1st Source Corp (SRCE) Declares $0.34 Quarterly Dividend; 2.7% Yield
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1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
January 18, 2024 4:07 PM ESTFULL YEAR AND QUARTERLY HIGHLIGHTS
Net income was a record $124.93 million for the year of 2023, up 3.67% from 2022 and was $28.43 million for the fourth quarter of 2023, down 13.69% from the previous quarter and down 8.49% from the fourth quarter of 2022. Diluted net income per common share was a record $5.03 for the year of 2023, up 3.93% from 2022 and was $1.15 for the fourth quarter of 2023, down 12.88% from the previous quarter and down 8.00% from the prior year's fourth quarter due primarily to repositioning of the investment securities portfolio and a contribution to the 1st Source Foundation as described... More