SRCE News and Press, 1st Source Corporation From 08/05/23

2023-08-05 15:14:51 ET Summary A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. Introduction The D...

2023-07-20 16:46:52 ET 1st Source press release ( NASDAQ: SRCE ): Q2 GAAP EPS of $1.30 beats by $0.19 . Revenue of $91.46M (+5.8% Y/Y) in-line. For further details see: 1st Source GAAP EPS of $1.30 beats by $0.19, revenue of $91.46M in-line

QUARTERLY HIGHLIGHTS Net income was $32.44 million for the quarter, up $3.12 million or 10.65% from the second quarter of 2022. Diluted net income per common share was $1.30, up $0.12 or 10.17% from the prior year's second quarter of $1.18. Cash dividend of $0.32 per common share was appro...

2023-07-05 21:07:53 ET Summary Due to the first quarter’s disappointing performance, I’ve reduced my margin estimate and consequently the earnings estimate for 2023. I’m now expecting earnings to be flattish this year as loan growth will most probably cancel o...

Makes list for second consecutive year South Bend, Indiana--(Newsfile Corp. - June 22, 2023) -   Forbes recently announced the results of a survey conducted in partnership with market research firm Statista, which recognized 1st Source Bank as the No. 1 bank in Indiana as part of the "Best...

2023-05-06 23:53:04 ET Summary A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies with upcoming pay dates. For furthe...

Named among 14 banking institutions with 10 years of increased earnings per share South Bend, Indiana--(Newsfile Corp. - April 25, 2023) - Keefe, Bruyette & Woods, Inc. (KBW) recently announced the yearly Bank Honor Roll, and 1st Source (NASDAQ: SRCE) was named among this year's 14 honorees ...

2023-04-20 08:58:59 ET 1st Source press release ( NASDAQ: SRCE ): Q1 GAAP EPS of $1.25 misses by $0.02 . Revenue of $92.88M (+12.2% Y/Y) misses by $0.31M . For further details see: 1st Source GAAP EPS of $1.25 misses by $0.02, revenue of $92.88M misses by...

QUARTERLY HIGHLIGHTS Net income was $31.12 million for the quarter, up $3.73 million or 13.63% from the first quarter of 2022. Diluted net income per common share was $1.25, up $0.15 or 13.64% from the prior year's first quarter of $1.10. Cash dividend of $0.32 per common share was approved...

Summary The worsening of the deposit mix during the fourth quarter of 2022 will restrict margin expansion this year. Economic factors will most probably finally take a toll on loan growth in 2023. Inflation will likely worsen the efficiency ratio this year. The December 2023 tar...