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(1) AURORA, IL / ACCESSWIRE / April 21, 2021 / Old Second Bancorp, Inc. (the Company, we, us, and our ) (NASDAQ:OSBC), the parent company of Old Second National Bank (the Bank ), today announced financial results for the first quarter of 2021. Our net income was $11.9 million, or $0.40 per diluted share, for the first quarter of 2021, compared to net income of $8.0 million, or $0.27 per diluted share, for the fourth quarter of 2020, and net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020. Net income for the first quarter of 2021 reflects a reversal of provision for credit losses of $3.0 million pre-tax, compared to no provision expense recorded in the fourth quarter of 2020, and an $8.0 million pre-tax provision recorded in the first quarter of 2020. Mortgage banking income totaled $5.7 million in the first quarter of 2021, which reflected a $2.7 million increase from the fourth quarter of 2020, and a $4.9 million increase from the first q ....
Old Second Reports Fourth Quarter Net Income of $8.0 Million, or $0.27 per Diluted Share phoenixherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from phoenixherald.com Daily Mail and Mail on Sunday newspapers.