Old Second Bancorp Reports $28.9 Million Q3 Profit, Raises Dividend 14%

Old Second Bancorp posted $28.94 million in third-quarter net income and raised its quarterly dividend 14%, pairing higher sequential earnings with a larger cash payment to shareholders. For the quarter ended Sept. 30, diluted earnings were $0.56 per share and net income reached $28.940 million. The comparable second-quarter figures were $0.54 a share and $28.179 million. Adjusted net income was $28.5 million, with adjusted diluted earnings of $0.55 per share. Net interest income totaled $84.049 million and noninterest income was $13.070 million, for a combined $97.119 million.

Source: TokenPost