Old Second Bancorp (OSBC)


Market Price (10/22/2026): $24.86 | Market Cap: $1.3 BilSector: Financials | Industry: Regional Banks

Old Second Bancorp (OSBC)


Market Price (10/22/2026): $24.86
Market Cap: $1.3 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.4%, FCF Yield is 11%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%

Low stock price volatility
Vol 12M is 23%

Megatrend and thematic drivers
Megatrends include Community & Regional Banking. Themes include Local Business Lending, Community Real Estate Finance, and Personalized Client Services.

Trading close to highs
Dist 52W High is -4.0%, Dist 3Y High is -4.0%

Key risks
OSBC key risks include [1] potential loan losses from adverse economic conditions, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.4%, FCF Yield is 11%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -33%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 31%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38%
4 Low stock price volatility
Vol 12M is 23%
5 Megatrend and thematic drivers
Megatrends include Community & Regional Banking. Themes include Local Business Lending, Community Real Estate Finance, and Personalized Client Services.
6 Trading close to highs
Dist 52W High is -4.0%, Dist 3Y High is -4.0%
7 Key risks
OSBC key risks include [1] potential loan losses from adverse economic conditions, Show more.

OSBC in ETFs

Weight = OSBC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.04%
KRE0.34%
AVUV0.13%
VTWO0.04%
SCHA0.03%
DFAS0.03%
+5 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/21/2026

Old Second Bancorp (OSBC) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Old Second Bancorp reported increased net income for fiscal Q3 2026, driven by an expanding net interest margin.

Net income rose to $28.9 million, or $0.56 per diluted share, in fiscal Q3 2026, compared to $28.2 million, or $0.54 per diluted share, in fiscal Q2 2026. The company's net interest margin (NIM) on a fully tax-equivalent basis widened to 5.27% in fiscal Q3 2026, marking a four-basis-point increase from 5.23% in the prior quarter and a 22-basis-point increase from 5.05% year-over-year. This margin expansion was a key factor in the bank's solid performance.

2. The company enhanced shareholder value through a significant dividend increase and share repurchase program.

Old Second Bancorp demonstrated a commitment to returning capital to shareholders by declaring a 14% increase in its common dividend for the upcoming quarter, raising it to $0.08 per share. Additionally, the bank executed a share repurchase program, buying back approximately 1.5 million shares, which accounted for roughly 3% of its total shares outstanding.

Show more
Updated on 10/21/2026

Old Second Bancorp (OSBC) stock has gained about 5% since 6/30/2026 because of the following key factors:

1. Old Second Bancorp reported increased net income for fiscal Q3 2026, driven by an expanding net interest margin.

Net income rose to $28.9 million, or $0.56 per diluted share, in fiscal Q3 2026, compared to $28.2 million, or $0.54 per diluted share, in fiscal Q2 2026. The company's net interest margin (NIM) on a fully tax-equivalent basis widened to 5.27% in fiscal Q3 2026, marking a four-basis-point increase from 5.23% in the prior quarter and a 22-basis-point increase from 5.05% year-over-year. This margin expansion was a key factor in the bank's solid performance.

2. The company enhanced shareholder value through a significant dividend increase and share repurchase program.

Old Second Bancorp demonstrated a commitment to returning capital to shareholders by declaring a 14% increase in its common dividend for the upcoming quarter, raising it to $0.08 per share. Additionally, the bank executed a share repurchase program, buying back approximately 1.5 million shares, which accounted for roughly 3% of its total shares outstanding.

3. Improved asset quality contributed positively to investor confidence.

Old Second Bancorp saw a decrease in its provision for credit losses, which fell to $6.8 million in fiscal Q3 2026 from $7.5 million in fiscal Q2 2026. The bank also reported encouraging declines in nonperforming loans by 30% and classified loans by 44%.

4. Favorable broader regional banking sector trends provided a supportive market environment.

The regional banking sector, including Old Second Bancorp, experienced strong performance during much of the specified period. The S&P Regional Bank ETF posted an 18.9% return year-to-date through July 29, 2026, outperforming the S&P 500. This sector momentum was largely fueled by net interest margin expansion and stable credit costs, aligning with Old Second Bancorp's operational strengths.

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Stock Movement Drivers

Fundamental Drivers

The 6.9% change in OSBC stock from 6/30/2026 to 10/21/2026 was primarily driven by a 6.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)630202610212026Change
Stock Price ($)23.2624.876.9%
Change Contribution By: 
Total Revenues ($ Mil)3543756.0%
Net Income Margin (%)24.3%24.6%1.3%
P/E Multiple14.213.8-2.7%
Shares Outstanding (Mil)52512.3%
Cumulative Contribution6.9%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/21/2026
ReturnCorrelation
OSBC6.9% 
Market (SPY)3.5%11.4%
Sector (XLF)4.5%48.3%

Fundamental Drivers

The 24.1% change in OSBC stock from 3/31/2026 to 10/21/2026 was primarily driven by a 12.6% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610212026Change
Stock Price ($)20.0424.8724.1%
Change Contribution By: 
Total Revenues ($ Mil)33337512.6%
Net Income Margin (%)24.1%24.6%2.2%
P/E Multiple13.213.84.9%
Shares Outstanding (Mil)53512.8%
Cumulative Contribution24.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/21/2026
ReturnCorrelation
OSBC24.1% 
Market (SPY)19.2%14.1%
Sector (XLF)13.9%46.1%

Fundamental Drivers

The 45.8% change in OSBC stock from 9/30/2025 to 10/21/2026 was primarily driven by a 50.3% change in the company's P/E Multiple.
(LTM values as of)930202510212026Change
Stock Price ($)17.0524.8745.8%
Change Contribution By: 
Total Revenues ($ Mil)28737530.8%
Net Income Margin (%)29.2%24.6%-15.6%
P/E Multiple9.213.850.3%
Shares Outstanding (Mil)4551-12.1%
Cumulative Contribution45.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 10/21/2026
ReturnCorrelation
OSBC45.8% 
Market (SPY)17.0%25.6%
Sector (XLF)5.3%54.5%

Fundamental Drivers

The 90.4% change in OSBC stock from 9/30/2023 to 10/21/2026 was primarily driven by a 118.2% change in the company's P/E Multiple.
(LTM values as of)930202310212026Change
Stock Price ($)13.0624.8790.4%
Change Contribution By: 
Total Revenues ($ Mil)27837534.8%
Net Income Margin (%)33.2%24.6%-25.7%
P/E Multiple6.313.8118.2%
Shares Outstanding (Mil)4551-12.8%
Cumulative Contribution90.4%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2023 to 10/21/2026
ReturnCorrelation
OSBC90.4% 
Market (SPY)87.1%42.6%
Sector (XLF)76.4%61.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
OSBC Return26%29%-2%17%11%30%169%
Peers Return50%-5%10%18%4%29%148%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
OSBC Win Rate67%58%50%58%58%70% 
Peers Win Rate68%40%52%52%52%64% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
OSBC Max Drawdown-21%-16%-36%-16%-26%-10% 
Peers Max Drawdown-16%-25%-33%-16%-28%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: WTFC, BUSE, BY, MSBI, QCRH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)

How Low Can It Go

EventOSBCS&P 500
2025 US Tariff Shock
  % Loss-23.2%-18.8%
  % Gain to Breakeven30.2%23.1%
  Time to Breakeven82 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-14.7%-9.5%
  % Gain to Breakeven17.2%10.5%
  Time to Breakeven71 days24 days
2023 SVB Regional Banking Crisis
  % Loss-34.6%-6.7%
  % Gain to Breakeven53.0%7.1%
  Time to Breakeven434 days31 days
2020 COVID-19 Crash
  % Loss-49.2%-33.7%
  % Gain to Breakeven96.9%50.9%
  Time to Breakeven344 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.1%-19.2%
  % Gain to Breakeven23.6%23.8%
  Time to Breakeven1254 days105 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-80.3%-15.4%
  % Gain to Breakeven407.6%18.2%
  Time to Breakeven1091 days125 days

Compare to WTFC, BUSE, BY, MSBI, QCRH

In The Past

Old Second Bancorp's stock fell -23.2% during the 2025 US Tariff Shock. Such a loss loss requires a 30.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventOSBCS&P 500
2025 US Tariff Shock
  % Loss-23.2%-18.8%
  % Gain to Breakeven30.2%23.1%
  Time to Breakeven82 days79 days
2023 SVB Regional Banking Crisis
  % Loss-34.6%-6.7%
  % Gain to Breakeven53.0%7.1%
  Time to Breakeven434 days31 days
2020 COVID-19 Crash
  % Loss-49.2%-33.7%
  % Gain to Breakeven96.9%50.9%
  Time to Breakeven344 days140 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-80.3%-15.4%
  % Gain to Breakeven407.6%18.2%
  Time to Breakeven1091 days125 days
2008-2009 Global Financial Crisis
  % Loss-84.3%-53.4%
  % Gain to Breakeven535.8%114.4%
  Time to Breakeven6349 days1085 days

Compare to WTFC, BUSE, BY, MSBI, QCRH

In The Past

Old Second Bancorp's stock fell -23.2% during the 2025 US Tariff Shock. Such a loss loss requires a 30.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Old Second Bancorp (OSBC)

Old Second Bancorp, Inc. (OSBC) operates as the bank holding company for Old Second National Bank, delivering comprehensive community banking services. The company's operations are primarily concentrated in Illinois, serving individuals, businesses, and not-for-profit clients through 63 banking centers across seven counties, including Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will.

The core of Old Second Bancorp's offerings includes a full suite of deposit products, such as checking, savings, money market, and certificate of deposit (CD) accounts. Its lending activities are diverse, providing commercial loans, lease financing, commercial and residential real estate loans (including mortgages and home equity lines of credit), construction loans, consumer loans (for vehicles and home improvements), and agricultural loans.

Beyond traditional banking, OSBC provides an array of financial services including trust and wealth management, safe deposit services, and modern conveniences like online and mobile banking. For its corporate clientele, the company offers advanced cash management solutions, such as remote deposit capture, investment sweep accounts, and automated clearing house (ACH) transactions, alongside investment, agency, and custodial services.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe Old Second Bancorp (OSBC):

  • It's like **PNC Financial Services**, but with its operations focused exclusively on specific counties in Illinois.
  • Think of it as a **smaller, Illinois-centric U.S. Bancorp**.

AI Analysis | Feedback

  • Deposit Accounts: Offers various types of accounts including checking, savings, money market, time deposits, and individual retirement accounts.
  • Loan Products: Provides a comprehensive suite of lending options for commercial, real estate, construction, consumer, installment, and agricultural needs.
  • Wealth Management and Trust Services: Delivers services for managing client assets, investments, and financial planning.
  • Corporate Cash Management: Offers specialized products designed to help businesses efficiently manage their cash flow and financial operations.
  • Digital Banking: Provides online and mobile platforms for convenient account access and remote banking services.
  • General Banking Services: Includes essential banking utilities such as safe deposit services, money orders, cashier's checks, foreign currency, and debit/credit cards.
  • Investment Services: Facilitates the acquisition of U.S. treasury notes and bonds and provides investment, agency, and custodial support.

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Major Customers of Old Second Bancorp (OSBC)

Old Second Bancorp, Inc., as a community bank, sells primarily to a broad range of customers within its local operating area in Illinois, encompassing individuals, businesses, and not-for-profit organizations. It does not have a few major customers; rather, its customer base is diverse. The company serves the following categories of customers:

  • Individuals: This category includes consumers utilizing personal banking services such as checking, savings, money market, and time deposit accounts, individual retirement accounts, residential real estate loans (first and second mortgages, home equity lines of credit), consumer loans (motor vehicle, home improvement, signature loans), and trust and wealth management services for personal financial planning.
  • Commercial Clients/Businesses: This category comprises businesses of various sizes seeking commercial loans, lease financing, commercial real estate loans, construction loans, and a comprehensive suite of corporate cash management products (including remote and mobile deposit capture, investment sweep accounts, ACH transactions, wire transfers, and vault services). It also includes businesses utilizing investment, agency, and custodial services.
  • Not-for-profit Organizations: The company provides investment, agency, and custodial services specifically tailored for not-for-profit clients.

AI Analysis | Feedback

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James L. Eccher, Chairman, President & Chief Executive Officer

James L. Eccher serves as the Chairman, President, and Chief Executive Officer of Old Second Bancorp, Inc. and Old Second National Bank. He joined Old Second National Bank in 1990 and held various positions, including President and Chief Executive Officer of Bank of Sugar Grove from 1996 to 1999, and Senior Vice President and Branch Director from 1999 to 2003. Mr. Eccher was appointed Chief Executive Officer and President of Old Second National Bank in 2003, elected as a director of both Old Second Bancorp and Old Second National Bank in 2006, and assumed his current position with the Bancorp in 2007.

Bradley S. Adams, EVP, Chief Operating Officer & Chief Financial Officer

Bradley S. Adams joined Old Second Bancorp in 2017 as Chief Financial Officer, and as of August 2023, also assumed the role of Chief Operating Officer. Prior to Old Second, he served as Executive Vice President and Director of Corporate Development & Strategy for TCF National Bank. From 2011 to 2016, he was the Executive Managing Director, Corporate Development, of Talmer Bancorp, Inc., where he oversaw internal financial reporting, budgeting, mortgage bank accounting, investor relations, strategic planning, and corporate development. Talmer Bancorp merged with Chemical Financial Corporation in August 2016. Earlier in his career, Mr. Adams was a Managing Director of W2 Freedom, LLC, a private investment fund manager focusing on community banks, and Director of Investor Relations for Fifth Third Bancorp.

Gary S. Collins, Vice Chairman

Gary S. Collins is the Vice Chairman of Old Second Bancorp, Inc. and Old Second National Bank. He previously held the position of Vice Chairman and Director of Talmer Bancorp, Inc. from 2011 to 2016. From 2010 to 2011, Mr. Collins served as Chairman and Co-Chief Executive Officer of Lake Shore Wisconsin Corporation, a bank holding company. He was also a founding Managing Director and Vice Chairman of The PrivateBank - Chicago from 1991 until 2009, where he played a key role in its growth and success by managing private client services.

Jordan Crain, Chief Risk Officer

Jordan Crain serves as the Chief Risk Officer for Old Second Bank.

Gregory Pike, Chief Credit Officer and Executive Vice President

Gregory Pike holds the position of Chief Credit Officer and Executive Vice President at Old Second Bank.

AI Analysis | Feedback

The key risks to Old Second Bancorp (OSBC) primarily stem from its operations as a community banking institution in Illinois, encompassing inherent financial industry challenges and specific exposures.

  1. Credit Risk: As a lending institution, Old Second Bancorp is inherently exposed to credit risk, which is the potential for borrowers to default on their loan obligations. This risk is highlighted by concerns over "Illinois focused credit risk flares up" and "rising credit normalization risks". More specifically, the bank has experienced "elevated net charge-offs in the Powersports book and a higher level of non performing assets than peers". The company's loan portfolio, which includes significant portions of commercial real estate (CRE), commercial & industrial, and residential/consumer loans, contributes to its overall credit exposure, with CRE exposure specifically noted as a key risk.
  2. Interest Rate Sensitivity: Old Second Bancorp's financial performance is significantly impacted by fluctuations in interest rates. Despite efforts to manage this, the bank's "net interest margin could face pressure in fluctuating rate environments, potentially impacting profitability". This sensitivity means that changes in interest rates can adversely affect the bank's earnings by altering interest rate-sensitive income and expenses.
  3. Regulatory Challenges and Intense Competition: As a banking institution, Old Second Bancorp is subject to extensive federal and state regulations. Changes in banking laws or policies could lead to increased compliance costs or limit the bank's operational flexibility and competitive position. Furthermore, the financial services industry is highly competitive, with OSBC facing pressure from traditional banks, credit unions, and emerging fintech companies. The threat of "digital only competitors start eroding Old Second's profitability assumptions" necessitates ongoing capital expenditure for digital capabilities to prevent customer churn.

AI Analysis | Feedback

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Old Second Bancorp, Inc. (OSBC) operates as a community bank primarily across Cook, DeKalb, DuPage, Kane, Kendall, LaSalle, and Will counties in Illinois. The addressable markets for its main products and services, predominantly within Illinois, can be estimated as follows:

Community Banking Services (Deposits)

The total deposits held at community bank branches in Illinois amounted to approximately $217.86 billion as of December 13, 2024.

Residential Real Estate Loans

The Illinois residential real estate market recorded 164,459 residential properties sold in the past year. As of December 2025, the median home price for single-family homes in Illinois was approximately $275,000. The median home sale price in Illinois was $279,900 as of January 15, 2026.

Commercial Loans (including Commercial Real Estate Loans)

The market size of the Commercial Banking industry in Illinois is projected to be $70.8 billion in 2026. This market includes commercial loans and commercial real estate loans. The U.S. commercial real estate mortgage market for income-producing properties is roughly $4.5 trillion, based on 2023 data.

Consumer Loans

In Illinois, before the Predatory Loan Prevention Act (PLPA) in 2021, consumers paid over $500 million annually in payday and auto title loan interest and fees. The total consumer debt in the U.S. increased to $16.38 trillion from 2021-2022. The average consumer debt in Illinois increased by 1.6% from 2021 to 2022, reaching $87,351.

Trust and Wealth Management Services

The market size of the Portfolio Management & Investment Advice industry in Illinois is estimated to be $28.7 billion in 2026.

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Expected Drivers of Future Revenue Growth for Old Second Bancorp (OSBC)

Old Second Bancorp (OSBC) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, organic loan expansion, enhanced digital banking services, and the continued growth of its wealth management and non-interest income streams.

  1. Strategic Acquisitions and Branch Expansion: Old Second Bancorp has demonstrated a robust acquisition strategy, which has significantly expanded its asset base, market presence, and customer reach. Recent examples include the acquisitions of Bancorp Financial and Evergreen Bank Group, leading to substantial loan growth and increased net interest and dividend income. Additionally, the acquisition of FRME's five Illinois branches contributed to deposit growth in Q4 2024, further indicating that strategic expansions will continue to be a key driver for revenue. The company's footprint has also extended into Cook and DuPage counties through branch transactions, allowing it to tap into new customer segments and diversify revenue.
  2. Organic Loan Growth: Beyond growth from acquisitions, the company aims to sustain mid-single-digit loan growth. This organic expansion of its loan portfolio across commercial, real estate, and consumer lending segments will directly contribute to an increase in interest income, a primary component of the bank's revenue.
  3. Digital Banking and Technology Investments: Investments in electronic banking services, including online and mobile banking, are positioned to attract tech-savvy customers and enhance operational efficiency. By capitalizing on the growing trend of digital banking, OSBC can expand its customer base and potentially introduce new digital product offerings, thereby driving future revenue growth.
  4. Expansion of Wealth Management and Non-Interest Income Services: Growth in wealth management services and other non-interest income categories is also anticipated to contribute to revenue. Non-interest income streams such as card-related income, wealth management, and service charges on deposits have shown positive trends. Old Second Bancorp has also expanded its wealth management team, indicating a focus on growing these fee-based services.

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Share Repurchases

  • Old Second Bancorp authorized a new share repurchase program on January 27, 2026, allowing for the repurchase of up to $43.9 million of its common stock, with the authorization extending through December 31, 2026.
  • A previous stock repurchase program was announced on December 18, 2024, authorizing the buyback of up to $39.1 million of common stock.
  • Share buybacks were authorized in 2024 to return capital to shareholders and enhance earnings per share.

Share Issuance

  • Shareholders of Old Second Bancorp experienced dilution over the past year, as of February 2026.

Capital Expenditures

  • Capital expenditures for Old Second Bancorp totaled $881,000 in the fourth quarter of 2025.
  • This figure represents a 28.1% decrease in capital expenditures from the prior quarter.

Peer Outperformance in Regional Banks

OSBC has outperformed 83% of its 259 Regional Banks peers over 5Y. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that OSBC has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
73%
of 281 industry peers · 39.4% return
3Y
45%
of 271 industry peers · 90.8% return
5Y
83%
of 259 industry peers · 97.9% return
No Regional Banks peer with a comparable growth profile has beaten OSBC by more than 20pp over 5Y.
Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is OSBC's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Reinsurance 6 29.3%70.9%117.9% SPNT 175% · RGA 150% · RNR 149%
Diversified Banks 12 28.8%148.1%90.6% CM 141% · RY 126% · JPM 124%
Life & Health Insurance 20 13.6%61.4%84.5% JXN 473% · UNM 291% · MFC 183%
Multi-Sector Holdings 4 9.7%58.8%71.2% BRK-B 88% · VOYA 54% · JEF 30%
Investment Banking & Brokerage 13 -12.1%102.8%70.1% IBKR 373% · SNEX 176% · GS 151%
Property & Casualty Insurance 42 13.6%80.6%63.8% TRV 174% · PGR 161% · ACGL 146%
Multi-line Insurance 9 7.7%67.3%58.4% GNW 98% · L 98% · AIZ 87%
Regional Banks ← 260 29.2%97.1%53.0% CBC 228% · FCNCA 161% · NIC 138%
Financial Exchanges & Data 15 7.8%36.5%29.9% CBOE 168% · VIRT 161% · CME 70%
Consumer Finance 30 -1.3%90.3%27.5% ENVA 413% · EZPW 325% · FCFS 154%
Insurance Brokers 15 -6.3%7.3%19.4% LIFE 416% · ARX 88% · AJG 66%
Diversified Financial Services 4 -4.1%22.5%5.3% FRHC 158% · EQH 83%
Asset Management & Custody Banks 84 -13.7%21.9%3.0% WT 296% · AAMI 257% · VCTR 244%
Commercial & Residential Mortgage Finance 15 -54.2%35.1%-5.8% FNMA 340% · FMCC 305% · ACT 149%
Specialized Finance 3 7.9%35.9%-12.1% CACC -12% · HASI -22%
Mortgage REITs 34 -21.7%-2.9%-35.1% RITM 25% · DX 17% · AGNC 6%
Transaction & Payment Processing Services 17 0.6%8.3%-36.6% V 84% · MA 80% · CPAY 47%
Diversified Capital Markets 20 -53.8%13.4%-63.7% LPLA 89% · TW 45% · RIOT -52%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

Title
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

OSBCWTFCBUSEBYMSBIQCRHMedian
NameOld Seco.Wintrust.First Bu.Byline B.Midland .QCR  
Mkt Price24.86147.4929.6437.4432.5799.4835.00
Mkt Cap1.39.92.51.70.71.61.7
Rev LTM3752,864790457292387422
Op Inc LTM-------
FCF LTM1421,573209162116793185
FCF 3Y Avg135986172149141503160
CFO LTM1461,644228165119859196
CFO 3Y Avg1431,050184153147553168

Growth & Margins

OSBCWTFCBUSEBYMSBIQCRHMedian
NameOld Seco.Wintrust.First Bu.Byline B.Midland .QCR  
Rev Chg LTM30.8%11.5%41.4%9.9%-11.6%17.3%14.4%
Rev Chg 3Y Avg11.3%9.5%21.1%9.8%-8.7%6.1%9.7%
Rev Chg Q29.0%10.1%-0.7%6.6%0.4%16.2%8.4%
QoQ Delta Rev Chg LTM6.0%2.4%-0.2%1.6%0.1%3.5%2.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM38.9%57.4%28.8%36.0%40.9%221.9%39.9%
CFO/Rev 3Y Avg46.6%39.5%31.3%35.9%44.4%153.2%41.9%
FCF/Rev LTM37.9%54.9%26.4%35.5%39.9%204.8%38.9%
FCF/Rev 3Y Avg43.6%36.9%29.4%35.0%42.7%139.4%39.8%

Valuation

OSBCWTFCBUSEBYMSBIQCRHMedian
NameOld Seco.Wintrust.First Bu.Byline B.Midland .QCR  
Mkt Cap1.39.92.51.70.71.61.7
P/S3.43.53.23.72.44.23.4
P/Op Inc-------
P/EBIT-------
P/E13.811.010.811.216.011.611.4
P/CFO8.76.111.010.15.81.97.4
Total Yield8.4%10.9%13.5%10.2%10.3%8.9%10.2%
Dividend Yield1.1%1.8%4.3%1.2%4.0%0.3%1.5%
FCF Yield 3Y Avg16.2%11.2%8.7%11.2%29.8%38.5%13.7%
D/E0.30.40.10.30.40.40.4
Net D/E-0.3-0.7-1.1-0.6-2.10.2-0.7

Returns

OSBCWTFCBUSEBYMSBIQCRHMedian
NameOld Seco.Wintrust.First Bu.Byline B.Midland .QCR  
1M Rtn0.1%0.3%-1.1%-0.1%-2.9%-0.1%-0.1%
3M Rtn6.5%-6.6%1.0%-0.5%6.6%3.5%2.2%
6M Rtn17.9%0.4%14.8%14.0%44.3%12.1%14.4%
12M Rtn39.4%15.6%32.6%41.0%107.7%40.3%39.9%
3Y Rtn90.7%109.0%74.8%107.9%88.3%110.8%99.3%
1M Excs Rtn2.2%3.3%1.1%2.5%0.4%1.5%1.8%
3M Excs Rtn2.6%-9.6%-2.2%-3.6%2.8%-1.1%-1.7%
6M Excs Rtn10.6%-6.9%7.6%6.7%37.0%4.8%7.1%
12M Excs Rtn28.2%4.5%18.8%27.7%95.6%29.1%28.0%
3Y Excs Rtn15.6%30.4%-1.9%24.1%11.6%32.8%19.8%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Community Banking333280281245133
Total333280281245133


Price Behavior

Price Behavior
Market Price$24.87 
Market Cap ($ Bil)1.3 
First Trading Date08/18/1995 
Distance from 52W High-4.0% 
   50 Days200 Days
DMA Price$25.12$22.27
DMA Trendupup
Distance from DMA-1.0%11.7%
 3M1YR
Volatility15.7%23.2%
Downside Capture32.9044.47
Upside Capture59.9879.74
Correlation (S&P 500)14.8%24.9%
OSBC Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.290.230.160.230.490.76
Up Beta-1.760.30-0.42-0.280.370.70
Down Beta0.150.08-0.35-0.340.240.80
Up Capture39%10%53%67%72%55%
Bmk +ve Days6162766132424
Stock +ve Days9213576139393
Down Capture82%46%32%47%54%90%
Bmk -ve Days16263760120328
Stock -ve Days12202848110348

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSBC
OSBC42.2%23.2%1.44-
Sector ETF (XLF)7.5%14.4%0.2751.9%
Equity (SPY)16.2%12.7%0.9024.1%
Gold (GLD)-6.0%29.0%-0.22-2.2%
Commodities (DBC)50.2%20.7%1.85-23.7%
Real Estate (VNQ)3.1%13.8%-0.0334.8%
Bitcoin (BTCUSD)-25.3%43.4%-0.559.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSBC
OSBC15.0%29.2%0.49-
Sector ETF (XLF)9.7%18.3%0.3961.9%
Equity (SPY)13.6%17.1%0.6144.7%
Gold (GLD)17.7%18.9%0.76-2.4%
Commodities (DBC)9.5%19.5%0.378.0%
Real Estate (VNQ)1.1%18.9%-0.0542.7%
Bitcoin (BTCUSD)7.6%51.7%0.3317.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with OSBC
OSBC12.9%34.7%0.44-
Sector ETF (XLF)13.1%22.1%0.5465.7%
Equity (SPY)15.5%17.9%0.7348.3%
Gold (GLD)12.2%16.4%0.61-5.3%
Commodities (DBC)8.2%18.1%0.3717.0%
Real Estate (VNQ)5.2%20.7%0.2146.9%
Bitcoin (BTCUSD)62.6%66.2%1.0213.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9302026
Short Interest: Shares Quantity2.7 Mil
Short Interest: % Change Since 915202611.2%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest5.4 days
Basic Shares Quantity51.3 Mil
Short % of Basic Shares5.4%

Earnings Returns History

Updated 10/19/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20260.4%8.0%7.9%
4/22/2026-6.4%-3.3%-0.3%
1/21/2026-1.0%-9.1%-3.9%
10/22/2025-0.5%2.1%0.4%
7/23/2025-4.4%-6.8%-5.1%
4/23/20250.9%2.5%7.3%
1/22/2025-2.4%0.0%-1.6%
10/16/20245.7%3.1%15.9%
...
SUMMARY STATS   
# Positive111414
# Negative1299
Median Positive3.4%6.1%9.1%
Median Negative-2.9%-4.5%-4.5%
Max Positive5.7%13.4%20.8%
Max Negative-7.3%-11.4%-12.4%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/22/20260.4%8.0%7.9%
4/22/2026-6.4%-3.3%-0.3%
1/21/2026-1.0%-9.1%-3.9%
10/22/2025-0.5%2.1%0.4%
7/23/2025-4.4%-6.8%-5.1%
4/23/20250.9%2.5%7.3%
1/22/2025-2.4%0.0%-1.6%
10/16/20245.7%3.1%15.9%
7/17/2024-2.2%-0.1%-5.4%
4/17/20242.2%7.9%10.5%
1/24/2024-7.3%-11.4%-12.4%
10/18/20232.2%-1.5%7.9%
7/19/20233.4%9.4%1.9%
4/19/2023-3.3%-10.8%-11.3%
1/25/20234.7%8.9%8.7%
10/26/20224.9%13.4%20.8%
7/27/2022-4.1%-3.7%-3.0%
4/27/20224.2%8.1%12.0%
1/26/2022-1.3%1.5%5.6%
7/21/2021-4.0%-4.5%-4.5%
4/21/20210.4%5.2%9.8%
1/27/2021-0.9%7.0%20.7%
10/21/20203.5%0.4%9.5%
SUMMARY STATS   
# Positive111414
# Negative1299
Median Positive3.4%6.1%9.1%
Median Negative-2.9%-4.5%-4.5%
Max Positive5.7%13.4%20.8%
Max Negative-7.3%-11.4%-12.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/26/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/09/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/07/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/09/202310-K
09/30/202211/08/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/26/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/09/202510-Q
12/31/202403/06/202510-K
09/30/202411/07/202410-Q
06/30/202408/08/202410-Q
03/31/202405/09/202410-Q
12/31/202303/07/202410-K
09/30/202311/08/202310-Q
06/30/202308/08/202310-Q
03/31/202305/09/202310-Q
12/31/202203/09/202310-K
09/30/202211/08/202210-Q
06/30/202208/08/202210-Q
03/31/202205/09/202210-Q
12/31/202103/10/202210-K
09/30/202111/05/202110-Q
06/30/202108/06/202110-Q
03/31/202105/07/202110-Q
12/31/202003/08/202110-K
09/30/202011/06/202010-Q
06/30/202008/10/202010-Q
03/31/202005/11/202010-Q
12/31/201903/06/202010-K
09/30/201911/07/201910-Q

Insider Activity

Updated 10/1/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Collins, Gary SVICE CHAIRMANDirectSell923202624.6916,000395,080349,053Form
2Collins, Gary SVICE CHAIRMANIRASell911202625.705,000128,5251,365,863Form
3McLean, Hugh HDirectSell908202625.6325,000640,7683,469,141Form
4McLean, Hugh HDirectSell903202625.7325,000643,1753,482,175Form
5Campbell, Darin PatrickPresident, Powersports LendingDirectSell903202625.5324,000612,7926,398,289Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Collins, Gary SVICE CHAIRMANDirectSell923202624.6916,000395,080349,053Form
2Collins, Gary SVICE CHAIRMANIRASell911202625.705,000128,5251,365,863Form
3McLean, Hugh HDirectSell908202625.6325,000640,7683,469,141Form
4McLean, Hugh HDirectSell903202625.7325,000643,1753,482,175Form
5Campbell, Darin PatrickPresident, Powersports LendingDirectSell903202625.5324,000612,7926,398,289Form
6Eccher, JamesCHAIRMAN AND CEODirectSell813202625.6119,313494,7017,771,535Form
7Eccher, JamesCHAIRMAN AND CEODirectSell812202625.4655,6871,417,7638,216,086Form
8Collins, Gary SVICE CHAIRMANIRASell526202621.125,120108,1341,227,834Form
9Collins, Gary SVICE CHAIRMANIRASell521202621.1210,000211,2001,335,969Form
10Pilmer, DonaldEVPDirectSell511202620.7525,000518,795997,207Form
11Collins, Gary SVICE CHAIRMANDirectSell511202621.2410,000212,400640,089Form
12Collins, Gary SVICE CHAIRMANIRASell511202621.235,000106,1251,554,860Form
13Collins, Gary SVICE CHAIRMANDirectSell323202619.3822,154429,435778,000Form
14Campbell, Darin PatrickPresident, Powersports LendingDirectSell218202620.70911,8846,408,492Form
15Gartelmann, Richard A JREVPDirectSell205202620.982,00041,950521,732Form
16Ladowicz, JohnIRASell116202620.954,76299,7563,035,262Form
17Ladowicz, JohnIRASell1209202520.0012,500250,0002,993,080Form
18Ladowicz, JohnIRASell1126202519.0113,150249,9913,082,661Form
19Campbell, Darin PatrickPresident, Powersports LendingIRASell1106202517.8931,159  Form
20Campbell, Darin PatrickPresident, Powersports LendingIRASell1106202518.2726,406482,329569,147Form

Investor Activity (13F)

Updated Oct 22, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Stieven Capital Advisors, L.P.$15.6 Mil3.3%35Hold13F
Active Manager
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Stieven Capital Advisors, L.P.$15.6 Mil3.3%35Hold13F
Core Cache Last Updated: 10/21/2026