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Mar 31, 2024
1st Source Q1 2024 Earnings Report
Reported an increase in revenue and net interest margin compared to the previous quarter.
Key Takeaways
1st Source Corporation reported a net income of $29.46 million for Q1 2024, a 3.61% increase from the previous quarter but a 5.36% decrease compared to Q1 2023. Diluted net income per common share was $1.19, up 3.48% from the previous quarter and down 4.80% year-over-year. The board approved a cash dividend of $0.34 per common share, up 6.25% from the previous year.
Net income was $29.46 million, up 3.61% from the previous quarter but down 5.36% from Q1 2023.
Diluted net income per common share was $1.19, up 3.48% from the previous quarter and down 4.80% year-over-year.
A cash dividend of $0.34 per common share was approved, up 6.25% from a year ago.
Average loans and leases grew by $116.21 million, up 1.82% from the previous quarter and 7.75% from Q1 2023.
Revenue by Segment
Forward Guidance
This document contains forward-looking statements subject to risks and uncertainties, including changes in laws, regulations, interest rates, and economic conditions. Actual results may differ materially from projections. The company undertakes no obligation to update these statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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