AP NEWS

1st Source: 4Q Earnings Snapshot

January 24, 2019

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.

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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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