2018 was a year filled with highlights for Centier Bank, including passing the $4 billion asset milestone in the second quarter of 2018. The bank also opened new branches in the Indianapolis market with its Fishers Crossing location and in Michiana with its Elkhart North location, its 60th and 61st banking centers, respectively.
More than a decade after the Great Recession, Indiana’s second largest market saw growth in 2018. Micah Pollak, Ph.D., assistant professor of economics at Indiana University Northwest, said there are many positive signs of significant economic development and accelerating growth. Northwest Indiana, he said, has been dealing with a shift in its economy for more than 40 years.
1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported a record high net income of $82.41 million for the year of 2018, an improvement of 21.11% compared to $68.05 million earned in 2017. Fourth quarter net income was $21.45 million, an increase of 19.18% compared to $17.99 million earned in the fourth quarter of 2017. Income before taxes for the year of 2018 was $105.03 million, growing 3.62% compared to $101.36 million earned in 2017 and $27.61 million for the fourth quarter of 2018, an improvement of 17.24% compared to $23.55 million for the same period in 2017.
If you have a health insurance plan with a high deductible, you may want to set up a Healthcare Savings Account (HSA) to complement it. Not sure if it’s a fit for you? Here’s an overview to help you decide.
Horizon Bank’s Diversity Business Council members attended a meeting at their corporate headquarters to discuss diversity and inclusion initiatives.
Horizon Bank announces a partnership with Federal Home Loan Bank of Indianapolis, which offers affordable housing initiatives. The Homeownership Opportunities Program (HOP), the Neighborhood Impact Program (NIP), and the Accessibility Modifications Program (AMP) are designed to provide affordable housing, home repairs and modifications as well as accessibility modifications.
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...