Old Second Bancorp: Q1 Earnings Snapshot
April 21, 2021 GMT
AURORA, Ill. (AP) Old Second Bancorp Inc. (OSBC) on Wednesday reported first-quarter net income of $11.9 million.
The bank, based in Aurora, Illinois, said it had earnings of 40 cents per share. Earnings, adjusted for non-recurring gains, were 29 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The financial holding company posted revenue of $36.7 million in the period. Its revenue net of interest expense was $34.8 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $32.2 million.
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