4 - 1ST SOURCE CORP (0000034782) (Issuer)

Piper Sandler upgraded 1st Source Corp from Neutral to Overweight and set a new price target of $72.50 from $70.00 previously

Piper Sandler downgraded 1st Source Corp from Overweight to Neutral and set a new price target of $67.50 from $60.00 previously

Makes list for second consecutive yearSouth Bend, Indiana--(Newsfile Corp. - June 22, 2023) -  Forbes recently announced the results of a survey conducted in partnership with market research firm Statista, which recognized 1st Source Bank as the No. 1 bank in Indiana as part of the "Best In State Banks" list, also marking the second consecutive year 1st Source Bank has made the list. 31,000 Americans were asked to provide an overall satisfaction score for every bank where they have held a checking and/or savings account. Additionally, a sentiment analysis approach of publicly available online reviews and ratings was considered. "The continued trust and advocacy from our clients is something

Named among 14 banking institutions with 10 years of increased earnings per shareSouth Bend, Indiana--(Newsfile Corp. - April 25, 2023) - Keefe, Bruyette & Woods, Inc. (KBW) recently announced the yearly Bank Honor Roll, and 1st Source (NASDAQ:SRCE) was named among this year's 14 honorees and has made the list for the fifth consecutive year, placing its long-term performance among the top 4% of eligible banks in the country. To be considered for this recognition, banks must be publicly traded institutions with more than $500 million in total assets and must have had 10 consecutive years of increased earnings per share. "We're thrilled to be part of the KBW Bank Honor Roll once again this ye

1st Source Corporation and 1st Source Bank are pleased to announce that its Board of Directors has recently made two promotions with an eye on its future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221123005341/en/Chris Murphy (Photo: Business Wire) Effective December 1, 2022, Andrea G. Short, President of 1st Source Bank will also become its CEO. Christopher J. Murphy III will remain Chairman, President and CEO of 1st Source Corporation and Chairman of 1st Source Bank. In her new role, Ms. Short will have Personal Banking, Business Banking, Specialty Finance, Wealth Advisory Services, Credit, and the Operations functions of

QUARTERLY HIGHLIGHTS Net income was a record $32.74 million for the quarter, up $0.25 million or 0.78% from the third quarter of 2021. Diluted net income per common share was $1.32, up $0.03 from the prior year's third quarter of $1.29. Cash dividend of $0.32 per common share was approved, up 3.23% from the cash dividend declared a year ago. Return on average assets of 1.62% and return on average common shareholders' equity of 14.87% compared to 1.65% and 14.08%, respectively in the third quarter of 2021. Average loans and leases net PPP loans grew $177.10 million in the third quarter, up 3.25% (13% annualized growth) from the previous quarter and $451.88 million, up 8.74% from the

QUARTERLY HIGHLIGHTS Net income was $29.31 million for the quarter, down $0.91 million or 3.01% from the second quarter of 2021. Excluding tax-effected PPP income, net income was a record $28.47 million for the quarter, up $1.06 million or 3.87% from the second quarter of 2021. Diluted net income per common share was $1.18, down $0.01 from the prior year's second quarter of $1.19. Cash dividend of $0.32 per common share was approved, up 3.22% from the cash dividend declared a year ago. Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck Protection Program (PPP) loans amounted to $29.84 million during the quarter which contributed to the recognition of

Forbes recently announced the results of a survey conducted in partnership with market research firm Statista, which recognized 1st Source Bank as one of the "Best In State Banks" in Indiana. 26,000 Americans across all 50 states were asked to provide an overall satisfaction score for every bank where they hold a checking account, and they were also asked if they would recommend that bank to friends and family. Only 2.7% of all banks nationwide made the list, and 1st Source ranked #3 in Indiana. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220624005264/en/(Graphic: Business Wire) "We are incredibly grateful to our clients for t

Named among 17 banking institutions with 10 years of increased earnings per share Keefe, Bruyette & Woods, Inc. (KBW) recently announced the yearly Bank Honor Roll, and 1st Source was named among this year's 17 honorees and has made the list for the fourth consecutive year, placing its long-term performance among the top 5% of eligible banks in the country. To be considered for this recognition, banks must be publicly traded institutions with more than $500 million in total assets and must have had 10 consecutive years of increased earnings per share. "Receiving this recognition for the fourth year in a row is a great honor, and it's a welcome confirmation, with an ongoing pandemic challe

International business leader to bring extensive leadership skills 1st Source Corporation announces the election of Isaac P. Torres to its Board of Directors. Mr. Torres is President and Chief Executive Officer of InterCambio Express, Inc., an internet-based money transfer service with a U.S.A. headquarters in Elkhart, Ind. and a Mexican subsidiary located in Puebla, Mexico. Mr. Torres has expertise in internet-based industries and international payment systems as well as extensive skills in finance, accounting compliance and international business. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220422005483/en/Isaac P. Torres (

QUARTERLY HIGHLIGHTS Net income was $27.39 million for the quarter, down $715,000 or 2.54% from the first quarter of 2021. Diluted net income per common share was $1.10, equal to the prior year's first quarter of $1.10. Cash dividend of $0.31 per common share was approved, up 3.33% from the $0.30 per common share declared a year ago. Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck Protection Program (PPP) loans amounted to approximately $36.61 million during the quarter which contributed to the recognition of $1.47 million in PPP-related loan fees in the quarter down from $132.91 million in forgiveness and $3.98 million in fees in the first quarter

FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $118.53 million for the year of 2021, up 45.55% from 2020 and was $27.72 million for the fourth quarter of 2021, down 14.65% from the previous quarter and up 4.76% from the fourth quarter of 2020. Cash dividend of $0.31 per common share approved, up 6.90% from the $0.29 per common share declared a year ago. Diluted net income per common share was a record $4.70 for the year of 2021, up 48.26% from 2020 and was $1.11 for the fourth quarter of 2021, down 13.95% from the previous quarter and up 7.77% from the prior year's fourth quarter. Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck Prote