NASDAQ$SRCE
1st Source Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported record third quarter results with increased net income and diluted net income per common share.
1st Source Corporation reported a record quarterly net income of $32.48 million for the third quarter of 2021, a 61.95% increase from the $20.06 million reported in the third quarter of 2020. Diluted net income per common share for the third quarter of 2021 was up 65.38% to $1.29 versus $0.78 in the third quarter of 2020.
- Net income was a record $32.48 million for the quarter, up 7.48% from the second quarter and up 61.95% from the third quarter of 2020.
- Diluted net income per common share was also a record at $1.29, up compared to the $1.19 in the previous quarter and up from the prior year’s third quarter of $0.78.
- Cash dividend of $0.31 per common share was approved by our Board, up 10.71% from the $0.28 per common share declared a year ago.
- Small Business Administration (SBA) forgiveness and customer pay downs of Paycheck Protection Program (PPP) loans amounted to approximately $150.16 million during the quarter which contributed to the recognition of $6.69 million in PPP-related loan fees in the quarter.
Headline financials
Revenue & EPS history
1st Source · Revenue · Quarterly
$87.7M
Revenue by segment
1st Source · $23.5M total across 7 segments · Q4 2022
- Trust & Wealth Advisory$5.61M—23.9%
- Other Income$5.11M—21.8%
- Debit Card Fees$4.67M—19.9%
- Deposit Charges$3.17M—13.5%
- Equipment Rental$2.56M—10.9%
- Insurance Commissions$1.54M—6.5%
- Mortgage Banking$819K—3.5%
Forward guidance
The document does not contain specific forward guidance. It focuses on past performance and current strategies.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
+1.1%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+2.7%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+10.6%
Q2 2011
Best reaction
-9.5%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +1.6% | +1.0% | |
| Q4 2025 | -1.8% | -3.5% | +4.5% | |
| Q3 2025 | +3.5% | +0.4% | +5.5% | |
| Q2 2025 | -0.9% | -0.8% | +1.9% | |
| Q1 2025 | -0.9% | -0.0% | -2.1% | |
| Q3 2024 | -3.7% | +1.5% | +11.1% | |
| Q2 2024 | +7.3% | +5.8% | +0.3% | |
| Q1 2024 | -3.2% | -2.7% | -0.8% | |
| Q4 2023 | +4.5% | +4.6% | -0.1% | |
| Q3 2023 | +2.4% | +2.7% | +15.7% | |
| Q2 2023 | +0.4% | +2.0% | -0.7% | |
| Q1 2023 | -0.1% | -2.2% | -4.8% | |
| Q4 2022 | -9.5% | -6.0% | -2.6% | |
| Q3 2022 | +9.1% | +14.5% | +11.8% | |
| Q2 2022 | +2.3% | +7.2% | +13.2% | |
| Q1 2022 | -1.2% | -2.9% | -5.8% | |
| Q4 2021 | -5.3% | -0.8% | -3.8% | |
| Q3 2021 | +1.8% | +0.6% | +1.1% | |
| Q2 2021 | -1.7% | +2.5% | +7.6% | |
| Q1 2021 | +1.9% | +2.0% | +5.3% | |
| Q4 2020 | +0.4% | -1.8% | +2.5% | |
| Q3 2020 | +5.0% | +0.8% | +12.2% | |
| Q2 2020 | +0.9% | -0.2% | -1.2% | |
| Q1 2020 | +2.3% | +10.4% | +1.3% | |
| Q4 2019 | -1.3% | -2.9% | -6.0% | |
| Q3 2019 | +6.6% | +9.4% | +10.9% | |
| Q2 2019 | +1.9% | +2.2% | +3.0% | |
| Q1 2019 | -3.4% | -1.1% | -0.4% | |
| Q4 2018 | +3.3% | +2.3% | +7.4% | |
| Q3 2018 | -6.2% | -8.6% | -4.9% | |
| Q2 2018 | +4.5% | +5.9% | +3.2% | |
| Q1 2018 | +3.9% | +5.8% | +4.7% | |
| Q4 2017 | +1.8% | +3.0% | -1.4% | |
| Q3 2017 | +0.1% | +0.2% | -4.4% | |
| Q2 2017 | +0.3% | +1.8% | -5.3% | |
| Q1 2017 | +8.9% | +11.9% | +1.9% | |
| Q4 2016 | +7.1% | +6.1% | +7.1% | |
| Q3 2016 | -3.7% | -2.3% | +12.1% | |
| Q2 2016 | +3.2% | +2.3% | +3.7% | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | -1.4% | — | — | |
| Q3 2015 | +2.1% | — | — | |
| Q2 2015 | -3.7% | — | — | |
| Q1 2015 | -1.2% | — | — | |
| Q4 2014 | +2.4% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -0.1% | — | — | |
| Q1 2014 | -5.1% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | +4.8% | — | — | |
| Q2 2013 | -0.2% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +3.5% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q3 2010 | +2.2% | — | — | |
| Q3 2011 | +2.2% | — | — | |
| Q2 2010 | +10.6% | — | — | |
| Q2 2011 | +10.6% | — | — | |
| Q1 2010 | +3.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro