Old Second Bancorp Reports Q4 Earnings
AURORA, Ill. (AP) - Old Second Bancorp Inc. (OSBC) announced a fourth-quarter profit of $19.1 million on Wednesday. Earnings per share for the Aurora, Illinois-based bank reached 42 cents. After adjusting for non-recurring costs, earnings rose to 44 cents per share.
The results missed Wall Street expectations. Analysts polled by Zacks Investment Research had predicted earnings of 49 cents per share. In the same period, the financial holding company generated $86.9 million in revenue. Net of interest expense, revenue amounted to $73.2 million, beating market estimates.
For the full year, the company reported a profit of $85.3 million ($1.87 per share) on revenue of $285.5 million.
This article was written by Automated Insights using data from Zacks Investment Research.