earnings
confidence high
sentiment positive
materiality 0.70
1st Source posts record Q1 net income $37.5M, EPS $1.52, dividend raised 11.8%
1ST SOURCE CORP
2025-Q1 EPS reported
$1.52
- Net income $37.52M (+27.4% YoY), diluted EPS $1.52 vs $1.19 YoY; ROAA 1.72% and ROAE 13.33%.
- Tax-equivalent net interest margin 3.90%, +36 bps YoY; fifth consecutive quarter of margin expansion.
- Cash dividend increased 11.76% to $0.38/share, payable May 15, 2025 to holders of record May 5.
- Average loans & leases +1.84% QoQ, average deposits +2.62%; NPA ratio rose to 0.63% from 0.34% YoY.
- CET1 ratio 14.71% (up from 13.48% a year ago); 7,554 shares repurchased for $0.45M in Q1.