Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Wednesday, October 23, 2019  Spokane, Washington  Est. May 19, 1883
Clear Night 39° Clear
News >  Nation/World

Source Capital Posts 19% Jump In Income

By From Staff And Wire Reports

Source Capital Corp. Monday announced a 19 percent increase in first-quarter net income compared with year-earlier figures.

The Spokane-based commercial lender earned $163,675, or 12 cents per share, up from $137,562, or 10 cents per share.

Loans receivable on March 31 jumped 123 percent to $25.5 million, while loan losses were nil. Loans delinquent 60 days or more fell substantially, as did the amount of real estate owned.

Total assets reached $30.6 million, compared with $19.9 million a year ago. , DataTimes

Wordcount: 82
Tags: briefly, business

Subscribe to the Morning Review newsletter

Get the day’s top headlines delivered to your inbox every morning by subscribing to our newsletter.

You have been successfully subscribed!
There was a problem subscribing you to the newsletter. Double check your email and try again, or email