Old Second Bancorp 3Q 2026: Net income $28.9M, EPS $0.56— 10-Q Summary

What happened

Old Second Bancorp reported third-quarter 2026 net income of $28.9M, compared with $9.9M a year earlier, and diluted earnings per share, or profit allocated to each share, of $0.56 versus $0.18. Net interest and dividend income rose 1.5% to $84M, while noninterest income was nearly unchanged at $13.1M.

Confirmed

Global impact / market context

The earnings increase was supported by lower credit-loss provisions and lower noninterest expenses, including no repeat of prior-year acquisition costs and a one-time credit provision. If those benefits fade, earnings growth could weaken; sustained deposit runoff and short-term borrowing could also affect funding costs.

Analyst inference

The article presents stronger quarterly profit alongside modest growth in net interest and dividend income and nearly flat noninterest income. It also notes nine-month growth in noninterest income, supported by wealth management and mortgage banking, while higher-cost acquired deposits continue to run off.

Confirmed

What to watch

1. Watch whether lower credit-loss provisions and expenses continue to support earnings, or whether their contribution fades as comparisons with the prior year change. Analyst inference
2. Track acquired-deposit runoff and management’s expectation that it will slow; the pace could influence the bank’s need for short-term borrowed money and funding costs. Confirmed
3. Follow credit quality and short-term borrowing, which management says it is monitoring; deterioration or continued borrowing reliance could pressure costs and the bank’s ability to fund lending. Confirmed

Evidence

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