Old Second Bancorp (OSBC - Free Report) reported $70.28 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of $0.47 for the same period compares to $0.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $69.5 million, representing a surprise of +1.13%. The company delivered an EPS surprise of -2.08%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Second Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 53.6% compared to the 52.6% average estimate based on three analysts.
- Net Interest Margin: 4.6% versus the three-analyst average estimate of 4.6%.
- Total interest earning assets - Average Balance: $5.28 billion versus $5.32 billion estimated by two analysts on average.
- Total noninterest income: $10.50 million versus the three-analyst average estimate of $9.75 million.
- Other income: $1.03 million versus $0.96 million estimated by two analysts on average.
- Net interest and dividend income: $59.78 million versus the two-analyst average estimate of $59.61 million.
- Wealth management: $2.56 million versus $2.55 million estimated by two analysts on average.
- Change in cash surrender value of BOLI: $1.17 million compared to the $0.52 million average estimate based on two analysts.
- Card related income: $2.38 million versus the two-analyst average estimate of $2.39 million.
- Financial Services- Service charges on deposits: $2.42 million versus the two-analyst average estimate of $2.48 million.
- Net Interest Income (FTE): $60.14 million versus the two-analyst average estimate of $60.50 million.
- Net gain (loss) on sales of mortgage loans: $0.31 million versus $0.31 million estimated by two analysts on average.
View all Key Company Metrics for Old Second Bancorp here>>>Shares of Old Second Bancorp have returned -0.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Old Second Bancorp (OSBC - Free Report) reported $70.28 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.6%. EPS of $0.47 for the same period compares to $0.52 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $69.5 million, representing a surprise of +1.13%. The company delivered an EPS surprise of -2.08%, with the consensus EPS estimate being $0.48.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Second Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 53.6% compared to the 52.6% average estimate based on three analysts.
- Net Interest Margin: 4.6% versus the three-analyst average estimate of 4.6%.
- Total interest earning assets - Average Balance: $5.28 billion versus $5.32 billion estimated by two analysts on average.
- Total noninterest income: $10.50 million versus the three-analyst average estimate of $9.75 million.
- Other income: $1.03 million versus $0.96 million estimated by two analysts on average.
- Net interest and dividend income: $59.78 million versus the two-analyst average estimate of $59.61 million.
- Wealth management: $2.56 million versus $2.55 million estimated by two analysts on average.
- Change in cash surrender value of BOLI: $1.17 million compared to the $0.52 million average estimate based on two analysts.
- Card related income: $2.38 million versus the two-analyst average estimate of $2.39 million.
- Financial Services- Service charges on deposits: $2.42 million versus the two-analyst average estimate of $2.48 million.
- Net Interest Income (FTE): $60.14 million versus the two-analyst average estimate of $60.50 million.
- Net gain (loss) on sales of mortgage loans: $0.31 million versus $0.31 million estimated by two analysts on average.
View all Key Company Metrics for Old Second Bancorp here>>>Shares of Old Second Bancorp have returned -0.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
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