earnings
confidence high
sentiment positive
materiality 0.75
1st Source reports record Q1 net income of $39.96M; dividend raised to $0.43/share
1ST SOURCE CORP
2026-Q1 EPS reported
$1.63
- Net income $39.96M, up 6.49% YoY; diluted EPS $1.63 (+7.24% YoY).
- Dividend increased to $0.43/share (13.16% YoY increase), payable May 15, 2026 to holders of record May 5.
- Average loans and leases grew 3.29% YoY to $7.02B; deposits fell 1.94% YoY.
- Provision for credit losses $7.27M (vs $3.27M a year ago); net charge-offs $3.96M (vs $0.18M).
- Common Equity Tier 1 ratio 15.30% (vs 14.71% a year ago); 338,356 shares repurchased for $23.35M.