1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS
季度亮点
- Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30.
- Cash dividend increase of two cents per share to $0.36 per common share for the quarter was approved, up 12.50% from the cash dividend declared a year ago.
- Average loans and leases grew $102.14 million in the second quarter, up 1.57% (6.28% annualized growth) from the previous quarter and $465.05 million, up 7.57% from the second quarter of 2023.
- Average deposits grew $172.57 million in the second quarter, up 2.46% from the previous quarter and $244.60 million, up 3.52% from the second quarter of 2023.
- Tax-equivalent net interest income was $74.19 million, up $2.13 million or 2.96% from the first quarter of 2024 and up $5.50 million, or 8.00% from the second quarter a year ago. Tax-equivalent net interest margin was 3.59%, up five basis points from the previous quarter and up 11 basis points from the second quarter a year ago.
- Net recoveries of $1.99 million or 0.12% of average loans and leases occurred during the quarter compared to net charge-offs of $6.12 million or 0.38% of average loans and leases during the previous quarter.
- 本季度净收入为3679万美元,比2023年第二季度增长了436万美元或13.44%。稀释后每股普通股净收益为1.49美元,比去年同期的每股普通股净收益1.30美元增加了0.19美元或14.62%。
- 批准每股普通股股利增加两分钱至每股0.36美元,本季度的普通股股利比一年前宣布的现金股利增加了12.50%。
- 第二季度贷款和租赁平均额增加了10214万美元,环比增长了1.57%(年化增长6.28%),比上一季度增加了46505万美元,同比增长了7.57%。
- 第二季度平均存款增加了17257万美元,比上一季度增长了2.46%,比2023年第二季度增加了24460万美元,增长了3.52%。
- 税收当量净利息收入为7419万美元,比2024年第一季度增加了213万美元或2.96%,比去年同期的第二季度增加了550万美元或8.00%。税当量净息差为3.59%,比上一季度上升了五个基点,比去年同期增加了11个基点。
- 本季度贷款和租赁的净回收为199万美元或平均贷款和租赁的0.12%,上一季度净核销为612万美元或平均贷款和租赁的0.38%。
South Bend, Indiana--(Newsfile Corp. - July 25, 2024) - 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $36.79 million for the second quarter of 2024, up $7.34 million or 24.91% from the previous quarter and up 13.44% from the $32.44 million reported in the second quarter a year ago. Year-to-date 2024 net income was $66.25 million compared to $63.56 million during the first six months of 2023. Diluted net income per common share for the second quarter of 2024 was $1.49, up $0.30 or 25.21% from the previous quarter and up 14.62%, versus $1.30 in the second quarter of 2023. Diluted net income per common share for the first half of 2024 was $2.68 compared to $2.55 a year earlier.
印第安纳州南本德-(Newsfile Corp. - 2024年7月25日)- 1st Source Corporation(纳斯达克股票代码:SRCE)及旗下子公司1st Source银行的母公司——今天公布,该公司2024年第二季度净收入创下历史新高3679万美元,环比增长了734万美元或24.91%,同比增长了13.44%,2024年截至目前的净收入为6625万美元,较2023年前六个月的6356万美元增加了269万美元。第二季度稀释后每股普通股净收益为1.49美元,比上一季度增加了0.30美元或25.21%,比2023年第二季度的每股稀释后普通股净收益1.30美元增加了0.19美元或14.62%。前半年稀释后每股普通股净收益为2.68美元,与去年同期的2.55美元相比,增长了0.13美元。
At its July 2024 meeting, the Board of Directors approved an increase in the cash dividend of two cents per share, raising the approved dividend for the quarter to $0.36 per common share, up 12.50% from the cash dividend declared a year ago. The cash dividend is payable to shareholders of record on August 5, 2024, and will be paid on August 15, 2024.
公司董事会在2024年7月会议上批准了每股股利增加两分钱的现金股利,将本季度批准的股利提高到每股0.36美元,比一年前宣布的现金股利增加了12.50%。此现金股利支付给2024年8月5日记录股东的股东,并将于2024年8月15日支付。
Christopher J. Murphy III, Chairman and Chief Executive Officer, commented, "We are very pleased to have achieved record quarterly earnings during the second quarter. Average loans and leases grew $102.14 million, up 1.57%, and average deposits increased $172.53 million, or 2.46% compared to the previous quarter. Disciplined loan and lease pricing led to an improvement in our net interest margin of five basis points from the prior quarter. This marks the third consecutive quarter of margin expansion despite persistent deposit rate competition. We were also helped by net recoveries of $1.99 million during the quarter. Nonperforming assets to loans and leases at June 30, 2024, was 0.31%, down from 0.34% at March 31, 2024, and the allowance for loan and lease losses as a percentage of total loans and leases remained strong and unchanged from the previous quarter at 2.26%. Additionally, our liquidity and capital positions remained strong.
董事长兼首席执行官Christopher J. Murphy III表示:“我们非常高兴在第二季度实现历史新高的季度收益。平均贷款和租赁额增加了10214万美元,增长了1.57%,平均存款增加了17253万美元或2.46%,较上一季度增加。 优秀的贷款和租赁定价带来了净息差的提高,每股稀释后普通股净收益比上一季度增加了0.30美元,比2023年第二季度增加了0.19美元。本季度实现了净回收199万美元的帮助。截至2024年6月30日,不良资产对贷款和租赁的比率为0.31%,低于2024年3月31日的0.34%,而贷款和租赁损失拨备占总贷款和租赁的比率保持强劲和不变,保持在2.26%。此外,我们的流动性和资本状况保持强劲。
"During the quarter, we were excited to learn that 1st Source was named by Forbes' as one of America's Best Banks! We ranked #14 on the list and the only bank in Indiana to be in the top 15. This award is a proof point that we are holding true to our long-standing commitment of helping our clients achieve security, build wealth, and realize their dreams by building a fortress-like balance sheet and quality, sustainable earnings to help us better serve them!
“在本季度,我们很高兴得知1st Source被福布斯评为美国最佳银行之一!我们在该榜单上排名第14位,是印第安纳州唯一入选前15名的银行。此奖项是证明我们一直秉持着长期承诺,即通过建立类似堡垒的资产表和质量可持续性收益来帮助客户确保安全,积累财富,实现梦想!”
"The proof points continued to roll in this quarter as we also were named to the Forbes' Best in State Banks and Best Employers for New Grads lists. Finally, US News & World Report recently announced that 1st Source Bank was named a "Best Company to Work For" in the Midwest. It is an honor to receive this blend of awards because it emphasizes our stability as a bank not only financially, but also culturally.
“在本季度中,证明继续不断涌现,我们还被评为福布斯最佳州级银行和最佳新毕业生雇主。最后,美国新闻与世界报道最近宣布,1st Source Bank被评为美国中西部地区的“最佳公司”。能够获得这样的奖项非常荣幸,因为它突显了我们作为银行的稳定性,不仅在财务方面,而且在文化方面。”
"We strive to provide our colleagues with an engaging work environment that upholds our core values of integrity, teamwork, and superior quality paired with outstanding client service and community leadership. In keeping with our commitment to our community, we have remodeled both our Dunlap and our Bristol Street Banking Centers to feature our side-by-side banking model. This experience invites clients behind the teller line, allowing for clients and bankers to have a more transparent and inclusive relationship," Mr. Murphy concluded.
“我们努力为同事提供一个充满活力的工作环境,坚持我们的核心价值观:诚信、团队合作、优质卓越的客户服务和社区领导。为了履行我们对社区的承诺,我们重新装修了我们的Dunlap和Bristol Street银行中心,以展示我们的并置式银行模式,这个模式使客户能够进入柜员的后面,促进透明和包容的关系。”
SECOND QUARTER 2024 FINANCIAL RESULTS
2024年第二季度财务业绩
Loans
贷款
Second quarter average loans and leases increased $102.14 million to $6.61 billion, up 1.57% from the previous quarter and increased $465.05 million, up 7.57% from the second quarter a year ago. Year-to-date average loans and leases increased $466.17 million to $6.56 billion, up 7.66% from the first six months of 2023. Growth during the quarter occurred primarily within the Construction Equipment, Renewable Energy and Auto and Light Truck portfolios.
第二季度平均贷款和租赁额增加了10214万美元,达到66.1亿美元,环比增长了1.57%,比去年同期增长了46505万美元,增长了7.57%。前六个月的平均贷款和租赁额增加了46617万美元,达到65.6亿美元,较2023年同期增长了7.66%。本季度的增长主要集中在建筑设备、可再生能源和汽车和轻型卡车的组合中。
Deposits
存款
Average deposits of $7.18 billion, increased $172.57 million, or 2.46% from the previous quarter, and grew $244.60 million or 3.52% compared to the quarter ended June 30, 2023. Average deposits for the first six months of 2024 were $7.10 billion, an increase of $193.15 million, up 2.80% from the same period a year ago. Average deposit balance growth from the previous quarter was primarily due to expected seasonal public fund deposit inflows. Average deposit balance growth from the second quarter of 2023 was primarily in savings, time, and brokered deposits.
第二季度平均存款为71.8亿美元,环比增长了17257万美元或2.46%,与2023年第二季度相比增长了24460万美元或3.52%。2024年前六个月的平均存款为71亿美元,较去年同期增加了19315万美元,增长了2.80%。平均存款余额的增长主要是由于季节性公共资金存款流入所带来的。 由于储蓄、时间和经纪存款,与去年同期相比,存款平均余额增长了。
End of period deposits were $7.20 billion at June 30, 2024, compared to $7.06 billion at March 31, 2024. Balances were higher mainly due to increased public fund deposits and time deposits, offset by decreased noninterest bearing deposits and brokered deposits. Rate competition for deposits persisted during the quarter from various areas including traditional bank and credit union competitors, money market funds, bond markets, and other non-bank alternatives.
2024年6月30日期末存款为72亿美元,而2024年3月31日为706亿美元。余额主要由于增加的公共基金存款和定期存款而增加,而非利息负担存款和经纪存款则减少。各个领域的存款利率竞争仍在持续。 包括传统银行和信用联盟竞争对手、货币市场基金、债券市场及其他非银行替代产品。
Net Interest Income and Net Interest Margin
净利息收益和净利息收益率
Second quarter 2024 tax-equivalent net interest income increased $2.13 million to $74.19 million, up 2.96% from the previous quarter and increased $5.50 million, up 8.00% from the second quarter a year ago. For the first six months of 2024, tax equivalent net interest income increased $7.77 million to $146.26 million, up 5.61% from the first half of 2023.
2024年第二季度税收当量净利息收入增加213万美元至7419万美元,比上一季度增长2.96%,比去年同期的第二季度增加了550万美元或8.00%。2024年前六个月税收当量净利息收入增加777万美元,至14626万美元,比2023年前六个月增加了5.61%。
Second quarter 2024 net interest margin was 3.59%, an increase of five basis points from the 3.54% in the previous quarter and an increase of 12 basis points from the same period in 2023. On a fully tax-equivalent basis, second quarter 2024 net interest margin was 3.59%, up by five basis points compared to the 3.54% in the previous quarter, and an increase of 11 basis points from the same period in 2023. The five basis point increase from the prior quarter was primarily due to higher rates on loan and lease balances and less reliance on higher costing short-term borrowings.
2024年第二季度税收当量净息差为3.59%,比上一季度的3.54%上升了五个基点,比去年同期增加了12个基点。 基于完全税收等价物,2024年第二季度税收当量净息差为3.59%,比上一季度的3.54%增加了五个基点,比去年同期增加了11个基点。 环比增长五个基点主要是由于贷款和租赁余额上涨带来的利率上升,而对高成本短期借款的更少依赖所致。
Net interest margin for the first six months of 2024 was 3.56%, an increase of three basis points compared to the first six months of 2023. Net interest margin on a fully-tax equivalent basis for the first half of 2024 was 3.57%, an increase of three basis points compared to the first half of the prior year.
2024年上半年的净利息收益率为3.56%,比去年同期上升了3个基点。2024年上半年以完全税收等效基础计算的净利息收益率为3.57%,比去年同期上升了3个基点。
Noninterest Income
非利息收入
Second quarter 2024 noninterest income of $23.22 million increased $1.07 million, up 4.81% from the previous quarter, and was up modestly compared to the second quarter a year ago. For the first six months of 2024, noninterest income decreased slightly from the same period a year ago.
2024年第二季度的非利息收入为2322万美元,比上季度增加了107万美元,增幅为4.81%,与去年同期略有增长。2024年上半年的非利息收入与去年同期相比略有下降。
The increase in noninterest income compared to the previous quarter was mainly due to higher trust and wealth advisory income primarily from seasonal tax preparation fee income and improvements in overall investment market performance. Additionally, increased debit card income, and a rise in mortgage banking income from higher sales volumes were offset by lower equipment rental income due to a change in customer preferences and continued competitive pricing pressure for new business.
与上一季度相比,非利息收入的增长主要来自于信托和财富咨询收入的增加,主要是由于季节性税务准备费收入和整体投资市场表现的改善。此外,借记卡收入的增加以及由于客户偏好的改变和新业务的持续竞争性定价压力导致的设备租赁收入下降,而抵消了房屋抵押贷款销售额上升所带来的收益。
Noninterest Expense
非利息费用
Second quarter 2024 noninterest expense of $49.49 million was relatively flat compared to the prior quarter and increased slightly from the second quarter a year ago. For the first six months of 2024, noninterest expense was $99.08 million, up marginally from the same period a year ago.
2024年第二季度的非利息费用为4949万美元,与上一季度基本持平,比去年同期略有增长。2024年上半年的非利息费用为9908万美元,与去年同期相比略有增长。
The increase in noninterest expense compared to the second quarter and first six months of 2023 was the result of higher salaries and wages from normal merit increases, the impact of wage inflation and an increase in the number of employees filling prior open positions and a $1.08 million reversal of accrued legal fees during the first quarter of 2023. Additionally, increased data processing costs from technology projects, higher blanket bond insurance premium costs, as well as an increase in business development and marketing expenses, added to the increase. These increases were offset by reduced group insurance claims, lower leased equipment depreciation, a decrease in the loan loss provision for unfunded commitments and gains on the sale of leased equipment.
与2023年第二季度和上半年相比,非利息费用的增加是由正常绩效提升的薪资和工资、工资通货膨胀的影响,以及填补之前的空缺职位的员工人数增加导致的,以及2023年第一季度的应计法律费用反转108万美元。此外,技术项目带来的数据处理成本增加,较高的综合保险保费成本,以及业务拓展和市场营销费用的增加,也导致了成本的增加。这些增加是由减少的团体保险索赔、低租赁设备折旧、未拨备承诺贷款的减少和出租设备销售利得所抵消的。
Credit
信用贷款
The allowance for loan and lease losses of $150.07 million as of June 30, 2024, was 2.26% of total loans and leases. This percentage compared to 2.26% at March 31, 2024, and 2.31% at June 30, 2023. Net recoveries of $1.99 million were recorded for the second quarter of 2024, compared with $6.12 million of net charge-offs in the prior quarter and net recoveries of $0.98 million in the same quarter a year ago. The majority of the second quarter's recoveries were related to activity in our Construction, Auto and Light Truck and Aircraft portfolios.
2024年6月30日的贷款和租赁准备金余额为1.5007亿美元,占总贷款和租赁比例的2.26%。这一比例相比于2024年3月31日的2.26%,以及2023年6月30日的2.31%。2024年第二季度的净恢复为199万美元,而上一季度的净冲销为612万美元,去年同期的净恢复为98万美元。第二季度的大部分恢复与建筑、汽车和轻型卡车以及飞机组合的活动有关。
The provision for credit losses was $0.06 million for the second quarter of 2024, a decrease of $6.54 million from the previous quarter and an increase of $0.01 million compared with the same period in 2023. Net recoveries recorded during the quarter, compared to net charge-offs in the previous quarter, were the primary reason for the decrease in the provision for credit losses. The provision for credit losses during the quarter was driven by modest loan growth, an increase in specific impairments, and overall higher special attention outstandings, offset by a decrease in aircraft portfolio loan balances which carry a higher allowance due to historical risk volatility. The ratio of nonperforming assets to loans and leases was 0.31% as of June 30, 2024, compared to 0.34% on March 31, 2024, and 0.33% on June 30, 2023.
2024年第二季度的信用损失准备为6万美元,比上一季度减少了654万美元,比2023年同期增加了1万美元。净恢复导致信用损失准备减少是减少的主要原因。本季度的信用损失拨备主要是由于适度的贷款增长、特定贷款损失增加和整体特别关注贷款余额增加而产生的,而此增加被飞机组合贷款余额的减少所抵消,因为由于历史风险波动性的原因,飞机组合贷款余额具有更高的拨备。截至2024年6月30日,不良资产与贷款和租赁的比例为0.31%,比2024年3月31日的0.34%和2023年6月30日的0.33%略有下降。
Capital
资本
As of June 30, 2024, the common equity-to-assets ratio was 11.75%, compared to 11.65% at March 31, 2024, and 10.95% a year ago. The tangible common equity-to-tangible assets ratio was 10.91% at June 30, 2024, compared to 10.79% at March 31, 2024, and 10.05% a year earlier. The Common Equity Tier 1 ratio, calculated under banking regulatory guidelines was 13.74% at June 30, 2024 compared to 13.48% at March 31, 2024 and 13.59% a year ago.
截至2024年6月30日,普通股资产比率为11.75%,比2024年3月31日的11.65%和去年同期的10.95%有所增加。无形普通股权益-无形资产比率为10.91%,2024年6月30日,比2024年3月31日的10.79%和去年同期的10.05%略有增加。按照银行监管指导方针计算的普通股一级资本比率截至2024年6月30日为13.74%,比2024年3月31日的13.48%和去年同期的13.59%略有增加。
Capital accretion over the last twelve months has been driven primarily by growth in retained earnings and a reduction in unrealized losses in our short-duration investment securities available-for-sale portfolio.
过去十二个月的资本增值主要是由于保留收益增长和短期投资证券可供出售组合中未实现损失的减少所推动的。
No shares were repurchased for treasury during the second quarter of 2024.
在2024年第二季度,没有回购股票。
ABOUT 1ST SOURCE CORPORATION
关于第一资源公司
1st Source common stock is traded on the NASDAQ Global Select Market under "SRCE" and appears in the National Market System tables in many daily newspapers under the code name "1st Src." Since 1863, 1st Source has been committed to the success of its clients, individuals, businesses and the communities it serves. For more information, visit .
第一资源公司的普通股票在纳斯达克全球精选市场上交易,代号为“SRCE”,并出现在许多日报的全国市场系统表中,代号为“1st Src.”。自1863年以来,第一资源一直致力于为其客户、个人、企业和社区的成功而努力。欲了解更多信息,请访问。
1st Source serves the northern half of Indiana and southwest Michigan and is the largest locally controlled financial institution headquartered in the area. While delivering a comprehensive range of consumer and commercial banking services through its community bank offices, 1st Source has distinguished itself with highly personalized services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy-duty trucks, and construction equipment. The Corporation includes 78 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices.
第一资源公司服务于印第安纳州北部和密歇根州西南部,并是该地区最大的本地控制金融机构。通过其社区银行办事处提供全面的消费者和商业银行服务,第一资源公司以高度个性化的服务著称。同时,第一资源银行通过为新旧私人和货运飞机、汽车租赁和租赁机构、中重型卡车和建筑设备提供专门融资服务而在国内竞争。该公司包括78个银行中心、18个第一资源银行专业金融集团的全国分支机构、九个财富咨询服务地点、10个第一资源保险办事处和三个贷款生产办事处。
FORWARD-LOOKING STATEMENTS
前瞻性声明
Except for historical information contained herein, the matters discussed in this document express "forward-looking statements." Generally, the words "believe," "contemplate," "seek," "plan," "possible," "assume," "hope," "expect," "intend," "targeted," "continue," "remain," "estimate," "anticipate," "project," "will," "should," "indicate," "would," "may" and similar expressions indicate forward-looking statements. Those statements, including statements, projections, estimates or assumptions concerning future events or performance, and other statements that are other than statements of historical fact, are subject to material risks and uncertainties. 1st Source cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date made.
除此文中所述的历史信息外,本文讨论的事项表达了“前瞻性陈述”。一般来说,“相信”、“考虑”、“寻求”、“计划”、“可能”、“假设”、“希望”、“预计”、“打算”、“有针对性地”、“持续”、“保持”、“估计”、“预示”、“将”、“应该”、“表明”、“愿意”、“可能”和类似表达方式均表示前瞻性陈述。那些声明、展望、估计或假设涉及未来事件或表现的,以及除了历史事实陈述以外的其他声明,都面临着重大的风险和不确定性。第一资源公司警告读者不要过度依赖任何前瞻性陈述,这些陈述仅在声明的日期发表。
1st Source may make other written or oral forward-looking statements from time to time. Readers are advised that various important factors could cause 1st Source's actual results or circumstances for future periods to differ materially from those anticipated or projected in such forward-looking statements. Such factors, among others, include changes in laws, regulations or accounting principles generally accepted in the United States; 1st Source's competitive position within its markets served; increasing consolidation within the banking industry; unforeseen changes in interest rates; unforeseen downturns in the local, regional or national economies or in the industries in which 1st Source has credit concentrations; and other risks discussed in 1st Source's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, which filings are available from the SEC. 1st Source undertakes no obligation to publicly update or revise any forward-looking statements.
第一资源公司可能会不时地提出其他书面或口头的前瞻性陈述。建议读者注意,各种重要因素可能导致第一资源公司未来期间的实际结果或情况与预期或预测的前瞻性陈述有所不同。这些因素包括美国普遍接受的法律、法规或会计原则的变化;第一资源在其服务市场的竞争地位;银行业内的日益合并;意外的利率变化;本地、地区或国家经济或其信贷集中行业出现的意外下滑;以及其他在第一资源向证券交易委员会提交的备案中讨论的风险,包括其年度报告表10-K,这些备案可从证券交易委员会获得。第一资源不承担公开更新或修订任何前瞻性陈述的义务。
NON-GAAP FINANCIAL MEASURES
非GAAP财务指标
The accounting and reporting policies of 1st Source conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non-GAAP performance measures are used by management to evaluate and measure the Company's performance. Although these non-GAAP financial measures are frequently used by investors to evaluate a financial institution, they have limitations as analytical tools, and should not be considered in isolation, or as a substitute for analyses of results as reported under GAAP. These include taxable-equivalent net interest income (including its individual components), net interest margin (including its individual components), the efficiency ratio, tangible common equity-to-tangible assets ratio and tangible book value per common share. Management believes that these measures provide users of the Company's financial information a more meaningful view of the performance of the interest-earning assets and interest-bearing liabilities and of the Company's operating efficiency. Other financial holding companies may define or calculate these measures differently.
第一资源的会计和报告政策符合美国普遍公认会计原则(“GAAP”)和银行业中的惯例。然而,管理层使用某些非GAAP绩效指标来评估和衡量公司的绩效。尽管这些非GAAP财务指标经常被投资者用于评估金融机构,但它们作为分析工具具有局限性,不应被孤立地考虑,也不应被视为GAAP下报告结果分析的替代品。这些指标包括应税净利息收入(包括其各个组成部分)、净利息净收益率(包括其各个组成部分)、效率比率、有形公共权益对有形资产比率和每普通股有形账面价值。管理层认为这些指标为公司的利息收益资产和利息承担负债以及公司的营运效率的有意义的视角提供了更深入的了解。其他金融控股公司可能会以不同的方式定义或计算这些指标。
Management reviews yields on certain asset categories and the net interest margin of the Company and its banking subsidiaries on a fully taxable-equivalent ("FTE") basis. In this non-GAAP presentation, net interest income is adjusted to reflect tax-exempt interest income on an equivalent before-tax basis. This measure ensures comparability of net interest income arising from both taxable and tax-exempt sources. Net interest income on a FTE basis is also used in the calculation of the Company's efficiency ratio. The efficiency ratio, which is calculated by dividing non-interest expense by total taxable-equivalent net revenue (less securities gains or losses and lease depreciation), measures how much it costs to produce one dollar of revenue. Securities gains or losses and lease depreciation are excluded from this calculation to better match revenue from daily operations to operational expenses. Management considers the tangible common equity-to-tangible assets ratio and tangible book value per common share as useful measurements of the Company's equity.
管理层审查某些资产类别的收益和公司及其银行子公司在完全应税的基础上的净利息收益率("FTE")。在这个非通用会计准则的陈述中,净利息收入被调整以反映税前等效免税利息收入。该措施确保了纳税和免税来源产生的净利息收入的可比性。在完全应税的基础上的净利息收入还用于计算公司的效率比率。效率比率是通过将非利息开支除以总的应税净收益(减去证券收益或损失和租赁折旧)计算的,它衡量了生产一美元收入所需的成本。从这个计算中排除了证券收益或损失和租赁折旧,以更好地使日常营运收入与营运成本相匹配。管理层认为有形公共股权对有形资产比率和每股普通股的有形账面价值是公司的有用衡量指标。
See the table marked "Reconciliation of Non-GAAP Financial Measures" for a reconciliation of certain non-GAAP financial measures used by the Company with their most closely related GAAP measures.
请参阅标有"衡量非通用会计准则的财务衡量标准的调和"的表格,以衡量公司所使用的某些非通用会计准则的最相关的通用会计准则措施。
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Category: Earnings
类别:收益
(charts attached)
(附有图表)
1st SOURCE CORPORATION | ||||||||||||||||||||||
2nd QUARTER 2024 FINANCIAL HIGHLIGHTS | ||||||||||||||||||||||
(Unaudited - Dollars in thousands, except per share data) | ||||||||||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||||||||||
June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||||||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||
AVERAGE BALANCES | ||||||||||||||||||||||
Assets | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | $ | 8,706,575 | $ | 8,342,977 | ||||||||||||
Earning assets | 8,303,518 | 8,182,165 | 7,921,528 | 8,242,841 | 7,893,218 | |||||||||||||||||
Investments | 1,554,362 | 1,608,094 | 1,697,699 | 1,581,228 | 1,732,964 | |||||||||||||||||
Loans and leases | 6,606,209 | 6,504,069 | 6,141,157 | 6,555,139 | 6,088,970 | |||||||||||||||||
Deposits | 7,183,678 | 7,011,105 | 6,939,082 | 7,097,391 | 6,904,237 | |||||||||||||||||
Interest bearing liabilities | 5,922,916 | 5,783,480 | 5,496,112 | 5,853,199 | 5,421,221 | |||||||||||||||||
Common shareholders' equity | 1,027,138 | 1,006,286 | 926,157 | 1,016,712 | 908,325 | |||||||||||||||||
Total equity | 1,098,740 | 1,084,654 | 985,406 | 1,091,697 | 967,742 | |||||||||||||||||
INCOME STATEMENT DATA | ||||||||||||||||||||||
Net interest income | $ | 74,050 | $ | 71,915 | $ | 68,516 | $ | 145,965 | $ | 138,081 | ||||||||||||
Net interest income - FTE(1) | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||||||||||||||
Provision for credit losses | 56 | 6,595 | 47 | 6,651 | 3,096 | |||||||||||||||||
Noninterest income | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||||||||||||||
Noninterest expense | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||||||||||||||
Net income | 36,805 | 29,462 | 32,447 | 66,267 | 63,578 | |||||||||||||||||
Net income available to common shareholders | 36,793 | 29,455 | 32,435 | 66,248 | 63,559 | |||||||||||||||||
PER SHARE DATA | ||||||||||||||||||||||
Basic net income per common share | $ | 1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||||||||||
Diluted net income per common share | 1.49 | 1.19 | 1.30 | 2.68 | 2.55 | |||||||||||||||||
Common cash dividends declared | 0.34 | 0.34 | 0.32 | 0.68 | 0.64 | |||||||||||||||||
Book value per common share(2) | 42.58 | 41.26 | 37.31 | 42.58 | 37.31 | |||||||||||||||||
Tangible book value per common share(1) | 39.16 | 37.83 | 33.92 | 39.16 | 33.92 | |||||||||||||||||
Market value - High | 53.74 | 55.25 | 47.94 | 55.25 | 53.85 | |||||||||||||||||
Market value - Low | 47.30 | 48.32 | 38.77 | 47.30 | 38.77 | |||||||||||||||||
Basic weighted average common shares outstanding | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||||||||||
Diluted weighted average common shares outstanding | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||||||||||
KEY RATIOS | ||||||||||||||||||||||
Return on average assets | 1.69 % | 1.37 % | 1.56 % | 1.53 % | 1.54 % | |||||||||||||||||
Return on average common shareholders' equity | 14.41 | 11.77 | 14.05 | 13.10 | 14.11 | |||||||||||||||||
Average common shareholders' equity to average assets | 11.72 | 11.63 | 11.08 | 11.68 | 10.89 | |||||||||||||||||
End of period tangible common equity to tangible assets(1) | 10.91 | 10.79 | 10.05 | 10.91 | 10.05 | |||||||||||||||||
Risk-based capital - Common Equity Tier 1(3) | 13.74 | 13.48 | 13.59 | 13.74 | 13.59 | |||||||||||||||||
Risk-based capital - Tier 1(3) | 15.38 | 15.15 | 15.20 | 15.38 | 15.20 | |||||||||||||||||
Risk-based capital - Total(3) | 16.64 | 16.41 | 16.46 | 16.64 | 16.46 | |||||||||||||||||
Net interest margin | 3.59 | 3.54 | 3.47 | 3.56 | 3.53 | |||||||||||||||||
Net interest margin - FTE(1) | 3.59 | 3.54 | 3.48 | 3.57 | 3.54 | |||||||||||||||||
Efficiency ratio: expense to revenue | 50.88 | 52.71 | 53.86 | 51.78 | 53.53 | |||||||||||||||||
Efficiency ratio: expense to revenue - adjusted(1) | 50.78 | 52.56 | 53.23 | 51.65 | 53.07 | |||||||||||||||||
Net (recoveries) charge-offs to average loans and leases | (0.12) | 0.38 | (0.06) | 0.13 | (0.04) | |||||||||||||||||
Loan and lease loss allowance to loans and leases | 2.26 | 2.26 | 2.31 | 2.26 | 2.31 | |||||||||||||||||
Nonperforming assets to loans and leases | 0.31 | 0.34 | 0.33 | 0.31 | 0.33 | |||||||||||||||||
June 30, | March 31, | December 31, | September 30, | June 30, | ||||||||||||||||||
2024 | 2024 | 2023 | 2023 | 2023 | ||||||||||||||||||
END OF PERIOD BALANCES | ||||||||||||||||||||||
Assets | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,525,058 | $ | 8,414,818 | ||||||||||||
Loans and leases | 6,652,999 | 6,562,772 | 6,518,505 | 6,353,648 | 6,215,343 | |||||||||||||||||
Deposits | 7,195,924 | 7,055,311 | 7,038,581 | 6,967,492 | 6,976,518 | |||||||||||||||||
Allowance for loan and lease losses | 150,067 | 148,024 | 147,552 | 144,074 | 143,542 | |||||||||||||||||
Goodwill and intangible assets | 83,907 | 83,912 | 83,916 | 83,921 | 83,897 | |||||||||||||||||
Common shareholders' equity | 1,043,515 | 1,009,886 | 989,568 | 924,250 | 921,020 | |||||||||||||||||
Total equity | 1,114,855 | 1,081,549 | 1,068,263 | 982,997 | 980,087 | |||||||||||||||||
ASSET QUALITY | ||||||||||||||||||||||
Loans and leases past due 90 days or more | $ | 185 | $ | 26 | $ | 149 | $ | 154 | $ | 56 | ||||||||||||
Nonaccrual loans and leases | 20,297 | 22,097 | 23,381 | 16,617 | 20,481 | |||||||||||||||||
Other real estate | — | — | 117 | 193 | ||||||||||||||||||
Repossessions | 352 | 308 | 705 | 233 | 47 | |||||||||||||||||
Total nonperforming assets | $ | 20,834 | $ | 22,431 | $ | 24,235 | $ | 17,121 | $ | 20,777 |
第一财源公司 | ||||||||||||||||||||||
2024年第二季度财务亮点 | ||||||||||||||||||||||
(未经审计 - 单位:千美元,每股数据除外) | ||||||||||||||||||||||
三个月之内结束 | 销售额最高的六个月 | |||||||||||||||||||||
2020年6月30日 | 3月31日 | 2020年6月30日 | 2020年6月30日 | 2020年6月30日 | ||||||||||||||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||||||||||||||
平均余额 | ||||||||||||||||||||||
资产 | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | $ | 8,706,575 | $ | 8,342,977 | ||||||||||||
盈利资产 | 8,303,518 | 8,182,165 | 7,921,528 | 8,242,841 | 7,893,218 | |||||||||||||||||
投资 | 1,554,362 | 1,608,094 | 1,697,699 | 1,581,228 | 1,732,964 | |||||||||||||||||
贷款和租赁 | 6,606,209 | 6,504,069 | 6,141,157 | 6,555,139 | 6,088,970 | |||||||||||||||||
存款 | 7,183,678 | 7,011,105 | 6,939,082 | 7,097,391 | 6,904,237 | |||||||||||||||||
利息负债 | 5,922,916 | 5,783,480 | 5,496,112 | 5,853,199 | 5,421,221 | |||||||||||||||||
普通股股东权益 | 1,027,138 | 1,006,286 | 926,157 | 1,016,712 | 908,325 | |||||||||||||||||
股东权益总计 | 1,098,740 | 1,084,654 | 985,406 | 1,091,697 | 967,742 | |||||||||||||||||
利润表数据 | ||||||||||||||||||||||
净利息收入 | $ | 74,050 | $ | 71,915 | $ | 68,516 | $ | 145,965 | $ | 138,081 | ||||||||||||
税前利息净收入-FTE(1) | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||||||||||||||
拨备 | 56 | 6,595 | 47 | 其他 | 3,096 | |||||||||||||||||
非利息收入 | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||||||||||||||
非利息支出 | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||||||||||||||
净收入 | 36,805 | 29,462 | 32,447 | 66,267 | 63,578 | |||||||||||||||||
净利润可供普通股股东 | 36,793 | 29,455 | 32,435 | 66,248 | 63,559 | |||||||||||||||||
每股数据 | ||||||||||||||||||||||
每股基本净利润 | $ | 1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||||||||||
每股稀释净利润 | 1.49 | 1.19 | 1.30 | 2.68 | 2.55 | |||||||||||||||||
宣布普通股股息 | 0.34 | 0.34 | 0.32 | 0.68 | 0.64 | |||||||||||||||||
每股普通股股票账面价值(2) | 42.58 | 41.26 | 37.31 | 42.58 | 37.31 | |||||||||||||||||
每股有形账面价值(1) | 39.16 | 37.83 | 33.92 | 39.16 | 33.92 | |||||||||||||||||
市值-高 | 53.74 | 55.25 | 47.94 | 55.25 | 53.85 | |||||||||||||||||
市值-低 | 47.30 | 48.32 | 38.77 | 47.30 | 38.77 | |||||||||||||||||
基本加权平均每股普通股股数 | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||||||||||
稀释后加权平均每股普通股股数 | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||||||||||
关键比率 | ||||||||||||||||||||||
平均资产回报率 | 1.69% | 1.37% | 1.56% | 1.53% | 1.54% | |||||||||||||||||
平均普通股股东权益回报率 | 14.41 | 11.77 | 14.05 | 13.10 | 14.11 | |||||||||||||||||
平均普通股东权益占平均资产的比例 | 11.72 | 11.63 | 11.08 | 11.68 | 10.89 | |||||||||||||||||
期末有形普通股权益占有形资产的比例(1) | 10.91 | 关于交易文件的第一次修正案,由注册者和Streeterville Capital,LLC之间于2024年6月23日签署(已纳入注册人于2024年6月27日向委员会提交的8-k表格的展示10.1) 。 | 10.05 | 10.91 | 10.05 | |||||||||||||||||
风险资本——普通股一级资本(3) | 13.74 | 13.48 | 13.59 | 13.74 | 13.59 | |||||||||||||||||
风险资本——一级资本(3) | 15.38 | 15.15 | 15.20 | 15.38 | 15.20 | |||||||||||||||||
风险资本——总计(3) | 16.64 | 16.41 | 16.46 | 16.64 | 16.46 | |||||||||||||||||
净利息收益率 | 3.59 | 3.54 | 3.47 | 3.56 | 3.53 | |||||||||||||||||
净利息收益率 - FTE(1) | 3.59 | 3.54 | 3.48 | 3.57 | 3.54 | |||||||||||||||||
费用收入比 | 50.88 | 52.71 | 53.86 | 51.78 | 53.53 | |||||||||||||||||
费用收入比 - 调整(1) | 50.78 | 52.56 | 53.23 | 51.65 | 53.07 | |||||||||||||||||
净(回收)贷款和租赁收到的费用占平均贷款和租赁余额 | (0.12) | 0.38 | (0.06) | 0.13 | (0.04) | |||||||||||||||||
贷款和租赁损失准备金占贷款和租赁额 | 每股可归新投资者的贡献 | 2.26 | 2.31 | 每股可归新投资者的贡献 | 2.31 | |||||||||||||||||
不良资产与贷款和租赁 | 0.31 | 0.34 | 0.33 | 0.31 | 0.33 | |||||||||||||||||
2020年6月30日 | 3月31日 | 12月31日 | 2020年9月30日 | 2020年6月30日 | ||||||||||||||||||
2024 | 2024 | 2023 | 2023 | 2023 | ||||||||||||||||||
期末余额 | ||||||||||||||||||||||
资产 | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,525,058 | $ | 8,414,818 | ||||||||||||
贷款和租赁 | 6,652,999 | 6,562,772 | 6,518,505 | 6,353,648 | 6,215,343 | |||||||||||||||||
存款 | 7,195,924 | 7,055,311 | 7,038,581 | 6,967,492 | 6,976,518 | |||||||||||||||||
贷款和租赁损失拨备 | 150,067 | 148,024 | 147,552 | 144,074 | 143,542 | |||||||||||||||||
商誉和无形资产 | 83,907 | 83,912 | 83,916 | 83,921 | 83,897 | |||||||||||||||||
普通股股东权益 | 1,043,515 | 1,009,886 | 989,568 | 924,250 | 921,020 | |||||||||||||||||
股东权益总计 | 1,114,855 | 1,081,549 | 1,068,263 | 982,997 | 980,087 | |||||||||||||||||
资产质量 | ||||||||||||||||||||||
逾期90天或以上的贷款和租赁 | $ | 185 | $ | 本节讨论了我们的董事总经理的薪酬安排。本讨论包含基于我们关于未来薪酬计划的计划、考虑、期望和决定的前瞻性声明。 我们实际采用的薪酬计划可能与本讨论中总结的当前计划有所不同。 作为《职业机会与初创业公司法》所定义的“新兴增长公司”,我们不必包含《薪酬讨论和分析》部分,并已选择遵守适用于新兴增长公司的缩减披露要求。 | $ | 149 | $ | 154 | $ | 56 | ||||||||||||
不应计贷款和租赁 | 20,297 | 22,097 | 23,381 | 16,617 | 20,481 | |||||||||||||||||
其他房地产业 | — | — | 117 | 193 | ||||||||||||||||||
回收 | 352 | 308 | 705 | 233 | 47 | |||||||||||||||||
总不良资产 | $ | 20,834 | $ | 22,431 | $ | 24,235 | $ | 17,121 | $ | 20,777 |
(1) See "Reconciliation of Non-GAAP Financial Measures" for more information on this performance measure/ratio.
(2) Calculated as common shareholders' equity divided by common shares outstanding at the end of the period.
(3) Calculated under banking regulatory guidelines.
(1)请参阅“非GAAP财务指标协调表”以获取有关该绩效指标/比率的更多信息。
(2)按期末普通股股本除以普通股股份无形权益计算。
(3)根据银行监管指南计算。
1st SOURCE CORPORATION | ||||||||||||
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION | ||||||||||||
(Unaudited - Dollars in thousands) | ||||||||||||
June 30, | March 31, | December 31, | June 30, | |||||||||
2024 | 2024 | 2023 | 2023 | |||||||||
ASSETS | ||||||||||||
Cash and due from banks | $ | 89,592 | $ | 41,533 | $ | 77,474 | $ | 86,742 | ||||
Federal funds sold and interest bearing deposits with other banks | 179,651 | 39,381 | 52,194 | 25,933 | ||||||||
Investment securities available-for-sale, at fair value | 1,523,548 | 1,583,244 | 1,622,600 | 1,661,405 | ||||||||
Other investments | 24,585 | 25,075 | 25,075 | 25,320 | ||||||||
Mortgages held for sale | 2,763 | 2,881 | 1,442 | 2,321 | ||||||||
Loans and leases, net of unearned discount: | ||||||||||||
Commercial and agricultural | 721,235 | 731,527 | 766,223 | 797,188 | ||||||||
Renewable energy | 459,441 | 413,662 | 399,708 | 376,905 | ||||||||
Auto and light truck | 1,009,967 | 997,465 | 966,912 | 901,054 | ||||||||
Medium and heavy duty truck | 315,157 | 303,799 | 311,947 | 319,634 | ||||||||
Aircraft | 1,058,591 | 1,104,058 | 1,078,172 | 1,060,340 | ||||||||
Construction equipment | 1,132,556 | 1,092,585 | 1,084,752 | 1,012,969 | ||||||||
Commercial real estate | 1,164,598 | 1,135,595 | 1,129,861 | 985,323 | ||||||||
Residential real estate and home equity | 654,357 | 643,856 | 637,973 | 617,495 | ||||||||
Consumer | 137,097 | 140,225 | 142,957 | 144,435 | ||||||||
Total loans and leases | 6,652,999 | 6,562,772 | 6,518,505 | 6,215,343 | ||||||||
Allowance for loan and lease losses | (150,067) | (148,024) | (147,552) | (143,542) | ||||||||
Net loans and leases | 6,502,932 | 6,414,748 | 6,370,953 | 6,071,801 | ||||||||
Equipment owned under operating leases, net | 13,886 | 16,691 | 20,366 | 26,582 | ||||||||
Premises and equipment, net | 48,201 | 45,689 | 46,159 | 44,089 | ||||||||
Goodwill and intangible assets | 83,907 | 83,912 | 83,916 | 83,897 | ||||||||
Accrued income and other assets | 408,938 | 414,683 | 427,779 | 386,728 | ||||||||
Total assets | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,414,818 | ||||
LIABILITIES | ||||||||||||
Deposits: | ||||||||||||
Noninterest-bearing demand | $ | 1,578,762 | $ | 1,618,498 | $ | 1,655,728 | $ | 1,721,947 | ||||
Interest-bearing deposits: | ||||||||||||
Interest-bearing demand | 2,543,724 | 2,364,751 | 2,430,833 | 2,528,231 | ||||||||
Savings | 1,255,154 | 1,270,401 | 1,213,334 | 1,163,166 | ||||||||
Time | 1,818,284 | 1,801,661 | 1,738,686 | 1,563,174 | ||||||||
Total interest-bearing deposits | 5,617,162 | 5,436,813 | 5,382,853 | 5,254,571 | ||||||||
Total deposits | 7,195,924 | 7,055,311 | 7,038,581 | 6,976,518 | ||||||||
Short-term borrowings: | ||||||||||||
Federal funds purchased and securities sold under agreements to repurchase | 70,767 | 82,591 | 55,809 | 69,308 | ||||||||
Other short-term borrowings | 217,450 | 166,989 | 256,550 | 118,377 | ||||||||
Total short-term borrowings | 288,217 | 249,580 | 312,359 | 187,685 | ||||||||
Long-term debt and mandatorily redeemable securities | 39,136 | 39,406 | 47,911 | 46,649 | ||||||||
Subordinated notes | 58,764 | 58,764 | 58,764 | 58,764 | ||||||||
Accrued expenses and other liabilities | 181,107 | 183,227 | 202,080 | 165,115 | ||||||||
Total liabilities | 7,763,148 | 7,586,288 | 7,659,695 | 7,434,731 | ||||||||
SHAREHOLDERS' EQUITY | ||||||||||||
Preferred stock; no par value |
— |
— | — | — | ||||||||
Authorized 10,000,000 shares; none issued or outstanding | ||||||||||||
Common stock; no par value |
436,538 | 436,538 | 436,538 | 436,538 | ||||||||
Authorized 40,000,000 shares; issued 28,205,674 shares at June 30, 2024, March 31, 2024, December 31, 2023, and June 30, 2023, respectively |
||||||||||||
Retained earnings | 841,790 | 812,413 | 789,842 | 744,442 | ||||||||
Cost of common stock in treasury (3,698,651, 3,728,016, 3,771,070, and 3,523,113 | (129,248) | (129,790) | (130,489) | (120,410) | ||||||||
shares at June 30, 2024, March 31, 2024, December 31, 2023, and June 30, 2023, respectively) |
||||||||||||
Accumulated other comprehensive loss | (105,565) | (109,275) | (106,323) | (139,550) | ||||||||
Total shareholders' equity | 1,043,515 | 1,009,886 | 989,568 | 921,020 | ||||||||
Noncontrolling interests | 71,340 | 71,663 | 78,695 | 59,067 | ||||||||
Total equity | 1,114,855 | 1,081,549 | 1,068,263 | 980,087 | ||||||||
Total liabilities and equity | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,414,818 |
第一财源公司 | ||||||||||||
财务状况陈述合并报表 | ||||||||||||
(未经审计 - 单位:千美元) | ||||||||||||
2020年6月30日 | 3月31日 | 12月31日 | 2020年6月30日 | |||||||||
2024 | 2024 | 2023 | 2023 | |||||||||
资产 | ||||||||||||
现金及存放中央银行款项 | $ | 89,592 | $ | 41,533 | $ | 77,474 | $ | 86,742 | ||||
联邦基金销售和向其他银行存放的计息存款 | 179,651 | 39,381 | 52,194 | 25,933 | ||||||||
以公允价值计量的可供出售金融资产 | 1,523,548 | 1,583,244 | 1,622,600 | 1,661,405 | ||||||||
其他投资 | 24,585 | 25,075 | 25,075 | 25,320 | ||||||||
可出售的抵押贷款 | 2,763 | 2,881 | 1,442 | 2,321 | ||||||||
贷款和租赁,扣除未赚取贴现: | ||||||||||||
商业和农产品 | 721,235 | 731,527 | 766,223 | 797,188 | ||||||||
可再生能源 | 459,441 | 413,662 | 399,708 | 376,905 | ||||||||
汽车和轻型卡车 | 1,009,967 | 997,465 | 966,912 | 901,054 | ||||||||
中型和重型卡车 | 315,157 | 303,799 | 311,947 | 319,634 | ||||||||
飞机 | 1,058,591 | 1,104,058 | 1,078,172 | 1,060,340 | ||||||||
建造业设备 | 1,132,556 | 1,092,585 | 1,084,752 | 1,012,969 | ||||||||
商业房地产 | 1,164,598 | 1,135,595 | 1,129,861 | 985,323 | ||||||||
住宅房地产和房屋净资产 | 654,357 | 643,856 | 637,973 | 617,495 | ||||||||
消费 | 137,097 | 140,225 | 142,957 | 144,435 | ||||||||
贷款和租赁总额 | 6,652,999 | 6,562,772 | 6,518,505 | 6,215,343 | ||||||||
贷款和租赁损失拨备 | (150,067) | (148,024) | (147,552) | (143,542) | ||||||||
净贷款和租赁 | 6,502,932 | 6,414,748 | 6,370,953 | 6,071,801 | ||||||||
归属于经营租赁权益的设备净值 | 13,886 | 16,691 | 20,366 | 26,582 | ||||||||
资产和设备净值 | 48,201 | 45,689 | 46,159 | 44,089 | ||||||||
商誉和无形资产 | 83,907 | 83,912 | 83,916 | 83,897 | ||||||||
应计利息和其他资产 | 408,938 | 414,683 | 427,779 | 386,728 | ||||||||
总资产 | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,414,818 | ||||
负债 | ||||||||||||
存款: | ||||||||||||
非利息-bearing 需求 | $ | 1,578,762 | $ | 1,618,498 | $ | 1,655,728 | $ | 1,721,947 | ||||
计息存款: | ||||||||||||
活期存款 | 2,543,724 | 2,364,751 | 2,430,833 | 2,528,231 | ||||||||
储蓄存款 | 1,255,154 | 1,270,401 | 1,213,334 | 1,163,166 | ||||||||
时间 | 1,818,284 | 1,801,661 | 1,738,686 | 1,563,174 | ||||||||
利息负债总额 | 5,617,162 | 5,436,813 | 5,382,853 | 5,254,571 | ||||||||
存款总额 | 7,195,924 | 7,055,311 | 7,038,581 | 6,976,518 | ||||||||
短期借款: | ||||||||||||
所有基金类型购买的联邦基金和出售证券的协议 | 70,767 | 82,591 | 55,809 | 69,308 | ||||||||
其他短期借款 | 217,450 | 166,989 | 256,550 | 118,377 | ||||||||
短期借款总额 | 288,217 | 249,580 | 312,359 | 187,685 | ||||||||
开多期债务和必须赎回证券 | 39,136 | 39,406 | 47,911 | 46,649 | ||||||||
次级债券 | 58,764 | 58,764 | 58,764 | 58,764 | ||||||||
应计费用及其他负债 | 181,107 | 183,227 | 202,080 | 165,115 | ||||||||
负债合计 | 7,763,148 | 7,586,288 | 7,659,695 | 7,434,731 | ||||||||
股东权益 | ||||||||||||
优先股;无面值 |
— |
— | — | — | ||||||||
核准10,000,000股;未发行或流通股份 | ||||||||||||
普通股;无面值 |
436,538 | 436,538 | 436,538 | 436,538 | ||||||||
核准40,000,000股;于2024年6月30日、2024年3月31日、2023年12月31日和2023年6月30日分别发行28,205,674股 436,538 |
||||||||||||
保留盈余 | 841,790 | 812,413 | 789,842 | 744,442 | ||||||||
公司收购的普通股成本(分别为3,698,651、3,728,016、3,771,070和3,523,113 | (129,248) | (129,790) | (130,489) | (120,410) | ||||||||
于2024年6月30日、2024年3月31日、2023年12月31日和2023年6月30日出售股票,分别为(105,565)、(109,275)、(106,323)和(139,550)股。 分别为2023年6月30日) |
||||||||||||
其他综合损失累计额 | 于2022年9月30日、2022年6月30日、2022年3月31日和2021年12月31日出售股票,分别为(130,489)、(120,410)、(1,043,515)和(1,009,886)股。 | 于2022年9月30日、2022年6月30日、2022年3月31日和2021年12月31日出售股票,分别为(130,489)、(120,410)、(1,043,515)和(1,009,886)股。 | 于2022年9月30日、2022年6月30日、2022年3月31日和2021年12月31日出售股票,分别为(130,489)、(120,410)、(1,043,515)和(1,009,886)股。 | 于2022年9月30日、2022年6月30日、2022年3月31日和2021年12月31日出售股票,分别为(130,489)、(120,410)、(1,043,515)和(1,009,886)股。 | ||||||||
股东权益合计 | 共出售1,114,855股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售1,081,549股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售1,068,263股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售980,087股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | ||||||||
非控制权益 | 共出售71,340股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售71,663股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售78,695股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售59,067股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | ||||||||
股东权益总计 | 共出售1,114,855股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售1,081,549股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售1,068,263股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | 共出售980,087股于2020年9月30日、2020年6月30日、2020年3月31日和2019年12月31日。 | ||||||||
负债和股东权益总额 | $ | 8,878,003 | $ | 8,667,837 | $ | 8,727,958 | $ | 8,414,818 |
1st SOURCE CORPORATION | ||||||||||||||
CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||
(Unaudited - Dollars in thousands, except per share amounts) | ||||||||||||||
Three Months Ended | Six Months Ended | |||||||||||||
June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||||||
Interest income: | ||||||||||||||
Loans and leases | $ | 113,101 | $ | 109,202 | $ | 93,300 | $ | 222,303 | $ | 179,989 | ||||
Investment securities, taxable | 5,900 | 6,079 | 5,946 | 11,979 | 12,594 | |||||||||
Investment securities, tax-exempt | 254 | 260 | 330 | 514 | 812 | |||||||||
Other | 1,914 | 927 | 978 | 2,841 | 1,615 | |||||||||
Total interest income | 121,169 | 116,468 | 100,554 | 237,637 | 195,010 | |||||||||
Interest expense: | ||||||||||||||
Deposits | 43,095 | 39,744 | 28,870 | 82,839 | 50,133 | |||||||||
Short-term borrowings | 2,158 | 3,102 | 1,625 | 5,260 | 3,018 | |||||||||
Subordinated notes | 1,061 | 1,061 | 1,028 | 2,122 | 2,048 | |||||||||
Long-term debt and mandatorily redeemable securities | 805 | 646 | 515 | 1,451 | 1,730 | |||||||||
Total interest expense | 47,119 | 44,553 | 32,038 | 91,672 | 56,929 | |||||||||
Net interest income | 74,050 | 71,915 | 68,516 | 145,965 | 138,081 | |||||||||
Provision for credit losses | 56 | 6,595 | 47 | 6,651 | 3,096 | |||||||||
Net interest income after provision for credit losses | 73,994 | 65,320 | 68,469 | 139,314 | 134,985 | |||||||||
Noninterest income: | ||||||||||||||
Trust and wealth advisory | 7,081 | 6,287 | 6,467 | 13,368 | 12,146 | |||||||||
Service charges on deposit accounts | 3,203 | 3,070 | 3,118 | 6,273 | 6,121 | |||||||||
Debit card | 4,562 | 4,201 | 4,701 | 8,763 | 9,208 | |||||||||
Mortgage banking | 1,280 | 950 | 926 | 2,230 | 1,728 | |||||||||
Insurance commissions | 1,611 | 1,776 | 1,641 | 3,387 | 3,670 | |||||||||
Equipment rental | 1,257 | 1,671 | 2,326 | 2,928 | 4,829 | |||||||||
Losses on investment securities available-for-sale | — | — | — | — | (44) | |||||||||
Other | 4,227 | 4,201 | 3,590 | 8,428 | 8,434 | |||||||||
Total noninterest income | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||||||
Noninterest expense: | ||||||||||||||
Salaries and employee benefits | 29,238 | 29,572 | 28,236 | 58,810 | 56,833 | |||||||||
Net occupancy | 2,908 | 2,996 | 2,676 | 5,904 | 5,298 | |||||||||
Furniture and equipment | 1,265 | 1,149 | 1,414 | 2,414 | 2,721 | |||||||||
Data processing | 6,712 | 6,500 | 6,268 | 13,212 | 12,425 | |||||||||
Depreciation - leased equipment | 999 | 1,288 | 1,876 | 2,287 | 3,898 | |||||||||
Professional fees | 1,713 | 1,345 | 1,704 | 3,058 | 2,386 | |||||||||
FDIC and other insurance | 1,627 | 1,657 | 1,344 | 3,284 | 2,704 | |||||||||
Business development and marketing | 2,026 | 1,744 | 1,649 | 3,770 | 3,621 | |||||||||
Other | 3,003 | 3,335 | 3,998 | 6,338 | 8,700 | |||||||||
Total noninterest expense | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||||||
Income before income taxes | 47,724 | 37,890 | 42,073 | 85,614 | 82,491 | |||||||||
Income tax expense | 10,919 | 8,428 | 9,626 | 19,347 | 18,913 | |||||||||
Net income | 36,805 | 29,462 | 32,447 | 66,267 | 63,578 | |||||||||
Net (income) loss attributable to noncontrolling interests | (12) | (7) | (12) | (19) | (19) | |||||||||
Net income available to common shareholders | $ | 36,793 | $ | 29,455 | $ | 32,435 | $ | 66,248 | $ | 63,559 | ||||
Per common share: | ||||||||||||||
Basic net income per common share | $ | 1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||
Diluted net income per common share | $ | $ 1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||
Basic weighted average common shares outstanding | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||
Diluted weighted average common shares outstanding | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 |
第一财源公司 | ||||||||||||||
综合利润表 | ||||||||||||||
(未经审查 - 单位为千美元,每股金额除外) | ||||||||||||||
三个月之内结束 | 销售额最高的六个月 | |||||||||||||
2020年6月30日 | 3月31日 | 2020年6月30日 | 2020年6月30日 | 2020年6月30日 | ||||||||||
2024 | 2024 | 2023 | 2024 | 2023 | ||||||||||
利息收入: | ||||||||||||||
贷款和租赁 | $ | 113,101 | $ | 109,202 | $ | 93,300 | $ | 222,303 | $ | 179,989 | ||||
投资证券,应纳税 | 5,900 | 6,079 | 5,946 | 11,979 | 12,594 | |||||||||
投资证券,免税 | 254 | 260 | 330 | 514 | 812 | |||||||||
其他 | 1,914 | 927 | 978 | 2,841 | 1,615 | |||||||||
总利息收入 | 121,169 | 116,468 | 100,554 | 237,637 | 195,010 | |||||||||
利息支出: | ||||||||||||||
存款 | 43,095 | 39,744 | 28,870 | 82,839 | 50,133 | |||||||||
短期借款 | 2,158 | 3,102 | 1,625 | 5,260 | 3,018 | |||||||||
次级债券 | 1,061 | 1,061 | 1,028 | 2,122 | 2,048 | |||||||||
开多期债务和必须赎回证券 | 805 | 646 | 515 | 1451 | 1,730 | |||||||||
总利息支出 | 47,119 | 44,553 | 32,038 | 91,672 | 56,929 | |||||||||
净利息收入 | 74,050 | 71,915 | 68,516 | 145,965 | 138,081 | |||||||||
拨备 | 56 | 6,595 | 47 | 其他 | 3,096 | |||||||||
经计提信贷损失后的净利息收入 | 73,994 | 65,320 | 68,469 | 139,314 | 134,985 | |||||||||
非利息收入: | ||||||||||||||
信托和财富咨询 | 7,081 | 6,287 | 6,467 | 13,368 | 12,146 | |||||||||
存入资金账户的服务费 | 3,203 | 3,070 | 3118 | 6,273 | 6,121 | |||||||||
借记卡 | 4,562 | 4,201 | 4,701 | 8,763 | 9,208 | |||||||||
抵押银行业务 | 1,280 | 950 | 926 | 2,230 | 1,728 | |||||||||
保险业佣金 | 1,611 | 1,776 | 1,641 | 3,387 | 3,670 | |||||||||
设备租赁 | 1,257 | 1,671 | 2,326 | 2,928 | 4,829 | |||||||||
投资证券可供出售导致的损失 | — | — | — | — | (44) | |||||||||
其他 | 4,227 | 4,201 | 3,590 | 8,428 | 8,434 | |||||||||
非利息收入总额 | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||||||
非利息支出: | ||||||||||||||
薪水和员工福利 | 29,238 | 29,572 | 28,236 | 58,810 | 56,833 | |||||||||
净占用成本 | 2,908 | 2,996 | 2,676 | 5,904 | 5,298 | |||||||||
家具和设备 | 1,265 | 1,149 | 1,414 | 2,414 | 2,721 | |||||||||
数据处理 | 6,712 | 6,500 | 6,268 | 13,212 | 12,425 | |||||||||
租赁设备折旧 | 999 | 1,288 | 1,876 | 2,287 | 3,898 | |||||||||
专业费用 | 1,713 | 1,345 | 1,704 | 3,058 | 2,386 | |||||||||
FDIC和其他保险业 | 1,627 | 1,657 | 1,344 | 3,284 | 2,704 | |||||||||
业务拓展与市场营销 | 2,026 | 1,744 | 1,649 | 3,770 | 3,621 | |||||||||
其他 | 3,003 | 3,335 | 3,998 | 6,338 | 8,700 | |||||||||
总非利息支出 | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||||||
税前收入 | 47,724 | 37,890 | 42,073 | 85,614 | 82,491 | |||||||||
所得税费用 | 10,919 | 8,428 | 9,626 | 3. 列4报告的价格是加权平均销售价格。这些股票以 $1,054.42 到 $1,054.44 的价格进行了多次交易。 | 18,913 | |||||||||
净收入 | 36,805 | 29,462 | 32,447 | 66,267 | 63,578 | |||||||||
净利润归属于非控股权益的损失 | (12) | (7) | -12 | (19) | (19) | |||||||||
净利润可供普通股股东 | $ | 36,793 | $ | 29,455 | $ | 32,435 | $ | 66,248 | $ | 63,559 | ||||
每股普通股: | ||||||||||||||
每股基本净利润 | $ | 1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||
每股稀释净利润 | $ | $1.49 | $ | 1.19 | $ | 1.30 | $ | 2.68 | $ | 2.55 | ||||
基本加权平均每股普通股股数 | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 | |||||||||
稀释后加权平均每股普通股股数 | 24,495,495 | 24,459,088 | 24,686,435 | 24,477,292 | 24,686,760 |
1st SOURCE CORPORATION | ||||||||||||||||||
DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||
INTEREST RATES AND INTEREST DIFFERENTIAL | ||||||||||||||||||
(Unaudited - Dollars in thousands) | ||||||||||||||||||
Three Months Ended | ||||||||||||||||||
June 30, 2024 | March 31, 2024 | June 30, 2023 | ||||||||||||||||
Average Balance |
Interest Income/ Expense |
Yield/ Rate |
Average Balance |
Interest Income/ Expense |
Yield/ Rate |
Average Balance |
Interest Income/ Expense |
Yield/ Rate |
||||||||||
ASSETS | ||||||||||||||||||
Investment securities available-for-sale: | ||||||||||||||||||
Taxable | $ | 1,524,751 | $ | 5,900 | 1.56 % | $ | 1,576,579 | $ | 6,079 | 1.55 % | $ | 1,655,790 | $ | 5,946 | 1.44 % | |||
Tax exempt(1) | 29,611 | 319 | 4.33 % | 31,515 | 327 | 4.17 % | 41,909 | 411 | 3.93 % | |||||||||
Mortgages held for sale | 4,179 | 65 | 6.26 % | 1,830 | 34 | 7.47 % | 1,879 | 28 | 5.98 % | |||||||||
Loans and leases, net of unearned discount(1) | 6,606,209 | 113,115 | 6.89 % | 6,504,069 | 109,249 | 6.76 % | 6,141,157 | 93,370 | 6.10 % | |||||||||
Other investments | 138,768 | 1,914 | 5.55 % | 68,172 | 927 | 5.47 % | 80,793 | 978 | 4.86 % | |||||||||
Total earning assets(1) | 8,303,518 | 121,313 | 5.88 % | 8,182,165 | 116,616 | 5.73 % | 7,921,528 | 100,733 | 5.10 % | |||||||||
Cash and due from banks | 60,908 | 61,889 | 72,880 | |||||||||||||||
Allowance for loan and lease losses | (149,688) | (148,982) | (144,337) | |||||||||||||||
Other assets | 546,268 | 557,072 | 512,237 | |||||||||||||||
Total assets | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | ||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||||||||
Interest-bearing deposits | $ | 5,603,880 | $ | 43,095 | 3.09 % | $ | 5,394,854 | $ | 39,744 | 2.96 % | $ | 5,192,206 | $ | 28,870 | 2.23 % | |||
Short-term borrowings: | ||||||||||||||||||
Securities sold under agreements to repurchase | 61,729 | 146 | 0.95 % | 47,973 | 47 | 0.39 % | 69,301 | 32 | 0.19 % | |||||||||
Other short-term borrowings | 159,953 | 2,012 | 5.06 % | 234,672 | 3,055 | 5.24 % | 129,230 | 1,593 | 4.94 % | |||||||||
Subordinated notes | 58,764 | 1,061 | 7.26 % | 58,764 | 1,061 | 7.26 % | 58,764 | 1,028 | 7.02 % | |||||||||
Long-term debt and mandatorily redeemable securities |
38,590 | 805 | 8.39 % | 47,217 | 646 | 5.50 % | 46,611 | 515 | 4.43 % | |||||||||
Total interest-bearing liabilities | 5,922,916 | 47,119 | 3.20 % | 5,783,480 | 44,553 | 3.10 % | 5,496,112 | 32,038 | 2.34 % | |||||||||
Noninterest-bearing deposits | 1,579,798 | 1,616,251 | 1,746,876 | |||||||||||||||
Other liabilities | 159,552 | 167,759 | 133,914 | |||||||||||||||
Shareholders' equity | 1,027,138 | 1,006,286 | 926,157 | |||||||||||||||
Noncontrolling interests | 71,602 | 78,368 | 59,249 | |||||||||||||||
Total liabilities and equity | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | ||||||||||||
Less: Fully tax-equivalent adjustments | (144) | (148) | (179) | |||||||||||||||
Net interest income/margin (GAAP-derived)(1) | $ | 74,050 | 3.59 % | $ | 71,915 | 3.54 % | $ | 68,516 | 3.47 % | |||||||||
Fully tax-equivalent adjustments | 144 | 148 | 179 | |||||||||||||||
Net interest income/margin - FTE(1) | $ | 74,194 | 3.59 % | $ | 72,063 | 3.54 % | $ | 68,695 | 3.48 % | |||||||||
(1) See "Reconciliation of Non-GAAP Financial Measures" for more information on this performance measure/ratio. |
第一财源公司 | ||||||||||||||||||
资产、负债和股东权益的分布 | ||||||||||||||||||
利率期货和利差 | ||||||||||||||||||
(未经审计 - 单位:千美元) | ||||||||||||||||||
三个月之内结束 | ||||||||||||||||||
2024年6月30日 | 酒精饮料销售 $ 32,907 45.5% $ 30,136 42.1% $ 66,223 | 2023年6月30日 | ||||||||||||||||
平均值 平衡 |
利息收入/ 费用 |
收益率/ 利率 |
平均值 平衡 |
利息收入/ 费用 |
收益率/ 利率 |
平均值 平衡 |
利息收入/ 费用 |
收益率/ 利率 |
||||||||||
资产 | ||||||||||||||||||
可供出售的投资证券: | ||||||||||||||||||
应税 | $ | 1,524,751 | $ | 5,900 | 1.56 % | $ | 1,576,579 | $ | 6,079 | 1.55 % | $ | 1,655,790 | $ | 5,946 | 1.44 % | |||
免税(1) | 29,611 | 319 | 4.33% | 31,515 | 327 | 4.17% | 41,909 | 411 | 3.93% | |||||||||
可出售的抵押贷款 | 4,179 | 65 | 6.26% | 1,830 | 34 | 7.47% | 1,879 | 28 | 5.98% | |||||||||
贷款和租赁净额,扣除未赚取贴现(1) | 6,606,209 | 113,115 | 6.89 % | 6,504,069 | 109,249 | 6.76% | 6,141,157 | 93,370 | 6.10% | |||||||||
其他投资 | 138,768 | 1,914 | 5.55 % | 68,172 | 927 | 5.47 % | 80,793 | 978 | 4.86 % | |||||||||
总收益资产(1) | 8,303,518 | 121,313 | 5.88 % | 8,182,165 | 116,616 | 5.73 % | 7,921,528 | 100,733 | 5.10 % | |||||||||
现金及存放中央银行款项 | 60,908 | 61,889 | 72,880 | |||||||||||||||
贷款和租赁损失拨备 | (149,688) | (148,982) | (144,337) | |||||||||||||||
其他 | 546,268 | 557,072 | 512,237 | |||||||||||||||
总资产 | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | ||||||||||||
负债和股东权益 | ||||||||||||||||||
计息存款-存款利息 | $ | 5,603,880 | $ | 43,095 | 3.09% | $ | 5,394,854 | $ | 39,744 | 2.96% | $ | 5,192,206 | $ | 28,870 | 2.23% | |||
短期借款: | ||||||||||||||||||
协议回购出售的证券 | 61,729 | 146 | 0.95% | 47,973 | 47 | 0.39 % | 69,301 | 32 | 0.19% | |||||||||
其他短期借款 | 159,953 | 2,012 | 5.06 % | 234,672 | 当日成交量:3,055 | 5.24 % | 129,230 | 1,593股普通股的购买期权。 | 4.94 % | |||||||||
次级债券 | 58,764 | 1,061 | 7.26 % | 58,764 | 1,061 | 7.26 % | 58,764 | 1,028 | 7.02% | |||||||||
长期债务和强制赎回债务 证券 |
38,590 | 805 | 8.39% | 47,217 | 646 | 5.50 % | 46,611 | 515 | 4.43% | |||||||||
总计计息负债 | 5,922,916 | 47,119 | 3.20% | 5,783,480 | 44,553 | 3.10% | 5,496,112 | 32,038 | 2.34% | |||||||||
非计息存款 | 1,579,798 | 1,616,251 | 1,746,876 | |||||||||||||||
其他负债 | 159,552 | 167,759 | 133,914 | |||||||||||||||
股东权益 | 1,027,138 | 1,006,286 | 926,157 | |||||||||||||||
少数股东权益 | 71,602 | 78,368 | 59249 | |||||||||||||||
负债和股东权益总额 | $ | 8,761,006 | $ | 8,652,144 | $ | 8,362,308 | ||||||||||||
减:完全税收等效调整 | (144) | (148) | (179) | |||||||||||||||
净利息收入/收益率(根据GAAP推导)(1) | $ | 74,050 | 3.59 % | $ | 71,915 | 3.54 % | $ | 68,516 | 3.47 % | |||||||||
完全税收等效调整 | 144 | 148 | 179 | |||||||||||||||
净利息收入/收益率 - FTE(1) | $ | 74,194 | 3.59 % | $ | 72,063 | 3.54 % | $ | 68,695 | 3.48 % | |||||||||
(1)更多关于这个业绩指标/比率的信息,请参见"非GAAP财务指标的调和"。 |
1st SOURCE CORPORATION | ||||||||||||
DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
INTEREST RATES AND INTEREST DIFFERENTIAL | ||||||||||||
(Unaudited - Dollars in thousands) | ||||||||||||
Six Months Ended | ||||||||||||
June 30, 2024 | June 30, 2023 | |||||||||||
Average Balance |
Interest Income/ Expense |
Yield/ Rate |
Average Balance |
Interest Income/ Expense |
Yield/ Rate |
|||||||
ASSETS | ||||||||||||
Investment securities available-for-sale: | ||||||||||||
Taxable | $ | 1,550,665 | $ | 11,979 | 1.55 % | $ | 1,683,330 | $ | $ 12,594 | $ | 1.51 % | |
Tax exempt(1) | 30,563 | 646 | 4.25 % | 49,634 | 1,016 | 4.13 % | ||||||
Mortgages held for sale | 3,004 | 99 | 6.63 % | 2,143 | 60 | 5.65 % | ||||||
Loans and leases, net of unearned discount(1) | 6,555,139 | 222,364 | 6.82 % | 6,088,970 | 180,130 | 5.97 % | ||||||
Other investments | 103,470 | 2,841 | 5.52 % | 69,141 | 1,615 | 4.71 % | ||||||
Total earning assets(1) | 8,242,841 | 237,929 | 5.80 % | 7,893,218 | 195,415 | 4.99 % | ||||||
Cash and due from banks | 61,399 | 72,403 | ||||||||||
Allowance for loan and lease losses | (149,335) | (142,705) | ||||||||||
Other assets | 551,670 | 520,061 | ||||||||||
Total assets | $ | 8,706,575 | $ | 8,342,977 | ||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||||||||
Interest-bearing deposits | 5,499,367 | 82,839 | 3.03 % | 5,090,713 | 50,133 | 1.99 % | ||||||
Short-term borrowings: | ||||||||||||
Securities sold under agreements to repurchase | 54,851 | 193 | 0.71 % | 101,721 | 72 | 0.14 % | ||||||
Other short-term borrowings | 197,313 | 5,067 | 5.16 % | 124,024 | 2,946 | 4.79 % | ||||||
Subordinated notes | 58,764 | 2,122 | 7.26 % | 58,764 | 2,048 | 7.03 % | ||||||
Long-term debt and mandatorily redeemable securities | 42,904 | 1,451 | 6.80 % | 45,999 | 1,730 | 7.58 % | ||||||
Total interest-bearing liabilities | 5,853,199 | 91,672 | 3.15 % | 5,421,221 | 56,929 | 2.12 % | ||||||
Noninterest-bearing deposits | 1,598,024 | 1,813,524 | ||||||||||
Other liabilities | 163,655 | 140,490 | ||||||||||
Shareholders' equity | 1,016,712 | 908,325 | ||||||||||
Noncontrolling interests | 74,985 | 59,417 | ||||||||||
Total liabilities and equity | $ | 8,706,575 | $ | 8,342,977 | ||||||||
Less: Fully tax-equivalent adjustments | (292) | (405) | ||||||||||
Net interest income/margin (GAAP-derived)(1) | $ | 145,965 | 3.56 % | $ | 138,081 | 3.53 % | ||||||
Fully tax-equivalent adjustments | 292 | 405 | ||||||||||
Net interest income/margin - FTE(1) | $ | 146,257 | 3.57 % | $ | 138,486 | 3.54 % | ||||||
(1) See "Reconciliation of Non-GAAP Financial Measures" for more information on this performance measure/ratio. |
第一财源公司 | ||||||||||||
资产、负债和股东权益的分配 | ||||||||||||
利率期货和利差 | ||||||||||||
(未经审计 - 单位:千美元) | ||||||||||||
销售额最高的六个月 | ||||||||||||
2024年6月30日 | 2023年6月30日 | |||||||||||
平均值 平衡 |
利息收入/ 费用 |
收益率/ 利率 |
平均值 平衡 |
利息收入/ 费用 |
收益率/ 利率 |
|||||||
资产 | ||||||||||||
可供出售投资证券: | ||||||||||||
应税 | $ | 1,550,665 | $ | 11,979 | 1.55% | $ | 1,683,330 | $ | $ 12,594 | $ | 1.51% | |
免税(1) | 30,563 | 646 | 4.25% | 49,634 | 1,016 | 4.13% | ||||||
可出售的抵押贷款 | 3,004 | 99 | 6.63% | 2,143 | 60 | 5.65% | ||||||
贷款和租约净额(1) | 6,555,139 | 222,364 | 6.82% | 6,088,970 | 180,130 | 5.97% | ||||||
其他投资 | 103,470 | 2,841 | 5.52% | 69,141 | 1,615 | 4.71% | ||||||
总earning资产(1) | 8,242,841 | 237,929 | 5.80% | 7,893,218 | 195,415 | 4.99% | ||||||
现金及存放中央银行款项 | 61,399 | 72,403 | ||||||||||
贷款和租赁损失拨备 | (149,335) | (142,705) | ||||||||||
其他 | 551,670 | 520,061 | ||||||||||
总资产 | $ | 8,706,575 | $ | 8,342,977 | ||||||||
负债和股东权益 | ||||||||||||
计息存款-存款利息 | 5,499,367 | 82,839 | 3.03% | 5,090,713 | 50,133 | 1.99% | ||||||
短期借款: | ||||||||||||
协议回购出售的证券 | 54,851 | 193 | 0.71% | 101,721 | 72 | 0.14% | ||||||
其他短期借款 | 197,313 | 5,067 | 5.16% | 124,024 | 2,946 | 4.79% | ||||||
次级债券 | 58,764 | 2,122 | 7.26% | 58,764 | 2,048 | 7.03% | ||||||
开多期债务和必须赎回证券 | 42,904 | 1,451 | 6.80% | 45,999 | 1,730 | 7.58% | ||||||
总计计息负债 | 5,853,199 | 91,672 | 3.15% | 5,421,221 | 56,929 | 2.12% | ||||||
非计息存款 | 1,598,024 | 1,813,524 | ||||||||||
其他负债 | 163,655 | 140,490 | ||||||||||
股东权益 | 1,016,712 | 908,325 | ||||||||||
非控制权益 | 74,985 | 59,417 | ||||||||||
负债和股东权益总额 | $ | 8,706,575 | $ | 8,342,977 | ||||||||
减:全税当量调整 | (292) | (405) | ||||||||||
净利息收入/净利差(依照GAAP推导)(1) | $ | 145,965 | 3.56 % | $ | 138,081 | 3.53 % | ||||||
全税当量调整 | 292 | 405 | ||||||||||
净利息收入/净利差 - FTE(1) | $ | 146,257 | 3.57 % | $ | 138,486 | 3.54 % | ||||||
(1)请查看“非GAAP财务衡量标准的协调”以获得有关此绩效指标/比率的更多信息。 |
1st SOURCE CORPORATION | |||||||||||
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES | |||||||||||
(Unaudited - Dollars in thousands, except per share data) | |||||||||||
Three Months Ended | Six Months Ended | ||||||||||
June 30, | March 31, | June 30, | June 30, | June 30, | |||||||
2024 | 2024 | 2023 | 2024 | 2023 | |||||||
Calculation of Net Interest Margin | |||||||||||
(A) | Interest income (GAAP) | $ | 121,169 | $ | 116,468 | $ | 100,554 | $ | 237,637 | $ | 195,010 |
Fully tax-equivalent adjustments: | |||||||||||
(B) | - Loans and leases | 79 | 81 | 98 | 160 | 201 | |||||
(C) | - Tax exempt investment securities | 65 | 67 | 81 | 132 | 204 | |||||
(D) | Interest income - FTE (A+B+C) | 121,313 | 116,616 | 100,733 | 237,929 | 195,415 | |||||
(E) | Interest expense (GAAP) | 47,119 | 44,553 | 32,038 | 91,672 | 56,929 | |||||
(F) | Net interest income (GAAP) (A-E) | 74,050 | 71,915 | 68,516 | 145,965 | 138,081 | |||||
(G) | Net interest income - FTE (D-E) | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||
(H) | Annualization factor | 4.022 | 4.022 | 4.011 | 2.011 | 2.017 | |||||
(I) | Total earning assets | $ | 8,303,518 | $ | 8,182,165 | $ | 7,921,528 | $ | 8,242,841 | $ | 7,893,218 |
Net interest margin (GAAP-derived) (F*H)/I | 3.59 % | 3.54 % | 3.47 % | 3.56 % | 3.53 % | ||||||
Net interest margin - FTE (G*H)/I | 3.59 % | 3.54 % | 3.48 % | 3.57 % | 3.54 % | ||||||
Calculation of Efficiency Ratio | |||||||||||
(F) | Net interest income (GAAP) | $ | 74,050 | $ | 71,915 | $ | 68,516 | $ | 145,965 | $ | 138,081 |
(G) | Net interest income - FTE | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||
(J) | Plus: noninterest income (GAAP) | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||
(K) | Less: gains/losses on investment securities and partnership investments |
(929) | (1,037) | (748) | (1,966) | (2,270) | |||||
(L) | Less: depreciation - leased equipment | (999) | (1,288) | (1,876) | (2,287) | (3,898) | |||||
(M) | Total net revenue (GAAP) (F+J) | 97,271 | 94,071 | 91,285 | 191,342 | 184,173 | |||||
(N) | Total net revenue - adjusted (G+J-K-L) | 95,487 | 91,894 | 88,840 | 187,381 | 178,410 | |||||
(O) | Noninterest expense (GAAP) | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||
(L) | Less:depreciation - leased equipment | (999) | (1,288) | (1,876) | (2,287) | (3,898) | |||||
(P) | Noninterest expense - adjusted (O-L) | 48,492 | 48,298 | 47,289 | 96,790 | 94,688 | |||||
Efficiency ratio (GAAP-derived) (O/M) | 50.88 % | 52.71 % | 53.86 % | 51.78 % | 53.53 % | ||||||
Efficiency ratio - adjusted (P/N) | 50.78 % | 52.56 % | 53.23 % | 51.65 % | 53.07 % | ||||||
End of Period | |||||||||||
June 30, | March 31, | June 30, | |||||||||
2024 | 2024 | 2023 | |||||||||
Calculation of Tangible Common Equity-to-Tangible Assets Ratio | |||||||||||
(Q) | Total common shareholders' equity (GAAP) | $ | 1,043,515 | $ | 1,009,886 | $ | 921,020 | ||||
(R) | Less: goodwill and intangible assets | (83,907) | (83,912) | (83,897) | |||||||
(S) | Total tangible common shareholders' equity (Q-R) | $ | 959,608 | $ | 925,974 | $ | 837,123 | ||||
(T) | Total assets (GAAP) | 8,878,003 | 8,667,837 | 8,414,818 | |||||||
(R) | Less: goodwill and intangible assets | (83,907) | (83,912) | (83,897) | |||||||
(U) | Total tangible assets (T-R) | $ | 8,794,096 | $ | 8,583,925 | $ | 8,330,921 | ||||
Common equity-to-assets ratio (GAAP-derived) (Q/T) | 11.75 % | 11.65 % | 10.95 % | ||||||||
Tangible common equity-to-tangible assets ratio (S/U) | 10.91 % | 10.79 % | 10.05 % | ||||||||
Calculation of Tangible Book Value per Common Share | |||||||||||
(Q) | Total common shareholders' equity (GAAP) | $ | $1,043,515 | $ | 1,009,886 | $ | 921,020 | ||||
(V) | Actual common shares outstanding | 24,507,023 | 24,477,658 | 24,682,561 | |||||||
Book value per common share (GAAP-derived) (Q/V)*1000 | $ | $42.58 | $41.26 | $37.31 | |||||||
Tangible common book value per share (S/V)*1000 | $ | $39.16 | $37.83 | $33.92 |
第一财源公司 | |||||||||||
非GAAP财务指标调和 | |||||||||||
(未经审计 - 单位为千美元,每股数据除外) | |||||||||||
三个月之内结束 | 销售额最高的六个月 | ||||||||||
2020年6月30日 | 3月31日 | 2020年6月30日 | 2020年6月30日 | 2020年6月30日 | |||||||
2024 | 2024 | 2023 | 2024 | 2023 | |||||||
净利息收益率计算 | |||||||||||
(A) | 利息收入(美国公认会计准则) | $ | 121,169 | $ | 116,468 | $ | 100,554 | $ | 237,637 | $ | 195,010 |
全额税收抵免调整: | |||||||||||
(B) | - 贷款和租赁 | 79 | 81 | 98 | 160 | 201 | |||||
(C) | - 免税投资证券 | 65 | 67 | 81 | 132 | 204 | |||||
(D) | 利息收入 - 全额税收抵免调整(A+B+C) | 121,313 | 116,616 | 100,733 | 237,929 | 195,415 | |||||
(E) | 利息支出(美国公认会计准则) | 47,119 | 44,553 | 32,038 | 91,672 | 56,929 | |||||
(F) | 净利息收益(美国公认会计准则)(A-E) | 74,050 | 71,915 | 68,516 | 145,965 | 138,081 | |||||
(G) | 净利息收益率 - 全时当量 (D-E) | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||
(H) | 年化因子 | 4.022 | 4.022 | 4.011 | 2.011 | 2.017 | |||||
(I) | 总资产收益率 | $ | 8,303,518 | $ | 8,182,165 | $ | 7,921,528 | $ | 8,242,841 | $ | 7,893,218 |
净利息收益率 (依照GAAP计算) (F*H)/I | 3.59% | 3.54 % | 3.47% | 3.56% | 3.53% | ||||||
净利息收益率 - FTE (G*H)/I | 3.59% | 3.54 % | 3.48% | 3.57% | 3.54 % | ||||||
效率比率的计算 | |||||||||||
(F) | 净利息收入(GAAP) | $ | 74,050 | $ | 71,915 | $ | 68,516 | $ | 145,965 | $ | 138,081 |
(G) | 净利息收益-全等效税率 | 74,194 | 72,063 | 68,695 | 146,257 | 138,486 | |||||
(J) | 加:非利息收入(按照GAAP) | 23,221 | 22,156 | 22,769 | 45,377 | 46,092 | |||||
(K) | 减少:投资证券和合伙净收益/损失 资产投资 |
(929) | (1,037) | (748) | (1,966) | (2,270) | |||||
(L) | 减少:租赁设备折旧费用 | (999) | (1,288) | (1,876) | (2,287) | (3,898) | |||||
(M) | 总净营业收入(GAAP)(F+J) | 97,271 | 94,071 | 91,285 | 191,342 | 184,173 | |||||
(N) | 总净营业收入-调整后(G+J-k-L) | 95,487 | 91,894 | 88,840 | 187,381 | 178,410 | |||||
(O) | 非利息开支(GAAP) | 49,491 | 49,586 | 49,165 | 99,077 | 98,586 | |||||
(L) | 减少:租赁设备折旧费用 | (999) | (1,288) | (1,876) | (2,287) | (3,898) | |||||
(P) | 非利息支出-调整后(O-L) | 48,492 | 48,298 | 47,289 | 96,790 | 94,688 | |||||
效率比率(按GAAP计算)(O/M) | 50.88% | 52.71% | 53.86% | 51.78% | 53.53% | ||||||
调整后的效率比率(P/N) | 50.78% | 52.56% | 53.23% | 51.65% | 53.07% | ||||||
期末 | |||||||||||
2020年6月30日 | 3月31日 | 2020年6月30日 | |||||||||
2024 | 2024 | 2023 | |||||||||
有形普通股权益占有形资产比率的计算 | |||||||||||
(Q) | 普通股东权益合计(按GAAP计算) | $ | 1,043,515 | $ | 1,009,886 | $ | 921,020 | ||||
(R) | 减:商誉和无形资产 | (83,907) | (83,912) | (83,897) | |||||||
Tonix制药声称,其拥有包含依替硝西泮单一异构体的专有权利,这是一种活性成分,没有对μ-阿片受体的作用。 | 总有形普通股股东权益(Q-R) | $ | 959,608 | $ | 925,974 | $ | 837,123 | ||||
(T) | 总资产(GAAP) | 8,878,003 | 8,667,837 | 8,414,818 | |||||||
(R) | 减:商誉和无形资产 | (83,907) | (83,912) | (83,897) | |||||||
(U) | 总有形资产(t-R) | $ | 8,794,096 | $ | 8,583,925 | $ | 8,330,921 | ||||
普通股权益占资产比率(依据GAAP)(季度/最近十二个月) | 11.75 % | 11.65 % | 10.95 % | ||||||||
有形普通股权益占有形资产比率(已认可/未认可) | 10.91 % | 10.79 % | 10.05 % | ||||||||
每股有形账面价值计算(季度) | |||||||||||
总普通股股东权益(已认可) | $ | $1,043,515 | $ | 1,009,886 | $ | 921,020 | |||||
(V) | 实际普通股股份占比 | 24,507,023 | 24,477,658 | 24,682,561 | |||||||
每股账面价值(依据GAAP)(季度/最近十二个月)*1000 | $ | $42.58 | $41.26 | $37.31 | |||||||
每股有形公共账面价值(S/V)×1000 | $ | $39.16 | $37.83 | $33.92 |
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