Old Second Bancorp chairman and CEO Eccher sells $1.4m in shares By Investing.com

James Eccher, Chairman and CEO of Old Second Bancorp, Inc. (), disposed of 55,687 shares of the company’s common stock on August 11, 2026. The transactions amounted to a total value of $1,417,763, with shares sold at a weighted average price of $25.4595. The individual sale prices for these transactions ranged from $25.30 to $25.6050. The sale comes as the stock trades near its 52-week high of $26.04, following a remarkable 47% gain over the past year. Despite this strong performance, InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value.

These sales were conducted pursuant to a Rule 10b5-1 trading plan, which Mr. Eccher adopted on May 1, 2026.

Following these transactions, Mr. Eccher directly holds 322,712 shares of Old Second Bancorp, Inc. common stock. He also holds 33,498 shares indirectly through a 401-K plan and 6,378 shares indirectly through a Profit Sharing plan. Additionally, Mr. Eccher directly holds 188,252 Restricted Stock Units. For deeper insights into OSBC’s valuation and performance metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Old Second Bancorp reported its second-quarter 2026 financial results, revealing a net income of $28.2 million, or $0.54 per share. This figure fell slightly short of Wall Street’s expectations of $0.55 per share. However, the bank’s revenue of $96.59 million exceeded forecasts of $94.85 million. The Illinois-based bank achieved a tax-equivalent net interest margin of 5.23%, which is notably high among regional lenders. Net interest income rose to $83.3 million, marking an increase of nearly 30% from the previous year, driven by a wider margin and higher loan yields. Credit trends showed improvement, with a 30% reduction in special mention loans and a 25% decline in nonperforming assets during the quarter. Management expressed intentions to continue stock buybacks and remain open to small, well-priced acquisitions. These recent developments highlight Old Second Bancorp’s strong operating leverage and steady fee income in a favorable rate environment.

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