Old Second Bancorp (OSBC) Cash Flow: Operating & Free Cash Flow

Old Second Bancorp (OSBC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Old Second Bancorp generated $122.26M of operating cash flow and spent $4.50M on capital expenditures. That left free cash flow of $117.76M, down 2.5% from $120.75M a year earlier, or 29.7% of revenue. It returned $19.65M to shareholders through $12.24M in dividends and $7.41M in share buybacks.

Old Second Bancorp Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Old Second Bancorp, Inc. (OSBC) - 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
Operating Activities
Net Income	80.31	85.26	91.73	67.41	20.04	27.83	39.46	34.01	15.14
Depreciation & Amortization	6.15	9.16	7.70	6.89	3.80	3.29	3.00	2.81	2.40
Deferred Income Tax	1.59	-1.37	1.86	0.97	6.48	-0.65	6.44	9.84	21.57
Stock Based Compensation	5.55	3.91	3.60	2.96	1.44	2.09	2.52	2.26	1.18
Change in Working Capital	-0.34	19.99	-7.12	16.63	-14.89	-11.22	0.64	3.30	-6.86
Change in Accounts Receivable	13.11	10.13	-11.51	10.93	-2.42	-16.88	-4.80	2.90	-7.01
Change in Accounts Payable	-10.25	13.49	6.51	6.42	-11.08	6.89	6.86	1.39	1.58
Change in Other Working Capital	4.09	-3.62	-0.17	0.16	13.82	-1.23	-1.42	-0.98	-1.43
Other Operating Activities	3.17	14.57	-0.17	0.16	13.82	4.65	0.59	2.69	3.67
Net Cash from Operating Activities	122.26	131.53	116.40	97.34	31.05	25.99	52.64	54.91	37.11
Investing Activities
Capital Expenditures	-4.51	-10.79	-12.38	-4.33	-2.03	-3.92	-4.38	-1.90	-1.06
Acquisitions	10.53	237.44	0.00	-0.15	149.00	0.00	0.00	-35.71	0.00
Purchases of Investments	-191.59	-265.50	-13.41	-301.65	-886.10	-65.23	-159.54	-75.04	-343.47
Sales/Maturities of Investments	405.52	309.50	391.79	310.83	744.72	66.06	233.05	135.30	349.85
Other Investing Activities	13.46	52.05	-204.44	-437.48	127.34	-100.72	-26.92	-48.50	-137.81
Net Cash from Investing Activities	159.82	322.70	161.56	-432.78	132.92	-103.81	42.21	-25.84	-132.49
Financing Activities
Debt Repayment	166.61	-385.00	-54.00	-10.06	-4.32	-64.41	-109.80	15.56	45.00
Common Stock Repurchased	-7.41	-1.05	-0.61	-0.46	-10.42	-5.92	-0.67	-0.51	-0.24
Dividends Paid	-12.24	-9.41	-8.95	-8.88	-4.61	-1.19	-1.20	-1.19	-1.18
Other Financing Activities	-404.35	-59.59	-544.44	-372.11	218.44	428.61	12.21	-43.53	60.30
Net Cash from Financing Activities	-257.39	-455.05	-292.99	-301.50	258.24	357.09	-99.45	-29.66	103.88
Summary
Net Change in Cash	24.70	-0.82	-15.03	-636.93	422.20	279.27	-4.60	-0.60	8.50
Cash at Beginning of Period	99.33	100.15	115.18	752.11	329.90	50.63	55.24	55.83	47.33
Cash at End of Period	124.03	99.33	100.15	115.18	752.11	329.90	50.63	55.24	55.83
Free Cash Flow	117.76	120.75	104.03	93.01	29.01	22.07	48.26	53.01	36.05
Supplemental Disclosures
Interest Paid	-	55.28	38.45	10.20	8.12	-	-	-	-
Income Taxes Paid	-	23.03	35.67	11.23	10.59	-	-	-	-

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 Cash Flow

What is Old Second Bancorp's free cash flow?

Old Second Bancorp generated free cash flow of $117.76M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $122.26M minus $4.50M of capital expenditures. That was down 2.5% from $120.75M a year earlier. Free cash flow equaled 29.7% of revenue.

How much does Old Second Bancorp spend on capital expenditures?

Old Second Bancorp spent $4.50M on capital expenditures in fiscal 2025, compared with $10.79M a year earlier. That equals 3.7% of operating cash flow.

Does Old Second Bancorp pay dividends or buy back shares?

Yes. In fiscal 2025 Old Second Bancorp returned $12.24M in dividends and $7.41M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition