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.

Total Revenue

$91.5M

Previous year: $86.4M