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Stock impact report

1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared

1st Source Corporation (SRCE) 
Last 1st source corporation earnings: 4/23 09:20 am Check Earnings Report
US:NASDAQ Investor Relations: firstsource.com/investors
Company Research Source: Business Wire
QUARTERLY HIGHLIGHTS Net income was a record $22.20 million, up 16.11% over the first quarter of 2018. Diluted net income per common share was also a record of $0.86, up from the prior year’s first quarter of $0.73. Return on average assets increased to 1.43% and return on average common shareholders’ equity increased to 11.61% from 1.31% and 10.67%, respectively in the first quarter of 2018. Net charge-offs of $3.54 million and nonperforming assets to loans and leases of 0.49% compared to $0.34 million and 0.74%, respectively in the first quarter of 2018. Average loans and leases grew $269.40 million, up 5.87% from the first quarter of 2018. Average deposits grew $350.92 million, up 7.45% from the first quarter of 2018. Net interest income increased $4.42 million, up 8.74% from the first quarter of 201 Show less Read more
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