1st Source Q2 Earnings, Revenue Rise; Increases Quarterly Dividend

MT Newswires Live

07/24

1st Source (SRCE) reported Q2 earnings late Thursday of $1.95 per diluted share, up from $1.51 a year earlier.

Three analysts surveyed by FactSet expected $1.71.

Revenue, calculated as the sum of net interest income and non-interest income, for the quarter ended June 30 was $118.2 million, up from $108.2 million a year earlier.

Three analysts surveyed by FactSet expected $114.1 million.

The company raised its quarterly dividend to $0.45 per share from $0.43, payable Aug. 14 to shareholders of record on Aug. 4.

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