1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared
1st Source Corporation reported record Q3 2026 net income of $49.54 million, up 17.13% year-over-year, with diluted EPS of $2.03, up 18.71% from $1.71 a year ago. Net interest margin expanded to 4.28%, up 20 basis points YoY, while average loans grew 3.42% YoY to $7.26 billion. Credit quality improved, with nonperforming assets falling to 0.81% of loans and net charge-offs of just $0.33 million. The board raised the quarterly dividend 12.50% to $0.45 per share, payable November 13 to shareholders of record November 3.
Key figures
- Eps
- 2.03
- Revenue
- $95.74 million (tax-equivalent net interest income)
- Revenue Yoy
- 7.69%
- Roa
- 2.12%
- Roe
- 14.80%
- Avg loans
- $7.26 billion
- Cet1 ratio
- 15.95%
- Net income
- 49540000
- Avg loans qoq
- 1.58%
- Net income yoy
- 17.13%
- Allowance ratio
- 2.28%
- Net charge offs
- $0.33 million
- Efficiency ratio
- 45.91%
- Dividend increase
- 12.50%
- Dividend per share
- 0.45
- Net interest margin
- 4.28%
- Provision credit losses
- $0.90 million
- Nonperforming assets ratio
- 0.81%
AI analysis
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