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Dec 31, 2019
Old Second Q4 2019 Earnings Report
Old Second Bancorp reported a net income for Q4 2019.
Key Takeaways
Old Second Bancorp, Inc. reported a net income of $9.5 million, or $0.31 per diluted share, for the fourth quarter of 2019. The results were impacted by net interest margin compression, partially offset by a death benefit realized on BOLI and mark to market gains on mortgage servicing rights.
Net income was $9.5 million, or $0.31 per diluted share.
Net interest and dividend income was $23.2 million, a decrease of 6.4% from the third quarter of 2019.
Noninterest income was $9.2 million, a decrease of 22.6% compared to the third quarter of 2019.
Noninterest expense was $19.8 million, a decrease of 0.6% compared to the third quarter of 2019.