1ST SOURCE CORP (SRCE) Form 8-K — Oct 22, 2026
1st Source Corporation (NASDAQ: SRCE) reported record third quarter 2026 net income of $49.54 million, up 17.13% from a year ago, with diluted EPS of $2.03 up 18.71% year-over-year. Return on average assets rose to 2.12% and net interest margin expanded to 4.28%, up 19 basis points from the prior year quarter. The board approved a cash dividend of $0.45 per share, a 12.50% increase from a year ago, payable November 13, 2026 to holders of record on November 3, 2026. Credit quality remained strong with net charge-offs of just $0.33 million and nonperforming assets falling to 0.81% of loans.
Key figures
- Eps
- 2.03
- Revenue
- 120281000
- Net Income
- 49540000
- Shares Outstanding
- 24084319
- Eps yoy pct
- 18.71
- Avg deposits
- 7440000000
- Cet1 ratio pct
- 15.95
- Avg loans leases
- 7260000000
- Dividend per share
- 0.45
- Net income yoy pct
- 17.13
- Allowance ratio pct
- 2.28
- Book value per share
- 54.79
- Efficiency ratio pct
- 45.91
- Dividend increase pct
- 12.5
- Net interest margin pct
- 4.28
- Return on avg assets pct
- 2.12
- Return on avg equity pct
- 14.8
- Provision for credit losses
- 900000
- Tangible book value per share
- 51.31
- Nonperforming assets ratio pct
- 0.81
- Securities repositioning pretax loss
- 3820000
AI analysis
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