1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $124.93 million for the year of 2023, up 3.67% from 2022 and was $28.43 million for the fourth quarter of 2023, down 13.69% from the previous quarter and down 8.49% from the fourth quarter of 2022. Diluted net income per common share was a record $5.03 for the year of 2023, up 3.93% from 2022 and was $1.15 for the fourth quarter of 2023, down 12.88% from the previous quarter and down 8.00% from the prior year's fourth quarter due...
2024-01-18 4:05 PM EST
1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Increased
QUARTERLY HIGHLIGHTS Net income was a record $32.94 million for the quarter, up $0.20 million or 0.62% from the third quarter of 2022. Diluted net income per common share was $1.32, equal to the prior year's third quarter. Cash dividend of $0.34 per common share was approved, up 6.25% from the cash dividend declared a year ago. Average loans and leases grew $104.73 million in the third quarter, up 1.71% (6.84% annualized growth) from the previous quarter and $618.17 million, up 10.98% from...
2023-10-19 4:05 PM EDT
1st Source Corporation Reports Strong Second Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $32.44 million for the quarter, up $3.12 million or 10.65% from the second quarter of 2022. Diluted net income per common share was $1.30, up $0.12 or 10.17% from the prior year's second quarter of $1.18. Cash dividend of $0.32 per common share was approved, equal to the cash dividend declared a year ago. Average loans and leases grew $104.95 million in the second quarter, up 1.74% (6.96% annualized growth) from the previous quarter and $673.35 million, up...
2023-07-20 4:21 PM EDT
1st Source Bank Takes Top Spot in Indiana in "Best In State Banks" by Forbes Ranking
South Bend, Indiana--(Newsfile Corp. - June 22, 2023) - Forbes recently announced the results of a survey conducted in partnership with market research firm Statista, which recognized 1st Source Bank as the No. 1 bank in Indiana as part of the "Best In State Banks" list, also marking the second consecutive year 1st Source Bank has made the list. 31,000 Americans were asked to provide an overall satisfaction score for every bank where they have held a checking and/or savings account....
2023-06-22 3:02 PM EDT
1st Source Performance Earns Inclusion in the KBW Bank Honor Roll Among Top Performing Banks in Country
South Bend, Indiana--(Newsfile Corp. - April 25, 2023) - Keefe, Bruyette & Woods, Inc. (KBW) recently announced the yearly Bank Honor Roll, and 1st Source (NASDAQ: SRCE) was named among this year's 14 honorees and has made the list for the fifth consecutive year, placing its long-term performance among the top 4% of eligible banks in the country. To be considered for this recognition, banks must be publicly traded institutions with more than $500 million in total assets and must have had 10...
2023-04-25 4:40 PM EDT
1st Source Corporation Elects New Member to its Board of Directors, Three Existing Directors Re-Elected
South Bend, Indiana--(Newsfile Corp. - April 21, 2023) - 1st Source Corporation announces the re-election of three board members - Christopher J. Murphy III, Chairman, President and Chief Executive Officer of 1st Source Corporation and Chairman of 1st Source Bank; Timothy K. Ozark, Chairman, TKO Finance Corporation; Todd F. Schurz, Former President and Chief Executive Officer, Schurz Communications, Inc. - and the election of Andrea G. Short, President and Chief Executive Officer of 1st...
2023-04-21 10:30 AM EDT
1st Source Corporation Reports Strong First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $31.12 million for the quarter, up $3.73 million or 13.63% from the first quarter of 2022. Diluted net income per common share was $1.25, up $0.15 or 13.64% from the prior year's first quarter of $1.10. Cash dividend of $0.32 per common share was approved, up 3.23% from the cash dividend declared a year ago. Average loans and leases grew $195.61 million in the first quarter, up 3.35% (13.37% annualized growth) from the previous quarter and $711.86 million,...
2023-04-20 7:45 AM EDT