Old Second Bancorp Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St · 10/18 10:58

Old Second Bancorp (NASDAQ:OSBC) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$69.2m (down 1.1% from 3Q 2023).
  • Net income: US$23.0m (down 5.7% from 3Q 2023).
  • Profit margin: 33% (down from 35% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
  • EPS: US$0.51 (down from US$0.55 in 3Q 2023).
earnings-and-revenue-growth
NasdaqGS:OSBC Earnings and Revenue Growth October 18th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Old Second Bancorp EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%.

Looking ahead, revenue is expected to decline by 3.8% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.6%.

Performance of the American Banks industry.

The company's shares are up 12% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Old Second Bancorp, and understanding it should be part of your investment process.