Get notified when OSBC files again. Create a free account and we'll email you the moment its next filing is analyzed.

Get filing alerts

Red Flags Detected

  • Nonaccrual Loans +68% Yoy to $53.7m (1.1% of Loans) (worsened) — Driven by $23.6M inflows including two large commercial credits and an $8.5M CRE-investor loan, reflecting elevated credit stress in acquired and legacy portfolios.
  • Net Charge-offs $9.2m Vs $785k Prior Year (worsened) — Charge-offs surged across commercial ($3.0M), CRE-investor ($2.8M), and powersport ($2.8M) portfolios, with powersport losses driven by 120-day past-due policy.
  • Acl-to-npl Coverage Ratio Declined to 124.6% From 133.3% (worsened) — Nonperforming loans grew faster than reserves, reducing the cushion against problem credits despite $17.5M allowance established for acquired PCD loans.
NASDAQ: OSBC OLD SECOND BANCORP INC 10-Q

Old Second Q2 net income +29% to $28.2M on Bancorp Financial acquisition; credit costs triple

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

  • high

    Net income rose 29.1% to $28.2M ($0.54/share) in Q2 2026 from $21.8M ($0.48/share) Q2 2025, driven by the Bancorp Financial acquisition adding $1.43B assets and expanding net interest income 30% to $83.3M.

    MD&A: Net Income & Acquisition Impact verify on EDGAR →
  • high

    Provision for credit losses tripled to $7.5M from $2.5M, driven by $9.2M net charge-offs (vs $785K prior year) concentrated in commercial, CRE-investor, and acquired powersport portfolios.

    MD&A: Credit Provision verify on EDGAR →
  • high

    Nonaccrual loans rose 68% to $53.7M (1.1% of loans) from $31.9M (0.8%), driven by $23.6M inflows including two large commercial credits ($16.5M aggregate, later partially charged off) and an $8.5M CRE-investor loan.

    MD&A: Nonperforming Loans verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

Read 3 full reports/month free No card required. Takes 30 seconds.

Want to see a complete report first? Today's free report (HPQ 10-Q) is open in full — no account needed.

Partner

Trade OSBC commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

Was this report useful?
View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Aug 28, 2026 · How we verify