Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 83

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 83
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 ​ | German American Bancorp, Inc.    | ​ |
| ​ | Capitol Federal Financial, Inc. | ​ | ​ | MidWestOne Financial Group, Inc. | ​ |
| ​ | Byline Bancorp, Inc.            | ​ | ​ | Community Trust Bancorp, Inc.    | ​ |
| ​ | Peoples Bancorp Inc.            | ​ | ​ | Mercantile Bank Corporation      | ​ |
| ​ | QCR Holdings, Inc.              | ​ | ​ | Great Southern Bancorp, Inc.     | ​ |
| ​ | 1st Source Corporation          | ​ | ​ | First Internet Bancorp           | ​ |
| ​ | Stock Yards Bancorp, Inc.       | ​ | ​ | First Financial Corporation      | ​ |
| ​ | Nicolet Bankshares, Inc.        | ​ | ​ | Independent Bank Corporation     | ​ |

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TABLE OF CONTENTS

| ​ | Horizon Bancorp, Inc.          | ​ | ​ | Equity Bancshares, Inc.      | ​ |
| ​ | Midland States Bancorp, Inc.   | ​ | ​ | Alerus Financial Corporation | ​ |
| ​ | First Mid Bancshares, Inc.     | ​ | ​ | Farmers National Banc Corp.  | ​ |
| ​ | Republic Bancorp, Inc.         | ​ | ​ | Bridgewater Bancshares, Inc. | ​ |
| ​ | Lakeland Financial Corporation | ​ | ​ | HBT Financial, Inc.          | ​ |

To perform this analysis, KBW used profitability and other financial information for the most recent completed fiscal quarter or latest 12 months available or as of the end of such periods and market price information as of February 14, 2025. In addition, KBW used EPS estimates of Old Second and the selected companies taken from consensus “street estimates” to the extent publicly available (consensus “street estimates” for 2026 were not publicly available for one of the selected companies). Where consolidated holding company level financial data for the selected companies was unreported, subsidiary bank level data was utilized to calculate ratios (subsidiary bank level data necessary to calculate CET1 Ratio and Total Capital Ratio was also unreported for two of the selected companies). Certain financial data presented in the tables below may not correspond to the data presented in Old Second’s historical financial statements as a result of the different periods, assumptions and methods used by KBW to compute the financial data presented. KBW’s analysis showed the following