OSBC Earnings Prediction
The chart below shows how OSBC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OSBC sees a -3.89% change in stock price 10 days leading up to the earnings, and a +1.93% change 10 days following the report. On the earnings day itself, the stock moves by +0.77%. This data can give you a slight idea of what to expect for the next quarter's release.
OSBC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
68.81M
1.35%
1.61%
Gross Margin
--
--
--
Operating Margin
40.08%
0.80%
-14.18%
Net Margin
27.77%
3.46%
-18.06%
EPS
0.42
5.00%
-16.00%
No Data Available
OSBC Earnings Analysis
Old Second Bancorp Inc Corporation (OSBC.O) Earnings Conference Call
Positive
Q4 2024 Net Income Summary: Net income for Q4 2024 was $19.1 million, translating to $0.42 per diluted share, with a return on assets of 1.34% and return on average tangible common equity at 13.79%.
Tangible Equity Ratio Increase: The tangible equity ratio increased by 151 basis points over the past year to end at 10.04%, indicating strong balance sheet positioning.
Net Interest Income Increase: Net interest income rose by $1 million to $61.6 million for the quarter compared to the previous quarter, reflecting stable financial performance.
Deposit Growth Analysis: Average deposits increased by $114 million or 2.5% and period-end total deposits rose by $303 million or 6.8% from the prior quarter, primarily due to the acquisition of deposits from First Merchants branches.
Improved Credit Quality: Substandard and criticized loans decreased significantly by 31% or $58 million from the previous quarter, indicating improved credit quality.
Negative
Credit Loss Provision Impact: $3,500,000 provision for credit losses negatively impacted after-tax earnings by $0.06 per diluted share, indicating a significant strain on profitability despite overall strong performance.
OREO Write-Down Impact: OREO write-downs totaled $1,700,000, which reduced earnings by $0.03 per diluted share, reflecting challenges in asset management and property valuations.
Merger-Related Expense Impact: A $1,500,000 merger-related expense further diminished earnings by nearly $0.03 per diluted share, highlighting the financial burden of acquisition activities.
Loan Balance Decline: Loan balances decreased by $9,700,000 from the prior quarter, contrasting with previous growth trends and indicating a slowdown in lending activity amid market volatility.
Credit Risk Assessment: An $8,600,000 charge-off on a C&I loan, with a recovery estimate of only $0.37 on the dollar, underscores significant credit risk and potential future losses.
OSBC FAQs
How does OSBC typically perform around its earnings report dates?
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OSBC Earning Call Sentiment
Earnings call transcript: Old Second Bancorp Q4 2024 misses EPS forecast, stock dips
OSBC.O
0.33%Positive
The earnings call reflects a mixed outlook. While there are positive elements such as a 20% dividend increase and strong shareholder return plans, there are concerns like market volatility, competitive pressures, and a decrease in total loans. The Q&A session highlights cautious management responses and unclear guidance on specific issues. The combination of these factors, alongside stable but not exceptional financial metrics, suggests a neutral sentiment, with limited short-term stock price movement.
