DES PLAINES, Ill. -- Firstfed Bancshares, the $394 million-asset holding company for First Federal Bank for Savings, reported first-quarter net income of $899,000, a decrease of 30.15% from $1.3 million a year ago.
Primary earnings per share decreased to $0.31 for the first quarter, down from $0.42 in the same period in 1993.
The company attributed the decline to a decrease in net interest income and an increase in noninterest expense.
COLUMBUS, Ind. -- Irwin Financial Corp., a $787 million-asset group of financial services companies, announced first-quarter net income of $4.2 million, or $0.71 per share, up 16.4% over the $3.6 million, or $0.61, of a year ago. Return on equity was 23.82% and return on assets was 2.16% for the quarter.
SOUTH BEND, Ind. -- 1st Source Corp., the $1.5 billion-asset parent of 1st Source Bank, reported first-quarter net income of $4.3 million, up 11.4% from $3.9 million for first quarter 1993.
Net income per share was $0.56, up 10.6% from $0.51 a year ago. Return on equity for the first quarter was 14.17%, and return on assets 1.18%.