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Old Second Bancorp OSBC · USD

Financials · US listing · 🇺🇸 United States

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25.09

+2.83%

Close of 9 Nov 2026, in USD

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About Old Second Bancorp

From its filings with the US Securities and Exchange Commission

SEC filings

Old Second Bancorp is based in Aurora, Illinois and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker OSBC. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $80.3m. At that date it held total assets of $6.90bn and shareholders' equity of $896.8m.

In its own words

Old Second Bancorp, Inc. is a corporation organized under the laws of the State of Delaware in 1981 that serves as the bank holding company for its wholly-owned subsidiary bank, Old Second National Bank. Old Second National Bank (the “Bank”) is a national banking association headquartered in Aurora, Illinois, that operates through 55 banking centers located in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle and Will counties in Illinois.

Intercompany transactions and balances are eliminated in consolidation. We evaluate our operations as one operating segment, which is community banking. Financial information concerning our operations can be found in the financial statements in this annual report.

On July 1, 2025, we completed our previously announced acquisition of Bancorp Financial, Inc. (“Bancorp Financial”), pursuant to the agreement and plan of merger dated February 24, 2025. At the effective time of the acquisition, Bancorp Financial merged with and into the Company, with the Company continuing as the surviving corporation. Immediately following the merger, Evergreen Bank Group (“Evergreen”), an Illinois-chartered banking corporation and wholly owned subsidiary of Bancorp Financial, merged with and into Old Second National Bank, with the Bank continuing as the surviving bank.

Quoted from its 10-K, filed 26 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Banks
Listed since
11 Nov 1993
Employees
1,062
Head office
37 S RIVER ST, AURORA, IL, 60507
Incorporated in
DE
Classification
State Commercial Banks
Filer status
Large accelerated filer

Leadership

Pay as last reported

  • Mr. James EccherExecutive Chairman of the Board, President, Chief Executive Officer, since 2006$2.7m
  • Mr. Gary CollinsExecutive Vice Chairman of the Board, since 2016$804,023
  • Mr. Bradley AdamsChief Financial Officer, Chief Operating Officer, Executive Vice President$1.3m
  • Mr. Richard GartelmannExecutive Vice President - Wealth Management$565,126
  • Mr. Donald PilmerExecutive Vice President, Chief Lending Officer$853,864
  • Mr. Barry FinnLead Independent Director$158,005
  • Mr. Edward BonifasIndependent Director$124,005
  • Mr. Darin CampbellIndependent Director
  • Mr. Dennis KlaeserIndependent Director$120,505
  • Mr. Keith KotcheIndependent Director$120,505
  • Mr. Billy LyonsIndependent Director$124,005
  • Mr. Hugh McleanIndependent Director$134,505

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
28
Environment
2
Social
41
Governance
41
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strong market position: Old Second Bancorp Inc holds a significant market share in the banking industry.
  • Diverse product portfolio: The company offers a comprehensive range of banking products and services, catering to various customer needs.
  • Established brand reputation: Old Second Bancorp Inc has built a solid reputation based on its long-standing presence and history of excellent customer service.

Weaknesses

  • Limited geographic presence: The company primarily operates in a specific region, which can restrict growth opportunities in other markets.
  • Reliance on traditional banking methods: Old Second Bancorp Inc may face challenges in adapting to the rapidly evolving digital banking landscape.
  • Vulnerability to economic downturns: As a financial institution, the company's performance is highly influenced by economic fluctuations.

Opportunities

  • Expansion into new markets: Old Second Bancorp Inc can explore potential growth opportunities by entering new geographic regions.
  • Embracing digitalization: The company can invest in technology and innovative solutions to enhance its digital banking capabilities.
  • Strategic partnerships: Collaborating with fintech companies or other financial institutions can enable Old Second Bancorp Inc to offer new and improved services to its customers.

Threats

  • Intense competition: The banking industry is highly competitive, with numerous players vying for market share.
  • Regulatory challenges: Old Second Bancorp Inc must navigate through complex banking regulations and comply with changing legal requirements.
  • Cybersecurity risks: Increasing cyber threats pose potential risks to customer data and the company's reputation.

Sources and methodology

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