Old Second Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2018
January 23, 2019 at 09:02 pm
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Old Second Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company’s total interest and dividend income was $29,038,000 against $22,664,000 a year ago. Net interest and dividend income was $24,340,000 against $19,386,000 a year ago. Net income available to common stockholders was $8,620,000 against loss of $2,512,000 a year ago. Diluted earnings per share were $0.28 against loss per share of $0.08 a year ago. Basic earnings per share were $0.29 against loss per share of $0.08 a year ago.
For the year, the company’s total interest and dividend income was $107,617,000 against $87,505,000 a year ago. Net interest and dividend income was $90,939,000 against $74,879,000 a year ago. Net income available to common stockholders was $34,012,000 against $15,138,000 a year ago. Diluted earnings per share were $1.12 against $0.50 a year ago. Basic earnings per share were $1.14 against $0.51 a year ago.
Old Second Bancorp, Inc. serves as the bank holding company for its wholly owned subsidiary bank, Old Second National Bank (the Bank). The Bank is a full-service banking business offering a range of deposit products, trust and wealth management services, lending services, and deposit services, including demand, NOW, money market, savings, time deposit and individual retirement accounts. It also offers commercial, industrial, consumer and real estate lending, including installment loans, agricultural loans, lines of credit, lease financing receivables and overdraft checking, and safe deposit operations. It provides variety of additional services to the needs of individual customers, such as the money orders, cashiersâ checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. It also provides complement of electronic banking services such as online and mobile banking and corporate cash management products.
OLD SECOND BANCORP, INC. 
