OSBC
Old Second Bancorp, Inc.
OSBC's fundamentals are strong, but it looks expensive: trading at 12x earnings, above its usual 9.9x. Analysts expect earnings growth.
OSBC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
OSBC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like OSBC.
OSBC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $15.56 | -38% |
| Fair | 9.8x | $20.78 | -17% |
| Forward | 11x | $25.11 | — |
| Current | 12x | $25.11 | — |
| Expensive | 14x | $30.07 | +20% |
Historical ranges are pointers, not guarantees.
OSBC's PE is in its expensive range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its fair range.
OSBC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect OSBC's earnings to grow and its profitability to improve, with its revenue holding steady.
OSBC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.32 | +10% |
| Q3 2026 | $2.11 | +40% |
| Q2 2026 | $1.73 | -5.5% |
| Q1 2026 | $1.67 | -8.7% |
| Q4 2025 | $1.62 | -13% |
| Q3 2025 | $1.51 | -18% |
| Q2 2025 | $1.83 | -3.2% |
| Q1 2025 | $1.83 | -7.1% |
| Q4 2024 | $1.87 | -7.4% |
OSBC earned $2.11 per share over the past year, up 40% from the year before.
OSBC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $97.1M | +1.3% |
| Q2 2026 | $96.6M | +29% |
| Q1 2026 | $93.8M | +28% |
| Q4 2025 | $95.2M | +30% |
| Q3 2025 | $95.9M | +35% |
| Q2 2025 | $75.1M | +6.1% |
| Q1 2025 | $73.1M | +4% |
| Q4 2024 | $73.2M | +4.6% |
OSBC's revenue has grown year over year for eight quarters in a row: $97M last quarter, up 1.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 40% | +26 points |
| Q2 2026 | 39% | +0.3 points |
| Q1 2026 | 36% | +0.5 points |
| Q4 2025 | 41% | +6.6 points |
| Q3 2025 | 14% | -28 points |
| Q2 2025 | 39% | -2.3 points |
| Q1 2025 | 36% | -4.8 points |
| Q4 2024 | 35% | -1 points |
OSBC's operating margin was 40% last quarter, up 26 points from the same quarter a year ago.
OSBC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $64.2M | +85% |
| Q2 2026 | $27.9M | +19% |
| Q1 2026 | $36.2M | +123% |
| Q4 2025 | $43.4M | +98% |
| Q3 2025 | $34.7M | -25% |
| Q2 2025 | $23.5M | +167% |
| Q1 2025 | $16.2M | -63% |
| Q4 2024 | $21.8M | -12% |
OSBC's free cash flow was $172M over the past year, up 78% from the year before. Free cash flow isn't a meaningful measure for financial services companies like OSBC.
OSBC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.9% | -975K shares |
| 1 year | -4.4% | -2.4M shares |
| 3 years | +13% | +5.7M shares |
| 5 years | +74% | +21.8M shares |
| Available history | +68% | +20.7M shares |
OSBC has 51M diluted shares, down 4.4% from a year ago, with $80M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $39.5M |
| Q2 2026 | $15.8M |
| Q1 2026 | $24.5M |
| Q4 2025 | $36,000 |
| Q3 2025 | $5.9M |
| Q2 2025 | $62,000 |
| Q1 2025 | $1.4M |
| Q4 2024 | $257,000 |
OSBC spent $80M buying back its own shares over the past year, more than ten times what it spent the year before.
OSBC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.0x | Moderate |
| Q2 2026 | 2.0x | Moderate |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | -0.7x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
OSBC's net debt is about 2.0 years of its operating earnings (EBITDA), up from 1.1 years a year ago. Net leverage isn't a meaningful measure for financial services companies like OSBC.
OSBC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.4 | Neutral |
| Stochastic | 38.5 | Neutral |
OSBC's weekly RSI is 61 (neutral) and its Stochastic is 39 (neutral).
OSBC PE vs Financial Services Sector
| Metric | OSBC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.6% below |
| PE % | 71 | 63 | 8 pts above |
OSBC is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
OSBC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $24.7 | 1.7% above |
| 20 week MA | $24.8 | 1.5% above |
| 50 week MA | $22.3 | 13% above |
| 100 week MA | $19.9 | 26% above |
| 200 week MA | $17.4 | 45% above |
OSBC is in an uptrend: it's above all five of its weekly moving averages, and 45% above its 200-week average.
OSBC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $13.5 | $9.97 | -26% |
| 2021 | $9.97 | $12.6 | +27% |
| 2022 | $12.6 | $16.6 | +31% |
| 2023 | $16.6 | $15.4 | -7% |
| 2024 | $15.4 | $17.8 | +16% |
| 2025 | $17.8 | $19.9 | +12% |
| 2026 YTD | $19.9 | $25.1 | +26% |
OSBC has finished higher in four of the last six years. It's up 26% so far in 2026.