1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS
季度亮点
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.
本季度净收入为2946万美元,比上一季度增长103万美元,增长3.61%,比2023年第一季度下降167万美元,下降5.36%。摊薄后的每股普通股净收益为1.19美元,较上一季度增长0.04美元或3.48%,较去年第一季度的1.25美元下降0.06美元,跌幅4.80%。
每股普通股0.34美元的现金分红获得批准,较去年前宣布的现金分红增长6.25%。
第一季度平均贷款和租赁增长了1.1621亿美元,比上一季度增长了1.82%(年化增长7.28%),4.6787亿美元,比2023年第一季度增长7.75%。
等值税净利息收入为7,206万美元,比2023年第四季度增长57万美元,增长0.79%,比去年同期第一季度增长227万美元,增长3.26%。等值税净利率为3.54%,比上一季度上升了三个基点,比去年第一季度下降了六个基点。
本季度净扣除612万美元,占平均贷款和租赁的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.
印第安纳州南本德--(新闻档案公司,2024年4月25日)——第一来源银行的母公司第一来源公司(纳斯达克股票代码:SRCE)今天公布的2024年第一季度季度净收入为2946万美元,比上一季度增长103万美元,增长3.61%,较去年第一季度公布的3,112万美元下降5.36%。2024年第一季度的摊薄后每股普通股净收益为1.19美元,较上一季度增长0.04美元,增长3.48%,下降4.80%,低于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月的会议上,董事会批准了每股普通股0.34美元的现金分红,较去年同期宣布的现金分红增长6.25%。现金股息将于2024年5月6日支付给登记在册的股东,并将于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.
董事长兼首席执行官克里斯托弗·墨菲三世评论说:“与上一季度相比,我们的收入和净利率的增长令我们感到满意。平均贷款增长1.1621亿美元,增长1.82%,而平均存款较上一季度略有下降。尽管我们的等值税净利率继续承受着具有竞争力的存款利率压力,但与上一季度相比,我们的总体利润率提高了三个基点。此外,我们的流动性和资本状况在本季度保持强劲。
"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.
“本季度信贷受到挑战,净扣除额增加,其中大部分来自两个与我们的商业房地产投资组合无关的商业商业账户。截至2024年3月31日,不良资产占贷款和租赁的比例为0.34%,低于2023年12月31日的0.37%,贷款和租赁损失备抵占贷款和租赁总额的百分比仍然强劲,为2.26%,与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,我们重视诚信、团队合作、卓越的品质、卓越的客户服务、社区领导力、提供真正的关系银行业务和以雄厚的资本运营。我们相信这些价值观使我们与竞争对手区分开来,这一信念在本季度得到了证实。3月,我们很高兴得知在福布斯第15届年度美国最佳银行排行榜中,1st Source在全国排名第14位,在印第安纳州排名第一。200家最大的上市银行和旧货店有资格上榜,前100家是根据衡量2023年日历年增长、信贷质量和盈利能力以及截至2024年3月18日的12个月中的股票表现的10项指标进行排名的。
"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,我们还高兴地得知1st Source在标普全球市场情报的50大社区银行中排名第22位,资产为30亿至100亿美元。这尤其强大,因为标普全球市场情报除了资产负债表的回报、增长和资金外,还特别考虑资产负债表的实力和风险状况。
"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.
“最后,第一来源银行再次被鲍尔金融评为五星。评级基于美国银行2023年的业绩数据,包括杠杆资本比率、盈利/亏损趋势、投资组合的市场与账面价值的对比以及许多其他因素。这些排名证明了我们的团队长期致力于做出明智的财务决策,并努力确保1st Source保持全美最稳定的银行行列,因此我们能够长期为客户提供良好的服务,” 墨菲先生总结道。
FIRST QUARTER 2024 FINANCIAL RESULTS
2024 年第一季度财务业绩
Loans
贷款
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.
第一季度平均贷款和租赁增加了1.1621亿美元,至65.0亿美元,比上一季度增长1.82%,增加了4.6787亿美元,比去年同期增长7.75%。本季度的平均贷款增长主要出现在汽车和轻型卡车、可再生能源和商业房地产投资组合中。
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.
平均存款额为70.1亿美元,较上一季度下降了5,756万美元,下降了0.81%,与截至2023年3月31日的季度相比增长了1.4210亿美元,增长了2.07%。平均余额比上一季度略有下降,随着利率竞争继续推动消费者转向收益更高的定期和货币市场存款账户,整体存款组合发生了变化。
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,期末存款为70.6亿美元,而截至2023年12月31日为70.4亿美元。尽管期末存款的增长微乎其微,但我们在2023年看到的存款组合变化在本季度仍在继续,原因是经纪业务、定期和货币市场存款余额的增加被无息存款余额的减少和计息公共基金存款余额的季节性减少所抵消。本季度,存款利率竞争持续不断。
Net Interest Income and Net Interest Margin
净利息收入和净利率
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年第一季度等值税净利息收入增加了57万美元,达到7,206万美元,比上一季度增长了0.79%,比去年同期第一季度增加了227万美元,增长了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,净利率为3.54%,较上一季度的3.51%增加了三个基点,比2023年同期下降了五个基点。按完全等值税计算,2024年第一季度的净利率为3.54%,与上一季度的3.51%相比增长了三个基点,比2023年同期下降了六个基点。与上一季度相比增长了三个基点,主要是由于贷款和租赁余额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为2216万美元,增加了208万美元,比上一季度增长了10.36%,减少了117万美元,与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.
与上一季度相比,非利息收入的增加主要是由于上一季度实现了288万美元的可供出售证券亏损,信托和财富咨询收入的增加主要来自该季度的积极市场表现,以及由于客户偏好变化和新业务持续的竞争定价压力,合伙投资收益的减少、利率互换费的减少和设备租赁收入的减少,抵消了保险或有佣金的增加。
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.
与去年同期相比,2024年第一季度的非利息收入下降主要是由于客户偏好的变化以及新业务持续的竞争性定价压力、借记卡收入减少以及合作伙伴关系收益减少导致设备租赁收入减少。这些收入被信托和财富咨询收入的增加所抵消,这主要来自本季度的积极市场表现。
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为4,959万美元,比上一季度减少339万美元,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.
与上一季度相比,非利息支出减少的主要原因是上一季度慈善捐款100万美元,法律和专业咨询费用降低,团体保险索赔减少导致工资和员工福利减少,家具和设备支出减少。
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.
与2023年第一季度相比,非利息支出略有增加,这是由于正常绩效增长导致的工资和工资增加、工资通胀的影响和填补先前空缺职位的员工人数增加,以及激励性薪酬的增加被团体保险索赔减少所抵消。此外,由于2023年第一季度应计律师费的108万美元逆转,以及技术项目数据处理费用的增加被租赁设备折旧的减少和非租赁设备销售收益的减少所抵消,我们看到了律师费的增加。
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,贷款和租赁损失备抵金占贷款和租赁总额的2.26%,而2023年12月31日为2.26%,截至2023年3月31日为2.33%。2024年第一季度的净扣款为612万美元,而上一季度的净回收额为157万美元,去年同期的净回收额为19万美元。第一季度的大部分扣款与商业和农业投资组合中的两个账户有关。
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年第一季度的信贷损失准备金为660万美元,比上一季度增加了468万美元,与2023年同期相比增加了355万美元。与上一季度的净回收相比,本季度的净扣款是信贷损失准备金增加的主要原因。截至2024年3月31日,不良资产与贷款和租赁的比率为0.34%,而2023年12月31日为0.37%,2023年3月31日为0.30%。
Capital
资本
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,普通股资产比率为11.65%,而2023年12月31日为11.34%,去年同期为10.91%。截至2024年3月31日,有形普通股与有形资产的比率为10.79%,而2023年12月31日为10.48%,去年同期为10.01%。根据银行业监管指南计算,截至2024年3月31日,普通股一级比率为13.48%,而2023年12月31日为13.22%,去年同期为13.51%。
No shares were repurchased for treasury during the first quarter of 2024.
在2024年第一季度,没有回购任何股票作为国库。
ABOUT 1ST SOURCE CORPORATION
关于第一来源公司
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普通股在纳斯达克全球精选市场上市,名为 “SRCE”,出现在许多日报的全国市场体系表格中,代号为 “1st Src”。自 1863 年以来,1st Source 一直致力于帮助客户、个人、企业及其所服务的社区取得成功。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.
1st Source为印第安纳州北半部和密歇根州西南部提供服务,是该地区最大的本地控制金融机构。在通过社区银行办公室提供全面的消费和商业银行服务的同时,1st Source凭借高度个性化的服务脱颖而出。1st Source Bank还通过为新旧私人和货运飞机、租赁和租赁机构汽车、中型和重型卡车以及建筑设备提供专业融资服务,在全国范围内争夺业务。该公司包括全国78个银行中心、18个第一来源银行专业融资集团分支机构、九个财富咨询服务地点、10个第一来源保险办事处和三个贷款生产办事处。
FORWARD-LOOKING STATEMENTS
前瞻性陈述
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.
除此处包含的历史信息外,本文档中讨论的事项均表示 “前瞻性陈述”。通常,“相信”、“考虑”、“寻求”、“计划”、“可能”、“假设”、“希望”、“期望”、“打算”、“有针对性”、“继续”、“保持”、“估计”、“预期”、“项目”、“将”、“应该”、“表明”、“将”、“可能” 等词表示前瞻性陈述。这些陈述,包括有关未来事件或业绩的陈述、预测、估计或假设,以及除历史事实陈述以外的其他陈述,都存在重大风险和不确定性。1st Source提醒读者不要过分依赖任何前瞻性陈述,这些陈述仅代表截至发表之日。
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.
第一来源可能会不时发表其他书面或口头的前瞻性陈述。读者请注意,各种重要因素可能导致1st Source未来时期的实际业绩或情况与此类前瞻性陈述中的预期或预测存在重大差异。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;1st Source在其所服务市场中的竞争地位;银行业内部整合的加强;不可预见的利率变化;地方、地区或国家经济或1st Source信贷集中的行业出现不可预见的衰退;以及1st Source向美国证券交易委员会提交的文件中讨论的其他风险,包括其10-K表年度报告申报可从美国证券交易委员会获得。1st Source 没有义务公开更新或修改任何前瞻性陈述。
NON-GAAP FINANCIAL MEASURES
非公认会计准则财务指标
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.
1st Source的会计和报告政策符合美国公认的会计原则(“GAAP”)和银行业的现行惯例。但是,管理层使用某些非公认会计准则绩效指标来评估和衡量公司的业绩。尽管投资者经常使用这些非公认会计准则财务指标来评估金融机构,但它们作为分析工具存在局限性,不应单独考虑,也不应替代根据公认会计原则报告的业绩分析。其中包括应纳税等值净利息收入(包括其各个组成部分)、净利率(包括其各个组成部分)、效率比率、有形普通股与有形资产的比率和普通股每股有形账面价值。管理层认为,这些指标使公司财务信息的用户能够更有意义地了解赚取利息的资产和计息负债的表现以及公司的运营效率。其他金融控股公司可能会以不同的方式定义或计算这些衡量标准。
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.
管理层在完全应纳税等值(“FTE”)的基础上审查某些资产类别的收益率和公司及其银行子公司的净利率。在本非公认会计准则列报中,对净利息收入进行了调整,以反映税前等值基础上的免税利息收入。这项措施确保了应纳税和免税来源产生的净利息收入的可比性。以全职员工为基础的净利息收入也用于计算公司的效率比。效率比率的计算方法是将非利息支出除以应纳税等值净收入总额(减去证券收益或亏损和租赁折旧),用于衡量产生一美元收入的成本。该计算中不包括证券收益或损失以及租赁折旧,以更好地匹配日常运营收入与运营支出。管理层认为,有形普通股权与有形资产的比率和每股普通股的有形账面价值是衡量公司权益的有用指标。
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.
有关公司使用的某些非公认会计准则财务指标与最密切相关的公认会计准则指标的对账情况,请参阅标有 “非公认会计准则财务指标对账” 的表格。
# # #
# #
(charts attached)
(附上图表)
Category: Earnings
类别: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. |
第一来源公司 |
|||||||||||||||
2024 年第一季度财务摘要 |
|||||||||||||||
(未经审计-千美元,每股数据除外) |
|||||||||||||||
三个月已结束 | |||||||||||||||
3月31日 | 十二月三十一日 | 3月31日 | |||||||||||||
2024 | 2023 | 2023 | |||||||||||||
平均余额 | |||||||||||||||
资产 | $ | 8,652,144 |
$ | 8,553,500 |
$ | 8,323,431 |
|
|
|||||||
赚钱资产 | 8,182,165 |
8,071,861 |
7,864,595 |
|
|
||||||||||
投资 | 1,608,094 |
1,596,602 |
1,768,621 |
|
|
||||||||||
贷款和租赁 | 6,504,069 |
6,387,858 |
6,036,203 |
|
|
||||||||||
存款 | 7,011,105 |
7,068,668 |
6,869,006 |
|
|
||||||||||
计息负债 | 5,783,480 |
5,678,546 |
5,345498 |
|
|
||||||||||
普通股股东权益 | 1,006,286 |
949,939 |
890,294 |
|
|
||||||||||
权益总额 | 1,084,654 |
1,013,114 |
949,879 |
|
|
||||||||||
损益表数据 | |
|
|
|
|
||||||||||
净利息收入 | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|
|
|||||||
净利息收入-FTE(1) | 72,063 |
71,496 |
69,791 |
|
|
||||||||||
信贷损失准备金 | 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 |
|
|
||||||||||
净收入 | 29,462 |
28,417 |
31,131 |
|
|
||||||||||
普通股股东可获得的净收入 | 29,455 |
28,429 |
31,124 |
|
|
||||||||||
每股数据 | |
|
|
|
|
||||||||||
普通股每股基本净收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 |
|
|
|||||||
摊薄后的每股普通股净收益 | 1.19 |
1.15 |
1.25 |
|
|
||||||||||
已申报的普通现金分红 | 0.34 |
0.34 |
0.32 |
|
|
||||||||||
每股普通股账面价值(2) | 41.26 |
40.50 |
36.81 |
|
|
||||||||||
每股普通股的有形账面价值(1) | 37.83 |
37.06 |
33.42 |
|
|
||||||||||
市场价值-高 | 55.25 |
56.59 |
53.85 |
|
|
||||||||||
市场价值-低 | 48.32 |
41.30 |
42.50 |
|
|
||||||||||
基本加权平均已发行普通股 | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
摊薄后的加权平均已发行普通股 | 24,459,088 |
24,430,477 |
24,687,087 |
|
|
||||||||||
关键比率 | |
|
|
|
|
||||||||||
平均资产回报率 | 1.37% |
1.32% |
1.52% |
|
|
||||||||||
普通股股东权益平均回报率 | 11.77 |
11.87 |
14.18 |
|
|
||||||||||
普通股股东权益与平均资产的平均比例 | 11.63 |
11.11 |
10.70 |
|
|
||||||||||
期末有形普通股转换为有形资产(1) | 10.79 |
10.48 |
10.01 |
|
|
||||||||||
风险资本-普通股第一级(3) | 13.48 |
13.22 |
13.51 |
|
|
||||||||||
基于风险的资本-等级 1(3) | 15.15 |
14.99 |
15.15 |
|
|
||||||||||
基于风险的资本-总计(3) | 16.41 |
16.25 |
16.41 |
|
|
||||||||||
净利率 | 3.54 |
3.51 |
3.59 |
|
|
||||||||||
净利率-FTE(1) | 3.54 |
3.51 |
3.60 |
|
|
||||||||||
效率比:支出与收入的比率 | 52.71 |
57.95 |
53.20 |
|
|
||||||||||
效率比率:支出与收入的比率——调整后(1) | 52.56 |
56.40 |
52.92 |
|
|
||||||||||
平均贷款和租赁的净扣除(回收额) | 0.38 |
(0.10) | (0.01) | |
|
||||||||||
贷款和租赁的贷款和租赁损失补贴 | 2.26 |
2.26 |
2.33 |
|
|
||||||||||
不良资产改为贷款和租赁 | 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 | |||||||||||
期末余额 | |
|
|
|
|
||||||||||
资产 | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,414,818 |
$ | 8,329,803 |
|||||
贷款和租赁 | 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 |
||||||||||
贷款和租赁损失备抵金 | 148,024 |
147,552 |
144,074 |
143,542 |
142,511 |
||||||||||
商誉和无形资产 | 83,912 |
83,916 |
83,921 |
83,897 |
83,901 |
||||||||||
普通股股东权益 | 1,009,886 |
989,568 |
924,250 |
921,020 |
909,159 |
||||||||||
权益总额 | 1,081,549 |
1,068,263 |
982,997 |
980,087 |
968,444 |
||||||||||
资产质量 | |
|
|
|
|
||||||||||
逾期 90 天或更长时间的贷款和租赁 | $ | 26 |
$ | 149 |
$ | 154 |
$ | 56 |
$ | 24 |
|||||
非应计贷款和租赁 | 22,097 |
23,381 |
16,617 |
20,481 |
18,062 |
||||||||||
其他房地产 | - |
- |
117 |
193 |
117 |
||||||||||
收回 | 308 |
705 |
233 |
47 |
445 | ||||||||||
不良资产总额 | $ | 22,431 |
$ | 24,235 |
$ | 17,121 |
$ | 20,777 |
$ | 18,648 | |||||
(1) 有关该绩效指标/比率的更多信息,请参阅 “非公认会计准则财务指标对账”。 (2) 按普通股股东权益除以期末已发行的普通股计算。 (3) 根据银行业监管准则计算。 |
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 |
第一来源公司 |
||||||||||||
合并财务状况表 |
||||||||||||
(未经审计-以千美元计) |
||||||||||||
3月31日 | 十二月三十一日 | 九月三十日 | 3月31日 | |||||||||
2024 | 2023 | 2023 | 2023 | |||||||||
资产 | ||||||||||||
现金和银行应付款 | $ | 41,533 |
$ | 77,474 |
$ | 75,729 |
$ | 66,866 |
||||
出售的联邦基金和其他银行的计息存款 | 39,381 |
52,194 |
35,406 |
27,171 |
||||||||
可供出售的投资证券 | 1,583,244 |
1,622,600 |
1,605,242 |
1,713,480 |
||||||||
其他投资 | 25,075 |
25,075 |
25,075 |
25,293 |
||||||||
待售抵押贷款 | 2,881 |
1,442 |
3,118 |
2,068 |
||||||||
贷款和租赁,扣除未获得的折扣: | |
|
|
|
||||||||
商业和农业 | 731,527 |
766,223 |
763,051 |
795,429 |
||||||||
可再生能源 | 413,662 |
399,708 |
364,949 |
375,330 |
||||||||
汽车和轻型卡车 | 997,465 |
966,912 |
901,484 |
875,564 |
||||||||
中型和重型卡车 | 303,799 |
311,947 |
323,202 |
326588 |
||||||||
飞机 | 1,104,058 |
1,078,172 |
1,079,581 |
1,056,829 |
||||||||
施工设备 | 1,092,585 |
1,084,752 |
1,062,097 |
991,412 |
||||||||
商业地产 | 1,135,595 |
1,129,861 |
1,088,199 |
954,221 |
||||||||
住宅房地产和房屋净值 | 643,856 |
637,973 |
627,515 |
594,618 |
||||||||
消费者 | 140,225 |
142,957 |
143,570 |
146,725 | ||||||||
贷款和租赁总额 | 6,562,772 |
6,518,505 |
6,353,648 |
6,116,716 |
||||||||
贷款和租赁损失备抵金 | (148,024) | (147,552) | (144,074) | (142,511) | ||||||||
净贷款和租赁 | 6,414,748 |
6,370,953 |
6,209,574 |
5,974,205 |
||||||||
经营租赁下拥有的设备,净额 | 16,691 |
20,366 |
24,096 |
30,083 |
||||||||
净房舍和设备 | 45,689 |
46,159 |
43,951 |
44,034 |
||||||||
商誉和无形资产 | 83,912 |
83,916 |
83,921 |
83,901 |
||||||||
应计收入和其他资产 | 414,683 |
427,779 |
418,946 |
362,702 | ||||||||
总资产 | $ | 8,667,837 |
$ | 8,727,958 |
$ | 8,525,058 |
$ | 8,329,803 | ||||
负债 | |
|
|
|
||||||||
存款: | |
|
|
|
||||||||
非计息需求 | $ | 1,618,498 |
$ | 1,655,728 |
$ | 1,680,725 |
$ | 1,815,123 |
||||
计息存款: | |
|
|
|
||||||||
计息需求 | 2,364,751 |
2,430,833 |
2,416,864 |
2,403,818 |
||||||||
储蓄 | 1,270,401 |
1,213,334 |
1,180,837 |
1,171,418 |
||||||||
时间 | 1,801,661 |
1,738,686 |
1,689,066 |
1,411,105 | ||||||||
计息存款总额 | 5,436,813 |
5,382,853 |
5,286,767 |
4,986,341 | ||||||||
存款总额 | 7,055,311 |
7,038,581 |
6,967,492 |
6,801,464 | ||||||||
短期借款: | |
|
|
|
||||||||
根据回购协议购买的联邦基金和出售的证券 | 82,591 |
55,809 |
48,335 |
73,396 |
||||||||
其他短期借款 | 166,989 |
256,550 |
223,757 |
229640 | ||||||||
短期借款总额 | 249,580 |
312,359 |
272,092 |
303,036 | ||||||||
长期债务和强制性可赎回证券 | 39,406 |
47,911 |
46,533 |
46,714 | ||||||||
次级票据 | 58764 |
58764 |
58764 |
58764 |
||||||||
应计费用和其他负债 | 183,227 |
202,080 |
197,180 |
151,381 | ||||||||
负债总额 | 7,586,288 |
7,659,695 |
7,542,061 |
7,361,359 | ||||||||
股东权益 | |
|
|
|
||||||||
优先股;无面值 | ||||||||||||
已授权 10,000,000 股;未发行或流通 | - |
- |
- |
- |
||||||||
普通股;无面值 | ||||||||||||
授权了4000万股;截至3月31日发行了28,205,674股, | ||||||||||||
分别是 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 |
||||||||
国库普通股成本(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, | ||||||||||||
分别为 2023 年 3 月 31 日和 2023 年 3 月 31 日 | (129,790) | (130,489) | (130,579) | (119,409) | ||||||||
累计其他综合亏损 | (109,275) | (106,323) | (151,312) | (127,465) | ||||||||
股东权益总额 | 1,009,886 |
989,568 |
924,250 |
909,159 |
||||||||
非控股权益 | 71,663 |
78,695 |
58,747 |
59,285 | ||||||||
权益总额 | 1,081,549 |
1,068,263 |
982,997 |
968,444 | ||||||||
负债和权益总额 | $ | 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 |
第一来源公司 | |||||||||
合并收益表 | |||||||||
(未经审计-以千美元计,每股金额除外) | |||||||||
三个月已结束 | |||||||||
3月31日 | 十二月三十一日 | 3月31日 | |||||||
2024 | 2023 | 2023 | |
||||||
利息收入: | |||||||||
贷款和租赁 | $ | 109,202 |
$ | 107,103 |
$ | 86,689 |
|||
投资证券,应纳税 | 6,079 |
5,989 |
6,648 |
||||||
投资证券,免税 | 260 |
314 |
482 |
||||||
其他 | 927 |
1,165 |
637 | ||||||
利息收入总额 | 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 |
||||||
附属票据 | 1,061 |
1,066 |
1,020 |
||||||
长期债务和强制性可赎回证券 | 646 |
1,673 |
1,215 | ||||||
利息支出总额 | 44,553 |
43,241 |
24,891 | ||||||
净利息收入 | 71,915 |
71,330 |
69,565 |
||||||
信贷损失准备金 | 6,595 |
1,911 |
3,049 | ||||||
扣除信贷损失准备金后的净利息收入 | 65,320 |
69,419 |
66,516 | ||||||
非利息收入: | |
|
|
||||||
信托和财富咨询 | 6,287 |
5,912 |
5,679 |
||||||
存款账户的服务费 | 3,070 |
3,331 |
3,003 |
||||||
借记卡 | 4,201 |
4,395 |
4,507 |
||||||
抵押银行 | 950 |
772 |
802 |
||||||
保险佣金 | 1,776 |
1,527 |
2,029 |
||||||
设备租赁 | 1,671 |
1,907 |
2,503 |
||||||
可供出售的投资证券的亏损 | - |
(2,882) | (44) | ||||||
其他 | 4,201 |
5,114 |
4,844 | ||||||
非利息收入总额 | 22,156 |
20,076 |
23,323 | ||||||
非利息支出: | |
|
|
||||||
工资和员工福利 | 29,572 |
29,913 |
28,597 |
||||||
净占用率 | 2,996 |
2,925 |
2,622 |
||||||
家具和设备 | 1,149 |
1,715 |
1,307 |
||||||
数据处理 | 6,500 |
6,341 |
6,157 |
||||||
折旧-租赁设备 | 1,288 |
1,523 |
2,022 |
||||||
专业费用 | 1,345 |
2,556 |
682 |
||||||
联邦存款保险公司和其他保险 | 1,657 |
1,624 |
1,360 |
||||||
业务发展和营销 | 1,744 |
2,335 |
1,972 |
||||||
其他 | 3,335 |
4,040 |
4,702 | ||||||
非利息支出总额 | 49,586 |
52,972 |
49,421 | ||||||
所得税前收入 | 37,890 |
36,523 |
40,418 |
||||||
所得税支出 | 8,428 |
8,106 |
9,287 | ||||||
净收入 | 29,462 |
28,417 |
31,131 |
||||||
归属于非控股权益的净(收益)亏损 | (7) | 12 |
(7) | ||||||
普通股股东可获得的净收益 | $ | 29,455 |
$ | 28,429 |
$ | 31,124 | |||
每股普通股: | |
|
|
||||||
普通股每股基本净收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
摊薄后的每股普通股净收益 | $ | 1.19 |
$ | 1.15 |
$ | 1.25 | |||
现金分红 | $ | 0.34 |
$ | 0.34 |
$ | 0.32 | |||
基本加权平均已发行普通股 | 24,459,088 |
24,430,477 |
24,687,087 | ||||||
摊薄后的加权平均已发行普通股 | 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. |
第一来源公司 | |||||||||||||||||||||||||||
资产、负债和股东权益的分配 | |||||||||||||||||||||||||||
利率和利率差异 | |||||||||||||||||||||||||||
(未经审计-以千美元计) | |||||||||||||||||||||||||||
|
三个月已结束 | |
|||||||||||||||||||||||||
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/ 费率 |
平均值 平衡 |
利息收入/支出 |
收益率/ 费率 |
平均值 平衡 |
利息收入/支出 |
收益率/ 费率 |
|||||||||||||||||||
资产 | |||||||||||||||||||||||||||
可供出售的投资证券: | |||||||||||||||||||||||||||
应纳税 | $ | 1,576,579 |
$ | 6,079 |
1.55% |
$ | 1,559,351 |
$ | 5,989 |
1.52% |
$ | 1,711,177 |
$ | 6,648 |
1.58% |
||||||||||||
免税(1) | 31,515 |
327 |
4.17% |
37,251 |
392 |
4.17% |
57,444 |
605 |
4.27% |
||||||||||||||||||
待售抵押贷款 | 1,830 |
34 |
7.47% |
2,010 |
41 |
8.09% |
2410 |
32 |
5.38% |
||||||||||||||||||
贷款和租赁,扣除未获得的折扣(1) | 6,504,069 |
109,249 |
6.76% |
6,387,858 |
107,150 |
6.65% |
6,036,203 |
86,760 |
5.83% |
||||||||||||||||||
其他投资 | 68,172 |
927 |
5.47% |
85,391 |
1,165 |
5.41% |
57,361 |
637 |
4.50% | ||||||||||||||||||
总收益资产(1) | 8,182,165 |
116,616 |
5.73% |
8,071,861 |
114,737 |
5.64% |
7,864,595 |
94,682 |
4.88% |
||||||||||||||||||
来自银行的现金和应付款 | 61,889 |
|
|
70,352 |
|
|
71,921 |
|
|
||||||||||||||||||
贷款和租赁损失备抵金 | (148,982) | |
|
(146,076) | |
|
(141,054) | |
|
||||||||||||||||||
其他资产 | 557,072 |
|
|
557,363 |
|
|
527,969 |
|
|||||||||||||||||||
总资产 | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||||||||||||
负债和股东权益 |
|
|
|
|
|
|
|||||||||||||||||||||
计息存款 | $ | 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: | |
|
|
|
|
|
|
|
|
||||||||||||||||||
根据回购协议出售的证券 | 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% |
||||||||||||||||||
附属票据 | 58764 |
1,061 |
7.26% |
58764 |
1,066 |
7.20% |
58764 |
1,020 |
7.04% |
||||||||||||||||||
长期债务和强制性可赎回证券 | 47,217 |
646 |
5.50% |
46,765 |
1,673 |
14.19% |
45,380 |
1,215 |
10.86% | ||||||||||||||||||
计息负债总额 | 5,783,480 |
44,553 |
3.10% |
5,678,546 |
43,241 |
3.02% |
5,345,498 |
24,891 |
1.89% |
||||||||||||||||||
非计息存款 | 1,616,251 |
|
|
1,684,743 |
|
|
1,880,913 |
|
|
||||||||||||||||||
其他负债 | 167,759 |
|
|
177,097 |
|
|
147,141 |
|
|
||||||||||||||||||
股东权益 | 1,006,286 |
|
|
949,939 |
|
|
890,294 |
|
|
||||||||||||||||||
非控制性权益 | 78,368 |
|
|
63,175 |
|
|
59,585 |
|
|||||||||||||||||||
负债和权益总额 | $ | 8,652,144 |
|
|
$ | 8,553,500 |
|
|
$ | 8,323,431 |
|
||||||||||||||||
减去:完全等值税的调整 | |
(148) | |
|
(166) | |
|
(226) | |
||||||||||||||||||
净利息收入/利润(按公认会计准则计算)(1) | |
$ | 71,915 |
3.54% |
|
$ | 71,330 |
3.51% |
|
$ | 69,565 |
3.59% | |||||||||||||||
完全等值税的调整 | |
148 |
|
|
166 |
|
|
226 |
|
||||||||||||||||||
净利息收入/利润率-FTE(1) | |
$ | 72,063 |
3.54% |
|
$ | 71,496 |
3.51% |
|
$ | 69,791 |
3.60% | |||||||||||||||
(1) 有关该绩效指标/比率的更多信息,请参阅 “非公认会计准则财务指标对账”。 |
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 |
第一来源公司 | ||||||||||
非公认会计准则财务指标的对账 | ||||||||||
(未经审计-千美元,每股数据除外) | ||||||||||
|
||||||||||
三个月已结束 | ||||||||||
3月31日 | 十二月三十一日 | 3月31日 | ||||||||
2024 | 2023 | 2023 | ||||||||
净利率的计算 | ||||||||||
(A) | 利息收入(GAAP) | $ | 116,468 |
$ | 114,571 |
$ | 94,456 |
|||
完全等值税的调整: | |
|
|
|||||||
(B) | -贷款和租赁 | 81 |
88 |
103 |
||||||
(C) | -免税投资证券 | 67 |
78 |
123 | ||||||
(D) | 利息收入-全职员工(A+B+C) | 116,616 |
114,737 |
94,682 |
||||||
(E) | 利息支出 (GAAP) | 44,553 |
43,241 |
24,891 |
||||||
(F) | 净利息收入 (GAAP) (A-E) | 71,915 |
71,330 |
69,565 | ||||||
(G) | 净利息收入——全职员工(D-E) | 72,063 |
71,496 |
69,791 | ||||||
(H) | 年化系数 | 4.022 |
3.967 |
4.056 |
||||||
(I) | 总收益资产 | $ | 8,182,165 |
$ | 8,071,861 |
$ | 7,864,595 |
|||
净利率(根据公认会计准则得出)(F*H)/I | 3.54% |
3.51% |
3.59% |
|||||||
净利率-FTE (G*H) /I | 3.54% |
3.51% |
3.60% |
|||||||
|
|
|
|
|||||||
效率比的计算 | |
|
|
|||||||
(F) | 净利息收入(GAAP) | $ | 71,915 |
$ | 71,330 |
$ | 69,565 |
|||
(G) | 净利息收入-FTE | 72,063 |
71,496 |
69,791 |
||||||
(J) | 另外:非利息收入 (GAAP) | 22,156 |
20,076 |
23,323 |
||||||
(K) | 减去:投资证券和合伙投资的收益/损失 | (1,037) | 1,173 |
(1,522) | ||||||
(L) | 减去:折旧-租赁设备 | (1,288) | (1,523) | (2,022) | ||||||
(M) | 总净收入 (GAAP) (F+J) | 94,071 |
91,406 |
92,888 | ||||||
(N) | 净收入总额——调整后 (G+J-K-L) | 91,894 |
91,222 |
89,570 | ||||||
(O) | 非利息支出 (GAAP) | 49,586 |
52,972 |
49,421 |
||||||
(L) | 减去:折旧-租赁设备 | (1,288) | (1,523) | (2,022) | ||||||
(P) | 非利息支出——调整后 (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-调整后(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 | |||||||
有形普通股权与有形资产比率的计算 | |
|
||||||||
(Q) | 普通股股东权益总额 (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(R) | 减去:商誉和无形资产 | (83,912) | (83,916) | (83,901) | ||||||
(S) | 有形普通股股东权益总额 (Q-R) | $ | 925,974 |
$ | 905,652 |
$ | 825,258 | |||
(T) | 总资产(GAAP) | 8,667,837 |
8,727,958 |
8,329,803 |
||||||
(R) | 减去:商誉和无形资产 | (83,912) | (83,916) | (83,901) | ||||||
(U) | 有形资产总额 (T-R) | $ | 8,583,925 |
$ | 8,644,042 |
$ | 8,245,902 | |||
普通股权与资产比率(根据公认会计准则得出)(Q/T) | 11.65% |
11.34% |
10.91% |
|||||||
有形普通股与有形资产的比率 (S/U) | 10.79% |
10.48% |
10.01% |
|||||||
|
|
|
|
|||||||
|
|
|
|
|||||||
每股普通股有形账面价值的计算 | |
|
|
|||||||
(Q) | 普通股股东权益总额 (GAAP) | $ | 1,009,886 |
$ | 989,568 |
$ | 909,159 |
|||
(V) | 实际已发行普通股 | 24,477,658 |
24,434,604 |
24,695,552 | ||||||
每股普通股账面价值(GAAP衍生的)(Q/V)*1000 | $ | 41.26 |
$ | 40.50 |
$ | 36.81 |
||||
每股有形普通账面价值 (S/V) *1000 | $ | 37.83 |
$ | 37.06 |
$ | 33.42 |
The NASDAQ Stock Market National Market Symbol: "SRCE" (CUSIP #336901 10 3)
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纳斯达克股票市场全国市场代码:“SRCE” (CUSIP #336901 10 3)
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574-235-2000
联系人:
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