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EarningsQ2 2026 Earnings Report
OSBC Q2 2026 EPS Results
Actual EPS$0.54
Consensus EPS$0.55
Beat/MissMissed by -<$0.01
One Year Ago EPS$0.48
OSBC Q2 2026 Revenue Results
Actual Revenue$114.40M
Expected Revenue$94.88M
Beat/MissBeat by +$19.52M
YoY Revenue Growth+32.69%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
OSBC Upcoming Earnings
Old Second Bancorp's next earnings date is estimated for October 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
OSBC Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive operational and financial performance: strong net interest margin, revenue growth, loan growth, improved asset quality with notable declines in NPAs and special mention assets, robust fee businesses, and disciplined capital return via buybacks. Key challenges were $9.2M of charge-offs (including CRE and C&I), continued pressure in the office CRE market (though small portfolio share), deposit competition that could pressure future margins, and modest expense increases. Management emphasized improving credit trends and a strong capital position while remaining cautiously optimistic about the outlook.Company Guidance
Strong Net Income and Profitability
GAAP net income of $28.2M ($0.54 diluted EPS) in Q2 2026; adjusted net income $28.7M ($0.55). Return on assets 1.65% and return on average tangible common equity 15.58%.
Exceptional Net Interest Margin and NII Growth
Net interest margin (tax-equivalent) of 5.23% in Q2, up 9 bps QoQ and 38 bps YoY. Net interest income increased to $83.3M from $81.1M QoQ and up ~$19M (~30%) YoY.
Loan Growth and Funding Metrics
Total loans increased $60.6M during the quarter; loan-to-deposit ratio rose to 96.4% from 93.2% QoQ and from 83.3% a year ago. Tax-equivalent loan yields increased 12 bps QoQ and 63 bps YoY.
Improving Credit Trends and Asset Quality
Nonperforming loans decreased by $19M and classified assets declined $16.5M; NPAs fell 25% during the quarter. Special mention loans down ~30% (approx. $40M to $27M), a positive leading indicator.
Reserve Coverage and Provisioning
Allowance for credit losses of $70.4M (1.34% of loans) down from $72.1M (1.39%) QoQ. Provision expense decreased by $2.5M to $7.5M QoQ, reflecting improved loss-rate assumptions and prior reserves covering charge-offs.
Fee Income and Wealth/Mortgage Performance
Total noninterest income rose $631k (5%) QoQ and $2.4M (21.7%) YoY. Wealth management income improved $245k QoQ and $525k YoY; mortgage banking income up $97k QoQ and $543k YoY (MSR mark-to-market helped YoY).
Efficiency and Tangible Book Value Growth
Adjusted tax-equivalent efficiency ratio improved to 50.8% from 51.7% QoQ. Tangible book value per share increased to $14.77 from $14.35 QoQ; tangible equity ratio rose 12 bps QoQ to 11.19% and is 36 bps above prior-year.
Capital Return and Strong Capital Position
Aggressive share repurchases: Q2 repurchased 732k shares for $15.4M (avg $21.08); YTD repurchases 1.9M shares at avg $20.31. Board approved new repurchase authorization for ~2.5M shares through 6/30/2027; CET1 remains strong at 13.28%.
High Contribution Margin in Specialty Lending and Powersports
National Specialty Lending APR >10% with contribution margin over ~8.5%; loss rate improved to ~1.80% (from >2%). Powersports business delivered robust contribution margin and seasonally improved charge-off trends.
OSBC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed