1st Source Corp (SRCE) Declares $0.25 Quarterly Dividend; 2% Yield

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Go back to 1st Source Corp (SRCE) Declares $0.25 Quarterly Dividend; 2% Yield

1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared

October 18, 2018 4:00 PM EDT

QUARTERLY HIGHLIGHTS

Net income improved to $19.89 million, up 15.75% over the third quarter of 2017. Diluted net income per common share improved to $0.76 from the prior years third quarter of $0.66. Return on average assets increased to 1.27% and return on average common shareholders equity increased to 10.50% from 1.19% and 9.61%, respectively in the third quarter of 2017. Net charge-offs of $10.86 million and nonperforming assets to loans and leases of 1.00% compared to $0.16 million and 0.64%, respectively in the third quarter of 2017. Average loans and leases grew $434.68 million, up 9.91% from the third quarter of 2017.... More