1st Source Corporation up 85.88 Percent in 2nd Quarter, Increased Dividend Announced.

Business Wire › July 29, 2004

Linked as:

Extract

1st Source Corporation up 85.88 Percent in 2nd Quarter, Increased Dividend Announced.

SOUTH BEND, Ind. -- 1st Source Corporation (Nasdaq:SRCE), parent company of 1st Source Bank, today reported net income of $8.72 million for the second quarter of 2004, up 85.88 percent over the $4.69 million reported in the second quarter of 2003. During the first six months of 2004, net income for 1st Source Corporation was $13.80 million, a 50.79 percent increase over the $9.15 million reported for the same period in 2003.

Diluted net income per common share for the second quarter of 2004 amounted to $0.42, up 90.91 percent compared with $0.22 reported in the second quarter of 2003. Diluted net income per share for the first two quarters of 2004 was $0.66, an increase of 53.49 percent over the $0.43 reported in the same period a year ago.

Earnings for the second quarter of 2004 represent a return on average common...

See the full content of this document