1st Source Bank announces the grand opening of a new banking center on the campus of Indiana University South Bend on August 6, 2018. Conveniently located in the University’s Administration Building, it will offer a wide range of personal banking products and services, including no monthly fee e-Student checking accounts for students and Easy Banking Checking accounts for faculty and staff. As its third branch set in the heart of a university, this expansion underscores the Bank’s confidence that it has the knowledge, capabilities, and commitment to serve the unique needs of the IUSB community.
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $21.96 million for the second quarter of 2018, an improvement of 31.77% compared to $16.67 million reported in the second quarter a year ago, bringing the 2018 year-to-date net income to $41.08 million compared to $32.88 million in 2017, an increase of 24.96%. Income before taxes was $27.50 million compared to $26.15 million in the second quarter of 2017 and $52.49 million for the first six months of 2018 compared to $51.07 million for the same period in 2017.
Forbes partnered with market research firm Statista to produce their first-ever survey to review the best-in-state banks and credit unions. Results showed that 1st Source Bank is the top-ranked bank headquartered in Indiana. The survey included opinions from 25,000 U.S. respondents across the United States. Banks and credit unions were rated on overall recommendations and satisfaction, as well as five subdimensions: trust, terms and conditions, branch services, digital services, and financial advice.
Horizon Bancorp (“Horizon” or the “Company”) today announced its unaudited financial results for the three-month period ended March 31, 2018.
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $19.12 million for the first quarter of 2018, an improvement of 17.96% compared to $16.21 million reported in the first quarter a year ago. Income before taxes was $25.00 million compared to $24.92 million in the first quarter of 2017. The pretax income comparison was positively impacted by increased net interest income of $6.81 million primarily due to rising lending rates, higher average loan and lease balances and the recognition of a $0.62 million unaccreted purchase discount from an early loan payoff. These positives were offset by a $2.79 million increase in the provision for loan and lease losses to support loan and lease growth and a $4.44 million rise in noninterest expense. Non-recurring first quarter 2018 costs were approximately...
Bitcoin. That simple word has caused quite a stir recently, leading to many to ask the question: What is it?
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, announces important investments in its people as a result of record performance in 2017 and new tax legislation opportunities. These new investments include the following:
Retirement isn’t something that the young think about. Neither is investment. However, as we age, we devote more thought into these things as our age begins to catch up to us. Our own mortality reminds us that we need to plan for a time when we can’t rely on our bodies to make us money, and relying solely on social security is no longer an option if we want to live comfortably.
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $68.05 million for the year of 2017, an increase of 17.76% compared to $57.79 million earned in 2016. Fourth quarter net income was $17.99 million, an increase of 18.19% compared to $15.23 million earned in the fourth quarter of 2016. The annual net income comparison was impacted by both positive and negative pre-tax items. It was positively impacted by gains on the sale of investment securities of $4.34 million and gains on the sale of fixed assets and leased equipment of $1.08 million. These positives were partially offset by contributions to the 1st Source Foundation of $2.54 million and software and consulting costs of $1.31 million for the design and implementation planning of...
Horizon Bancorp (“Horizon”) today announced its unaudited financial results for the three-month and twelve-month periods ended December 31, 2017. All share data has been adjusted to reflect Horizon’s three-for-two stock split effective November 14, 2016.