1st Source Corp. Posts Q3 Profit of $49.5 Million, Beats Analyst Estimates

SOUTH BEND, Ind. — 1st Source Corp. (SRCE) reported third-quarter profit of $49.5 million on Thursday, with adjusted earnings per share of $2.16 that exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share. Net income was $2.03 per share, adjusted for non-recurring costs. The holding company for 1st Source Bank posted revenue of $161.8 million for the period, with revenue net of interest expense at $124.1 million.