OLD SECOND BANCORP INC

Old Second Bancorp, Inc. has authorized a new share repurchase program, allowing the company to buy back up to $61.2 million of its common stock. This program will run from July 1, 2026, to June 30, 2027, and has received non-objection from the Federal Reserve Bank of Chicago. The new program will commence after the current share repurchase plan expires on June 30, 2026.

Dennis Klaeser resigned from the Board of Directors of Old Second Bancorp, Inc. and its subsidiary bank, Old Second National Bank, effective June 5, 2026. Mr. Klaeser, who served for five years and on five key committees, stated his honor in serving. The company confirmed his departure was not due to any disagreement and will not immediately fill the vacancy, reducing the board size by one.

Old Second Bancorp, Inc. announced that its Annual Stockholders Meeting was held on May 19, 2026. The company also stated that the presentation materials from the meeting are accessible to shareholders and investors under the "Presentations" tab on the Investor Relations section of its official website.

Old Second Bancorp, Inc. reported net income of $25.6 million, or $0.48 per diluted share, for the first quarter of 2026. This represents a decrease compared to the fourth quarter of 2025, which saw net income of $28.8 million, or $0.54 per diluted share. Adjusted net income for Q1 2026 was $26.0 million, with adjusted diluted earnings per share of $0.49.