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1st Source: 2Q Earnings Snapshot

July 23, 2020 GMT

SOUTH BEND, Ind. (AP) _ 1st Source Corp. (SRCE) on Thursday reported second-quarter profit of $18.5 million.

The South Bend, Indiana-based bank said it had earnings of 72 cents per share.

The holding company for 1st Source Bank posted revenue of $89.1 million in the period. Its revenue net of interest expense was $79.2 million, which beat Street forecasts.

1st Source shares have declined 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.06, a fall of 22% in the last 12 months.

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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

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