Old Second Bancorp: Q1 Earnings Snapshot

AURORA, Ill. (AP) — AURORA, Ill. (AP) — Old Second Bancorp Inc. (OSBC) on Wednesday reported first-quarter net income of $23.6 million.

The bank, based in Aurora, Illinois, said it had earnings of 52 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The financial holding company posted revenue of $77.5 million in the period. Its revenue net of interest expense was $71.4 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $74.4 million.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSBC at https://www.zacks.com/ap/OSBC

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