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Jun 30, 2023
1st Source Q2 2023 Earnings Report
Reported strong results for the second quarter and declared a cash dividend.
Key Takeaways
1st Source Corporation reported a net income of $32.44 million for the second quarter of 2023, a 10.65% increase compared to the same period last year. Diluted net income per common share was $1.30, up 10.17% from $1.18 in the second quarter of 2022.
Net income was $32.44 million, up 10.65% from the second quarter of 2022.
Diluted net income per common share was $1.30, up 10.17% from the prior year’s second quarter.
A cash dividend of $0.32 per common share was approved, equal to the dividend declared a year ago.
Average loans and leases grew by $104.95 million in the second quarter, up 1.74% from the previous quarter.