Old Second Projects Net Interest Margin at 5.18% in Q3 and 5.15% in Q4 as Buybacks Continue
Old Second Bancorp (NASDAQ: OSBC) projected a net interest margin of approximately 5.18% for the third quarter and 5.15% for the fourth quarter, while continuing its share buyback program. The company reported second-quarter GAAP net income of $28.2 million or $0.54 per diluted share with a return on assets of 1.65%.
Tickers: $OSBC
Topics: earnings net income return on assets