1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared
1st Source reported record first quarter net income of $39.96 million, or $1.63 per share, representing year-over-year growth of 6.49% and 7.24% respectively. The company increased its quarterly dividend by 13.16% to $0.43 per share and repurchased 338,356 shares for $23.35 million during the quarter.
Key figures
- Eps
- 1.63
- Dividend per share
- 0.43
- Shares repurchased
- 338356
- Repurchase cost usd
- 23350000
- Net interest margin fte
- 4.25%
- Provision for credit losses
- 7272000
AI analysis
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