Old Second Bancorp (OSBC)
Runs a community banking franchise across northern Illinois with lending, deposits, and wealth services.
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Offers deposit accounts, commercial and consumer lending, trust and wealth services, digital banking, and corporate cash management through Old Second National Bank. The business is concentrated in northern Illinois, with Community Banking as its only reportable segment and a loan book shaped by commercial real estate and powersport exposure.
Community Banking is the only reportable segment, built around Old Second National Bank's deposit accounts, commercial, residential, and consumer lending, trust and wealth management, online and mobile banking, and corporate cash management. The franchise is concentrated in northern Illinois, including the Chicago-area counties added through recent branch and bank acquisitions.
Recent expansion came through the West Suburban merger, First Merchants branch purchase, and Bancorp Financial/Evergreen acquisition. That enlarged the branch network and added specialty powersport lending while keeping the company centered on community banking rather than a national footprint.
Operating results depend on deposit funding, lending spreads, credit quality in commercial real estate, and integration of acquired portfolios. Recent credit disclosures pointed to pressure from a downtown Chicago office credit and another commercial relationship.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $26 | Target: $30 |
| Jul 7, 2026 | Raymond James | Initiate | Rating: —Target: $17 | Target: $26 |
| Jun 26, 2026 | Piper Sandler | Reiterate | Rating: —Target: $25 | Target: $26 |
| Apr 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $23 | Target: $25 |
| Mar 27, 2026 | Stephens | Target | Target: $20 | Target: $23 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $46.7M · Total debt $468.7M · Total assets $6.85B · Shareholders' equity $902.8M
- Revenue
- $88.8M
- Operating income
- $37.8M
- Net income
- $28.2M
HistoryDividendAnnual yield
| Institutions | 77.17% | 39.26M shares | |
|---|---|---|---|
| 186 holders · as of Jun 30, 2026 | |||
| Insiders | 2.47% | 1.26M shares | |
| 10 holders · as of Sep 11, 2026 | |||
| Other | 20.36% | 10.35M shares | |
| remainder | |||
50.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.45% | 4.30M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 4.91% | 2.50M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.28% | 2.18M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.62% | 1.84M | as of Jun 30, 2026 |
Davis Asset Management, L.P.Institution | 3.54% | 1.80M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Gary S. Collins | director, officer: VICE CHAIRMAN | −5,000 | $25.71 |
| Sep 8, 2026 | Hugh H. Mclean | director | −25,000 | $25.63 |
| Sep 3, 2026 | Hugh H. Mclean | director | −25,000 | $25.73 |
| Sep 2, 2026 | Darin Patrick Campbell | director, officer: President, Powersports Lending | −24,000 | $25.53 |
| Aug 12, 2026 | James Eccher | director, officer: CHAIRMAN AND CEO | −19,313 | $25.61 |
- Wintrust Financial
Chicago-scale rival across deposits, CRE, wealth, and mortgage
- Byline Bancorp
Chicago commercial-bank overlap in deposits, CRE, SBA, and wealth
- First Busey
Illinois/Midwest bank rival in commercial, CRE, wealth, payments
- Old National Bancorp
Large Midwest regional rival for commercial, treasury, and wealth
- Associated Banc-Corp
Upper-Midwest regional rival in C&I, CRE, deposits, and wealth
- First Mid Bancshares
Illinois community-bank peer in CRE, deposits, wealth, and insurance
- Midland States Bancorp
Illinois community-bank peer in deposits, CRE, wealth, and cards
- Truist Financial
Specialty powersport-finance rival through Sheffield Financial
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Old Second Bancorp | $24.73 | −0.39% | $1.28B | 14.3 | 10.6 | 3.0 | +28.6% |
| Wintrust Financial | $145.39 | −1.15% | $9.92B | 11.7 | 11.0 | 2.3 | +10.1% |
| Byline Bancorp | $37.26 | −0.57% | $1.70B | 11.4 | 11.3 | 2.7 | +6.6% |
| First Busey | $29.80 | −0.53% | $2.53B | 10.8 | 11.2 | 2.7 | −1.9% |
| Old National Bancorp | $25.13 | −0.47% | $9.66B | 11.1 | 9.2 | 2.4 | +12.3% |
| Associated Banc-Corp | $29.14 | −0.77% | $5.54B | 10.3 | 9.3 | 2.2 | +22.7% |
| First Mid Bancshares | $49.44 | −0.49% | $1.32B | 12.3 | 10.3 | 2.9 | +26.7% |
| Midland States Bancorp | $33.03 | −1.55% | $696.2M | 21.0 | 9.7 | 1.6 | −29.1% |
| Truist Financial | $47.91 | −2.22% | $61.05B | 11.6 | 10.2 | 2.0 | +6.5% |
| Median | 11.5 | 10.2 | 2.3 | +8.3% |