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Last $20.13 USD
Change Today +0.08 / 0.40%
Volume 43.9K
MSFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

mainsource financial group i (MSFG) Snapshot

Open
$20.14
Previous Close
$20.05
Day High
$20.18
Day Low
$20.00
52 Week High
01/2/15 - $21.08
52 Week Low
05/16/14 - $15.86
Market Cap
436.3M
Average Volume 10 Days
51.7K
EPS TTM
$1.61
Shares Outstanding
21.7M
EX-Date
03/4/15
P/E TM
12.5x
Dividend
$0.52
Dividend Yield
2.24%
Current Stock Chart for MAINSOURCE FINANCIAL GROUP I (MSFG)

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mainsource financial group i (MSFG) Details

MainSource Financial Group, Inc. operates as the bank holding company for MainSource Bank that provides various financial services in the United States. It accepts various deposit products, including checking, savings, individual retirement, and term certificate accounts, as well as certificates of deposit, and time and transaction deposits. The company also offers loan products comprising consumer, commercial, agribusiness, installment, and real estate mortgage loans. In addition, it provides personal and corporate trust services; and other corporate services, such as letters of credit and repurchase agreements, as well as is involved in renting safe deposit facilities. The company operates 72 full-service offices in Indiana, Illinois, Kentucky, and Ohio. MainSource Financial Group, Inc. was founded in 1906 and is headquartered in Greensburg, Indiana.

801 Employees
Last Reported Date: 03/13/15
Founded in 1906

mainsource financial group i (MSFG) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $420.7K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $235.2K
Chief Banking Officer, Chairman of MainSource...
Total Annual Compensation: $250.7K
Chief Credit Officer and Senior Vice Presiden...
Total Annual Compensation: $233.5K
Senior Vice President of Branch Administratio...
Total Annual Compensation: $203.3K
Compensation as of Fiscal Year 2014.

mainsource financial group i (MSFG) Key Developments

MainSource Financial Group, Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

MainSource Financial Group, Inc. announced unaudited earnings results for the first quarter ended March 31, 2015. For the three months ended March 31, 2015, the company recorded net income of $7.7 million, or $0.35 per common share, compared to net income of $6.2 million, or $0.30 per common share, in the first quarter of 2014. During the first quarter of 2015, the company incurred a $2.4 million charge related to the prepayment of Federal Home Loan Bank (FHLB) advances and realized $252,000 of gains from the sale of investment securities. The sum of these items reduced earnings per share by $0.06. Net interest income was $25.0 million compared to $23.2 million a year ago. The increase in net interest income was primarily due to an increase in earning assets. Earnings before income taxes were $9,418,000 against $7,530,000 of prior year period. Return on average assets and return on average equity were 0.99% and 8.48% against 0.88% and 8.07% of prior year period respectively. Tangible book value per share was $13.40 against $12.03 of prior year period. Net charge-offs were $612,000 for the first quarter of 2015.

MainSource Financial Group, Inc., Annual General Meeting, Apr 29, 2015

MainSource Financial Group, Inc., Annual General Meeting, Apr 29, 2015., at 10:00 Central Daylight. Location: 2105 North State Road 3 Bypass. Agenda: To consider election of nine directors, each for a term of one year; to consider approval of the MainSource Financial Group, Inc 2015 Stock Incentive Plan; to consider an advisory vote to approve the company's executive compensation policies and procedures; to approve ratification of the appointment of Crowe Horwath LLP as the independent registered public accounting firm for the company for the fiscal year ending December 31, 2015; and to consider any other matters that properly come before the meeting.

MainSource Financial Group, Inc. Declares First Quarter Common Dividend, Payable on March 16, 2015; Announces Unaudited Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

MainSource Financial Group, Inc. announced that the Board of Directors declared a first quarter common dividend of $0.13 per share at its January 19, 2015 meeting. This represents an increase of $0.02 per share, or 18%, from the dividend paid during the previous quarter. The dividend is payable on March 16, 2015 to common shareholders of record as of March 6, 2015. The company announced unaudited financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net interest income of $24,841,000 against $23,214,000 a year ago. An increase in the earning asset base due to the acquisition of MBT Bancorp was the primary reason for the increase in net interest income. Earnings before income taxes was $8,158,000 against $8,975,000 a year ago. Net income available to common shareholders was $6,560,000 against $7,398,000 a year ago. Return on average assets was 0.84% against 1.04% a year ago. Return on average equity was 7.39% against 9.52% a year ago. Diluted earnings per common share was $0.30 against $0.36 a year ago. For the full year, the company reported net interest income of $94,208,000 against $91,300,000 a year ago. Earnings before income taxes was $36,463,000 against $31,664,000 a year ago. Net income available to common shareholders was $28,996,000 against $25,693,000 a year ago. Return on average assets was 0.99% against 95% a year ago. Return on average equity was 8.81% against 8.35% a year ago. Tangible book value per common share was $13.01. Diluted earnings per common share was $1.39 against $1.26 a year ago. The primary drivers of the increase in net income in 2014 compared to 2013 were an increase in net interest income and a reduction in loan loss provision expense. The company announced net charge-offs of $1,299,000 for the fourth quarter ended December 31, 2014.

 

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MSFG Competitors

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Company Last Change
Bryn Mawr Bank Corp $29.77 USD +0.27
Enterprise Financial Services Corp $20.77 USD +0.06
First Financial Corp/IN $33.38 USD -0.28
Republic Bancorp Inc/KY $23.64 USD +0.26
Waterstone Financial Inc $12.74 USD +0.02
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Industry Analysis

MSFG

Industry Average

Valuation MSFG Industry Range
Price/Earnings 14.0x
Price/Sales 3.1x
Price/Book 1.2x
Price/Cash Flow 14.3x
TEV/Sales 0.8x
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