Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 80

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 80
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. Using publicly available information, KBW compared the financial performance, financial condition and market performance of Old Second to 26 selected major exchange-traded banks headquartered in the Midwest region of the U.S. with total assets between $5.0 billion and $10.0 billion. Pathward Financial, Inc., which has a specialty business model, was excluded from the selected companies. The selected companies were as follows (shown by column in descending order of total assets):

| ​ | Park National Corporation       | ​ | ​ | 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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| ​ | 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).