secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0000357173-24-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000027/0000357173-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717324000027/tmb-20240417x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-24-000027

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