1st Source Corp (SRCE) Declares $0.27 Quarterly Dividend; 2.4% Yield

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Go back to 1st Source Corp (SRCE) Declares $0.27 Quarterly Dividend; 2.4% Yield

1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Declared

July 18, 2019 4:10 PM EDT

QUARTERLY HIGHLIGHTS

Net income was a record $23.39 million, up 6.47% over the second quarter of 2018. Diluted net income per common share was also a record of $0.91, up from the prior years second quarter of $0.84. Return on average assets of 1.45% and return on average common shareholders equity of 11.89% compared to 1.43% and 11.96%, respectively in the second quarter of 2018. Net charge-offs of $1.19 million and nonperforming assets to loans and leases of 0.41% compared to $0.14 million and 0.89%, respectively in the second quarter of 2018. Average loans and leases grew $231.03 million, up 4.84% from the second quarter of... More