1st Source Corp (SRCE) Raises Quarterly Dividend 5.9% to $0.36; 2.5% Yield
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1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
January 23, 2025 4:02 PM ESTFULL YEAR AND QUARTERLY HIGHLIGHTS
Net income was a record $132.62 million for the year of 2024, up 6.16% from 2023 and was $31.44 million for the fourth quarter of 2024, down 10.02% from the previous quarter and up 10.58% from the fourth quarter of 2023. Diluted net income per common share was a record $5.36 for the year of 2024, up 6.56% from 2023 and was $1.27 for the fourth quarter of 2024, down 9.93% from the previous quarter and up 10.43% from the prior year's fourth quarter. These results include $3.9 million in pre-tax losses from the sale of approximately $63 million available-for-sale securities executed in the fourth quarter. No... More