SRCE 1ST SOURCE CORP

NEUTRAL Impact: 5/10 8-K
Horizon immediate Filed Apr 23, 2026 Processed 1mo ago SEC 0000034782-26-000027
8-K Item 2.02: Earnings release
Latest settled — T+20d
SRCE ▲ +0.02% at T+20d
NEUTRAL call ✓ call won +0.02% · α vs SPY -4.61% · entry $73.47 → $73.48
Next anchor: T+60d in 6w
Currently $76.70 · +4.40% from $73.47 entry
Entry anchored
Apr 22, 03:59 PM ET
via Databento tick
T+1d
-0.48%
call -0.48% · α -1.27%
$73.11
settled 7w ago
T+5d
-1.18%
call -1.18% · α -2.66%
$72.60
settled 6w ago
T+20d
+0.02%
call +0.02% · α -4.61%
$73.48
settled 20d ago
T+60d
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call — · α —
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in 6w

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Executive Summary

1st Source Corp reported Q1 2026 earnings with diluted EPS of $1.63, matching Street consensus, on revenue of $113.1M. Net interest margin expanded 35 bps YoY to 4.25% FTE, but provision for credit losses rose to $7.27M. The company declared a dividend increase to $0.43 per share.

Actionable Insight

Monitor next quarter's credit loss trends and net interest margin trajectory; the in-line EPS and revenue with higher credit costs suggest stable but cautious outlook.

Key Facts

  • Diluted EPS was $1.63, matching consensus of $1.63
  • Revenue was $113.1M (interest income $126.1M + noninterest income $23.0M)
  • Net interest margin (FTE) was 4.25%, up 35 bps YoY but down 4 bps QoQ
  • Provision for credit losses increased to $7.27M from $0.71M in prior quarter
  • Dividend increased to $0.43 per share, up 13.16% YoY
  • Average loans grew 3.29% YoY to $7.02B

Financial Impact

EPS in line with consensus, revenue slightly above, but elevated credit provision offsets margin expansion

epsrevenuenetInterestMarginprovisionForCreditLosses

Risk Factors

  • Increase in provision for credit losses to $7.27M from $0.71M
  • Net interest margin declined 4 bps QoQ despite YoY expansion

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000034782-26-000027
Document: source-20260423.htm0000034782-26-000027
Document: 0000034782-26-000027-index-headers.html0000034782-26-000027
Document: 0000034782-26-000027-index.html0000034782-26-000027
Document: 0000034782-26-000027.txt0000034782-26-000027
8-K Data (Synthetic)0000034782-26-000027
3 reports for SRCE
Performance horizon
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Reports for SRCE — sortable, filterable
Type Now
May 1, 2026
5w ago
8-K
NEUTRAL ★ 3/10
$73.43 $72.93▼ −0.67%▼ −5.96%$76.70 (+4.46%)
Apr 24, 2026
6w ago
8-K
MIXED ★ 6/10
$73.37 $74.42▲ +1.44%▼ −3.52%$76.70 (+4.54%)
Apr 23, 2026
6w ago
8-K
NEUTRAL ★ 5/10
$73.47 $73.48▲ +0.02%▼ −4.61%$76.70 (+4.40%)
Showing 3 of 3

US Market Status

Market Closed — Opens Thu (10h 32m)

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