SOUTH BEND, Ind. (AP) — SOUTH BEND, Ind. (AP) — 1st Source Corp. (SRCE) on Thursday reported net income of $31.4 million in its fourth quarter.
The South Bend, Indiana-based bank said it had earnings of $1.27 per share. Earnings, adjusted for non-recurring costs, came to $1.40 per share.
The holding company for 1st Source Bank posted revenue of $145.5 million in the period. Its revenue net of interest expense was $101.7 million, beating Street forecasts.
For the year, the company reported profit of $132.6 million, or $5.36 per share. Revenue was reported as $391 million.
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