Interactive Brokers and Old Second Bancorp report Q3 earnings and dividend increases

Interactive Brokers Group has raised its quarterly dividend by 71 percent to $0.15 per share following a 16 percent increase in third-quarter net revenue, which reached $1.91 billion. The company reported GAAP diluted earnings of $0.69 per share, up from $0.59 in the previous year. Chairman Thomas Peterffy noted that the company aims to maintain dividends between 0.5 percent and 1 percent of market value.

Old Second Bancorp reported a third-quarter net income of $28.94 million, with diluted earnings of $0.56 per share. The company increased its quarterly dividend by 14 percent to $0.08 per share. While net interest income rose to $84.049 million, CEO Jim Eccher noted that loan losses remained higher than desired due to a specific commercial relationship.