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AURORA, IL / ACCESSWIRE / April 21, 2021 / Old Second Bancorp, Inc. (the Company, we, us, and our ) (NASDAQ:OSBC), the parent company of Old Second National Bank (the Bank ), today announced financial results for the first quarter of 2021. Our net income was $11.9 million, or $0.40 per diluted share, for the first quarter of 2021, compared to net income of $8.0 million, or $0.27 per diluted share, for the fourth quarter of 2020, and net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020. Net income for the first quarter of 2021 reflects a reversal of provision for credit losses of $3.0 million pre-tax, compared to no provision expense recorded in the fourth quarter of 2020, and an $8.0 million pre-tax provision recorded in the first quarter of 2020. Mortgage banking income totaled $5.7 million in the first quarter of 2021, which reflected a $2.7 million increase from the fourth quarter of 2020, and a $4.9 million increase from the first quarter
Sturgis Bancorp, Inc Announces Completion of Subordinated Notes Offering bostonstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bostonstar.com Daily Mail and Mail on Sunday newspapers.
WSFS Financial Corporation Announces Closing of Senior Notes Offering Historically low initial coupon of 2.75% by a Kroll only rated senior debt
December 08, 2020 16:05 ET | Source: WSFS Financial Corporation WSFS Financial Corporation Wilmington, Delaware, UNITED STATES
WILMINGTON, Del., Dec. 08, 2020 (GLOBE NEWSWIRE) WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, today announced that it has closed the public offering of $150 million aggregate principal amount of Fixed-to-Floating Rate Senior Notes due 2030 (the “Notes”), which was priced on December 3, 2020. The initial fixed interest rate of 2.75% is the lowest coupon obtained by a Kroll only rated senior debt issuance.
The Notes will bear interest from and including December 8, 2020 to but excluding December 15, 2025, at a fixed rate of 2.75% per annum, payable semi-annually in arrears. From December 15, 2025 to but excludin