1st Source: 4Q Earnings Snapshot

January 23, 2020 GMT

SOUTH BEND, Ind. (AP) _ 1st Source Corp. (SRCE) on Thursday reported fourth-quarter earnings of $21.9 million.

The bank, based in South Bend, Indiana, said it had earnings of 86 cents per share.

The holding company for 1st Source Bank posted revenue of $95.1 million in the period. Its revenue net of interest expense was $80.9 million, which missed Street forecasts.

For the year, the company reported profit of $92 million, or $3.57 per share. Revenue was reported as $325 million.

1st Source shares have decreased almost 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $49.50, a rise of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCE at https://www.zacks.com/ap/SRCE