OSBCOLD SECOND BANCORP INC
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $1.2B
- Employees
- 650
- Net debt / EBITDA
- —
- $325M net debt
- AI in 10-K
- 1.8
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$2M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo152% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo16% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo2% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.8 per 10K words · 52nd pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$1.2B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$7M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $20M | $67M | $92M | $85M | $80M | 5.8% |
| Operating cash flow | $31M | $97M | $116M | $132M | $122M | 7.0% |
| Capex | $2M | $4M | $12M | $11M | $5M | 58% |
| Stock-based comp | $1M | $3M | $4M | $4M | $6M | 42% |
| Buybacks | $10M | $455K | $605K | $1M | $7M | 607% |
| Dividends | $5M | $9M | $9M | $9M | $12M | 30% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $502 · 1
- Open-market sells, 12 mo
- $7M · 20
- Net
- −$7M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $3M | 107 | 96 |
| FY2024 | $3M | $3M | 86 | 48 |
| FY2023 | $2M | $2M | 20 | -3 |
| FY2022 | $2M | $2M | 23 | -2 |
| FY2021 | $2M | $2M | -5 | 24 |