1st Source Corp (SRCE) Raises Quarterly Dividend 5.3% to $0.20; 1.5% Yield

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Go back to 1st Source Corp (SRCE) Raises Quarterly Dividend 5.3% to $0.20; 1.5% Yield

1st Source Corporation Reports Consecutive Record Quarterly Earnings, Cash Dividend Declared

October 19, 2017 4:05 PM EDT

QUARTERLY HIGHLIGHTS

Net income increased to $17.18 million, 20.46% over the third quarter of 2016 and diluted net income per common share increased to $0.66 from the prior years quarter of $0.55. Return on average assets increased to 1.19% and return on average common shareholders equity of 9.61% from 1.05% and 8.47% in the third quarter of 2016. Net charge-offs of $0.16 million and nonperforming assets to loans and leases of 0.64% were considerably lower compared to $4.63 million and 0.68% in the third quarter of 2016. Average loans and leases grew $198.41 million or 4.74% from the third quarter of 2016.... More