1st Source Corp (SRCE) Raises Quarterly Dividend 12.5% to $0.27; 2.4% Yield
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1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared
April 18, 2019 4:10 PM EDTQUARTERLY HIGHLIGHTS
Net income was a record $22.20 million, up 16.11% over the first quarter of 2018. Diluted net income per common share was also a record of $0.86, up from the prior years first quarter of $0.73. Return on average assets increased to 1.43% and return on average common shareholders equity increased to 11.61% from 1.31% and 10.67%, respectively in the first quarter of 2018. Net charge-offs of $3.54 million and nonperforming assets to loans and leases of 0.49% compared to $0.34 million and 0.74%, respectively in the first quarter of 2018. Average loans and leases grew $269.40... More