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Old Second Bancorp (OSBC) Misses Q4 Earnings Estimates
Old Second BancorpOld Second Bancorp(US:OSBC) ZACKSยท2025-01-22 23:41

Company Performance - Old Second Bancorp (OSBC) reported quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.49 per share, but showing an increase from $0.42 per share a year ago, resulting in an earnings surprise of -10.20% [1] - The company posted revenues of $73.19 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.79% and increasing from $69.96 million year-over-year [2] - Over the last four quarters, Old Second Bancorp has surpassed consensus revenue estimates four times, but has only exceeded consensus EPS estimates once [2] Stock Performance - Old Second Bancorp shares have increased approximately 4.9% since the beginning of the year, outperforming the S&P 500's gain of 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.46 on revenues of $69.95 million, and for the current fiscal year, it is $1.86 on revenues of $281.75 million [7] Industry Outlook - The Zacks Industry Rank for Banks - Midwest, which includes Old Second Bancorp, is currently in the top 16% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the stock's performance may be influenced by these revisions [5][6]