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$Old Second Bancorp (OSBC.US)$ NEWS Old Second Bancorp, Inc....
NEWS
Old Second Bancorp, Inc. Reports First Quarter 2024 Net Income of $21.3 Million, or $0.47 per Diluted Share
Old Second Bancorp, Inc. reported a net income of $21.3 million, or $0.47 per diluted share for the first quarter of 2024. The company's adjusted net income increased from the previous quarter but decreased compared to the same quarter last year. Despite challenges in net interest income and noninterest expenses, the company's profitability ratios remained strong. The Board declared a cash dividend of $0.05 per share. Asset quality and earning assets showed stability with a decrease in nonperforming loans and total loans. The company continues to focus on strategic securities transactions to optimize its portfolio.
Old Second Bancorp, Inc. reported a net income of $21.3 million, or $0.47 per diluted share for the first quarter of 2024. The company's adjusted net income increased from the previous quarter but decreased compared to the same quarter last year. Despite challenges in net interest income and noninterest expenses, the company's profitability ratios remained strong. The Board declared a cash dividend of $0.05 per share. Asset quality and earning assets showed stability with a decrease in nonperforming loans and total loans. The company continues to focus on strategic securities transactions to optimize its portfolio.
The company reported a net income of $21.3 million, or $0.47 per diluted share for the first quarter of 2024.
Adjusted net income increased from the previous quarter but decreased compared to the same quarter last year.
Net interest income and noninterest expenses posed challenges for the company.
The company's profitability ratios, including ROAA and ROAE, remained strong.
The Board declared a cash dividend of $0.05 per share.
Asset quality and earning assets showed stability with a decrease in nonperforming loans and total loans.
The company continues to focus on strategic securities transactions to optimize its portfolio.
Adjusted net income increased from the previous quarter but decreased compared to the same quarter last year.
Net interest income and noninterest expenses posed challenges for the company.
The company's profitability ratios, including ROAA and ROAE, remained strong.
The Board declared a cash dividend of $0.05 per share.
Asset quality and earning assets showed stability with a decrease in nonperforming loans and total loans.
The company continues to focus on strategic securities transactions to optimize its portfolio.
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