Earnings Insights: Old Second Bancorp’s Q3 2024 Performance
A Strong Quarter Ahead
Good morning, everyone! Welcome to Old Second Bancorp’s Third Quarter 2024 Earnings Call. We’re excited to share our latest financial results and insights with you. Joining me today are Brad Adams, our Chief Operating Officer and Chief Financial Officer, and Gary Collins, our Vice Chairman of the Board.
Forward-Looking Statements and Risk Factors
Before we dive in, a quick reminder: our comments today will contain forward-looking statements about our business, strategies, and prospects. These statements are based on our current expectations and are subject to change. Please refer to our SEC filings for a comprehensive discussion of our risk factors.
Non-GAAP Financial Measures
We’ll also be discussing certain non-GAAP financial measures today. You can find these measures described and reconciled to their GAAP counterparts in our earnings release, available on our website at oldsecond.com.
Jim Eccher’s Overview
Now, let’s get started! I’ll share my thoughts on the quarter and then hand it over to Brad for a deeper dive into the numbers. After that, I’ll wrap up with some key takeaways.
A Quarter of Progress
Our third quarter results demonstrate our continued progress in executing our strategic plan. We’ve made significant strides in strengthening our balance sheet, improving our operating efficiency, and enhancing our risk management practices. These efforts have positioned us well for future growth and profitability.
Brad Adams’ Financial Insights
Brad will now provide a more detailed analysis of our financial performance, including our revenue growth, expense management, and capital position.
Financial Highlights
Our Q3 results showcase several financial highlights, including a strong increase in net income, improved return on equity, and a solid capital position. Brad will walk you through these numbers and provide context on our financial performance.
Summary Comments
In closing, I’m pleased with our progress this quarter and confident in our ability to continue delivering value to our shareholders. Thank you for your attention, and we’ll now open the call for questions.
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