1st Source Corp (SRCE) Raises Quarterly Dividend 5.6% to $0.19; 1.7% Yield
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Record First Quarter Earnings at 1st Source Corporation, Cash Dividend Declared
April 20, 2017 9:15 AM EDTQUARTERLY HIGHLIGHTS
Net income improved to $16.21 million, 17.28% over the first quarter of 2016 and diluted net income per common share improved to $0.62 from the prior year's quarter of $0.53. Return on average assets of 1.21% and return on average common shareholders' equity of 9.61%. Net recoveries of $0.58 million and nonperforming assets to loans and leases of 0.63%. Average loans and leases grew $178.80 million or 4.46% from the first quarter of 2016. Average deposits grew $145.69 million or 3.51% from the first quarter of 2016. Net interest income increased $2.44 million or 5.90% from the... More