earnings
confidence high
sentiment positive
materiality 0.75
1st Source reports record Q3 net income $42.3M, EPS $1.71, dividend raised to $0.40
1ST SOURCE CORP
2025-Q3 EPS reported
$4.74
- Net income record $42.30M ($1.71 diluted EPS), up 21% YoY; ROA 1.86%, ROE 13.76%.
- Cash dividend increased 2 cents to $0.40/share, up 11.11% from a year ago; payable Nov 14 to holders of record Nov 4.
- Tax-equivalent net interest margin expanded to 4.09%, up 8 bps QoQ and 45 bps YoY.
- Nonperforming assets to loans fell to 0.91% from 1.06% prior quarter; provision for credit losses dropped to $0.90M from $7.69M.
- Leadership transition: Christopher J. Murphy III becomes Executive Chairman; Andrea G. Short named CEO of 1st Source Corp and Bank; Kevin C. Murphy becomes President of Bank.