1st Source Rises on Regional Bank Rally; Eyes on Credit Ahead
1st Source Corp. rose 2.7% to $74.65 late Thursday, lifting its market cap to about $1.81 billion as regional bank stocks advanced. The bank reported first-quarter net income of $39.96 million, up 6.5% from a year earlier, with diluted EPS at $1.63 and a raised dividend to 43 cents. Trading volume reached about 131,400 shares. The company increased its loan loss provision to $7.27 million amid a weaker economic outlook.