1st Source: 4Q Earnings Snapshot
SOUTH BEND, Ind. (AP) _ 1st Source Corp. (SRCE) on Thursday reported fourth-quarter net income of $21.4 million.
The South Bend, Indiana-based bank said it had earnings of 82 cents per share.
The holding company for 1st Source Bank posted revenue of $92.7 million in the period. Its revenue net of interest expense was $80 million, topping Street forecasts.
For the year, the company reported profit of $82.4 million, or $3.16 per share. Revenue was reported as $311 million.
1st Source shares have climbed 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.60, a decrease of 16 percent in the last 12 months.