1st Source Corp (SRCE) Raises Quarterly Dividend 10.7% to $0.31; 2.6% Yield
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1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared
October 21, 2021 4:05 PM EDTQUARTERLY HIGHLIGHTS
Net income was a record $32.48 million for the quarter, up 7.48% from the second quarter and up 61.95% from the third quarter of 2020. Diluted net income per common share was also a record at $1.29, up compared to the $1.19 in the previous quarter and up from the prior years third quarter of $0.78. Cash dividend of $0.31 per common share was approved by our Board, up 10.71% from the $0.28 per common share declared a year ago. Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck Protection Program (PPP) loans amounted to... More