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Jun 30, 2021
Old Second Q2 2021 Earnings Report
Old Second reported second quarter net income, reflecting decrease in earnings from the first quarter of 2021 and the second quarter of 2020.
Key Takeaways
Old Second Bancorp, Inc. reported a net income of $8.8 million, or $0.30 per diluted share, for the second quarter of 2021. The results reflected a $3.5 million pre-tax release of provision for credit losses. Mortgage banking income totaled $1.6 million.
Net income was $8.8 million, or $0.30 per diluted share.
Net interest and dividend income was $22.0 million.
Recorded a $3.5 million release of provision expense.
Noninterest income was $7.9 million.
Forward Guidance
I am more optimistic on loan growth for the remainder of the year and believe reported margin trends are more symptomatic of the profound increase in liquidity on our balance sheet rather than any fundamental change in our business.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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