Earnings Call Summary | Old Second Bancorp(OSBC.US) Q1 2024 Earnings Conference
Earnings Call Summary | Old Second Bancorp(OSBC.US) Q1 2024 Earnings Conference
The following is a summary of the Old Second Bancorp, Inc. (OSBC) Q1 2024 Earnings Call Transcript:
以下是Old Second Bancorp, Inc.（OSBC）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Old Second Bancorp reported Q1 2024 net income of $21.3 million or $0.47 per diluted share.
The company's return on assets was 1.51% and return on average tangible common equity was 17.8%.
Total loans decreased by $73.5 million from the prior linked quarter due to some large credits pay-offs.
First-quarter earnings were impacted negatively by $3.5 million of provision for credit losses, reducing after-tax earnings by $0.06 per share.
The tangible common equity ratio increased by 51 basis points linked quarter, standing at 9.04%.
Noninterest income growth noted in Bank-Owned Life Insurance (BOLI) and mortgage banking income.
Old Second Bancorp公佈的2024年第一季度淨收益爲2,130萬美元，攤薄後每股收益爲0.47美元。
該公司的資產回報率爲1.51％，平均有形普通股回報率爲17.8％。
由於一些大額信貸的回報，貸款總額比上一個關聯季度減少了7,350萬美元。
第一季度收益受到350萬美元信貸損失準備金的負面影響，使每股稅後收益減少0.06美元。
有形普通股比率環比上升了51個點子，爲9.04％。
銀行自有人壽保險（BOLI）和抵押貸款銀行收入顯示非利息收入增長。
Business Progress:
業務進展：
Old Second Bancorp is focusing on managing liquidity, building capital, and enhancing long-term commercial loan origination capability.
The organization plans to balance the earnings asset mix, reducing overall sensitivity to interest rates, and expand its fixed-rate product portfolio.
Classified and criticized loans have depreciated by almost 31% from the previous year, showing efficient credit risk management.
The company plans to grow the securities portfolio, potentially adding around $100 to $300 million over the next 12 months.
Expectations remain for another strong financial year in 2024 and also aerial growth in the loan portfolio.
Despite challenges, emphasis remains on managing stress in office and healthcare areas, along with a significant portion of classified loans being purchase participations and SNC credits.
No major plans for M&As are expected, with focus diverted to reinvestment into higher yielding opportunities and prospects for loan growth.
Old Second Bancorp targets to maintain the balance sheet average rather than the period end, without planned shrinkage.
Old Second Bancorp專注於管理流動性、積累資本和增強長期商業貸款發放能力。
該組織計劃平衡收益資產組合，降低對利率的總體敏感度，並擴大其固定利率產品組合。
保密和批評貸款比上年貶值了近31％，顯示出有效的信用風險管理。
該公司計劃擴大證券投資組合，可能在未來12個月內增加約1億至3億美元。
人們仍然預計2024年將迎來又一個強勁的財政年度，貸款組合也將實現空中增長。
儘管面臨挑戰，但重點仍然放在管理辦公和醫療領域的壓力上，分類貸款的很大一部分是購買參與和SNC信貸。
預計不會有任何重大的併購計劃，重點將轉移到對更高收益的機會和貸款增長前景的再投資上。
Old Second Bancorp的目標是維持資產負債表的平均水平，而不是期末，不進行計劃性縮減。
More details: Old Second Bancorp IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。