Heritage Financial Corporation (HFWA) vs Old Second Bancorp, Inc. (OSBC)
A side-by-side comparison of Heritage Financial Corporation and Old Second Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — HFWA vs OSBC
growth of $100 · dividends reinvested · last 10yHFWA vs OSBC: by the numbers
- •OSBC is the larger company ($1.29B vs $1.15B market cap).
- •HFWA trades at the lower trailing earnings multiple (13.17 vs 14.41 P/E), one valuation lens rather than an overall verdict.
- •HFWA converts more revenue to profit (23.17% vs 21.50% net margin).
- •OSBC grew revenue faster over the past five years (25.53% vs 5.82% CAGR).
- •HFWA pays the higher dividend yield (3.48% vs 1.11%).
Metrics side by side
Valuation
| Metric | HFWA | OSBC |
|---|---|---|
| P/E ratio | 13.17 | 14.41 |
| Forward P/E | 14.10 | 11.45 |
| PEG ratio | 1.51 | 1.20 |
| P/S ratio | 3.41 | 3.00 |
| P/B ratio | 1.03 | 1.43 |
Profitability
| Metric | HFWA | OSBC |
|---|---|---|
| Operating margin | 23.15% | 29.60% |
| Net margin | 23.17% | 21.50% |
| ROE | 7.02% | 10.24% |
Heritage Financial Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Old Second Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | HFWA | OSBC |
|---|---|---|
| Dividend yield | 3.48% | 1.11% |
| Payout ratio | 45.97% | 16.09% |
Growth (annualized)
| Metric | HFWA | OSBC |
|---|---|---|
| Revenue CAGR (5Y) | 5.82% | 25.53% |
| EPS CAGR (5Y) | 9.06% | 11.78% |
| Total return CAGR (5Y) | 5.89% | 14.78% |
Frequently asked
- Which has the lower trailing P/E, HFWA or OSBC?
- HFWA has the lower trailing P/E: HFWA trades at 13.17 and OSBC at 14.41. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HFWA or OSBC?
- Over the past five years, OSBC grew revenue faster — HFWA at a 5.82% CAGR versus OSBC at 25.53%.
- Does HFWA or OSBC pay a bigger dividend?
- HFWA yields 3.48% and OSBC yields 1.11% based on trailing dividends and the latest price.
- Is HFWA or OSBC more profitable?
- HFWA runs the higher net margin — HFWA at 23.17% versus OSBC at 21.50%.
- How have HFWA and OSBC total returns compared?
- Over the past 10 years, HFWA delivered 8.02% and OSBC delivered 12.68% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Heritage Financial & Old Second Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.