Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 80

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 80
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 with total assets between $1.0 billion and $2.0 billion and Core LTM ROAA below 0.75%. KBW also reviewed the market performance of the selected companies.

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TABLE OF CONTENTS

The selected companies were as follows (shown by column in descending order of total assets):

| ​ | First Community Corporation          | ​ | ​ | First Financial Northwest, Inc.    | ​ |
| ​ | National Bankshares, Inc.            | ​ | ​ | AmeriServ Financial, Inc.          | ​ |
| ​ | Provident Bancorp, Inc.              | ​ | ​ | ECB Bancorp, Inc.                  | ​ |
| ​ | Union Bankshares, Inc.               | ​ | ​ | FB Bancorp, Inc.                   | ​ |
| ​ | Riverview Bancorp, Inc.              | ​ | ​ | Broadway Financial Corporation     | ​ |
| ​ | Richmond Mutual Bancorporation, Inc. | ​ | ​ | BayFirst Financial Corp.           | ​ |
| ​ | Pathfinder Bancorp, Inc.             | ​ | ​ | Provident Financial Holdings, Inc. | ​ |
| ​ | Old Point Financial Corporation      | ​ | ​ | Summit State Bank                  | ​ |
| ​ | BankFinancial Corporation            | ​ | ​ | SR Bancorp, Inc.                   | ​ |

To perform this analysis, KBW used profitability and other financial information for the latest 12 months available or as of the end of such period and market price information as of February 14, 2025. In addition, KBW used EPS estimates of the selected companies taken from consensus “street estimates” for the selected companies to the extent publicly available (consensus “street estimates” for 2025 were not publicly available for 11 of the selected companies and consensus “street estimates” for 2026 were not publicly available for 12 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 three of the selected companies). Certain financial data presented in the tables below may not correspond to the data presented in Bancorp Financial’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 concerning the financial performance of Bancorp Financial and the selected companies:

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