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Dec 31, 2019
1st Source Q4 2019 Earnings Report
Reported continuing record earnings.
Key Takeaways
1st Source Corporation reported a net income of $21.94 million for Q4 2019, up 2.31% compared to Q4 2018. Diluted net income per common share for the fourth quarter was $0.86, up 4.88% from the $0.82 earned in the fourth quarter of the previous year.
Net income improved to $21.94 million for the fourth quarter of 2019, up 2.31% over the fourth quarter of 2018.
Diluted net income per common share improved to $0.86 for the fourth quarter of 2019, up 4.88% from the prior year’s fourth quarter of $0.82.
Return on average assets was 1.30% and return on average common shareholders’ equity was 10.56% down from 1.36% and 11.22%, respectively in the fourth quarter of 2018.
Net charge-offs of $0.64 million in the fourth quarter of 2019 compared to $2.53 million in the fourth quarter of 2018.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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