Old Second Q1 net income $21.3M ($0.47 EPS); QoQ up from $0.40, YoY down from $0.52

OLD SECOND BANCORP INC

2024-Q1 EPS reported $0.47

Net income $21.3M, diluted EPS $0.47; adjusted EPS $0.47 (no adjustments). Q4: $18.2M, $0.40; Q1 2023: $23.6M, $0.52.
Net interest income $59.8M, down 2.4% QoQ and 6.7% YoY; NIM (GAAP) 4.55%.
Provision for credit losses $3.5M, down from $8.0M in Q4; nonperforming loans 1.6% of total loans ($65.1M).
Tangible book value $11.13, up 25% YoY; CET1 ratio 12.02% vs 9.91% year ago.
Dividend declared $0.05 per share, payable May 6, 2024 to holders of record April 26, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OLD SECOND BANCORP INC reported first quarter ended March 31, 2024 results: net income $21.3 million, EPS $0.47 per diluted share.

Period: first quarter ended March 31, 2024
Net income: $21.3 million
EPS: $0.47 per diluted share
Result: reported results

Exact text from the filing

Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share

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Source: SEC EDGAR

accession 0000357173-24-000027

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