Old Second Bancorp, Inc. Reports Impressive Net Income of $23.6 Million in Q1 2023
Revenue Remains Strong as Old Second Bancorp, Inc. Posts Quarterly Revenue of $70.2 Million
By NewsInMinuttes
Published - Jul 20, 2023, 04:04 PM ET
Last Updated - Jul 20, 2023, 04:04 PM EDT
Old Second Bancorp, Inc.(OSBC), a leading financial institution, recently released its unaudited consolidated financial statements for the first quarter ended March 31, 2023. The report showcases the company's solid performance, with a remarkable net income of $23.6 million and strong revenue of $70.2 million during the quarter.
Net Income/Loss
Old Second Bancorp, Inc. achieved a significant net income of $23.6 million in the first quarter of 2023. This represents a substantial increase from the corresponding period in the previous year and reflects the bank's successful management of its financial operations.
Revenue
