1st Source Q4 2019 Earnings Report

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.