Newz(SRCE) on Thursday reported third-quarter profit of $49.5 million. The South Bend, Indiana-based bank said it had earnings of $2.03 per share. Earnings, adjusted for non-recurring costs, were $2.16 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share. The holding company for 1st Source Bank posted revenue of $161.8 million in the period.
Its revenue net of interest expense was $124.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCE at https://www.zacks.com/ap/SRCE Source
DALLAS (AP) — DALLAS (AP) — Hilltop Holdings Inc. (HTH) on Thursday reported third-quarter profit of $24.9 million. The bank, based in Dallas, said it had earnings of 44 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. The insurance holding compnay posted revenue of $379 million in the period.
Its revenue net of interest expense was $309.5 million, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $319.9 million. Access a Zacks stock report on HTH at https://www.zacks.com/ap/HTH Source
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