
Old Second Bancorp (Nasdaq:OSBC) completed the systems and brand conversion of Evergreen Bank Group on October 20, 2025, marking the final step in the acquisition and full integration of Evergreen branches into Old Second National Bank.
All former Evergreen locations now operate under the Old Second name and are on Old Second systems, giving former Evergreen customers access to 55 Old Second branches across Chicagoland, unified online and mobile banking, and Old Second products and services.
Customers are directed to oldsecond.com/transition/ebg for details about the transition and available services.
O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), has announced the provision of senior secured credit facilities to support San Francisco Equity Partners (SFEP) in acquiring a majority stake in Formula Corp.
Founded in 1983, Formula Corp is a leading manufacturer of custom blended cleaning products, specializing in sustainable solutions and eco-friendly packaging. The company offers comprehensive services including R&D, formulation, blending, filling, packaging development, regulatory services, and fulfillment for both consumer and professional markets.
The company serves a diverse customer base including national retailers, consumer product brands, and professional cleaning companies, positioning itself as a key player in the sustainable cleaning products sector.
Old Second Bancorp (NASDAQ:OSBC) reported Q2 2025 net income of $21.8 million, or $0.48 per diluted share, compared to $19.8 million in Q1 2025 and $21.9 million in Q2 2024. Adjusted net income reached $22.8 million, or $0.50 per diluted share.
Key financial metrics include a net interest margin of 4.85%, return on average assets of 1.53%, and an efficiency ratio of 55.99%. Total assets stood at $5.7 billion, with total loans of $4.0 billion and deposits of $4.8 billion.
The company completed its acquisition of Bancorp Financial on July 1, 2025, adding $1.4 billion in assets. Asset quality remained strong with nonperforming loans at 0.8% of total loans. The Board declared a cash dividend of $0.06 per share, payable on August 4, 2025.
Old Second Bancorp (NASDAQ:OSBC) has completed its merger with Bancorp Financial, effective July 1, 2025. Under the merger terms, Bancorp Financial shareholders will receive 2.5814 shares of Old Second common stock and $15.93 in cash for each share of Bancorp Financial stock.
The merger includes the integration of Bancorp Financial's subsidiary Evergreen Bank Group into Old Second National Bank. On a proforma basis as of March 31, 2025, the combined entity boasts $6.98 billion in assets, $5.95 billion in deposits, and $5.09 billion in loans, operating across 56 locations in Chicago's downtown, west, and south suburban markets.
As part of the merger, Bancorp Financial's CEO Darin Campbell and CFO Jill Voss have joined Old Second's board of directors, with Campbell also joining Old Second National Bank's board.