1st Source Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $56,185,000 against $48,724,000 a year ago. Net interest income was $48,814,000 against $43,383,000 a year ago. Net interest income after provision for loan and lease losses was $45,192,000 against $42,641,000 a year ago. Income before income taxes was $23,550,000 against $23,236,000 a year ago. Net income was $17,994,000 against $15,225,000 a year ago. Basic and diluted net income per common share was $0.69 against $0.58 a year ago. Return on average assets increased to 1.23% and return on average common shareholders' equity improved to 9.93% from 1.11% and 8.96%, respectively, in the fourth quarter of 2016.

For the year, the company reported total interest income of $212,385,000 against $191,760,000 a year ago. Net interest income was $185,631,000 against $169,659,000 a year ago. Net interest income after provision for loan and lease losses was $176,651,000 against $163,826,000 a year ago. Income before income taxes was $101,360,000 against $89,126,000 a year ago. Net income was $68,051,000 against $57,786,000 a year ago. Basic and diluted net income per common share was $2.60 against $2.22 a year ago. Return on average assets was 1.21% against 1.08% a year ago. Return on average common shareholders' equity was 9.69% against 8.71% a year ago.

The company reported net charge-offs of $2.11 million and nonperforming assets to loans and leases of 0.67% compared to $1.10 million and 0.70%, respectively, in the fourth quarter of 2016.