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Compared to Estimates, Old Second Bancorp (OSBC) Q4 Earnings: A Look at Key Metrics
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For the quarter ended December 2023, Old Second Bancorp (OSBC - Free Report) reported revenue of $69.96 million, down 4.2% over the same period last year. EPS came in at $0.42, compared to $0.53 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $72.87 million, representing a surprise of -3.98%. The company delivered an EPS surprise of -22.22%, with the consensus EPS estimate being $0.54.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 50.8% versus the three-analyst average estimate of 50.1%.
Net Interest Margin: 4.6% versus the three-analyst average estimate of 4.6%.
Total interest earning assets - Average Balance: $5.29 billion versus $5.38 billion estimated by two analysts on average.
Total noninterest income: $8.73 million versus $10.30 million estimated by three analysts on average.
Other income: $0.91 million versus the two-analyst average estimate of $1.02 million.
Financial Services- Service charges on deposits: $2.53 million compared to the $2.52 million average estimate based on two analysts.
Net gain (loss) on sales of mortgage loans: $0.37 million compared to the $0.30 million average estimate based on two analysts.
Debit card interchange income: $2.51 million versus the two-analyst average estimate of $2.61 million.
Net Interest Income (FTE): $61.60 million compared to the $62.97 million average estimate based on two analysts.
Net interest and dividend income: $61.24 million versus the two-analyst average estimate of $62.01 million.
Shares of Old Second Bancorp have returned -2.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Old Second Bancorp (OSBC) Q4 Earnings: A Look at Key Metrics
For the quarter ended December 2023, Old Second Bancorp (OSBC - Free Report) reported revenue of $69.96 million, down 4.2% over the same period last year. EPS came in at $0.42, compared to $0.53 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $72.87 million, representing a surprise of -3.98%. The company delivered an EPS surprise of -22.22%, with the consensus EPS estimate being $0.54.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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: 50.8% versus the three-analyst average estimate of 50.1%.
- Net Interest Margin: 4.6% versus the three-analyst average estimate of 4.6%.
- Total interest earning assets - Average Balance: $5.29 billion versus $5.38 billion estimated by two analysts on average.
- Total noninterest income: $8.73 million versus $10.30 million estimated by three analysts on average.
- Other income: $0.91 million versus the two-analyst average estimate of $1.02 million.
- Financial Services- Service charges on deposits: $2.53 million compared to the $2.52 million average estimate based on two analysts.
- Net gain (loss) on sales of mortgage loans: $0.37 million compared to the $0.30 million average estimate based on two analysts.
- Debit card interchange income: $2.51 million versus the two-analyst average estimate of $2.61 million.
- Net Interest Income (FTE): $61.60 million compared to the $62.97 million average estimate based on two analysts.
- Net interest and dividend income: $61.24 million versus the two-analyst average estimate of $62.01 million.
View all Key Company Metrics for Old Second Bancorp here>>>Shares of Old Second Bancorp have returned -2.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.