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Old Second Bancorp Inc

Old Second Bancorp Inc

OSBC
$23.64USD↓-1.01%-0.24 today

MARKET CAP

1.2B

P/E (TTM)

14.1x

FWD P/E

10.3x

DAY RANGE

$23 – $24

52W RANGE

$16
$24

AI Summary

Stalk
TrimMedium

OSBC exhibits a blow-off top in a Stage 3 distribution environment, signaling a shift to a bearish medium-term bias. Short-term price is pulling back into the 9/20 EMA zone, so execution should be deferred and trims executed on rallies into the recent high and EMA cluster.

  • ↑Q1 2026 net income $25.6M (EPS $0.48) with ROA 1.51%.
  • ↑Earnings yield ~1.31 and book-to-price ~0.81 signal undervaluation.
  • ↓Q1 charge-offs $9.8M primarily in CRE and PowerSports pose credit risk.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Old Second Bancorp, Inc. (NASDAQ: OSBC) is a regional bank primarily serving Illinois, with a focus on community banking services, including commercial real estate, industrial lending, and consumer loans, particularly in the PowerSports sector. Following its recent acquisition of Evergreen Bank, OSBC is enhancing its position in a competitive landscape, aiming to optimize operational efficiency while navigating the challenges of credit quality and market volatility.

Bull says

  • ↑Q1 2026 net income $25.6M (EPS $0.48) with ROA 1.51%.
  • ↑Earnings yield ~1.31 and book-to-price ~0.81 signal undervaluation.
  • ↑CET1 ratio 13.13% and 1.2M share buybacks at $19.63 bolster returns.
  • ↑Evergreen acquisition plus mid-single-digit loan growth pipeline boost revenue.
  • ↑Focused underwriting in PowerSports improves operational efficiency and margins.
  • ↑Manageable leverage and low volatility support risk-adjusted upside.

Bear says

  • ↓Q1 charge-offs $9.8M primarily in CRE and PowerSports pose credit risk.
  • ↓Negative profitability trend and higher credit loss allowances pressure EPS.
  • ↓High short interest and negative earnings revisions reflect bearish sentiment.
  • ↓Muted commercial loan demand amid economic uncertainty may stall growth.
  • ↓Interest rate shifts could compress NIM from current 5.14%.
  • ↓Liquidity constraints and intense competition heighten funding risks.

Investment themes with OSBC

Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • Overall total yield on interest earning assets declined three basis points, and the cost of interest-bearing deposits decreased 15 basis points.
  • Certainly, the market environment, including ongoing pricing challenges due to tariffs and the uncertainty with war results in reluctance on borrowers and to invest in capital projects.
  • We remain optimistic about loan growth in the coming quarters and the potential for more strategic growth opportunities as well.

Bear points

  • Average loans decreased by 70 million, or 1.3%, quarter over link quarter, and average deposits decreased by 162 million.
  • Loan origination activity in the first quarter was seasonally slower,
  • $9.8 million of net loan charge-offs, which primarily included a commercial real estate investor charge off of $3.9 million that was an office property located in downtown Chicago.
Read full transcript analysis ›