1st Source Corp (SRCE) Raises Quarterly Dividend 9.1% to $0.24; 1.9% Yield
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Record Quarterly Earnings at 1st Source Corporation, Company Grows to Over $6 Billion, Increase in Cash Dividend
April 19, 2018 9:32 AM EDTQUARTERLY HIGHLIGHTS
Net income improved to $19.12 million, up 17.96% over the first quarter of 2017. Diluted net income per common share improved to $0.73 from the prior years first quarter of $0.62. Return on average assets increased to 1.31% and return on average common shareholders equity increased to 10.67% from 1.21% and 9.61%, respectively in the first quarter of 2017. Net charge-offs (recoveries) of $0.34 million and nonperforming assets to loans and leases of 0.74% compared to $(0.58) million and 0.63%, respectively in the first quarter of 2017. Average loans and leases grew $401.55 million, up 9.59% from the first quarter of... More