Old Second Bancorp, Inc reports results for the quarter ended September 30 - Earnings Summary

• Old Second Bancorp, Inc reported quarterly adjusted earnings of 56 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of six analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 55 cents to 61 cents per share.

• Revenue rose 9.2% to $97.12 million from a year ago; analysts expected $98.23 million.

• Old Second Bancorp, Inc's reported EPS for the quarter was 56 cents​.

• The company reported quarterly net income of $28.94 million.

• Old Second Bancorp, Inc shares had risen by 2.5% this quarter and gained 28.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Old Second Bancorp, Inc is $29.00, about 14.2% above its last closing price of $24.87

This summary was machine generated from LSEG data October 21 at 10:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)