1st Source Corp (SRCE) Raises Quarterly Dividend 6.3% to $0.34; 2.7% Yield
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1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
April 25, 2024 7:42 AM EDTQUARTERLY HIGHLIGHTS
Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net income per common share was $1.19, up $0.04 or 3.48% from the previous quarter and down $0.06 or 4.80% from the prior year's first quarter of $1.25.
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 $116.21 million in the first quarter, up 1.82% (7.28% annualized growth) from the previous quarter and $467.87 million, up 7.75% from the first quarter of... More
