-
Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Improved credit helped 1st Source Corp. in South Bend, Ind., more than double fourth-quarter earnings from a year earlier.
The $4.45 billion-asset company earned $12.6 million in the quarter, compared to $6.2 million in the same period of 2009.
Its loan-loss provision fell 59% compared to a year earlier, to $3.4 million. For 2010, net income rose 61.8% from the year earlier, to $41.2 million, 1st Source said in a Thursday press release.
The company also paid off its Troubled Asset Relief Program funding in the fourth quarter without having to raise capital.
The Tarp move should save it $5.5 million annually, 1st Source said.