Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 83

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 83
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 which all or a portion of the transaction consideration was in the form of publicly traded common stock of the acquiror; • Tangible equity premium to core deposits (total deposits less time deposits greater than $100,000) of the acquired company, referred to as core deposit premium; and • Price per common share to LTM EPS of the acquired company (in the case of selected transactions involving a private acquired company, this transaction statistic was calculated as total transaction consideration divided by LTM earnings). The resulting transaction statistics for the selected transactions were compared with the corresponding transaction statistics for the proposed merger based on the implied transaction value as of February 14, 2025 for the merger of $64.46 per outstanding share of Bancorp Financial common stock, or approximately $202 million in the aggregate, and using historical financial information for Bancorp Financial as of, or for the 12-month period ended, December 31, 2024. The results of the analysis are set forth in the following table (excluding the impact of the LTM EPS multiple of one of the selected transactions, which multiple was considered not meaningful because it was equal to 0.0x):

| ​                           | ​ | ​ | ​                              | ​ | ​ | Selected Transactions |   |   |         |   |   |        |   |   |                | ​ |
| ​                           | ​ | ​ | Old Second /​Bancorp Financial | ​ | ​ | 75thPercentile        | ​ | ​ | Average | ​ | ​ | Median | ​ | ​ | 25thPercentile | ​ |
| Price / Tangible Book Value | ​ | ​ | 1.35x                          | ​ | ​ | 1.58x                 | ​ | ​ | 1.34x   | ​ | ​ | 1.29x  | ​ | ​ | 1.06x          | ​ |
| Pay / Trade                 | ​ | ​ | 88.9%                          | ​ | ​ | 97.0%                 | ​ | ​ | 88.8%   | ​ | ​ | 87.2%  | ​ | ​ | 81.3%          | ​ |
| Core Deposit Premium        | ​ | ​ | 6.7%                           | ​ | ​ | 9.1%                  | ​ | ​ | 4.6%    | ​ | ​ | 3.3%   | ​ | ​ | 0.7%