2023-04-19 17:27:48 ET
- Old Second Bancorp press release ( NASDAQ: OSBC ): Q1 GAAP EPS of $0.52 misses by $0.02 .
- Revenue of $71.44M (+30.6% Y/Y) beats by $4.25M .
- Net interest and dividend income was $64.1 million for the first quarter of 2023, reflecting no material change from the fourth quarter of 2022, and an increase of $22.9 million, or 55.4%, from the first quarter of 2022.
- We recorded a net provision for credit losses of $3.5 million in the first quarter of 2023, compared to a net provision for credit losses of $1.5 million in the fourth quarter of 2022, and no net provision for credit losses in the first quarter of 2022.
- On April 18, 2023, our Board of Directors declared a cash dividend of $0.05 per share payable on May 8, 2023, to stockholders of record as of April 28, 2023.
For further details see:
Old Second Bancorp GAAP EPS of $0.52 misses by $0.02, revenue of $71.44M beats by $4.25M