Old Second Bancorp, Inc. (NASDAQ:OSBC) Q1 2023 Earnings Conference Call April 20, 2023 11:00 AM ET Company Participants Jim Eccher - Chairman, President, & CEO Brad Adams - CFO Gary Collins - Vice Chairman Conference Call Participants Nathan Race - Piper Sandler Terry McEvoy - Stephens Nick Moutafakis - KBW Brian Martin - Janney Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc.'s First Quarter 2023 Earnings Call. On the call today is Jim Eccher, the Company's C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-10537 (Exact name of registrant as specified in its charter) Delaware 36-3143493 (State of or other jurisdiction of incorporat ...

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q4 2022 Earnings Conference Call January 26, 2023 11:00 AM ET Company Representatives Jim Eccher - Chief Executive Officer Brad Adams - Chief Financial Officer Gary Collins - Vice Chairman of the Board Conference Call Participants Jeff Rulis - D.A. Davidson Chris McGratty - KBW David Long - Raymond James Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc.'s Fourth Quarter 2022 Earnings Call. On the call today is Jim Eccher, ...

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q3 2022 Earnings Conference Call October 27, 2022 11:00 AM ET Company Participants James Eccher - CEO Brad Adams - CFO Gary Collins - Vice Chairman Conference Call Participants David Long - Raymond James Chris McGratty - KBW Manuel Navas - D.A. Davidson Nathan Race - Piper Sandler Operator Good morning, everyone, and thank you for joining us today for Old Second Bancorp, Inc.'s Third Quarter 2022 Earnings Call. On the call today is Jim Eccher, the company's CEO; Gary C ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 000-10537 (Exact name of Registrant as specified in its charter) of incorporation or organization) Delaware 36-3143493 (State or o ...

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q2 2022 Earnings Conference Call July 28, 2022 11:00 AM ET Company Participants Jim Eccher - Chief Executive Officer Brad Adams - Chief Financial Officer Gary Collins - Vice Chairman of the Board Conference Call Participants David Long - Raymond James Nathan Race - Piper Sandler Christopher McGratty - Keefe, Bruyette, & Woods Manuel Navas - D.A. Davidson Brian Martin - Janney Montgomery Scott LLC Operator Good morning, everyone, and thank you for joining us today fo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 000-10537 (Exact name of Registrant as specified in its charter) of incorporation or organization) Indicate by check mark whether ...

Financial Data and Key Metrics Changes - Net income for Q1 2022 was $12 million or $0.27 per diluted share, adjusted net income excluding acquisition costs was $16.1 million or $0.36 per share [6] - Return on assets was 1.05%, return on tangible common equity was 16.97%, and the efficiency ratio was 61.38% [6] - Net interest income increased by $12.6 million from the previous quarter and $17.7 million from the same quarter last year [18] Business Line Data and Key Metrics Changes - Loan growth within legacy Old Second totaled $82 million in Q1 2022, with strong early indications for Q2 [11] - Over $300 million in loan originations occurred in Q1 2022, with a two-year average of $500 million in annual originations [8][11] - Noninterest income increased by $1.5 million due to MSR market gains and other service charges [25] Market Data and Key Metrics Changes - Nonperforming loans decreased by $6.7 million compared to the prior quarter, with total classified loans down by $8.1 million to $66.6 million [13][14] - The allowance for credit losses totaled $44.3 million, consistent with the previous quarter [14] Company Strategy and Development Direction - The company aims to build back towards an 80%-plus loan-to-deposit ratio to drive returns on equity [16] - Focus on deploying liquidity to leverage the quality of the deposit base and make prudent investments in the securities portfolio [16] - The company is optimistic about loan growth opportunities and is actively recruiting to enhance its sales team [22][32] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic environment, with expectations of improved credit metrics and loan growth [15][26] - The company is well-positioned to benefit from rising interest rates, which are expected to enhance profitability [31] - Management noted that the integration of West Suburban has been smooth, with no significant customer disruptions [7][32] Other Important Information - Total merger-related costs recorded in Q1 2022 were $5.6 million [15] - The company is experiencing wage inflation and challenges in hiring, but is managing expenses effectively [27] Q&A Session Summary Question: Balance sheet mix and liquidity management - Management indicated that they will be cautious with liquidity and not rush into significant investments [36][38] Question: Loan-to-deposit ratio target timeline - Management expects it to take over two years to reach an 80% loan-to-deposit ratio, barring significant macroeconomic changes [39] Question: Margin outlook with Fed rate increases - Management confirmed that each 25 basis point increase in Fed funds would benefit net interest income by $2 million to $3 million after tax [24][42] Question: Cost savings and reinvestment plans - Management stated that they expect to exceed cost-saving targets and will focus on branch rationalization [46][72] Question: Loan origination expectations for the year - Management is optimistic about reaching $800 million to $1 billion in loan originations by year-end [56] Question: Progress of the lending team and new hires - Management confirmed that the new lending team is producing well, particularly in commercial real estate and healthcare [65][68] Question: Tax rate expectations - Management indicated a tax rate expectation of around 25% moving forward [48]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ◻ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-10537 Delaware 36-3143493 (State of Incorporation) (IRS Employer Identification Number) 37 South River Street, Aurora, Illinoi ...

Old Second Bancorp, Inc. (NASDAQ:OSBC) Q4 2021 Earnings Conference Call January 27, 2022 11:00 AM ET Company Participants Jim Eccher – Chief Executive Officer Brad Adams – Chief Financial Officer Conference Call Participants David Long – Raymond James Nathan Race – Piper Sandler Chris McGratty – KBW Brian Martin – Janney Montgomery Scott Operator Good morning, everyone and thank you for joining us today for Old Second Bancorp, Inc's Fourth Quarter 2021 Earnings Call. On the call today is Jim Eccher, the com ...