1st Source Corp (SRCE) Tops Q2 EPS by 12c

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Go back to 1st Source Corp (SRCE) Tops Q2 EPS by 12c

1st Source Corporation Reports Second Quarter Results, a Record Quarter Adjusted for PPP Income Due to Government Response to COVID-19; Cash Dividend Increased

July 21, 2022 4:00 PM EDT

QUARTERLY HIGHLIGHTS

Net income was $29.31 million for the quarter, down $0.91 million or 3.01% from the second quarter of 2021. Excluding tax-effected PPP income, net income was a record $28.47 million for the quarter, up $1.06 million or 3.87% from the second quarter of 2021. Diluted net income per common share was $1.18, down $0.01 from the prior years second quarter of $1.19. Cash dividend of $0.32 per common share was approved, up 3.22% from the cash dividend declared a year ago. Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck... More