1st Source Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported total interest income of $48,724,000 against $48,017,000 a year ago. Net interest income was $43,383,000 against $43,211,000 a year ago. Net interest income after provision for loan and lease losses was $42,641,000 against $43,211,000 a year ago. Income before income taxes was $23,236,000 against $22,369,000 a year ago. Net income was $15,225,000 against $14,417,000 a year ago. Diluted net income per common share was $0.58 against $0.55 a year ago. Return on average assets was 1.11% against 1.11% a year ago. Return on average common shareholders's equity was 8.96% against 8.84% a year ago.

For the year, the company reported total interest income of $22,101,000 against $18,163,000 a year ago. Net interest income was $169,659,000 against $166,521,000 a year ago. Net interest income after provision for loan and lease losses was $163,826,000 against $164,361,000 a year ago. Income before income taxes was $89,126,000 against $88,563,000 a year ago. Net income was $57,786,000 against $57,486,000 a year ago. Diluted net income per common share was $2.22 against $2.17 a year ago. Tangible common book value per share was $22.75 against $21.49 a year ago. Book value per common share was $26.00 against $24.75 a year ago. Return on average assets was 1.08% against 1.15% a year ago. Return on average common shareholders's equity was 8.71% against 9.05% a year ago.

The company reported net charge-offs of $1.10 million were recorded for the fourth quarter of 2016 compared with net recoveries of $0.50 million in the same quarter a year ago.