secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2023-04-19T23:59:59+00:00
Accession:  0000357173-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second Q1 net income $23.6M ($0.52/sh), NIM 4.74%; loan growth 3.5%; NPLs rise to 1.6%
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- Net income $23.6M, diluted EPS $0.52 (flat QoQ; up from $0.27 YoY). Adjusted EPS also $0.52.
- Net interest margin (TE) 4.74% (+11bps QoQ, +186bps YoY); net interest income $64.1M (+55.4% YoY).
- Total loans $4.00B (+3.5% QoQ); nonperforming loans $64.5M (1.6% of loans) vs $32.9M (0.9%) Q4 2022.
- Noninterest expense down 9.5% QoQ to $35.9M; efficiency ratio improved to 47.52% from 52.44%.
- Dividends declared $0.05/sh payable May 8; tangible common equity ratio improved to 6.83%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717323000018/0000357173-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717323000018/tmb-20230419x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer