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Stock impact report

1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared [Yahoo! Finance]

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: Yahoo! Finance
Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32. Cash dividend of $0.36 cents per common share for the quarter was approved, up 12.50% from the cash dividend declared a year ago. Tax-equivalent net interest income was $75.63 million, up $1.44 million or 1.94% from the second quarter of 2024 and up $6.22 million, or 8.97% from the third quarter a year ago. Tax-equivalent net interest margin was 3.64%, up five basis points from the previous quarter and up 18 basis points from the third quarter a year ago. Net charge-offs of $0.85 million or 0.05% of average loans and leases occurred during the quarter compared to net recoveries of $1.99 million or 0.12% of average loans and leases during the previous quarter. South Bend, Indiana--(Newsfile Corp. - October 24, 2024) - 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $34.94 million for the third quarter of Show less Read more
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