1st Source Corp (SRCE) Raises Quarterly Dividend 10.7% to $0.31; 3% Yield
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1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Increased
July 22, 2021 4:00 PM EDTQUARTERLY HIGHLIGHTSÂ Â
Net income was a record $30.22 million for the quarter, up 63.35% from the second quarter of 2020. Diluted net income per common share was also a record at $1.19, up from the prior years second quarter of $0.72. Cash dividend of $0.31 per common share approved, up 10.71% from the $0.28 per common share declared a year ago. Return on average assets of 1.58% and return on average common shareholders equity of 13.49% compared to 1.04% and 8.63%, respectively in the second quarter of 2020. Excluding the Paycheck Protection Program (PPP) loans, average loans and leases increased... More