OSBC reports $0.54 GAAP EPS missing estimates by a penny while revenue surges to $96.59M, beating forecasts by $14.59M.
Old Second Bancorp posted second-quarter GAAP earnings per share of $0.54, missing analyst expectations by $0.01. Revenue reached $96.59 million, a 28.6% year-over-year increase, surpassing estimates by $14.59 million.
Net interest and dividend income climbed to $83.3 million, up $2.2 million or 2.69% from the prior period. The revenue beat contrasts with the earnings miss, highlighting mixed performance in the quarter.
The company did not disclose immediate market reactions in the release.