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Jun 30, 2020
Old Second Q2 2020 Earnings Report
Net income of $9.2 million was reported, or $0.31 per diluted share.
Key Takeaways
Old Second Bancorp reported a net income of $9.2 million for the second quarter of 2020, which translates to $0.31 per diluted share. This includes a negative impact of $0.05 per diluted share due to additional provisions for credit losses related to the COVID-19 pandemic.
Net income was $9.2 million, an increase of $9.0 million from the first quarter.
Provision for credit losses was $2.1 million for the second quarter.
Noninterest income was $10.7 million, an increase of $4.4 million compared to the first quarter.
Total loans were $2.05 billion at June 30, 2020, reflecting an increase of $95.1 million compared to March 31, 2020.
Old Second
Old Second
Old Second Revenue by Segment
Revenue by Segment
Service charges on deposits Revenue
CapyFin.comCard related income Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
The credit environment remains uncertain given the economic damage resulting from the pandemic.