According to documents submitted to the U.S. Securities and Exchange Commission (SEC), Old Second Bancorp has approved a new stock repurchase program with an authorized amount of up to $61.2 million.

The validity period of this plan will begin on July 1, 2026 and continue until June 30, 2027. This initiative marks the management's confidence in the company's future prospects and a continued commitment to returning capital to shareholders. By repurchasing outstanding shares, the company aims to increase earnings per share and potentially provide support for the stock price. The new authorization provides a clear guideline for capital allocation strategy for the coming year. Investors usually closely monitor such buyback plans, regarding them as an important indicator of the company's financial health and cash flow generation ability.