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Dec 31, 2020
Old Second Q4 2020 Earnings Report
Reported net income of $8.0 million, or $0.27 per diluted share
Key Takeaways
Old Second Bancorp reported a net income of $8.0 million, or $0.27 per diluted share, for the fourth quarter of 2020. The results reflect a decrease in noninterest income year over year, partially offset by an increase in net interest income due to loan fees recorded on forgiven SBA Paycheck Protection Program loans and a decrease in interest expense on deposits due to market interest rate reductions.
Net income for the fourth quarter of 2020 was $8.0 million.
Net interest and dividend income was $23.9 million for the fourth quarter of 2020.
We recorded no provision for credit losses in the fourth quarter of 2020.
Noninterest income was $8.8 million for the fourth quarter of 2020.
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Revenue by Segment
Service charges on deposits Revenue
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