1st Source Corp (SRCE) Declares $0.18 Quarterly Dividend; 2.2% Yield

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Go back to 1st Source Corp (SRCE) Declares $0.18 Quarterly Dividend; 2.2% Yield

1st Source Corporation Announces Second Quarter Earnings, Cash Dividend Declared

July 21, 2016 11:12 AM EDT

QUARTERLY HIGHLIGHTS

Net income of $14.48 million and diluted net income per common share of $0.56. Return on average assets of 1.09% and return on average common shareholders' equity of 8.84%. Net recoveries of $0.11 million and nonperforming assets to loans and leases of 0.49%. Average loans and leases grew $304.99 million or 8.03% from the second quarter of 2015. Average deposits grew $373.33 million or 9.51% from the second quarter of 2015. Net interest income on a tax-equivalent basis increased $0.68 million or 1.62% from the second quarter of 2015.... More