Live Breaking News & Updates on பழையது இரண்டாவது தேசிய வங்கி

Stay updated with breaking news from பழையது இரண்டாவது தேசிய வங்கி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Old Second Bancorp Inc.: Old Second Reports First Quarter Net Income of $11.9 million, or $0.40 per Diluted Share, Increases Quarterly Dividend to $0.05 per Share


(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 ....

United States , Jim Eccher , Old Second National Bank The , Federal Reserve , Old Second Capital Trust , Small Bank Holding Company Policy Statement , Old Second Bancorp Inc , Paycheck Protection Program , Old Second Bancorp , Old Second National Bank , Fixed To Floating Rate Subordinated Notes , Securities Act , Three Month Term , Chief Executive Officer Jim Eccher , Old Second , Coronavirus Aid , Economic Security Act , Looking Statements , Private Securities Litigation Reform Act , Annual Report , Quarterly Reports , ஒன்றுபட்டது மாநிலங்களில் , ஜிம் எக்சேர் , பழையது இரண்டாவது தேசிய வங்கி தி , கூட்டாட்சியின் இருப்பு , பழையது இரண்டாவது மூலதனம் நம்பிக்கை ,