Old Second Bancorp (OSBC) Financial Statements & Analysis

Old Second Bancorp (OSBC) Income Statement

Old Second Bancorp reported revenue of $396.97M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 46.1% from $271.80M a year earlier. Net income was $80.31M, down 5.8% year over year, a net margin of 20.2%. Gross margin was 78.1% and operating margin 27.9%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $90.37M, down 4.0% from the same quarter a year earlier.

Old Second Bancorp Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Old Second Bancorp, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	396.97	271.80	280.99	255.24	141.89	139.51	149.44	136.99	116.54
Cost of Revenue	86.77	69.02	56.54	16.87	12.78	22.88	20.44	17.91	14.43
Gross Profit	310.20	267.15	264.49	238.37	129.11	116.63	129.00	119.08	102.11
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	129.21	31.70	93.20	90.78	60.22	56.62	54.90	54.17	47.66
Operating Expenses	199.45	154.19	140.08	146.83	101.24	79.22	77.15	75.14	67.81
Operating Income	110.75	112.96	124.41	91.55	27.87	37.41	51.86	43.94	34.30
Other Income/Expense
Interest Income	354.05	295.63	290.05	215.54	104.71	103.73	114.99	107.15	87.14
Interest Expense	62.22	56.27	40.04	10.32	8.45	12.46	18.84	16.68	12.63
Other Income/Expense	-3.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	107.75	112.96	124.41	91.55	27.87	37.41	51.86	43.94	34.30
Income Tax Expense	27.44	27.69	32.68	24.14	7.82	9.58	12.40	9.92	19.16
Net Income	80.31	85.26	91.73	67.41	20.04	27.83	39.46	34.01	15.14
Net Income - Continuous Operations	80.31	85.26	91.73	67.41	20.04	27.83	39.46	34.01	15.14
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	120.83	5.59	4.49	98.43	31.66	40.70	54.86	46.75	36.70
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	10.08	2.44	2.46	6.89	3.80	3.29	3.00	2.81	2.40
Earnings Per Share
Basic EPS	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00
Diluted EPS	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00
Basic Shares Outstanding	52.67	44.83	44.66	44.53	30.21	29.62	29.89	29.73	29.60
Diluted Shares Outstanding	53.48	45.64	45.40	45.21	30.74	30.17	30.42	30.31	30.04

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About Old Second Bancorp Financial Statements

What was Old Second Bancorp's revenue in fiscal 2025?

Old Second Bancorp reported revenue of $396.97M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 46.1% from $271.80M a year earlier.

Is Old Second Bancorp profitable?

Yes. Old Second Bancorp earned net income of $80.31M in fiscal 2025, a net margin of 20.2%. In fiscal 2024 it earned $85.26M.

What is Old Second Bancorp's operating margin?

Old Second Bancorp's operating income was $110.75M on revenue of $396.97M in fiscal 2025, an operating margin of 27.9%, compared with 41.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition