1st Source Corp (SRCE) Declares $0.34 Quarterly Dividend; 3.2% Yield

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Go back to 1st Source Corp (SRCE) Declares $0.34 Quarterly Dividend; 3.2% Yield

1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Increased

October 19, 2023 4:07 PM EDT

QUARTERLY HIGHLIGHTS

Net income was a record $32.94 million for the quarter, up $0.20 million or 0.62% from the third quarter of 2022. Diluted net income per common share was $1.32, equal to the prior year's third quarter.Cash dividend of $0.34 per common share was approved, up 6.25% from the cash dividend declared a year ago.Average loans and leases grew $104.73 million in the third quarter, up 1.71% (6.84% annualized growth) from the previous quarter and $618.17 million, up 10.98% from the third quarter of 2022.Repurchased 260,887 shares for treasury at a total cost of $10.29 million in the... More