secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K/A
Filed at:   2025-09-17T23:59:59+00:00
Accession:  0000357173-25-000082
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second closes Bancorp Financial buy; pro forma H1 2025 diluted EPS $0.43
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- Total purchase consideration ~$189.4M: $140.5M in OSBC stock (7.9M shares at $17.74) plus $48.9M cash.
- Pro forma combined assets $7.09B; net income $22.9M for H1 2025; diluted EPS $0.43 vs OSBC standalone $0.91.
- Preliminary goodwill $33.7M and core deposit intangible $6.2M recorded from purchase accounting.
- Bancorp Financial stockholders got $15.93 cash and 2.5814 OSBC shares per share held.
- Pro forma includes $18.4M day-two provision for credit losses on acquired non-PCD loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000082/0000357173-25-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000082/tmb-20250701x8ka.htm
  HTML page:      https://secwatch.observer/filing/0000357173-25-000082

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