1st Source Q2 net income $29.3M (-3% YoY); adjusted record ex-PPP; dividend raised 3.2%

1ST SOURCE CORP

2022-Q2 EPS reported $2.28

Diluted EPS $1.18 vs $1.19 YoY; adjusted EPS ex-PPP was a record, up 3.87%.
Net interest margin 3.32% (tax-equiv), up 17 bps YoY; average loans net PPP grew 6.58% YoY.
Cash dividend increased to $0.32 per share, payable Aug. 12 to holders of record Aug. 2.
104,400 shares repurchased for $4.66M during Q2; book value per share fell to $34.74.
Nonperforming assets to loans improved to 0.60% from 1.06% a year ago.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.