Old Second Bancorp: Q1 Earnings Snapshot

AURORA, Ill. (AP) — AURORA, Ill. (AP) — Old Second Bancorp Inc. (OSBC) on Wednesday reported first-quarter profit of $21.3 million.

The Aurora, Illinois-based bank said it had earnings of 47 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The financial holding company posted revenue of $83.8 million in the period. Its revenue net of interest expense was $70.3 million, topping Street forecasts. Three analysts surveyed by Zacks expected $69.5 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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