OLD SECOND BANCORP INC Earnings Per Share Disclosure
Note 13: Earnings Per Share
The earnings per share, both basic and diluted, are included below as of December 31, (in thousands except for per share data):
| | 2025 | | 2024 | | 2023 | ||||
Basic earnings per share: | ||||||||||
Weighted-average common shares outstanding | 48,875,540 | 44,828,290 | 44,663,722 | |||||||
Net income | $ | 80,310 | $ | 85,264 | $ | 91,729 | ||||
Basic earnings per share | $ | 1.64 | $ | 1.90 | $ | 2.05 | ||||
Diluted earnings per share: | ||||||||||
Weighted-average common shares outstanding | 48,875,540 | 44,828,290 | 44,663,722 | |||||||
Dilutive effect of unvested restricted awards 1 | 793,999 | 811,061 | 731,288 | |||||||
Diluted average common shares outstanding | 49,669,539 | 45,639,351 | 45,395,010 | |||||||
Net Income | $ | 80,310 | $ | 85,264 | $ | 91,729 | ||||
Diluted earnings per share | $ | 1.62 | $ | 1.87 | $ | 2.02 | ||||
1 Includes the common stock equivalents for restricted share rights that are dilutive. | ||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Mar 6, 2025 | |
| 2023 | Mar 7, 2024 | |
| 2022 | Mar 9, 2023 | |
| 2021 | Mar 10, 2022 | |
| 2020 | Mar 8, 2021 | |
| 2019 | Mar 6, 2020 | |
| 2018 | Mar 7, 2019 | |
| 2017 | Mar 13, 2018 | |
| 2016 | Mar 13, 2017 | |
| 2015 | Mar 11, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.