earnings
confidence high
sentiment neutral
materiality 0.70
1st Source Q2 net income $37.32M ($1.51 EPS); dividend raised 5.56% to $0.38
1ST SOURCE CORP
2025-Q2 EPS reported
$3.02
- Net income $37.32M, up 1.43% YoY; diluted EPS $1.51 vs $1.49 YoY.
- Tax-equivalent net interest margin 4.01%, up 42 bps YoY; NII up 15.03% YoY.
- Provision for credit losses $7.69M vs recovery of $0.31M a year ago; net charge-offs $1.87M.
- Nonperforming assets to loans rose to 1.06% (from 0.63% prior Q) primarily from one auto/light truck account.
- Cash dividend increased to $0.38/share (5.56% increase), payable Aug 15, 2025 to holders of record Aug 5.