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Old Second Bancorp: 2Q Earnings Snapshot

AURORA, Ill. (AP) _ Old Second Bancorp Inc. (OSBC) on Wednesday reported second-quarter profit of $9.3 million.

The Aurora, Illinois-based bank said it had earnings of 31 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 31 cents per share.

The financial holding company posted revenue of $37.7 million in the period. Its revenue net of interest expense was $32.9 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $32.6 million.

Old Second Bancorp shares have decreased almost 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.78, a decline of 15% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSBC at https://www.zacks.com/ap/OSBC