Old Second Bancorp, Inc. · NASDAQ:OSBC
Old Second Bancorp — Shareholder Meeting (May 2025)
27 slides from Old Second Bancorp's shareholder meeting presentation, May 20, 2025
Slide 1: 2025 Annual Meeting
2025 Annual Meeting May 20, 2025 James Eccher Chairman, President & CEO Bradley Adams EVP, Chief Operating Officer & Chief Financial Officer
Slide 2: Call to Order
Call to Order
Slide 3: Presenters
PAGE 3 Presenters James Eccher Chairman, President & CEO, OSBC President & CEO, OSNB jeccher@oldsecond.com 630-966-2433 Brad Adams Executive VP, Chief Operating Officer & Chief Financial Officer badams@oldsecond.com 630-906-5484 NASDAQ: OSBC May 20, 2025
Slide 4: Board of Directors
PAGE 4 Board of Directors Edward Bonifas Gary Collins James Eccher Barry Finn Dennis Klaeser Keith Kotche John Ladowicz Billy Lyons, Jr. Hugh McLean Patti Temple Rocks John Williams, Jr. Jill York
Slide 5: Appointed Proxies for Management
PAGE 5 Appointed Proxies for Management Bradley Adams Gary Collins
Slide 6: Quorum Represented / Notice of Meeting
PAGE 6 Quorum Represented / Notice of Meeting Inspector of Election Shirley Cantrell, Stockholder Relations Manager
Slide 7: Proposal 1: Election of Directors
Proposal 1 Proposal 1 Election of Directors • Edward Bonifas • Gary Collins • Keith Kotche • Jill York
Slide 8: Proposal 2: Advisory Vote on Executive Compensation
Proposal 2 Non-Binding Advisory Vote, To Approve Our Named Executive Officers’ Compensation
Slide 9: Proposal 3: Increase Authorized Shares
Proposal 3 Adopt an Amendment to our Restated Certificate of Incorporation to Increase the Number of Authorized Shares of Common Stock from 60,000,000 Shares, Par Value $1.00 Per Share, to 120,000,000, Par Value $1.00 Per Share
Slide 10: Proposal 4: Equity Incentive Plan Amendment
Proposal 4 Approval of the 2019 Equity Incentive Plan, As Amended and Restated, to Increase the Number of Shares of Common Stock Authorized for Issuance Under the Plan by 800,000 Shares, from 1,800,000 Shares to 2,600,000 Shares
Slide 11: Proposal 5: Frequency of Advisory Votes
Proposal 5 Non-Binding Advisory Vote on the Frequency of Future Advisory Votes on Compensation of our Named Executive Officers
Slide 12: Proposal 6: Ratify Independent Accountants
Proposal 6 Ratification of Our Independent Registered Public Accountants
Slide 13: 2025 Annual Meeting Financials Review
2025 Annual Meeting Financials Review As of March 31, 2025
Slide 14: Forward-Looking Statements
PAGE 14 Forward-Looking Statements CAUTIONARY NOTE REGARDING FORWARD‐LOOKING STATEMENTS This report and other publicly available documents of Old Second Bancorp, Inc. (“Old Second”) contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including, but
Slide 15: Forward-Looking Statements (continued)
PAGE 15 Forward-Looking Statements (continued) risks associated with actual or potential litigation or investigations by customers, regulatory agencies or others; economic, legislative or regulatory changes, including the impact of changes to Congress and the Office of the President, particularl
Slide 16: Creating the Leading Community Bank in Chicago
PAGE 16 Creating the Leading Community Bank in Chicago Chicago MSA Footprint as of 03/31/2025 Enhanced Scale In Attractive Markets $5.7B $3.9B $4.9B Assets Gross Loans Deposits Improved Profitability & Operating Efficiency 1.42% 14.70% 0.82% YTD Return YTD Return on YTD Cost on Average Average Tangi
Slide 17: Historical Financial Highlights
PAGE 17 Historical Financial Highlights YTD March Deposit Composition Q1-2025 2021 2022 2023 2024 2025 Total Assets ($000) 6,212,189 5,888,317 5,722,799 5,649,377 5,727,686 CD’s Total Net Loans ($000) 3,376,523 3,820,129 3,998,689 3,937,717 3,898,681 15% Total Deposits ($000) 5,466,232 5,110,723 4,5
Slide 18: Top Tier Community Bank Franchise
PAGE 18 Top Tier Community Bank Franchise Premier Deposit Franchise Well‐Positioned Balance Sheet YTD Cost of Deposits Uninsured Deposits(1) Loans / Deposits Cash + AFS Securities(2) Change in NIM (From Prior Year like Period)(3) 0.82% 25.5% 81.2% 24.5% 0.30% Strong Financial Performance Efficiency
Slide 19: Thank you for your attendance!
Thank you for your attendance!
Slide 20: Appendix 1: Supplemental Financial Data
Appendix 1: Supplemental Financial Data As of March 31, 2025
Slide 21: Equity and Risk Based Capital Measures
PAGE 21 Equity and Risk Based Capital Measures Years Ended 2021 2022 2023 2024 Q1 2025 ($ in thousands, except per share data) Tier 1 capital (1) Total equity before non‐CECL adjustments and deductions $ 505,825 $ 463,994 $ 579,182 $ 671,984 $ 694,491 Tier 1 adjustments: Trust preferred securities a
Slide 22: Equity and Risk Based Capital Measures
PAGE 22 Equity and Risk Based Capital Measures Years Ended 2021 2022 2023 2024 Q1 2025 ($ in thousands, except per share data) Tier 1 common equity (1) Tangible common equity $ 403,188 $ 364,083 $ 484,940 $ 559,546 $ 583,021 Tier 1 adjustments: Cumulative other comprehensive loss (8,768) 93,124 62,7
Slide 23: Appendix 2: Non-GAAP Reconciliations
Appendix 2: Non-GAAP Reconciliations As of March 31, 2025
Slide 24: Appendix 2: Non-GAAP Financial Measures
PAGE 24 Appendix 2: Non-GAAP Financial Measures YTD March 2021 2022 2023 2024 2025 Net Income‐GAAP $ 20,044 $ 67,405 $ 91,729 $ 85,264 $ 19,830 Reconcilation to Adjusted Net Income: Income before income taxes (GAAP) $ 27,867 $ 91,549 $ 124,408 $ 112,956 $ 26,200 Pre‐tax income adjustments: Provision
Slide 25: Appendix 2: Non-GAAP Financial Measures
PAGE 25 Appendix 2: Non-GAAP Financial Measures Net Interest Margin Tax Equivalent Non‐GAAP Reconciliation YTD March 2021 2022 2023 2024 2025 Interest income (GAAP) Non-GAAP Financial Measures291,970 $ 105,165 $ 216,473 $ $ 297,904 $ 73,565 Taxable‐equivalent adjustment: Loans 15 23 39 43 9 Securiti
Slide 26: Appendix 2: Non-GAAP Financial Measures
PAGE 26 Appendix 2: Non-GAAP Financial Measures Efficiency Ratio Non‐GAAP Reconciliation GAAP Non‐GAAP YTD March YTD March 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 Noninterest expense $ 103,782 $ 151,173 $ 145,201 $ 159,748 $ 44,505 $ 103,782 $ 151,173 $ 145,201 $ 159,748 $ 44,505 Less amor
Slide 27: Appendix 2: Non-GAAP Financial Measures
PAGE 27 Appendix 2: Non-GAAP Financial Measures Tangible Common Equity Non‐GAAP Reconciliations Years Ended YTD March 2021 2022 2023 2024 2025 Total equity $ 502,027 $ 461,141 $ 577,281 $ 671,034 $ 694,491 Less: Goodwill and intangible assets 102,636 100,156 97,695 115,291 114,226 Tangible common eq