Stock Analysis
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- NasdaqGS:OSBC
Old Second Bancorp First Quarter 2024 Earnings: EPS Beats Expectations
Old Second Bancorp (NASDAQ:OSBC) First Quarter 2024 Results
Key Financial Results
- Revenue: US$66.8m (down 1.7% from 1Q 2023).
- Net income: US$21.3m (down 9.7% from 1Q 2023).
- Profit margin: 32% (down from 35% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
- EPS: US$0.48 (down from US$0.53 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Old Second Bancorp EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%.
Looking ahead, revenue is expected to decline by 5.5% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 5.8%.
Performance of the American Banks industry.
The company's shares are up 2.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Old Second Bancorp that you should be aware of.
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About NasdaqGS:OSBC
Old Second Bancorp
Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides community banking services.
Very undervalued with excellent balance sheet.