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0 0 0 -0.0195889531149647 -0.0195889531149647 0.0266538214515094 0.0337186897880541 0.0218368657675016
Stock impact report

1st Source Corporation Reports First Quarter Results, Cash Dividend Declared

1st Source Corporation (SRCE) 
Last 1st source corporation earnings: 4/23 09:20 am Check Earnings Report
US:NASDAQ Investor Relations: firstsource.com/investors
Company Research Source: Business Wire
QUARTERLY HIGHLIGHTSNet income was $16.41 million, down 26.05% from the first quarter of 2019. Diluted net income per common share was $0.64, down from the prior year’s first quarter of $0.86.Cash dividend of $0.28 per common share approved, up 3.70% from the $0.27 per common share declared a year ago.Return on average assets of 1.00% and return on average common shareholders’ equity of 7.81% compared to 1.43% and 11.61%, respectively in the first quarter of 2019.Average loans and leases grew $51.76 million, up 1.03% from the previous quarter and $240.21 million, up 4.94% from the first quarter of 2019.Average deposits decreased $142.05 million, or 2.62% from the previous quarter and grew $213.01 million, up 4.21% from the first quarter of 2019.Net charge-offs were $1.81 million and nonperforming assets to loans and leases were 0.68% compared to net charge-offs of $3.54 million and 0.49%, respectively in the first quarter of 2019.Provision was made to the loan and lease losses reserve Show less Read more
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