Bitcoin price today: gains to $120k, near record high on U.S. regulatory cheer
Old Second Bancorp Inc. (NASDAQ:OSBC) announced Tuesday that its Board of Directors has declared a cash dividend of $0.06 per share, maintaining its consistent dividend payment track record. The dividend, representing a 20% growth from the previous year and yielding 1.27%, is scheduled to be paid on August 4, 2025, to shareholders of record as of July 25, 2025. The bank has maintained dividend payments for 10 consecutive years, according to InvestingPro data.
The company, headquartered in Aurora, Illinois, reported the decision in a statement included in a filing with the Securities and Exchange Commission. Old Second Bancorp’s common stock is listed on The Nasdaq Stock Market under the ticker OSBC.
This information is based on a press release statement contained in the company’s SEC filing.
In other recent news, Old Second Bancorp has announced that it will release its second-quarter financial results for 2025 on July 23, with an earnings call scheduled for July 24. The company recently completed its acquisition of Bancorp Financial, Inc., the holding company for Evergreen Bank Group, which has led Piper Sandler to raise its price target for Old Second Bancorp to $24.50, maintaining an Overweight rating. This acquisition is expected to enhance growth prospects and support a more stable net interest margin. In a strategic move to expand its capital base, Old Second Bancorp has doubled its authorized common shares from 60 million to 120 million, following shareholder approval. Additionally, during its recent Annual Meeting, shareholders elected four directors and approved several proposals, including an amendment to increase authorized shares and a restatement of the 2019 Equity Incentive Plan.
Stephens research firm adjusted its price target for Old Second Bancorp to $20.00 from $22.00 but maintained an Overweight rating, highlighting the bank’s strong net interest margin and positive deposit flows. The bank’s net interest income increased in the first quarter of 2025, with a net interest margin of 4.88%, exceeding consensus estimates. Old Second Bancorp’s tangible common equity capital increased significantly, and the bank reported a decline in criticized loans, which Stephens analysts view positively. These developments reflect Old Second Bancorp’s strategic initiatives and financial performance, positioning it well for future endeavors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.