1st Source Corp (OQ:SRCE)
Business Focus: Commercial Banks
Nov 23, 2022 01:41 pm ET
1st Source Announces Two Promotions with an Eye on the Future
1st Source Corporation and 1st Source Bank are pleased to announce that its Board of Directors has recently made two promotions with an eye on its future.
Oct 20, 2022 04:01 pm ET
1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared
At its October 2022 meeting, the Board of Directors approved a cash dividend of $0.32 per common share, up 3.23% from the $0.31 per common share declared a year ago. The cash dividend is payable to shareholders of record on November 1, 2022 and will be paid on November 10, 2022.
Jul 21, 2022 04:00 pm ET
1st Source Corporation Reports Second Quarter Results, a Record Quarter Adjusted for PPP Income Due to Government Response to COVID-19; Cash Dividend Increased
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $29.31 million for the second quarter of 2022, down 3.01% from the $30.22 million reported in the second quarter a year ago, bringing the 2022 year-to-date net income to $56.70 million compared to $58.33 million in 2021. Excluding tax-effected PPP income, net income was a record $28.47 million for the quarter, up $1.06 million or 3.87% from the second quarter of 2021. Diluted net income per common share for the second quarter of 2022 was $1.18 versus $1.19 in the second quarter of 2
Jun 24, 2022 09:24 am ET
1st Source Bank Named as One of Indiana’s “Best In State Banks” by Forbes
Forbes recently announced the results of a survey conducted in partnership with market research firm Statista, which recognized 1st Source Bank as one of the “Best In State Banks” in Indiana. 26,000 Americans across all 50 states were asked to provide an overall satisfaction score for every bank where they hold a checking account, and they were also asked if they would recommend that bank to friends and family. Only 2.7% of all banks nationwide made the list, and 1st Source ranked #3 in Indiana.
Jun 15, 2022 10:11 am ET
1st Source Performance Earns Inclusion in the KBW Bank Honor Roll
Keefe, Bruyette & Woods, Inc. (KBW) recently announced the yearly Bank Honor Roll, and 1st Source was named among this year’s 17 honorees and has made the list for the fourth consecutive year, placing its long-term performance among the top 5% of eligible banks in the country. To be considered for this recognition, banks must be publicly traded institutions with more than $500 million in total assets and must have had 10 consecutive years of increased earnings per share.
Apr 22, 2022 12:18 pm ET
1st Source Elects New Member to its Board of Directors
1st Source Corporation announces the election of Isaac P. Torres to its Board of Directors. Mr. Torres is President and Chief Executive Officer of InterCambio Express, Inc., an internet-based money transfer service with a U.S.A. headquarters in Elkhart, Ind. and a Mexican subsidiary located in Puebla, Mexico. Mr. Torres has expertise in internet-based industries and international payment systems as well as extensive skills in finance, accounting compliance and international business.
Apr 21, 2022 07:45 am ET
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $27.39 million for the first quarter of 2022, down 2.54% from the $28.11 million reported in the first quarter a year ago. Diluted net income per common share for the first quarter of 2022 and 2021 was $1.10.
Jan 20, 2022 04:02 pm ET
1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record net income of $118.53 million for 2021, an increase of 45.55% compared to $81.44 million earned in 2020. Fourth quarter net income was $27.72 million, an increase of 4.76% compared to $26.46 million earned in the fourth quarter of 2020. Diluted net income per common share for the year was a record $4.70, up 48.26% from the $3.17 earned a year earlier. Diluted net income per common share for the fourth quarter was $1.11, up 7.77% from the $1.03 earned in the fourth quarter of the previous year.
Oct 21, 2021 04:05 pm ET
1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $32.48 million for the third quarter of 2021, up 61.95% from the $20.06 million reported in the third quarter a year ago, bringing the 2021 year-to-date net income to $90.81 million compared to $54.97 million in 2020, an increase of 65.19%. Diluted net income per common share for the third quarter of 2021 was up 65.38% to $1.29 versus $0.78 in the third quarter of 2020. Diluted net income per common share for the first nine months of 2021 was $3.59 compared to $2.14 a year ea
Jul 28, 2021 03:00 pm ET
1st Source Announces the Promotion of Two Senior Leaders
Christopher J. Murphy III, Chairman and CEO of 1st Source Corporation announces the Board of Directors’ promotion of Mr. Brett Bauer to Chief Financial Officer and Treasurer of 1st Source Corporation and 1st Source Bank with responsibility for Accounting, Finance, Asset Liability Management, Treasury Management and Investor Relations; and that of Mr. John Bedient to Chief Operations Officer of 1st Source Bank overseeing a new Operations Group combining both deposit and loan operations. Mr. Murphy states that “both colleagues were promoted due to their long-term service and success at 1st Sourc
Jul 22, 2021 04:00 pm ET
1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Increased
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $30.22 million for the second quarter of 2021, up 63.35% from the $18.50 million reported in the second quarter a year ago, bringing the 2021 year-to-date net income to $58.33 million compared to $34.92 million in 2020, an increase of 67.06%. Diluted net income per common share for the second quarter of 2021 was up 65.28% to $1.19 versus $0.72 in the second quarter of 2020. Diluted net income per common share for the first half of 2021 was $2.29 compared to $1.36 a year earli
Apr 23, 2021 02:10 pm ET
1st Source Elects Two New Members to its Board of Directors
1st Source Corporation announces the election to its Board of Directors Tracy D. Graham, Managing Principal of Graham Allen Partners, LLC and Chief Executive Officer of Aunalytucs, Inc., and Ronda Shrewsbury Weybright, President and Chief Executive Officer of RealAmerica, LLC. Mr. Graham brings unique experience in enterprise technology, cybersecurity, cloud and data center, data analytics and artificial intelligence while Ms. Shrewsbury Weybright offers experience in multifamily, commercial, land and office development, and strategic direction to 1st Source Corporation.
Apr 22, 2021 09:20 am ET
1st Source Corporation Reports Record First Quarter Results, Cash Dividend Increased
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $28.11 million for the first quarter of 2021, up 71.24% from the $16.41 million reported in the first quarter a year ago. The net income comparison was positively impacted by a $8.96 million reduction in the provision for credit losses primarily due to stabilizing economic conditions compared to the start of the pandemic a year ago. Although loan growth occurred during the quarter, the majority of the growth was Paycheck Protection Program (PPP) loans which have minimal credi
Jan 21, 2021 04:02 pm ET
1st Source Corporation Reports Earnings for Full Year and Fourth Quarter 2020, Cash Dividend Increased, History of Increased Dividends Continues
Diluted net income per common share for the year was $3.17, down 11.20% from the $3.57 earned a year earlier. Diluted net income per common share for the fourth quarter was $1.03, up 19.77% from the $0.86 earned in the fourth quarter of the previous year.
Oct 22, 2020 04:02 pm ET
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported net income of $20.06 million for the third quarter of 2020, up 8.41% from the $18.50 million reported in the second quarter of 2020 and down 17.92% from the $24.44 million reported in the third quarter a year ago, bringing the 2020 year-to-date net income to $54.97 million compared to $70.02 million in 2019, a decrease of 21.49%. The year-to-date net income comparison was negatively impacted by an increased provision for loan and lease losses of $18.15 million primarily due to sizeable impairments in a few
Jul 28, 2020 11:00 am ET
1st Source Elects Experienced Communications Leader to Board of Directors
1st Source Corporation announces the election to its Board of Directors and to the 1st Source Bank Board of Directors, Todd Schurz, President and Chief Executive Officer of Schurz Communications, Inc.
Jul 23, 2020 04:05 pm ET
1st Source Corporation Reports Second Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported net income of $18.50 million for the second quarter of 2020, up 12.73% from the $16.41 million reported in the first quarter of 2020 and down 20.88% from the $23.39 million reported in the second quarter a year ago, bringing the 2020 year-to-date net income to $34.92 million compared to $45.58 million in 2019, a decrease of 23.40%. The year-to-date net income comparison was negatively impacted by an increased provision for loan and lease losses of $12.56 million primarily due to sizeable impairments in a f
Jun 05, 2020 04:12 pm ET
Andrea Short Elected President, Jim Seitz as Vice Chairman of 1st Source Bank
1st Source Bank announces the Board of Directors’ election of Mr. Jim Seitz as the Vice Chairman of the 1st Source Bank Board of Directors and the election of Ms. Andrea Short to President of 1st Source Bank. Ms. Short replaces Jim Seitz as president starting July 1, 2020.
Apr 23, 2020 09:20 am ET
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported net income of $16.41 million for the first quarter of 2020, a decrease of 26.05% compared to $22.20 million reported in the first quarter a year ago. The net income comparison was negatively impacted by an increased provision for loan and lease losses of $6.44 million primarily due to a sizeable impairment on one account, the likely negative economic impact on our portfolio from COVID-19, higher special attention outstandings in the quarter and increased loan and lease balances. Non-recurring 2020 items in
Mar 31, 2020 04:30 pm ET
1st Source Corporation to Hold Virtual Annual Shareholder Meeting
Today, 1st Source Corporation announced that its 2020 Annual Meeting of Shareholders will be held virtually, moving away from an in-person meeting due to the evolving nature of the coronavirus pandemic (COVID-19). In light of public health concerns, shareholders will not be able to attend the Annual Meeting physically in person.
Jan 28, 2020 11:15 am ET
1st Source Announces Board Departure of Lisa Hershman
1st Source Corporation announces the resignation of Lisa Hershman from the 1st Source Corporation and 1st Source Bank boards of directors. Lisa Hershman was recently nominated by the President, confirmed by the United States Senate, and is now serving our country as the Chief Management Officer of the Department of Defense. In this role she is not able to serve on any public or privately held company boards.
Jan 23, 2020 04:00 pm ET
1st Source Corporation Reports Continuing Record Earnings in 2019, History of Increased Dividends Continues
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $91.96 million for 2019, an improvement of 11.58% compared to $82.41 million earned in 2018. Fourth quarter net income was $21.94 million, an increase of 2.31% compared to $21.45 million earned in the fourth quarter of 2018. The annual net income comparison was positively impacted by increased net interest income of $9.96 million primarily due to rising lending rates during 2018 and higher average loan and lease balances and a $3.63 million decrease in the provision for loan and
Oct 17, 2019 04:26 pm ET
1st Source Corporation Reports Fourth Consecutive Quarter of Record Results, Cash Dividend Increased
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $24.44 million for the third quarter of 2019, an improvement of 22.88% compared to $19.89 million reported in the third quarter a year ago. This brought the 2019 year-to-date net income to $70.02 million compared to $60.97 million in 2018, an increase of 14.85%. The year-to-date net income comparison was positively impacted by increased net interest income of $10.51 million primarily due to higher loan rates and higher average loan and lease balances. Non-recurring 2019 items in
Jul 18, 2019 04:10 pm ET
1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $23.39 million for the second quarter of 2019, an improvement of 6.47% compared to $21.96 million reported in the second quarter a year ago, bringing the 2019 year-to-date net income to $45.58 million compared to $41.08 million in 2018, an increase of 10.96%. The year-to-date net income comparison was positively impacted by increased net interest income of $7.67 million primarily due to higher loan rates and higher average loan and lease balances. It was negatively impacted by a
Apr 18, 2019 04:10 pm ET
1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $22.20 million for the
first quarter of 2019, an improvement of 16.11% compared to $19.12
million reported in the first quarter a year ago. The net income
comparison was positively impacted by increased net interest income of
$4.42 million primarily due to higher loan rates and higher average loan
and lease balances. It was negatively impacted by a $1.13 million
increase in the provision for loan and lease losses to cover loan and
Jan 24, 2019 04:00 pm ET
1st Source Corporation Reports Record Earnings for the Full Year and Fourth Quarter 2018, History of Increased Dividends Continues: up 23% from Fourth Quarter 2017
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $82.41 million for the
year of 2018, an improvement of 21.11% compared to $68.05 million earned
in 2017. Fourth quarter net income was $21.45 million, an increase of
19.18% compared to $17.99 million earned in the fourth quarter of 2017.
Income before taxes for the year of 2018 was $105.03 million, growing
3.62% compared to $101.36 million earned in 2017 and $27.61 million for
the fourth quarter of 2018, an improvement of 17.24% c
Oct 18, 2018 04:00 pm ET
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported third quarter net income of $19.89 million, an
improvement of 15.75% compared to $17.18 million reported in the third
quarter a year ago. This brought 2018 year-to-date net income to a
record of $60.97 million compared to $50.06 million in 2017, an increase
of 21.80%. Income before taxes was $24.92 million compared to $26.74
million in the third quarter of 2017 and $77.42 million for the first
nine months of 2018 compared to $77.81 million for the same perio
Aug 08, 2018 08:00 am ET
Consolidated Research: 2018 Summary Expectations for First Foundation, CME Group, MetLife, D.R. Horton, Rexahn Pharmaceuticals, and 1st Source — Fundamental Analysis, Key Performance Indications
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of First Foundation Inc. (NASDAQ:FFWM), CME Group Inc. (NASDAQ:CME), MetLife,...
Jul 19, 2018 04:00 pm ET
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $21.96 million for the
second quarter of 2018, an improvement of 31.77% compared to $16.67
million reported in the second quarter a year ago, bringing the 2018
year-to-date net income to $41.08 million compared to $32.88 million in
2017, an increase of 24.96%. Income before taxes was $27.50 million
compared to $26.15 million in the second quarter of 2017 and $52.49
million for the first six months of 2018 compared to $51.07 millio
May 03, 2018 08:25 am ET
Investor Expectations to Drive Momentum within Balchem, Beacon Roofing Supply, Rice Midstream Partners LP, LTC Properties, Ubiquiti Networks, and 1st Source — Discovering Underlying Factors of Influen
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Balchem Corporation (NASDAQ:BCPC), Beacon Roofing Supply, Inc....
Apr 23, 2018 11:45 am ET
1st Source Elects Two Women Leaders to Board of Directors
1st Source Corporation announces the election to its Board and to the
1st Source Bank Board of Melody Birmingham-Byrd, President of Duke
Energy Indiana, and Lisa W. Hershman, Deputy Chief Management Officer,
U.S. Department of Defense. Together, these new leaders bring years of
experience and insight in business and operational management,
engineering and talent development to 1st Source Corporation and 1st
Source Bank. Both women have operational and financial experience in
their respective areas of expertise. “We are pleased to add these two
Apr 19, 2018 09:32 am ET
Record Quarterly Earnings at 1st Source Corporation, Company Grows to Over $6 Billion, Increase in Cash Dividend
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $19.12 million for the
first quarter of 2018, an improvement of 17.96% compared to $16.21
million reported in the first quarter a year ago. Income before taxes
was $25.00 million compared to $24.92 million in the first quarter of
2017. The pretax income comparison was positively impacted by increased
net interest income of $6.81 million primarily due to rising lending
rates, higher average loan and lease balances and the recogniti
Mar 22, 2018 08:20 am ET
Recent Analysis Shows PTC, 1st Source, Westar Energy, Anika Therapeutics, Stock Yards, and Central Garden & Pet Market Influences — Renewed Outlook, Key Drivers of Growth
NEW YORK, March 22, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of PTC Inc. (NASDAQ:PTC), 1st Source Corporation...
Jan 22, 2018 07:45 am ET
Report: Exploring Fundamental Drivers Behind Flowers Foods, Mednax, Ekso Bionics, 1st Source, Myers Industries, and USA Compression Partners, LP — New Horizons, Emerging Trends, and Upcoming Developme
NEW YORK, Jan. 22, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Flowers Foods, Inc. (NYSE:FLO), Mednax, Inc...
Jan 18, 2018 03:25 pm ET
1st Source Corporation Reports Record Earnings, History of Increased Dividends Continues
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $68.05 million for the
year of 2017, an increase of 17.76% compared to $57.79 million earned in
2016. Fourth quarter net income was $17.99 million, an increase of
18.19% compared to $15.23 million earned in the fourth quarter of 2016.
The annual net income comparison was impacted by both positive and
negative pre-tax items. It was positively impacted by gains on the sale
of investment securities of $4.34 million and gains on the s
Jan 17, 2018 02:00 pm ET
1st Source Bank Announces Financing of 10 Solar Projects in 2017
In its first full year serving the commercial solar industry, 1st Source
Bank announced the financing of 10 solar projects in five states
including Indiana, Michigan, Massachusetts, Montana and Minnesota.
Maintaining its community focus, 1st Source has funded projects that
support local elementary schools and universities, commercial customers,
and public utilities throughout the country and within the Bank’s
Indiana and Michigan market. The most recent solar project in the region
is on the Michigan State University campus in East Lansing, Michi
Oct 19, 2017 04:05 pm ET
1st Source Corporation Reports Consecutive Record Quarterly Earnings, Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source
Bank, today reported a record high net income of $17.18 million for the
third quarter of 2017, an increase of 20.46% compared to $14.26 million
reported in the third quarter a year ago, bringing the 2017 year-to-date
net income to $50.06 million compared to $42.56 million in 2016, an
increase of 17.61%. The year-to-date net income comparison was
positively impacted by gains on the sale of investment securities
available-for-sale of $2.76 million. Also, gains on the sale of fixed
Sep 06, 2016 10:00 am ET
INVESTIndiana announces executive presentation schedule
INVINDCOY light blue logo.jpgLineup highlights health sciences, banking, energy, high-tech and manufacturingConference features inaugural Indiana Public Company of the Year AwardCentral Indiana Corporate Partnership CEO David Johnson's keynote opens the event INDIANAPOLIS, Sept. 06, 2016 (GLOBE NEWSWIRE) -- CEOs, CFOs and senior executives representing 15 Indiana public companies will meet with the investment community at the September 15 INVESTIndiana Equity Conference in Indianapolis....
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