1st Source Corp SRCE Income Statement

1st source corp (SRCE)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans and leases
257,191	258,348	257,372	250,526	243,447	234,455	223,553	214,021	203,533	194,726	187,752	182,288	178,147	175,999	175,611	173,206	171,898	168,766	165,529	164,087	161,905	161,215	159,896	161,170	160,881	161,137	162,226	160,444	160,650	161,376	161,060	161,191	162,583	163,986	167,472	169,830	0	0	0
Investment securities, taxable
20,981	20,946	21,120	20,976	20,263	19,356	17,914	16,050	14,947	13,853	13,342	12,678	12,348	11,914	11,504	12,397	12,005	11,929	12,275	11,960	12,713	13,054	13,348	13,967	14,064	14,414	14,626	14,958	15,794	16,426	17,019	17,800	18,378	18,533	19,019	19,604	0	0	0
Investment securities, tax-exempt
1,230	1,351	1,473	1,589	1,711	1,857	1,863	2,059	2,261	2,413	2,530	2,574	2,594	2,603	2,792	2,858	2,915	2,992	3,064	3,157	3,219	3,269	3,265	3,198	3,142	3,094	3,109	3,171	3,259	3,340	3,415	3,523	3,679	4,013	4,493	4,981	0	0	0
Other
2,140	2,232	1,886	1,780	1,678	1,648	1,654	1,588	1,510	1,393	1,300	1,254	1,244	1,244	1,146	1,113	1,033	997	996	991	994	1,016	978	966	975	940	967	969	959	943	972	958	974	991	926	959	0	0	0
Total interest income
281,542	282,877	281,851	274,871	267,099	257,316	244,984	233,718	222,251	212,385	204,924	198,794	194,333	191,760	191,053	189,574	187,851	184,684	181,864	180,195	178,831	178,554	177,487	179,301	179,062	179,585	180,928	179,542	180,662	182,085	182,466	183,472	185,614	187,523	191,910	195,374	0	0	0
Interest expense:
Deposits
49,876	50,495	48,317	44,198	39,539	34,631	30,057	25,838	22,030	19,202	17,258	15,951	15,230	15,267	14,658	13,653	12,701	11,489	10,897	10,788	10,944	11,356	12,291	13,615	15,033	16,604	18,052	19,382	20,674	21,877	23,357	25,694	28,152	30,762	35,063	38,880	0	0	0
Short-term borrowings
1,257	1,934	2,482	2,707	2,993	2,838	2,340	2,218	1,664	1,115	990	744	591	525	533	530	542	484	483	470	508	541	501	439	315	211	182	146	148	169	196	237	264	300	459	588	0	0	0
Subordinated notes
3,633	3,677	3,686	3,690	3,670	3,625	3,579	3,683	3,830	4,002	4,187	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,220	4,707	5,299	5,892	6,484	6,589	6,589	6,589	6,589	6,590	6,590	0	0	0
Long-term debt and mandatorily redeemable securities
3,014	2,905	2,953	2,696	2,575	2,316	2,131	2,235	2,291	2,435	2,289	2,214	2,195	2,089	2,155	2,169	2,014	1,970	2,115	2,067	2,012	2,108	1,951	2,055	1,813	1,733	1,695	1,674	1,803	1,779	1,727	1,636	1,684	1,472	1,544	1,439	0	0	0
Total interest expense
57,780	59,011	57,438	53,291	48,777	43,410	38,107	33,974	29,815	26,754	24,724	23,129	22,236	22,101	21,566	20,572	19,477	18,163	17,715	17,545	17,684	18,225	18,963	20,329	21,381	22,768	24,636	26,501	28,517	30,309	31,869	34,156	36,689	39,123	43,656	47,497	0	0	0
Net interest income
223,762	223,866	224,413	221,580	218,322	213,906	206,877	199,744	192,436	185,631	180,200	175,665	172,097	169,659	169,487	169,002	168,374	166,521	164,149	162,650	161,147	160,329	158,524	158,972	157,681	156,817	156,292	153,041	152,145	151,776	150,597	149,316	148,925	148,400	148,254	147,877	0	0	0
Provision for loan and lease losses
22,268	15,833	17,584	20,024	20,594	19,462	18,382	13,845	11,766	8,980	6,100	6,547	5,858	5,833	5,091	4,016	2,778	2,160	1,340	1,554	3,286	3,733	3,694	2,069	819	772	2,424	3,493	4,255	5,752	4,563	5,173	3,185	3,129	9,103	13,641	0	0	0
Net interest income after provision for loan and lease losses
201,494	208,033	206,829	201,556	197,728	194,444	188,495	185,899	180,670	176,651	174,100	169,118	166,239	163,826	164,396	164,986	165,596	164,361	162,809	161,096	157,861	156,596	154,830	156,903	156,862	156,045	153,868	149,548	147,890	146,024	146,034	144,143	145,740	145,271	139,151	134,236	0	0	0
Noninterest income:
Trust and wealth advisory
-	-	-	-	-	-	-	-	-	-	-	-	0	-	19,110	19,053	19,192	19,126	19,019	18,884	18,592	18,511	17,513	18,274	17,758	17,383	17,891	16,686	16,626	16,498	16,429	16,276	16,308	16,327	16,175	16,335	0	0	0
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	0	-	9,085	9,132	9,223	9,313	9,163	8,975	8,815	8,684	8,747	8,886	9,004	9,177	9,599	9,923	10,219	10,418	5,118	7,178	9,195	10,993	18,540	19,067	0	0	0
Debit card
-	-	-	-	-	-	-	-	-	-	-	-	0	-	10,767	10,605	10,417	10,217	10,118	9,917	9,752	9,585	9,207	9,168	9,049	8,882	8,860	8,537	8,387	8,389	0	0	0	-	-	-	-	-	-
Mortgage banking
6,098	4,698	4,259	3,822	3,896	3,844	3,941	4,502	4,733	4,796	4,738	4,586	4,397	4,496	4,606	4,241	4,365	4,570	4,879	5,356	5,298	5,381	5,238	4,895	5,650	5,944	7,560	8,477	8,043	8,357	6,968	6,004	5,337	3,839	4,884	4,253	0	0	0
Insurance commissions
6,468	6,761	6,772	6,749	6,718	6,502	6,408	6,257	6,080	5,889	5,873	5,794	5,717	5,513	5,464	5,574	5,723	5,465	5,535	5,392	5,298	5,556	5,529	5,504	5,609	5,492	5,574	5,765	5,583	5,494	5,428	5,157	5,008	4,793	4,596	4,445	0	0	0
Income related to lease payments
29,389	30,741	31,346	31,872	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment rental
-	-	-	-	-	-	-	-	31,304	-	28,951	27,691	26,622	25,863	25,247	24,471	23,296	22,302	20,917	19,397	18,153	17,156	16,672	16,311	16,299	16,229	16,274	16,878	17,458	18,796	20,120	21,330	22,673	23,361	24,356	25,214	0	0	0
Gains on investment securities available-for-sale
280	0	0	0	0	-345	1,238	2,245	2,710	4,340	3,763	3,745	3,071	1,796	790	-199	14	4	4	4	0	963	823	795	795	-168	0	0	0	-	-	-	-	-	-	-	-	-	-
Investment securities and other investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	205	530	1,664	1,399	2,769	2,450	0	0	0
Other
13,232	13,019	11,928	10,832	10,038	10,362	9,840	10,329	10,216	9,922	9,436	8,955	10,002	11,122	12,422	13,081	12,962	12,319	12,655	12,625	12,332	12,051	12,267	12,929	13,498	14,273	14,281	13,803	13,414	12,958	12,839	12,577	12,695	12,665	12,038	11,966	0	0	0
Total noninterest income
101,628	101,130	99,713	98,008	97,367	97,050	98,561	100,093	99,206	98,706	95,391	92,464	90,625	88,945	87,491	85,958	85,192	83,316	82,290	80,550	78,240	77,887	75,996	76,762	77,662	77,212	79,801	79,948	79,617	81,192	80,883	80,808	82,442	80,872	83,358	83,730	0	0	0
Noninterest expense:
Salaries and employee benefits
98,004	97,098	96,182	94,912	94,821	93,857	92,230	91,082	88,098	86,912	86,229	86,349	86,831	86,837	87,260	86,959	86,559	86,133	84,943	83,898	81,931	80,488	79,329	78,980	79,329	79,783	80,484	81,025	82,219	82,599	81,680	80,174	78,939	77,261	76,229	75,601	0	0	0
Net occupancy
10,477	10,528	10,425	10,313	9,947	10,041	10,360	10,643	10,896	10,624	10,211	9,840	9,779	9,686	9,709	9,770	9,808	9,768	9,689	9,445	9,335	9,311	9,144	9,018	8,930	8,700	8,639	8,165	7,866	7,819	7,766	8,351	8,554	8,714	8,808	8,510	0	0	0
Furniture and equipment
25,198	24,815	24,831	24,573	24,002	23,433	22,447	22,041	21,431	20,769	20,265	19,800	19,503	19,500	19,376	19,082	18,802	18,348	18,063	17,874	17,756	17,657	17,675	17,737	17,233	16,895	16,536	15,876	15,798	15,406	14,856	14,558	14,288	14,130	13,656	13,333	0	0	0
Depreciation - leased equipment
-	-	-	-	-	-	-	-	25,963	-	24,104	23,109	22,257	21,678	21,053	20,341	19,293	18,280	17,125	15,838	14,732	13,893	13,420	13,095	13,079	13,055	13,038	13,587	14,116	15,202	16,309	17,164	18,156	18,650	19,423	20,077	0	0	0
Professional fees
6,796	6,952	6,959	7,239	7,261	7,680	7,924	7,806	7,750	6,810	6,022	5,501	5,019	5,161	5,120	5,113	5,031	4,682	4,913	4,834	4,788	5,046	4,826	4,846	5,094	5,321	5,694	5,901	6,040	6,083	6,238	6,179	5,810	5,508	5,065	5,157	0	0	0
Supplies and communication
6,595	6,454	6,377	6,369	6,260	6,320	6,131	5,812	5,658	5,355	5,017	4,957	4,986	5,244	6,027	6,078	6,113	6,011	5,558	5,675	5,603	5,589	5,478	5,384	5,546	5,690	5,901	5,958	5,844	5,701	5,596	5,521	5,452	5,453	5,409	5,435	0	0	0
FDIC and other insurance
1,438	1,795	2,169	2,764	2,870	2,923	2,915	2,753	2,612	2,537	2,599	2,553	2,891	3,147	3,305	3,506	3,442	3,412	3,358	3,366	3,369	3,384	3,353	3,371	3,448	3,462	3,565	3,604	3,531	3,602	3,629	3,590	3,694	4,421	4,928	5,721	0	0	0
Business development and marketing
6,713	6,303	5,662	5,481	5,528	6,112	8,046	7,582	7,358	7,477	6,020	6,084	5,608	4,936	4,598	4,579	4,768	4,837	5,755	5,729	5,414	6,049	5,728	5,816	5,849	4,938	4,318	4,020	4,138	4,232	4,503	4,463	4,277	4,032	3,299	3,211	0	0	0
Loan and lease collection and repossession
2,804	3,402	2,584	3,450	3,785	3,375	3,745	3,275	3,039	2,724	2,522	1,753	1,809	1,600	1,318	1,410	731	667	1,446	1,682	1,959	1,102	789	1,667	2,779	4,030	4,808	5,144	5,028	5,772	6,859	6,380	6,901	6,724	5,660	7,540	0	0	0
Other
8,284	6,534	6,487	6,429	5,296	6,478	5,925	5,862	5,630	5,574	5,456	5,184	5,376	5,856	5,862	6,713	7,211	6,976	8,510	7,604	7,241	7,521	6,898	7,503	7,450	7,440	7,458	5,924	5,458	5,120	5,170	6,181	5,855	7,461	6,900	7,293	0	0	0
Total noninterest expense
190,340	189,009	187,354	187,590	186,114	186,467	186,089	183,207	178,435	173,997	168,445	165,130	164,059	163,645	163,628	163,551	161,758	159,114	159,360	155,945	152,128	150,040	146,640	147,417	148,737	149,314	150,441	149,204	150,038	151,536	152,606	152,561	151,926	152,354	149,377	151,878	0	0	0
Income before income taxes
112,782	120,154	119,188	111,974	108,981	105,027	100,967	102,785	101,441	101,360	101,046	96,452	92,805	89,126	88,259	87,393	89,030	88,563	85,739	85,701	83,973	84,443	84,186	86,248	85,787	83,943	83,228	80,292	77,469	75,680	74,311	72,390	76,256	73,789	73,132	66,088	0	0	0
Income tax expense
26,545	28,139	27,681	25,027	23,487	22,613	22,005	26,529	30,480	33,309	35,764	34,088	32,631	31,340	31,281	30,751	31,237	31,077	27,674	26,617	26,025	26,374	27,397	29,510	29,601	28,985	29,640	28,595	27,147	26,047	25,842	25,386	26,954	25,594	24,916	21,617	0	0	0
Net (income) loss attributable to noncontrolling interests
60	55	42	32	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income available to common shareholders
86,177	91,960	91,465	86,915	85,494	82,414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income
86,237	92,015	91,507	86,947	85,494	82,414	78,962	76,256	70,961	68,051	65,282	62,364	60,174	57,786	56,978	56,642	57,793	57,486	58,065	59,084	57,948	58,069	56,789	56,738	56,186	54,958	53,588	51,697	50,322	49,633	48,469	47,004	49,302	48,195	48,216	44,471	0	0	0
Per common share:
Basic net income per common share (in dollars per share)
0.64	0.85	0.95	0.91	0.86	0.83	0.76	0.84	0.73	0.68	0.66	0.64	0.62	0.58	0.55	0.56	0.53	0.54	0.53	0.59	0.51	0.52	0.56	0.54	0.55	0.37	0.60	0.56	0.50	0.50	0.53	0.51	0.48	0.45	0.47	0.61	0.43	0.39	0.25
Diluted net income per common share (in dollars per share)
0.64	0.85	0.95	0.91	0.86	0.83	0.76	0.84	0.73	0.68	0.66	0.64	0.62	0.58	0.55	0.56	0.53	0.54	0.53	0.59	0.51	0.52	0.56	0.54	0.55	0.37	0.60	0.56	0.50	0.50	0.53	0.51	0.48	0.45	0.47	0.61	0.43	0.39	0.25
Cash dividends (in dollars per share)
0.29	-	0.27	0.27	0.27	-	0.25	0.24	0.22	-	0.19	0.19	0.18	-	0.18	0.18	0.18	-	0.16	0.16	0.16	-	0.16	0.16	0.17	-	0.17	0.17	0.17	-	0.17	0.16	0.16	-	0.16	0.16	0.16	0.15	0.15
Basic weighted average common shares outstanding (in shares)
25,523	-	25,520	25,615	25,759	-	25,965	25,958	25,950	-	25,935	25,927	25,903	-	25,867	25,853	25,923	-	26,164	26,212	26,258	-	26,262	26,485	24,317	-	24,366	24,367	24,321	-	24,279	24,263	24,259	-	24,213	24,254	24,271	24,247	24,284
Diluted weighted average common shares outstanding (in shares)
25,523	-	25,520	25,615	25,759	-	25,965	25,958	25,950	-	25,935	25,927	25,903	-	25,867	25,853	25,923	-	26,164	26,212	26,258	-	26,262	26,485	24,317	-	24,367	24,368	24,324	-	24,289	24,273	24,270	-	24,223	24,263	24,279	24,253	24,292
Trust and wealth advisory
Trust and wealth advisory, service charges on deposit accounts, and debit card income
20,682	20,692	20,397	20,524	20,741	21,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Trust and wealth advisory, service charges on deposit accounts, and debit card income
11,117	11,010	10,953	10,628	10,468	10,454	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit card
Trust and wealth advisory, service charges on deposit accounts, and debit card income
14,362	14,209	14,078	13,728	13,486	13,369	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leased equipment
Depreciation - leased equipment
24,031	25,128	25,702	26,188	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-