1st Source Corp (SRCE) Declares $0.19 Quarterly Dividend; 1.6% Yield

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Record Second Quarter Earnings at 1st Source Corporation, Cash Dividend Declared

July 20, 2017 12:09 PM EDT

QUARTERLY HIGHLIGHTS

Net income improved to $16.67 million, 15.13% over the second quarter of 2016 and diluted net income per common share improved to $0.64 from the prior years quarter of $0.56. Return on average assets of 1.20% and return on average common shareholders equity of 9.59%. Net charge-offs of $0.94 million and nonperforming assets to loans and leases of 0.66%. Average loans and leases grew $203.17 million or 4.95% from the second quarter of 2016. Average deposits grew $154.57 million or 3.59% from the second quarter of 2016. Net interest income increased $3.57... More