1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS
季度亮點
Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net income per common share was $1.19, up $0.04 or 3.48% from the previous quarter and down $0.06 or 4.80% from the prior year's first quarter of $1.25.
Cash dividend of $0.34 per common share was approved, up 6.25% from the cash dividend declared a year ago.
Average loans and leases grew $116.21 million in the first quarter, up 1.82% (7.28% annualized growth) from the previous quarter and $467.87 million, up 7.75% from the first quarter of 2023.
Tax-equivalent net interest income was $72.06 million, up $0.57 million or 0.79% from fourth quarter 2023 and up $2.27 million or 3.26% from the first quarter a year ago. Tax-equivalent net interest margin was 3.54%, up three basis points from the previous quarter and down six basis points from the first quarter a year ago.
Net charge-offs of $6.12 million or 0.38% of average loans and leases occurred during the quarter.
本季度淨收入爲2946萬美元,比上一季度增長103萬美元,增長3.61%,比2023年第一季度下降167萬美元,下降5.36%。攤薄後的每股普通股淨收益爲1.19美元,較上一季度增長0.04美元或3.48%,較去年第一季度的1.25美元下降0.06美元,跌幅4.80%。
每股普通股0.34美元的現金分紅獲得批准,較去年前宣佈的現金分紅增長6.25%。
第一季度平均貸款和租賃增長了1.1621億美元,比上一季度增長了1.82%(年化增長7.28%),4.6787億美元,比2023年第一季度增長7.75%。
等值稅淨利息收入爲7,206萬美元,比2023年第四季度增長57萬美元,增長0.79%,比去年同期第一季度增長227萬美元,增長3.26%。等值稅淨利率爲3.54%,比上一季度上升了三個點子,比去年第一季度下降了六個點子。
本季度淨扣除612萬美元,佔平均貸款和租賃的0.38%。
South Bend, Indiana--(Newsfile Corp. - April 25, 2024) - 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $29.46 million for the first quarter of 2024, up $1.03 million or 3.61% from the previous quarter and down 5.36% from the $31.12 million reported in the first quarter a year ago. Diluted net income per common share for the first quarter of 2024 was $1.19, up $0.04 or 3.48% from the previous quarter and down 4.80%, versus $1.25 in the first quarter of 2023.
印第安納州南本德--(新聞檔案公司,2024年4月25日)——第一來源銀行的母公司第一來源公司(納斯達克股票代碼:SRCE)今天公佈的2024年第一季度季度淨收入爲2946萬美元,比上一季度增長103萬美元,增長3.61%,較去年第一季度公佈的3,112萬美元下降5.36%。2024年第一季度的攤薄後每股普通股淨收益爲1.19美元,較上一季度增長0.04美元,增長3.48%,下降4.80%,低於2023年第一季度的1.25美元。
At its April 2024 meeting, the Board of Directors approved a cash dividend of $0.34 per common share, up 6.25% from the cash dividend declared a year ago. The cash dividend is payable to shareholders of record on May 6, 2024, and will be paid on May 15, 2024.
在2024年4月的會議上,董事會批准了每股普通股0.34美元的現金分紅,較去年同期宣佈的現金分紅增長6.25%。現金股息將於2024年5月6日支付給登記在冊的股東,並將於2024年5月15日支付。
Christopher J. Murphy III, Chairman and Chief Executive Officer, commented, "We are pleased with our increase in revenue and net interest margin expansion compared to the previous quarter. Average loans grew $116.21 million, up 1.82%, while average deposits decreased slightly from the previous quarter. Although our tax-equivalent net interest margin continued to endure competitive deposit rate pressures, we improved our overall margin by three basis points compared to the prior quarter. Additionally, our liquidity and capital positions remained strong during the quarter.
董事長兼首席執行官克里斯托弗·墨菲三世評論說:“與上一季度相比,我們的收入和淨利率的增長令我們感到滿意。平均貸款增長1.1621億美元,增長1.82%,而平均存款較上一季度略有下降。儘管我們的等值稅淨利率繼續承受着具有競爭力的存款利率壓力,但與上一季度相比,我們的總體利潤率提高了三個點子。此外,我們的流動性和資本狀況在本季度保持強勁。
"Credit was challenged in the quarter, with elevated net charge-offs, the majority of which were from two commercial business accounts unrelated to our commercial real estate portfolio. Nonperforming assets to loans and leases at March 31, 2024, was 0.34%, down from 0.37% at December 31, 2023, and the allowance for loan and lease losses as a percentage of total loans and leases remained strong at 2.26%, which was unchanged from 2023 year end.
“本季度信貸受到挑戰,淨扣除額增加,其中大部分來自兩個與我們的商業房地產投資組合無關的商業商業賬戶。截至2024年3月31日,不良資產佔貸款和租賃的比例爲0.34%,低於2023年12月31日的0.37%,貸款和租賃損失備抵佔貸款和租賃總額的百分比仍然強勁,爲2.26%,與2023年年底持平。
"At 1st Source, we value integrity, teamwork, superior quality, outstanding client service, community leadership, delivering true relationship banking and operating with strong capital. We believe these values differentiate us from our competition, and we received confirmation of this belief during the quarter. In March, we were excited to learn that 1st Source was ranked 14th in the country and number 1 in Indiana in Forbes' 15th annual America's Best Banks list. The 200 largest publicly traded banks and thrifts were eligible for the list and the top 100 were ranked according to 10 metrics measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024.
“在1st Source,我們重視誠信、團隊合作、卓越的品質、卓越的客戶服務、社區領導力、提供真正的關係銀行業務和以雄厚的資本運營。我們相信這些價值觀使我們與競爭對手區分開來,這一信念在本季度得到了證實。3月,我們很高興得知在福布斯第15屆年度美國最佳銀行排行榜中,1st Source在全國排名第14位,在印第安納州排名第一。200家最大的上市銀行和舊貨店有資格上榜,前100家是根據衡量2023年日曆年增長、信貸質量和盈利能力以及截至2024年3月18日的12個月中的股票表現的10項指標進行排名的。
"In March, we were also happy to learn that 1st Source was ranked 22nd in S&P Global Market Intelligence's Top 50 Community Banks with $3B to $10B in assets. This is especially powerful because S&P Global Market Intelligence places special consideration on the strength and risk profile of balance sheets in addition to their returns, growth, and funding.
“3月,我們還高興地得知1st Source在標普全球市場情報的50大社區銀行中排名第22位,資產爲30億至100億美元。這尤其強大,因爲標普全球市場情報除了資產負債表的回報、增長和資金外,還特別考慮資產負債表的實力和風險狀況。
"And finally, 1st Source Bank was once again rated 5 stars by BauerFinancial. Ratings are based on performance data from 2023 for U.S. Banks including leverage capital ratios, profitability/loss trends, market versus book value of the investment portfolio, along with many other factors. These rankings are a testament to our team's enduring commitment to making smart financial decisions and working to ensure that 1st Source remains among the nation's most stable banks, so we are able to serve our clients well for the long term," Mr. Murphy concluded.
“最後,第一來源銀行再次被鮑爾金融評爲五星。評級基於美國銀行2023年的業績數據,包括槓桿資本比率、盈利/虧損趨勢、投資組合的市場與賬面價值的對比以及許多其他因素。這些排名證明了我們的團隊長期致力於做出明智的財務決策,並努力確保1st Source保持全美最穩定的銀行行列,因此我們能夠長期爲客戶提供良好的服務,” 墨菲先生總結道。
FIRST QUARTER 2024 FINANCIAL RESULTS
2024 年第一季度財務業績
Loans
貸款
First quarter average loans and leases increased $116.21 million to $6.50 billion, up 1.82% from the previous quarter and increased $467.87 million, up 7.75% from the first quarter a year ago. Average loan growth during the quarter occurred primarily within the Auto and Light Truck, Renewable Energy and Commercial Real Estate portfolios.
第一季度平均貸款和租賃增加了1.1621億美元,至65.0億美元,比上一季度增長1.82%,增加了4.6787億美元,比去年同期增長7.75%。本季度的平均貸款增長主要出現在汽車和輕型卡車、可再生能源和商業房地產投資組合中。
Deposits
存款
Average deposits of $7.01 billion, declined $57.56 million, or 0.81% from the previous quarter, and grew $142.10 million or 2.07% compared to the quarter ended March 31, 2023. Average balances were down slightly from the previous quarter and the overall deposit mix changed as rate competition continued to drive consumers to higher yielding time and money market deposit accounts.
平均存款額爲70.1億美元,較上一季度下降了5,756萬美元,下降了0.81%,與截至2023年3月31日的季度相比增長了1.4210億美元,增長了2.07%。平均餘額比上一季度略有下降,隨着利率競爭繼續推動消費者轉向收益更高的定期和貨幣市場存款賬戶,整體存款組合發生了變化。
End of period deposits were $7.06 billion at March 31, 2024, compared to $7.04 billion at December 31, 2023. While the increase in end of period deposits was minimal, the deposit mix shift we saw during 2023 continued during the quarter as higher brokered, time, and money market deposit balances were offset by decreased noninterest-bearing deposit balances and seasonal decreases in interest bearing public fund deposit balances. Rate competition for deposits persisted during the quarter.
截至2024年3月31日,期末存款爲70.6億美元,而截至2023年12月31日爲70.4億美元。儘管期末存款的增長微乎其微,但我們在2023年看到的存款組合變化在本季度仍在繼續,原因是經紀業務、定期和貨幣市場存款餘額的增加被無息存款餘額的減少和計息公共基金存款餘額的季節性減少所抵消。本季度,存款利率競爭持續不斷。
Net Interest Income and Net Interest Margin
淨利息收入和淨利率
First quarter 2024 tax-equivalent net interest income increased $0.57 million to $72.06 million, up 0.79% from the previous quarter and increased from the first quarter a year ago by $2.27 million, up 3.26%.
2024年第一季度等值稅淨利息收入增加了57萬美元,達到7,206萬美元,比上一季度增長了0.79%,比去年同期第一季度增加了227萬美元,增長了3.26%。
First quarter 2024, net interest margin was 3.54%, an increase of three basis points from the 3.51% in the previous quarter and a decrease of five basis points from the same period in 2023. On a fully tax-equivalent basis, first quarter 2024 net interest margin was 3.54%, up by three basis points compared to the 3.51% in the previous quarter and a decline of six basis points from the same period in 2023. The three basis point increase from the prior quarter was primarily due to higher rates on loan and lease balances and lower rates on short-term borrowings.
2024年第一季度,淨利率爲3.54%,較上一季度的3.51%增加了三個點子,比2023年同期下降了五個點子。按完全等值稅計算,2024年第一季度的淨利率爲3.54%,與上一季度的3.51%相比增長了三個點子,比2023年同期下降了六個點子。與上一季度相比增長了三個點子,主要是由於貸款和租賃餘額利率提高以及短期借款利率降低。
Noninterest Income
非利息收入
First quarter 2024 noninterest income of $22.16 million increased $2.08 million, up 10.36% from the previous quarter and decreased $1.17 million, down 5.00% compared to the first quarter a year ago.
2024年第一季度非利息收入爲2216萬美元,增加了208萬美元,比上一季度增長了10.36%,減少了117萬美元,與去年同期第一季度相比下降了5.00%。
The increase in noninterest income compared to the previous quarter was mainly due to available for sale securities losses of $2.88 million realized in the prior quarter, an increase in trust and wealth advisory income primarily from positive market performance during the quarter, and increased insurance contingent commissions offset by lower partnership investment gains, decreased interest rate swap fees and lower equipment rental income due to a change in customer preferences and continued competitive pricing pressure for new business.
與上一季度相比,非利息收入的增加主要是由於上一季度實現了288萬美元的可供出售證券虧損,信託和財富諮詢收入的增加主要來自該季度的積極市場表現,以及由於客戶偏好變化和新業務持續的競爭定價壓力,合夥投資收益的減少、利率互換費的減少和設備租賃收入的減少,抵消了保險或有佣金的增加。
The decrease in noninterest income for the first quarter of 2024 compared to a year ago was mainly due to a decrease in equipment rental income due to a change in customer preferences and continued competitive pricing pressure for new business, reduced debit card income, and decreased partnership gains. These were offset by an increase in trust and wealth advisory income primarily from positive market performance during the quarter.
與去年同期相比,2024年第一季度的非利息收入下降主要是由於客戶偏好的變化以及新業務持續的競爭性定價壓力、借記卡收入減少以及合作伙伴關係收益減少導致設備租賃收入減少。這些收入被信託和財富諮詢收入的增加所抵消,這主要來自本季度的積極市場表現。
Noninterest Expense
非利息支出
First quarter 2024 noninterest expense of $49.59 million decreased $3.39 million, or 6.39%, from the prior quarter and increased slightly from the first quarter a year ago.
2024年第一季度非利息支出爲4,959萬美元,比上一季度減少339萬美元,下降6.39%,比去年同期第一季度略有增加。
The decrease in noninterest expense from the previous quarter was primarily due to a $1.00 million charitable contribution during the previous quarter, lower legal and professional consulting fees, a reduction in salaries and employee benefits from a decrease in group insurance claims, and lower furniture and equipment expense.
與上一季度相比,非利息支出減少的主要原因是上一季度慈善捐款100萬美元,法律和專業諮詢費用降低,團體保險索賠減少導致工資和員工福利減少,傢俱和設備支出減少。
The slight increase in noninterest expense compared to the first quarter 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 increased incentive compensation offset by lower group insurance claims. Additionally, we saw a rise in legal fees due to a $1.08 million reversal of accrued legal fees during the first quarter of 2023, and higher data processing expenses from technology projects offset by lower leased equipment depreciation and fewer gains on the sale of off-lease equipment.
與2023年第一季度相比,非利息支出略有增加,這是由於正常績效增長導致的工資和工資增加、工資通脹的影響和填補先前空缺職位的員工人數增加,以及激勵性薪酬的增加被團體保險索賠減少所抵消。此外,由於2023年第一季度應計律師費的108萬美元逆轉,以及技術項目數據處理費用的增加被租賃設備折舊的減少和非租賃設備銷售收益的減少所抵消,我們看到了律師費的增加。
Credit
信用
The allowance for loan and lease losses as of March 31, 2024, was 2.26% of total loans and leases compared to 2.26% at December 31, 2023, and 2.33% at March 31, 2023. Net charge-offs of $6.12 million were recorded for the first quarter of 2024 compared with $1.57 million of net recoveries in the prior quarter and net recoveries of $0.19 million in the same quarter a year ago. The majority of the first quarter charge-offs related to the two accounts in the commercial and agricultural portfolio.
截至2024年3月31日,貸款和租賃損失備抵金佔貸款和租賃總額的2.26%,而2023年12月31日爲2.26%,截至2023年3月31日爲2.33%。2024年第一季度的淨扣款爲612萬美元,而上一季度的淨回收額爲157萬美元,去年同期的淨回收額爲19萬美元。第一季度的大部分扣款與商業和農業投資組合中的兩個賬戶有關。
The provision for credit losses was $6.60 million for the first quarter of 2024, an increase of $4.68 million from the previous quarter and an increase of $3.55 million compared with the same period in 2023. Net charge-offs during the quarter compared to net recoveries in the previous quarter were the primary reason for the increase in the provision for credit losses. The ratio of nonperforming assets to loans and leases was 0.34% as of March 31, 2024, compared to 0.37% on December 31, 2023, and 0.30% on March 31, 2023.
2024年第一季度的信貸損失準備金爲660萬美元,比上一季度增加了468萬美元,與2023年同期相比增加了355萬美元。與上一季度的淨回收相比,本季度的淨扣款是信貸損失準備金增加的主要原因。截至2024年3月31日,不良資產與貸款和租賃的比率爲0.34%,而2023年12月31日爲0.37%,2023年3月31日爲0.30%。
Capital
資本
As of March 31, 2024, the common equity-to-assets ratio was 11.65%, compared to 11.34% at December 31, 2023, and 10.91% a year ago. The tangible common equity-to-tangible assets ratio was 10.79% at March 31, 2024, compared to 10.48% at December 31, 2023, and 10.01% a year earlier. The Common Equity Tier 1 ratio, calculated under banking regulatory guidelines was 13.48% at March 31, 2024 compared to 13.22% at December 31, 2023 and 13.51% a year ago.
截至2024年3月31日,普通股資產比率爲11.65%,而2023年12月31日爲11.34%,去年同期爲10.91%。截至2024年3月31日,有形普通股與有形資產的比率爲10.79%,而2023年12月31日爲10.48%,去年同期爲10.01%。根據銀行業監管指南計算,截至2024年3月31日,普通股一級比率爲13.48%,而2023年12月31日爲13.22%,去年同期爲13.51%。
No shares were repurchased for treasury during the first quarter of 2024.
在2024年第一季度,沒有回購任何股票作爲國庫。
ABOUT 1ST SOURCE CORPORATION
關於第一來源公司
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 .
1st Source普通股在納斯達克全球精選市場上市,名爲 “SRCE”,出現在許多日報的全國市場體系表格中,代號爲 “1st Src”。自 1863 年以來,1st Source 一直致力於幫助客戶、個人、企業及其所服務的社區取得成功。欲了解更多信息,請訪問。
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.
1st Source爲印第安納州北半部和密歇根州西南部提供服務,是該地區最大的本地控制金融機構。在通過社區銀行辦公室提供全面的消費和商業銀行服務的同時,1st Source憑藉高度個性化的服務脫穎而出。1st Source Bank還通過爲新舊私人和貨運飛機、租賃和租賃機構汽車、中型和重型卡車以及建築設備提供專業融資服務,在全國範圍內爭奪業務。該公司包括全國78個銀行中心、18個第一來源銀行專業融資集團分支機構、九個財富諮詢服務地點、10個第一來源保險辦事處和三個貸款生產辦事處。
FORWARD-LOOKING STATEMENTS
前瞻性陳述
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.
除此處包含的歷史信息外,本文檔中討論的事項均表示 “前瞻性陳述”。通常,“相信”、“考慮”、“尋求”、“計劃”、“可能”、“假設”、“希望”、“期望”、“打算”、“有針對性”、“繼續”、“保持”、“估計”、“預期”、“項目”、“將”、“應該”、“表明”、“將”、“可能” 等詞表示前瞻性陳述。這些陳述,包括有關未來事件或業績的陳述、預測、估計或假設,以及除歷史事實陳述以外的其他陳述,都存在重大風險和不確定性。1st Source提醒讀者不要過分依賴任何前瞻性陳述,這些陳述僅代表截至發表之日。
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.
第一來源可能會不時發表其他書面或口頭的前瞻性陳述。讀者請注意,各種重要因素可能導致1st Source未來時期的實際業績或情況與此類前瞻性陳述中的預期或預測存在重大差異。這些因素包括美國普遍接受的法律、法規或會計原則的變化;1st Source在其所服務市場中的競爭地位;銀行業內部整合的加強;不可預見的利率變化;地方、地區或國家經濟或1st Source信貸集中的行業出現不可預見的衰退;以及1st Source向美國證券交易委員會提交的文件中討論的其他風險,包括其10-K表年度報告申報可從美國證券交易委員會獲得。1st Source 沒有義務公開更新或修改任何前瞻性陳述。
NON-GAAP FINANCIAL MEASURES
非公認會計准則財務指標
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.
1st Source的會計和報告政策符合美國公認的會計原則(“GAAP”)和銀行業的現行慣例。但是,管理層使用某些非公認會計准則績效指標來評估和衡量公司的業績。儘管投資者經常使用這些非公認會計准則財務指標來評估金融機構,但它們作爲分析工具存在侷限性,不應單獨考慮,也不應替代根據公認會計原則報告的業績分析。其中包括應納稅等值淨利息收入(包括其各個組成部分)、淨利率(包括其各個組成部分)、效率比率、有形普通股與有形資產的比率和普通股每股有形賬面價值。管理層認爲,這些指標使公司財務信息的用戶能夠更有意義地了解賺取利息的資產和計息負債的表現以及公司的運營效率。其他金融控股公司可能會以不同的方式定義或計算這些衡量標準。
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.
管理層在完全應納稅等值(“FTE”)的基礎上審查某些資產類別的收益率和公司及其銀行子公司的淨利率。在本非公認會計准則列報中,對淨利息收入進行了調整,以反映稅前等值基礎上的免稅利息收入。這項措施確保了應納稅和免稅來源產生的淨利息收入的可比性。以全職員工爲基礎的淨利息收入也用於計算公司的效率比。效率比率的計算方法是將非利息支出除以應納稅等值淨收入總額(減去證券收益或虧損和租賃折舊),用於衡量產生一美元收入的成本。該計算中不包括證券收益或損失以及租賃折舊,以更好地匹配日常運營收入與運營支出。管理層認爲,有形普通股權與有形資產的比率和每股普通股的有形賬面價值是衡量公司權益的有用指標。
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.
有關公司使用的某些非公認會計准則財務指標與最密切相關的公認會計准則指標的對賬情況,請參閱標有 “非公認會計准則財務指標對賬” 的表格。
# # #
# #
(charts attached)
(附上圖表)
Category: Earnings
類別:收益
1st SOURCE CORPORATION |
|||||||||||||||
1st QUARTER 2024 FINANCIAL HIGHLIGHTS |
|||||||||||||||
(Unaudited - Dollars in thousands, except per share data) |
|||||||||||||||
Three Months Ended | |||||||||||||||
March 31, | December 31, | March 31, | |||||||||||||
2024 | 2023 | 2023 | |||||||||||||
AVERAGE BALANCES | |||||||||||||||
Assets | $ | 8,652,144 |
$ | 8,553,500 |
$ | 8,323,431 |
|
|
|||||||
Earning assets | 8,182,165 |
8,071,861 |
7,864,595 |
|
|
||||||||||
Investments | 1,608,094 |
1,596,602 |
1,768,621 |
|
|
||||||||||
Loans and leases | 6,504,069 |
6,387,858 |
6,036,203 |
|
|
||||||||||
Deposits | 7,011,105 |
7,068,668 |
6,869,006 |
|
|
||||||||||
Interest bearing liabilities | 5,783,480 |
5,678,546 |
5,345,498 |
|
|
||||||||||
Common shareholders' equity | 1,006,286 |
949,939 |
890,294 |
|
|
||||||||||
Total equity | 1,084,654 |
1,013,114 |
949,879 |
|
|
||||||||||
INCOME STATEMENT DATA | |
|
|
|
|
||||||||||
Net interest income | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|
|
|||||||
Net interest income - FTE(1) | 72,063 |
71,496 |
69,791 |
|
|
||||||||||
Provision for credit losses | 6,595 |
1,911 |
3,049 |
|
|
||||||||||
Noninterest income | 22,156 |
20,076 |
23,323 |
|
|
||||||||||
Noninterest expense | 49,586 |
52,972 |
49,421 |
|
|
||||||||||
Net income | 29,462 |
28,417 |
31,131 |
|
|
||||||||||
Net income available to common shareholders | 29,455 |
28,429 |
31,124 |
|
|
||||||||||
PER SHARE DATA | |
|
|
|
|
||||||||||
Basic net income per common share | $ | 1.19 |
$ | 1.15 |
$ | 1.25 |
|
|
|||||||
Diluted net income per common share | 1.19 |
1.15 |
1.25 |
|
|
||||||||||
Common cash dividends declared | 0.34 |
0.34 |
0.32 |
|
|
||||||||||
Book value per common share(2) | 41.26 |
40.50 |
36.81 |
|
|
||||||||||
Tangible book value per common share(1) | 37.83 |
37.06 |
33.42 |
|
|
||||||||||
Market value - High | 55.25 |
56.59 |
53.85 |
|
|
||||||||||
Market value - Low | 48.32 |
41.30 |
42.50 |
|
|
||||||||||
Basic weighted average common shares outstanding | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
Diluted weighted average common shares outstanding | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
KEY RATIOS | |
|
|
|
|
||||||||||
Return on average assets | 1.37 % |
1.32 % |
1.52 % |
|
|
||||||||||
Return on average common shareholders' equity | 11.77 |
11.87 |
14.18 |
|
|
||||||||||
Average common shareholders' equity to average assets | 11.63 |
11.11 |
10.70 |
|
|
||||||||||
End of period tangible common equity to tangible assets(1) | 10.79 |
10.48 |
10.01 |
|
|
||||||||||
Risk-based capital - Common Equity Tier 1(3) | 13.48 |
13.22 |
13.51 |
|
|
||||||||||
Risk-based capital - Tier 1(3) | 15.15 |
14.99 |
15.15 |
|
|
||||||||||
Risk-based capital - Total(3) | 16.41 |
16.25 |
16.41 |
|
|
||||||||||
Net interest margin | 3.54 |
3.51 |
3.59 |
|
|
||||||||||
Net interest margin - FTE(1) | 3.54 |
3.51 |
3.60 |
|
|
||||||||||
Efficiency ratio: expense to revenue | 52.71 |
57.95 |
53.20 |
|
|
||||||||||
Efficiency ratio: expense to revenue - adjusted(1) | 52.56 |
56.40 |
52.92 |
|
|
||||||||||
Net charge-offs (recoveries) to average loans and leases | 0.38 |
(0.10) | (0.01) | |
|
||||||||||
Loan and lease loss allowance to loans and leases | 2.26 |
2.26 |
2.33 |
|
|
||||||||||
Nonperforming assets to loans and leases | 0.34 |
0.37 |
0.30 |
|
|
||||||||||
|
|
|
|
|
|
||||||||||
March 31, |
December 31, |
September 30, |
June 30, |
March 31, |
|||||||||||
2024 |
2023 |
2023 |
2023 |
2023 | |||||||||||
END OF PERIOD BALANCES | |
|
|
|
|
||||||||||
Assets | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,414,818 |
$ | 8,329,803 |
|||||
Loans and leases | 6,562,772 |
6,518,505 |
6,353,648 |
6,215,343 |
6,116,716 |
||||||||||
Deposits | 7,055,311 |
7,038,581 |
6,967,492 |
6,976,518 |
6,801,464 |
||||||||||
Allowance for loan and lease losses | 148,024 |
147,552 |
144,074 |
143,542 |
142,511 |
||||||||||
Goodwill and intangible assets | 83,912 |
83,916 |
83,921 |
83,897 |
83,901 |
||||||||||
Common shareholders' equity | 1,009,886 |
989,568 |
924,250 |
921,020 |
909,159 |
||||||||||
Total equity | 1,081,549 |
1,068,263 |
982,997 |
980,087 |
968,444 |
||||||||||
ASSET QUALITY | |
|
|
|
|
||||||||||
Loans and leases past due 90 days or more | $ | 26 |
$ | 149 |
$ | 154 |
$ | 56 |
$ | 24 |
|||||
Nonaccrual loans and leases | 22,097 |
23,381 |
16,617 |
20,481 |
18,062 |
||||||||||
Other real estate | - |
- |
117 |
193 |
117 |
||||||||||
Repossessions | 308 |
705 |
233 |
47 |
445 | ||||||||||
Total nonperforming assets | $ | 22,431 |
$ | 24,235 |
$ | 17,121 |
$ | 20,777 |
$ | 18,648 | |||||
(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. |
第一來源公司 |
|||||||||||||||
2024 年第一季度財務摘要 |
|||||||||||||||
(未經審計-千美元,每股數據除外) |
|||||||||||||||
三個月已結束 | |||||||||||||||
3月31日 | 十二月三十一日 | 3月31日 | |||||||||||||
2024 | 2023 | 2023 | |||||||||||||
平均餘額 | |||||||||||||||
資產 | $ | 8,652,144 |
$ | 8,553,500 |
$ | 8,323,431 |
|
|
|||||||
賺錢資產 | 8,182,165 |
8,071,861 |
7,864,595 |
|
|
||||||||||
投資 | 1,608,094 |
1,596,602 |
1,768,621 |
|
|
||||||||||
貸款和租賃 | 6,504,069 |
6,387,858 |
6,036,203 |
|
|
||||||||||
存款 | 7,011,105 |
7,068,668 |
6,869,006 |
|
|
||||||||||
計息負債 | 5,783,480 |
5,678,546 |
5,345,498 |
|
|
||||||||||
普通股股東權益 | 1,006,286 |
949,939 |
890,294 |
|
|
||||||||||
權益總額 | 1,084,654 |
1,013,114 |
949,879 |
|
|
||||||||||
損益表數據 | |
|
|
|
|
||||||||||
淨利息收入 | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|
|
|||||||
淨利息收入-FTE(1) | 72,063 |
71,496 |
69,791 |
|
|
||||||||||
信貸損失準備金 | 6,595 |
1,911 |
3,049 |
|
|
||||||||||
非利息收入 | 22,156 |
20,076 |
23,323 |
|
|
||||||||||
非利息支出 | 49,586 |
52,972 |
49,421 |
|
|
||||||||||
淨收入 | 29,462 |
28,417 |
31,131 |
|
|
||||||||||
普通股股東可獲得的淨收入 | 29,455 |
28,429 |
31,124 |
|
|
||||||||||
每股數據 | |
|
|
|
|
||||||||||
普通股每股基本淨收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 |
|
|
|||||||
攤薄後的每股普通股淨收益 | 1.19 |
1.15 |
1.25 |
|
|
||||||||||
已申報的普通現金分紅 | 0.34 |
0.34 |
0.32 |
|
|
||||||||||
每股普通股賬面價值(2) | 41.26 |
40.50 |
36.81 |
|
|
||||||||||
每股普通股的有形賬面價值(1) | 37.83 |
37.06 |
33.42 |
|
|
||||||||||
市場價值-高 | 55.25 |
56.59 |
53.85 |
|
|
||||||||||
市場價值-低 | 48.32 |
41.30 |
42.50 |
|
|
||||||||||
基本加權平均已發行普通股 | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
攤薄後的加權平均已發行普通股 | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
關鍵比率 | |
|
|
|
|
||||||||||
平均資產回報率 | 1.37% |
1.32% |
1.52% |
|
|
||||||||||
普通股股東權益平均回報率 | 11.77 |
11.87 |
14.18 |
|
|
||||||||||
普通股股東權益與平均資產的平均比例 | 11.63 |
11.11 |
10.70 |
|
|
||||||||||
期末有形普通股轉換爲有形資產(1) | 10.79 |
10.48 |
10.01 |
|
|
||||||||||
風險資本-普通股第一級(3) | 13.48 |
13.22 |
13.51 |
|
|
||||||||||
基於風險的資本-等級 1(3) | 15.15 |
14.99 |
15.15 |
|
|
||||||||||
基於風險的資本-總計(3) | 16.41 |
16.25 |
16.41 |
|
|
||||||||||
淨利率 | 3.54 |
3.51 |
3.59 |
|
|
||||||||||
淨利率-FTE(1) | 3.54 |
3.51 |
3.60 |
|
|
||||||||||
效率比:支出與收入的比率 | 52.71 |
57.95 |
53.20 |
|
|
||||||||||
效率比率:支出與收入的比率——調整後(1) | 52.56 |
56.40 |
52.92 |
|
|
||||||||||
平均貸款和租賃的淨扣除(回收額) | 0.38 |
(0.10) | (0.01) | |
|
||||||||||
貸款和租賃的貸款和租賃損失補貼 | 2.26 |
2.26 |
2.33 |
|
|
||||||||||
不良資產改爲貸款和租賃 | 0.34 |
0.37 |
0.30 |
|
|
||||||||||
|
|
|
|
|
|
||||||||||
3月31日 |
十二月三十一日 |
九月三十日 |
6月30日 |
3月31日 |
|||||||||||
2024 |
2023 |
2023 |
2023 |
2023 | |||||||||||
期末餘額 | |
|
|
|
|
||||||||||
資產 | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,414,818 |
$ | 8,329,803 |
|||||
貸款和租賃 | 6,562,772 |
6,518,505 |
6,353,648 |
6,215,343 |
6,116,716 |
||||||||||
存款 | 7,055,311 |
7,038,581 |
6,967,492 |
6,976,518 |
6,801,464 |
||||||||||
貸款和租賃損失備抵金 | 148,024 |
147,552 |
144,074 |
143,542 |
142,511 |
||||||||||
商譽和無形資產 | 83,912 |
83,916 |
83,921 |
83,897 |
83,901 |
||||||||||
普通股股東權益 | 1,009,886 |
989,568 |
924,250 |
921,020 |
909,159 |
||||||||||
權益總額 | 1,081,549 |
1,068,263 |
982,997 |
980,087 |
968,444 |
||||||||||
資產質量 | |
|
|
|
|
||||||||||
逾期 90 天或更長時間的貸款和租賃 | $ | 26 |
$ | 149 |
$ | 154 |
$ | 56 |
$ | 24 |
|||||
非應計貸款和租賃 | 22,097 |
23,381 |
16,617 |
20,481 |
18,062 |
||||||||||
其他房地產 | - |
- |
117 |
193 |
117 |
||||||||||
收回 | 308 |
705 |
233 |
47 |
445 | ||||||||||
不良資產總額 | $ | 22,431 |
$ | 24,235 |
$ | 17,121 |
$ | 20,777 |
$ | 18,648 | |||||
(1) 有關該績效指標/比率的更多信息,請參閱 “非公認會計准則財務指標對賬”。 (2) 按普通股股東權益除以期末已發行的普通股計算。 (3) 根據銀行業監管準則計算。 |
1st SOURCE CORPORATION |
||||||||||||
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION |
||||||||||||
(Unaudited - Dollars in thousands) |
||||||||||||
March 31, | December 31, | September 30, | March 31, | |||||||||
2024 | 2023 | 2023 | 2023 | |||||||||
ASSETS | ||||||||||||
Cash and due from banks | $ | 41,533 |
$ | 77,474 |
$ | 75,729 |
$ | 66,866 |
||||
Federal funds sold and interest bearing deposits with other banks | 39,381 |
52,194 |
35,406 |
27,171 |
||||||||
Investment securities available-for-sale | 1,583,244 |
1,622,600 |
1,605,242 |
1,713,480 |
||||||||
Other investments | 25,075 |
25,075 |
25,075 |
25,293 |
||||||||
Mortgages held for sale | 2,881 |
1,442 |
3,118 |
2,068 |
||||||||
Loans and leases, net of unearned discount: | |
|
|
|
||||||||
Commercial and agricultural | 731,527 |
766,223 |
763,051 |
795,429 |
||||||||
Renewable energy | 413,662 |
399,708 |
364,949 |
375,330 |
||||||||
Auto and light truck | 997,465 |
966,912 |
901,484 |
875,564 |
||||||||
Medium and heavy duty truck | 303,799 |
311,947 |
323,202 |
326,588 |
||||||||
Aircraft | 1,104,058 |
1,078,172 |
1,079,581 |
1,056,829 |
||||||||
Construction equipment | 1,092,585 |
1,084,752 |
1,062,097 |
991,412 |
||||||||
Commercial real estate | 1,135,595 |
1,129,861 |
1,088,199 |
954,221 |
||||||||
Residential real estate and home equity | 643,856 |
637,973 |
627,515 |
594,618 |
||||||||
Consumer | 140,225 |
142,957 |
143,570 |
146,725 | ||||||||
Total loans and leases | 6,562,772 |
6,518,505 |
6,353,648 |
6,116,716 |
||||||||
Allowance for loan and lease losses | (148,024) | (147,552) | (144,074) | (142,511) | ||||||||
Net loans and leases | 6,414,748 |
6,370,953 |
6,209,574 |
5,974,205 |
||||||||
Equipment owned under operating leases, net | 16,691 |
20,366 |
24,096 |
30,083 |
||||||||
Net premises and equipment | 45,689 |
46,159 |
43,951 |
44,034 |
||||||||
Goodwill and intangible assets | 83,912 |
83,916 |
83,921 |
83,901 |
||||||||
Accrued income and other assets | 414,683 |
427,779 |
418,946 |
362,702 | ||||||||
Total assets | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,329,803 | ||||
LIABILITIES | |
|
|
|
||||||||
Deposits: | |
|
|
|
||||||||
Noninterest-bearing demand | $ | 1,618,498 |
$ | 1,655,728 |
$ | 1,680,725 |
$ | 1,815,123 |
||||
Interest-bearing deposits: | |
|
|
|
||||||||
Interest-bearing demand | 2,364,751 |
2,430,833 |
2,416,864 |
2,403,818 |
||||||||
Savings | 1,270,401 |
1,213,334 |
1,180,837 |
1,171,418 |
||||||||
Time | 1,801,661 |
1,738,686 |
1,689,066 |
1,411,105 | ||||||||
Total interest-bearing deposits | 5,436,813 |
5,382,853 |
5,286,767 |
4,986,341 | ||||||||
Total deposits | 7,055,311 |
7,038,581 |
6,967,492 |
6,801,464 | ||||||||
Short-term borrowings: | |
|
|
|
||||||||
Federal funds purchased and securities sold under agreements to repurchase | 82,591 |
55,809 |
48,335 |
73,396 |
||||||||
Other short-term borrowings | 166,989 |
256,550 |
223,757 |
229,640 | ||||||||
Total short-term borrowings | 249,580 |
312,359 |
272,092 |
303,036 | ||||||||
Long-term debt and mandatorily redeemable securities | 39,406 |
47,911 |
46,533 |
46,714 | ||||||||
Subordinated notes | 58,764 |
58,764 |
58,764 |
58,764 |
||||||||
Accrued expenses and other liabilities | 183,227 |
202,080 |
197,180 |
151,381 | ||||||||
Total liabilities | 7,586,288 |
7,659,695 |
7,542,061 |
7,361,359 | ||||||||
SHAREHOLDERS' EQUITY | |
|
|
|
||||||||
Preferred stock; no par value | ||||||||||||
Authorized 10,000,000 shares; none issued or outstanding | - |
- |
- |
- |
||||||||
Common stock; no par value | ||||||||||||
Authorized 40,000,000 shares; issued 28,205,674 shares at March 31, | ||||||||||||
2024, December 31, 2023, September 30, 2023, and March 31, 2023, respectively | 436,538 |
436,538 |
436,538 |
436,538 |
||||||||
Retained earnings | 812,413 |
789,842 |
769,603 |
719,495 |
||||||||
Cost of common stock in treasury (3,728,016, 3,771,070, 3,776,591, and | ||||||||||||
3,510,122 shares at March 31, 2024, December 31, 2023, September 30, 2023, | ||||||||||||
and March 31, 2023, respectively) | (129,790) | (130,489) | (130,579) | (119,409) | ||||||||
Accumulated other comprehensive loss | (109,275) | (106,323) | (151,312) | (127,465) | ||||||||
Total shareholders' equity | 1,009,886 |
989,568 |
924,250 |
909,159 |
||||||||
Noncontrolling interests | 71,663 |
78,695 |
58,747 |
59,285 | ||||||||
Total equity | 1,081,549 |
1,068,263 |
982,997 |
968,444 | ||||||||
Total liabilities and equity | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,329,803 |
第一來源公司 |
||||||||||||
合併財務狀況表 |
||||||||||||
(未經審計-以千美元計) |
||||||||||||
3月31日 | 十二月三十一日 | 九月三十日 | 3月31日 | |||||||||
2024 | 2023 | 2023 | 2023 | |||||||||
資產 | ||||||||||||
現金和銀行應付款 | $ | 41,533 |
$ | 77,474 |
$ | 75,729 |
$ | 66,866 |
||||
出售的聯邦基金和其他銀行的計息存款 | 39,381 |
52,194 |
35,406 |
27,171 |
||||||||
可供出售的投資證券 | 1,583,244 |
1,622,600 |
1,605,242 |
1,713,480 |
||||||||
其他投資 | 25,075 |
25,075 |
25,075 |
25,293 |
||||||||
待售抵押貸款 | 2,881 |
1,442 |
3,118 |
2,068 |
||||||||
貸款和租賃,扣除未獲得的折扣: | |
|
|
|
||||||||
商業和農業 | 731,527 |
766,223 |
763,051 |
795,429 |
||||||||
可再生能源 | 413,662 |
399,708 |
364,949 |
375,330 |
||||||||
汽車和輕型卡車 | 997,465 |
966,912 |
901,484 |
875,564 |
||||||||
中型和重型卡車 | 303,799 |
311,947 |
323,202 |
326588 |
||||||||
飛機 | 1,104,058 |
1,078,172 |
1,079,581 |
1,056,829 |
||||||||
施工設備 | 1,092,585 |
1,084,752 |
1,062,097 |
991,412 |
||||||||
商業地產 | 1,135,595 |
1,129,861 |
1,088,199 |
954,221 |
||||||||
住宅房地產和房屋淨值 | 643,856 |
637,973 |
627,515 |
594,618 |
||||||||
消費者 | 140,225 |
142,957 |
143,570 |
146,725 | ||||||||
貸款和租賃總額 | 6,562,772 |
6,518,505 |
6,353,648 |
6,116,716 |
||||||||
貸款和租賃損失備抵金 | (148,024) | (147,552) | (144,074) | (142,511) | ||||||||
淨貸款和租賃 | 6,414,748 |
6,370,953 |
6,209,574 |
5,974,205 |
||||||||
經營租賃下擁有的設備,淨額 | 16,691 |
20,366 |
24,096 |
30,083 |
||||||||
淨房舍和設備 | 45,689 |
46,159 |
43,951 |
44,034 |
||||||||
商譽和無形資產 | 83,912 |
83,916 |
83,921 |
83,901 |
||||||||
應計收入和其他資產 | 414,683 |
427,779 |
418,946 |
362,702 | ||||||||
總資產 | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,329,803 | ||||
負債 | |
|
|
|
||||||||
存款: | |
|
|
|
||||||||
非計息需求 | $ | 1,618,498 |
$ | 1,655,728 |
$ | 1,680,725 |
$ | 1,815,123 |
||||
計息存款: | |
|
|
|
||||||||
計息需求 | 2,364,751 |
2,430,833 |
2,416,864 |
2,403,818 |
||||||||
儲蓄 | 1,270,401 |
1,213,334 |
1,180,837 |
1,171,418 |
||||||||
時間 | 1,801,661 |
1,738,686 |
1,689,066 |
1,411,105 | ||||||||
計息存款總額 | 5,436,813 |
5,382,853 |
5,286,767 |
4,986,341 | ||||||||
存款總額 | 7,055,311 |
7,038,581 |
6,967,492 |
6,801,464 | ||||||||
短期借款: | |
|
|
|
||||||||
根據回購協議購買的聯邦基金和出售的證券 | 82,591 |
55,809 |
48,335 |
73,396 |
||||||||
其他短期借款 | 166,989 |
256,550 |
223,757 |
229640 | ||||||||
短期借款總額 | 249,580 |
312,359 |
272,092 |
303,036 | ||||||||
長期債務和強制性可贖回證券 | 39,406 |
47,911 |
46,533 |
46,714 | ||||||||
次級票據 | 58764 |
58764 |
58764 |
58764 |
||||||||
應計費用和其他負債 | 183,227 |
202,080 |
197,180 |
151,381 | ||||||||
負債總額 | 7,586,288 |
7,659,695 |
7,542,061 |
7,361,359 | ||||||||
股東權益 | |
|
|
|
||||||||
優先股;無面值 | ||||||||||||
已授權 10,000,000 股;未發行或流通 | - |
- |
- |
- |
||||||||
普通股;無面值 | ||||||||||||
授權了4000萬股;截至3月31日發行了28,205,674股, | ||||||||||||
分別是 2024 年、2023 年 12 月 31 日、2023 年 9 月 30 日和 2023 年 3 月 31 日 | 436,538 |
436,538 |
436,538 |
436,538 |
||||||||
留存收益 | 812,413 |
789,842 |
769,603 |
719,495 |
||||||||
國庫普通股成本(3,728,016、3,771,070、3,776,591和 | ||||||||||||
截至2024年3月31日、2023年12月31日、2023年9月30日有3,510,122股股票, | ||||||||||||
分別爲 2023 年 3 月 31 日和 2023 年 3 月 31 日 | (129,790) | (130,489) | (130,579) | (119,409) | ||||||||
累計其他綜合虧損 | (109,275) | (106,323) | (151,312) | (127,465) | ||||||||
股東權益總額 | 1,009,886 |
989,568 |
924,250 |
909,159 |
||||||||
非控股權益 | 71,663 |
78,695 |
58,747 |
59,285 | ||||||||
權益總額 | 1,081,549 |
1,068,263 |
982,997 |
968,444 | ||||||||
負債和權益總額 | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,329,803 |
1st SOURCE CORPORATION | |||||||||
CONSOLIDATED STATEMENTS OF INCOME | |||||||||
(Unaudited - Dollars in thousands, except per share amounts) | |||||||||
Three Months Ended | |||||||||
March 31, | December 31, | March 31, | |||||||
2024 | 2023 | 2023 | |
||||||
Interest income: | |||||||||
Loans and leases | $ | 109,202 |
$ | 107,103 |
$ | 86,689 |
|||
Investment securities, taxable | 6,079 |
5,989 |
6,648 |
||||||
Investment securities, tax-exempt | 260 |
314 |
482 |
||||||
Other | 927 |
1,165 |
637 | ||||||
Total interest income | 116,468 |
114,571 |
94,456 | ||||||
Interest expense: | |
|
|
||||||
Deposits | 39,744 |
38,624 |
21,263 |
||||||
Short-term borrowings | 3,102 |
1,878 |
1,393 |
||||||
Subordinated notes | 1,061 |
1,066 |
1,020 |
||||||
Long-term debt and mandatorily redeemable securities | 646 |
1,673 |
1,215 | ||||||
Total interest expense | 44,553 |
43,241 |
24,891 | ||||||
Net interest income | 71,915 |
71,330 |
69,565 |
||||||
Provision for credit losses | 6,595 |
1,911 |
3,049 | ||||||
Net interest income after provision for credit losses | 65,320 |
69,419 |
66,516 | ||||||
Noninterest income: | |
|
|
||||||
Trust and wealth advisory | 6,287 |
5,912 |
5,679 |
||||||
Service charges on deposit accounts | 3,070 |
3,331 |
3,003 |
||||||
Debit card | 4,201 |
4,395 |
4,507 |
||||||
Mortgage banking | 950 |
772 |
802 |
||||||
Insurance commissions | 1,776 |
1,527 |
2,029 |
||||||
Equipment rental | 1,671 |
1,907 |
2,503 |
||||||
Losses on investment securities available-for-sale | - |
(2,882) | (44) | ||||||
Other | 4,201 |
5,114 |
4,844 | ||||||
Total noninterest income | 22,156 |
20,076 |
23,323 | ||||||
Noninterest expense: | |
|
|
||||||
Salaries and employee benefits | 29,572 |
29,913 |
28,597 |
||||||
Net occupancy | 2,996 |
2,925 |
2,622 |
||||||
Furniture and equipment | 1,149 |
1,715 |
1,307 |
||||||
Data processing | 6,500 |
6,341 |
6,157 |
||||||
Depreciation - leased equipment | 1,288 |
1,523 |
2,022 |
||||||
Professional fees | 1,345 |
2,556 |
682 |
||||||
FDIC and other insurance | 1,657 |
1,624 |
1,360 |
||||||
Business development and marketing | 1,744 |
2,335 |
1,972 |
||||||
Other | 3,335 |
4,040 |
4,702 | ||||||
Total noninterest expense | 49,586 |
52,972 |
49,421 | ||||||
Income before income taxes | 37,890 |
36,523 |
40,418 |
||||||
Income tax expense | 8,428 |
8,106 |
9,287 | ||||||
Net income | 29,462 |
28,417 |
31,131 |
||||||
Net (income) loss attributable to noncontrolling interests | (7) | 12 |
(7) | ||||||
Net income available to common shareholders | $ | 29,455 |
$ | 28,429 |
$ | 31,124 | |||
Per common share: | |
|
|
||||||
Basic net income per common share | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
Diluted net income per common share | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
Cash dividends | $ | 0.34 |
$ | 0.34 |
$ | 0.32 | |||
Basic weighted average common shares outstanding | 24,459,088 |
24,430,477 |
24,687,087 | ||||||
Diluted weighted average common shares outstanding | 24,459,088 |
24,430,477 |
24,687,087 |
第一來源公司 | |||||||||
合併收益表 | |||||||||
(未經審計-以千美元計,每股金額除外) | |||||||||
三個月已結束 | |||||||||
3月31日 | 十二月三十一日 | 3月31日 | |||||||
2024 | 2023 | 2023 | |
||||||
利息收入: | |||||||||
貸款和租賃 | $ | 109,202 |
$ | 107,103 |
$ | 86,689 |
|||
投資證券,應納稅 | 6,079 |
5,989 |
6,648 |
||||||
投資證券,免稅 | 260 |
314 |
482 |
||||||
其他 | 927 |
1,165 |
637 | ||||||
利息收入總額 | 116,468 |
114,571 |
94,456 | ||||||
利息支出: | |
|
|
||||||
存款 | 39,744 |
38,624 |
21,263 |
||||||
短期借款 | 3,102 |
1,878 |
1,393 |
||||||
附屬票據 | 1,061 |
1,066 |
1,020 |
||||||
長期債務和強制性可贖回證券 | 646 |
1,673 |
1,215 | ||||||
利息支出總額 | 44,553 |
43,241 |
24,891 | ||||||
淨利息收入 | 71,915 |
71,330 |
69,565 |
||||||
信貸損失準備金 | 6,595 |
1,911 |
3,049 | ||||||
扣除信貸損失準備金後的淨利息收入 | 65,320 |
69,419 |
66,516 | ||||||
非利息收入: | |
|
|
||||||
信託和財富諮詢 | 6,287 |
5,912 |
5,679 |
||||||
存款賬戶的服務費 | 3,070 |
3,331 |
3,003 |
||||||
借記卡 | 4,201 |
4,395 |
4,507 |
||||||
抵押銀行 | 950 |
772 |
802 |
||||||
保險佣金 | 1,776 |
1,527 |
2,029 |
||||||
設備租賃 | 1,671 |
1,907 |
2,503 |
||||||
可供出售的投資證券的虧損 | - |
(2,882) | (44) | ||||||
其他 | 4,201 |
5,114 |
4,844 | ||||||
非利息收入總額 | 22,156 |
20,076 |
23,323 | ||||||
非利息支出: | |
|
|
||||||
工資和員工福利 | 29,572 |
29,913 |
28,597 |
||||||
淨佔用率 | 2,996 |
2,925 |
2,622 |
||||||
傢俱和設備 | 1,149 |
1,715 |
1,307 |
||||||
數據處理 | 6,500 |
6,341 |
6,157 |
||||||
折舊-租賃設備 | 1,288 |
1,523 |
2,022 |
||||||
專業費用 | 1,345 |
2,556 |
682 |
||||||
聯邦存款保險公司和其他保險 | 1,657 |
1,624 |
1,360 |
||||||
業務發展和營銷 | 1,744 |
2,335 |
1,972 |
||||||
其他 | 3,335 |
4,040 |
4,702 | ||||||
非利息支出總額 | 49,586 |
52,972 |
49,421 | ||||||
所得稅前收入 | 37,890 |
36,523 |
40,418 |
||||||
所得稅支出 | 8,428 |
8,106 |
9,287 | ||||||
淨收入 | 29,462 |
28,417 |
31,131 |
||||||
歸屬於非控股權益的淨(收益)虧損 | (7) | 12 |
(7) | ||||||
普通股股東可獲得的淨收益 | $ | 29,455 |
$ | 28,429 |
$ | 31,124 | |||
每股普通股: | |
|
|
||||||
普通股每股基本淨收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
攤薄後的每股普通股淨收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
現金分紅 | $ | 0.34 |
$ | 0.34 |
$ | 0.32 | |||
基本加權平均已發行普通股 | 24,459,088 |
24,430,477 |
24,687,087 | ||||||
攤薄後的加權平均已發行普通股 | 24,459,088 |
24,430,477 |
24,687,087 |
1st SOURCE CORPORATION | |||||||||||||||||||||||||||
DISTRIBUTION OF ASSETS, LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||||||||
INTEREST RATES AND INTEREST DIFFERENTIAL | |||||||||||||||||||||||||||
(Unaudited - Dollars in thousands) | |||||||||||||||||||||||||||
|
Three Months Ended | |
|||||||||||||||||||||||||
March 31, 2024 | December 31, 2023 | March 31, 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 | $ | 1,576,579 |
$ | 6,079 |
1.55 % |
$ | 1,559,351 |
$ | 5,989 |
1.52 % |
$ | 1,711,177 |
$ | 6,648 |
1.58 % |
||||||||||||
Tax exempt(1) | 31,515 |
327 |
4.17 % |
37,251 |
392 |
4.17 % |
57,444 |
605 |
4.27 % |
||||||||||||||||||
Mortgages held for sale | 1,830 |
34 |
7.47 % |
2,010 |
41 |
8.09 % |
2,410 |
32 |
5.38 % |
||||||||||||||||||
Loans and leases, net of unearned discount(1) | 6,504,069 |
109,249 |
6.76 % |
6,387,858 |
107,150 |
6.65 % |
6,036,203 |
86,760 |
5.83 % |
||||||||||||||||||
Other investments | 68,172 |
927 |
5.47 % |
85,391 |
1,165 |
5.41 % |
57,361 |
637 |
4.50 % | ||||||||||||||||||
Total earning assets(1) | 8,182,165 |
116,616 |
5.73 % |
8,071,861 |
114,737 |
5.64 % |
7,864,595 |
94,682 |
4.88 % |
||||||||||||||||||
Cash and due from banks | 61,889 |
|
|
70,352 |
|
|
71,921 |
|
|
||||||||||||||||||
Allowance for loan and lease losses | (148,982) | |
|
(146,076) | |
|
(141,054) | |
|
||||||||||||||||||
Other assets | 557,072 |
|
|
557,363 |
|
|
527,969 |
|
|||||||||||||||||||
Total assets | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|||||||||||||||||||||
Interest-bearing deposits | $ | 5,394,854 |
$ | 39,744 |
2.96 % |
$ | 5,383,925 |
$ | 38,624 |
2.85 % |
$ | 4,988,093 |
$ | 21,263 |
1.73 % |
||||||||||||
Short-term borrowings: | |
|
|
|
|
|
|
|
|
||||||||||||||||||
Securities sold under agreements to repurchase | 47,973 |
47 |
0.39 % |
52,278 |
29 |
0.22 % |
134,501 |
40 |
0.12 % |
||||||||||||||||||
Other short-term borrowings | 234,672 |
3,055 |
5.24 % |
136,814 |
1,849 |
5.36 % |
118,760 |
1,353 |
4.62 % |
||||||||||||||||||
Subordinated notes | 58,764 |
1,061 |
7.26 % |
58,764 |
1,066 |
7.20 % |
58,764 |
1,020 |
7.04 % |
||||||||||||||||||
Long-term debt and mandatorily redeemable securities | 47,217 |
646 |
5.50 % |
46,765 |
1,673 |
14.19 % |
45,380 |
1,215 |
10.86 % | ||||||||||||||||||
Total interest-bearing liabilities | 5,783,480 |
44,553 |
3.10 % |
5,678,546 |
43,241 |
3.02 % |
5,345,498 |
24,891 |
1.89 % |
||||||||||||||||||
Noninterest-bearing deposits | 1,616,251 |
|
|
1,684,743 |
|
|
1,880,913 |
|
|
||||||||||||||||||
Other liabilities | 167,759 |
|
|
177,097 |
|
|
147,141 |
|
|
||||||||||||||||||
Shareholders' equity | 1,006,286 |
|
|
949,939 |
|
|
890,294 |
|
|
||||||||||||||||||
Noncontrolling interests | 78,368 |
|
|
63,175 |
|
|
59,585 |
|
|||||||||||||||||||
Total liabilities and equity | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
Less: Fully tax-equivalent adjustments | |
(148) | |
|
(166) | |
|
(226) | |
||||||||||||||||||
Net interest income/margin (GAAP-derived)(1) | |
$ | 71,915 |
3.54 % |
|
$ | 71,330 |
3.51 % |
|
$ | 69,565 |
3.59 % | |||||||||||||||
Fully tax-equivalent adjustments | |
148 |
|
|
166 |
|
|
226 |
|
||||||||||||||||||
Net interest income/margin - FTE(1) | |
$ | 72,063 |
3.54 % |
|
$ | 71,496 |
3.51 % |
|
$ | 69,791 |
3.60 % | |||||||||||||||
(1) See "Reconciliation of Non-GAAP Financial Measures" for more information on this performance measure/ratio. |
第一來源公司 | |||||||||||||||||||||||||||
資產、負債和股東權益的分配 | |||||||||||||||||||||||||||
利率和利率差異 | |||||||||||||||||||||||||||
(未經審計-以千美元計) | |||||||||||||||||||||||||||
|
三個月已結束 | |
|||||||||||||||||||||||||
2024年3月31日 | 2023年12月31日 | 2023年3月31日 | |||||||||||||||||||||||||
平均值 平衡 |
利息收入/支出 |
收益率/ 費率 |
平均值 平衡 |
利息收入/支出 |
收益率/ 費率 |
平均值 平衡 |
利息收入/支出 |
收益率/ 費率 |
|||||||||||||||||||
資產 | |||||||||||||||||||||||||||
可供出售的投資證券: | |||||||||||||||||||||||||||
應納稅 | $ | 1,576,579 |
$ | 6,079 |
1.55% |
$ | 1,559,351 |
$ | 5,989 |
1.52% |
$ | 1,711,177 |
$ | 6,648 |
1.58% |
||||||||||||
免稅(1) | 31,515 |
327 |
4.17% |
37,251 |
392 |
4.17% |
57,444 |
605 |
4.27% |
||||||||||||||||||
待售抵押貸款 | 1,830 |
34 |
7.47% |
2,010 |
41 |
8.09% |
2410 |
32 |
5.38% |
||||||||||||||||||
貸款和租賃,扣除未獲得的折扣(1) | 6,504,069 |
109,249 |
6.76% |
6,387,858 |
107,150 |
6.65% |
6,036,203 |
86,760 |
5.83% |
||||||||||||||||||
其他投資 | 68,172 |
927 |
5.47% |
85,391 |
1,165 |
5.41% |
57,361 |
637 |
4.50% | ||||||||||||||||||
總收益資產(1) | 8,182,165 |
116,616 |
5.73% |
8,071,861 |
114,737 |
5.64% |
7,864,595 |
94,682 |
4.88% |
||||||||||||||||||
來自銀行的現金和應付款 | 61,889 |
|
|
70,352 |
|
|
71,921 |
|
|
||||||||||||||||||
貸款和租賃損失備抵金 | (148,982) | |
|
(146,076) | |
|
(141,054) | |
|
||||||||||||||||||
其他資產 | 557,072 |
|
|
557,363 |
|
|
527,969 |
|
|||||||||||||||||||
總資產 | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
負債和股東權益 |
|
|
|
|
|
|
|||||||||||||||||||||
計息存款 | $ | 5,394,854 |
$ | 39,744 |
2.96% |
$ | 5,383,925 |
$ | 38,624 |
2.85% |
$ | 4,988,093 |
$ | 21,263 |
1.73% |
||||||||||||
短期借款: | |
|
|
|
|
|
|
|
|
||||||||||||||||||
根據回購協議出售的證券 | 47,973 |
47 |
0.39% |
52,278 |
29 |
0.22% |
134,501 |
40 |
0.12% |
||||||||||||||||||
其他短期借款 | 234,672 |
3,055 |
5.24% |
136,814 |
1,849 |
5.36% |
118,760 |
1,353 |
4.62% |
||||||||||||||||||
附屬票據 | 58764 |
1,061 |
7.26% |
58764 |
1,066 |
7.20% |
58764 |
1,020 |
7.04% |
||||||||||||||||||
長期債務和強制性可贖回證券 | 47,217 |
646 |
5.50% |
46,765 |
1,673 |
14.19% |
45,380 |
1,215 |
10.86% | ||||||||||||||||||
計息負債總額 | 5,783,480 |
44,553 |
3.10% |
5,678,546 |
43,241 |
3.02% |
5,345,498 |
24,891 |
1.89% |
||||||||||||||||||
非計息存款 | 1,616,251 |
|
|
1,684,743 |
|
|
1,880,913 |
|
|
||||||||||||||||||
其他負債 | 167,759 |
|
|
177,097 |
|
|
147,141 |
|
|
||||||||||||||||||
股東權益 | 1,006,286 |
|
|
949,939 |
|
|
890,294 |
|
|
||||||||||||||||||
非控制性權益 | 78,368 |
|
|
63,175 |
|
|
59,585 |
|
|||||||||||||||||||
負債和權益總額 | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
減去:完全等值稅的調整 | |
(148) | |
|
(166) | |
|
(226) | |
||||||||||||||||||
淨利息收入/利潤(按公認會計准則計算)(1) | |
$ | 71,915 |
3.54% |
|
$ | 71,330 |
3.51% |
|
$ | 69,565 |
3.59% | |||||||||||||||
完全等值稅的調整 | |
148 |
|
|
166 |
|
|
226 |
|
||||||||||||||||||
淨利息收入/利潤率-FTE(1) | |
$ | 72,063 |
3.54% |
|
$ | 71,496 |
3.51% |
|
$ | 69,791 |
3.60% | |||||||||||||||
(1) 有關該績效指標/比率的更多信息,請參閱 “非公認會計准則財務指標對賬”。 |
1st SOURCE CORPORATION | ||||||||||
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES | ||||||||||
(Unaudited - Dollars in thousands, except per share data) | ||||||||||
|
||||||||||
Three Months Ended | ||||||||||
March 31, | December 31, | March 31, | ||||||||
2024 | 2023 | 2023 | ||||||||
Calculation of Net Interest Margin | ||||||||||
(A) | Interest income (GAAP) | $ | 116,468 |
$ | 114,571 |
$ | 94,456 |
|||
Fully tax-equivalent adjustments: | |
|
|
|||||||
(B) | - Loans and leases | 81 |
88 |
103 |
||||||
(C) | - Tax exempt investment securities | 67 |
78 |
123 | ||||||
(D) | Interest income - FTE (A+B+C) | 116,616 |
114,737 |
94,682 |
||||||
(E) | Interest expense (GAAP) | 44,553 |
43,241 |
24,891 |
||||||
(F) | Net interest income (GAAP) (A-E) | 71,915 |
71,330 |
69,565 | ||||||
(G) | Net interest income - FTE (D-E) | 72,063 |
71,496 |
69,791 | ||||||
(H) | Annualization factor | 4.022 |
3.967 |
4.056 |
||||||
(I) | Total earning assets | $ | 8,182,165 |
$ | 8,071,861 |
$ | 7,864,595 |
|||
Net interest margin (GAAP-derived) (F*H)/I | 3.54 % |
3.51 % |
3.59 % |
|||||||
Net interest margin - FTE (G*H)/I | 3.54 % |
3.51 % |
3.60 % |
|||||||
|
|
|
|
|||||||
Calculation of Efficiency Ratio | |
|
|
|||||||
(F) | Net interest income (GAAP) | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|||
(G) | Net interest income - FTE | 72,063 |
71,496 |
69,791 |
||||||
(J) | Plus: noninterest income (GAAP) | 22,156 |
20,076 |
23,323 |
||||||
(K) | Less: gains/losses on investment securities and partnership investments | (1,037) | 1,173 |
(1,522) | ||||||
(L) | Less: depreciation - leased equipment | (1,288) | (1,523) | (2,022) | ||||||
(M) | Total net revenue (GAAP) (F+J) | 94,071 |
91,406 |
92,888 | ||||||
(N) | Total net revenue - adjusted (G+J-K-L) | 91,894 |
91,222 |
89,570 | ||||||
(O) | Noninterest expense (GAAP) | 49,586 |
52,972 |
49,421 |
||||||
(L) | Less:depreciation - leased equipment | (1,288) | (1,523) | (2,022) | ||||||
(P) | Noninterest expense - adjusted (O-L) | 48,298 |
51,449 |
47,399 |
||||||
Efficiency ratio (GAAP-derived) (O/M) | 52.71 % |
57.95 % |
53.20 % |
|||||||
Efficiency ratio - adjusted (P/N) | 52.56 % |
56.40 % |
52.92 % |
|||||||
|
|
|
||||||||
End of Period | ||||||||||
March 31, | December 31, | March 31, | ||||||||
|
2024 | 2023 | 2023 | |||||||
Calculation of Tangible Common Equity-to-Tangible Assets Ratio | |
|
||||||||
(Q) | Total common shareholders' equity (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(R) | Less: goodwill and intangible assets | (83,912) | (83,916) | (83,901) | ||||||
(S) | Total tangible common shareholders' equity (Q-R) | $ | 925,974 |
$ | 905,652 |
$ | 825,258 | |||
(T) | Total assets (GAAP) | 8,667,837 |
8,727,958 |
8,329,803 |
||||||
(R) | Less: goodwill and intangible assets | (83,912) | (83,916) | (83,901) | ||||||
(U) | Total tangible assets (T-R) | $ | 8,583,925 |
$ | 8,644,042 |
$ | 8,245,902 | |||
Common equity-to-assets ratio (GAAP-derived) (Q/T) | 11.65 % |
11.34 % |
10.91 % |
|||||||
Tangible common equity-to-tangible assets ratio (S/U) | 10.79 % |
10.48 % |
10.01 % |
|||||||
|
|
|
|
|||||||
|
|
|
|
|||||||
Calculation of Tangible Book Value per Common Share | |
|
|
|||||||
(Q) | Total common shareholders' equity (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(V) | Actual common shares outstanding | 24,477,658 |
24,434,604 |
24,695,552 | ||||||
Book value per common share (GAAP-derived) (Q/V)*1000 | $ | 41.26 |
$ | 40.50 |
$ | 36.81 |
||||
Tangible common book value per share (S/V)*1000 | $ | 37.83 |
$ | 37.06 |
$ | 33.42 |
第一來源公司 | ||||||||||
非公認會計准則財務指標的對賬 | ||||||||||
(未經審計-千美元,每股數據除外) | ||||||||||
|
||||||||||
三個月已結束 | ||||||||||
3月31日 | 十二月三十一日 | 3月31日 | ||||||||
2024 | 2023 | 2023 | ||||||||
淨利率的計算 | ||||||||||
(A) | 利息收入(GAAP) | $ | 116,468 |
$ | 114,571 |
$ | 94,456 |
|||
完全等值稅的調整: | |
|
|
|||||||
(B) | -貸款和租賃 | 81 |
88 |
103 |
||||||
(C) | -免稅投資證券 | 67 |
78 |
123 | ||||||
(D) | 利息收入-全職員工(A+B+C) | 116,616 |
114,737 |
94,682 |
||||||
(E) | 利息支出 (GAAP) | 44,553 |
43,241 |
24,891 |
||||||
(F) | 淨利息收入 (GAAP) (A-E) | 71,915 |
71,330 |
69,565 | ||||||
(G) | 淨利息收入——全職員工(D-E) | 72,063 |
71,496 |
69,791 | ||||||
(H) | 年化係數 | 4.022 |
3.967 |
4.056 |
||||||
(I) | 總收益資產 | $ | 8,182,165 |
$ | 8,071,861 |
$ | 7,864,595 |
|||
淨利率(根據公認會計准則得出)(F*H)/I | 3.54% |
3.51% |
3.59% |
|||||||
淨利率-FTE (G*H) /I | 3.54% |
3.51% |
3.60% |
|||||||
|
|
|
|
|||||||
效率比的計算 | |
|
|
|||||||
(F) | 淨利息收入(GAAP) | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|||
(G) | 淨利息收入-FTE | 72,063 |
71,496 |
69,791 |
||||||
(J) | 另外:非利息收入 (GAAP) | 22,156 |
20,076 |
23,323 |
||||||
(K) | 減去:投資證券和合夥投資的收益/損失 | (1,037) | 1,173 |
(1,522) | ||||||
(L) | 減去:折舊-租賃設備 | (1,288) | (1,523) | (2,022) | ||||||
(M) | 總淨收入 (GAAP) (F+J) | 94,071 |
91,406 |
92,888 | ||||||
(N) | 淨收入總額——調整後 (G+J-K-L) | 91,894 |
91,222 |
89,570 | ||||||
(O) | 非利息支出 (GAAP) | 49,586 |
52,972 |
49,421 |
||||||
(L) | 減去:折舊-租賃設備 | (1,288) | (1,523) | (2,022) | ||||||
(P) | 非利息支出——調整後 (O-L) | 48,298 |
51,449 |
47,399 |
||||||
效率比(GAAP 衍生的)(O/M) | 52.71% |
57.95% |
53.20% |
|||||||
效率比-調整後(P/N) | 52.56% |
56.40% |
52.92% |
|||||||
|
|
|
||||||||
期末 | ||||||||||
3月31日 | 十二月三十一日 | 3月31日 | ||||||||
|
2024 | 2023 | 2023 | |||||||
有形普通股權與有形資產比率的計算 | |
|
||||||||
(Q) | 普通股股東權益總額 (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(R) | 減去:商譽和無形資產 | (83,912) | (83,916) | (83,901) | ||||||
(S) | 有形普通股股東權益總額 (Q-R) | $ | 925,974 |
$ | 905,652 |
$ | 825,258 | |||
(T) | 總資產(GAAP) | 8,667,837 |
8,727,958 |
8,329,803 |
||||||
(R) | 減去:商譽和無形資產 | (83,912) | (83,916) | (83,901) | ||||||
(U) | 有形資產總額 (T-R) | $ | 8,583,925 |
$ | 8,644,042 |
$ | 8,245,902 | |||
普通股權與資產比率(根據公認會計准則得出)(Q/T) | 11.65% |
11.34% |
10.91% |
|||||||
有形普通股與有形資產的比率 (S/U) | 10.79% |
10.48% |
10.01% |
|||||||
|
|
|
|
|||||||
|
|
|
|
|||||||
每股普通股有形賬面價值的計算 | |
|
|
|||||||
(Q) | 普通股股東權益總額 (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(V) | 實際已發行普通股 | 24,477,658 |
24,434,604 |
24,695,552 | ||||||
每股普通股賬面價值(GAAP衍生的)(Q/V)*1000 | $ | 41.26 |
$ | 40.50 |
$ | 36.81 |
||||
每股有形普通賬面價值 (S/V) *1000 | $ | 37.83 |
$ | 37.06 |
$ | 33.42 |
The NASDAQ Stock Market National Market Symbol: "SRCE" (CUSIP #336901 10 3)
Please contact us at shareholder@1stsource.com.
納斯達克股票市場全國市場代碼:“SRCE” (CUSIP #336901 10 3)
請通過 shareholder@1stsource.com 聯繫我們。
Contact:
Brett Bauer
574-235-2000
聯繫人:
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574-235-2000