Old Second Reports Fourth Quarter 2016 Net Income of $5.0 Million

Old Second Bancorp, (NASDAQ:OSBC), parent company of Old Second National Bank, announced financial results for the fourth quarter of 2016 and the year ended December 31, 2016. The Company reported net income of $5.0 million for the fourth quarter of 2016, compared to net income of $3.8 million in the fourth quarter of 2015.
As quoted in the press release:

The Company’s net income available to common stockholders was $5.0 million, or $0.17 per diluted share, for the fourth quarter of 2016, as compared to $3.8 million, or $0.13 per diluted share, in the fourth quarter of 2015. For the year ended December 31, 2016, net income available to common stockholders was $15.7 million, or $0.53 per diluted share, as compared to $13.5 million, or $0.46 per diluted share, for the year ended December 31, 2015.

Click here for the full text release.