1st Source Corp (SRCE) Declares $0.36 Quarterly Dividend; 2.3% Yield
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1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
July 25, 2024 4:02 PM EDTQUARTERLY HIGHLIGHTS
Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30.Cash dividend increase of two cents per share to $0.36 per common share for the quarter was approved, up 12.50% from the cash dividend declared a year ago.
Average loans and leases grew $102.14 million in the second quarter, up 1.57% (6.28% annualized growth) from the previous quarter and $465.05 million, up 7.57% from the second quarter of 2023.
Average deposits... More
