SRCE 1ST SOURCE CORP

NEUTRAL Impact: 3/10 8-K
Horizon weeks Filed May 1, 2026 Processed 1mo ago SEC 0000034782-26-000036
8-K context-dependent: Items 7.01
Latest settled — T+20d
SRCE ▼ -0.67% at T+20d
NEUTRAL call ✗ call lost -0.67% · α vs SPY -5.96% · entry $73.43 → $72.93
Next anchor: T+60d in 7w
Last close $75.95 (close Jun 8) · +3.44% from $73.43 entry
Entry anchored
May 1, 12:37 PM ET
via Databento tick
T+1d
-0.50%
call -0.50% · α -0.16%
$73.06
settled 5w ago
T+5d
+0.32%
call +0.32% · α -2.03%
$73.66
settled 5w ago
T+20d
-0.67%
call -0.67% · α -5.96%
$72.93
settled 9d ago
T+60d
call — · α —
in 7w

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Executive Summary

1st Source Corporation filed an 8-K with an investor presentation for Q1 2026, highlighting strong financial performance with net income of $40M (YTD) vs $38M (prior year YTD), diluted EPS of $1.63 vs $1.52, and net interest margin expansion to 4.25% (FTE) from 3.90%. The presentation is a routine Regulation FD disclosure for investor meetings and contains no new material events, guidance changes, or material transactions.

Actionable Insight

This is a routine investor presentation with no new material information. Monitor upcoming 10-Q for full quarterly details and any changes to loan loss provision trends, which increased to $7M YTD from $3M in the prior year period.

Key Facts

  • Q1 2026 YTD net income available to common shareholders of $40M vs $38M in Q1 2025 YTD
  • Diluted EPS of $1.63 vs $1.52 in prior year period
  • Net interest margin (FTE) expanded to 4.25% from 3.90%
  • Total assets grew to $9.113B from $9.055B at year-end 2025
  • Tangible book value per share increased to $49.61 from $48.88 at year-end 2025
  • 338,356 shares repurchased in Q1 2026
  • No new guidance, material agreements, or strategic transactions disclosed

Financial Impact

No material financial impact from this filing; it is a routine investor presentation summarizing already-reported Q1 2026 results

Risk Factors

  • Provision for credit losses increased to $7M YTD from $3M in prior year period, signaling potential credit quality deterioration
  • Nonperforming assets rose to 1.03% of net loans from 0.46% at year-end 2025
  • Net charge-offs turned positive at 0.23% vs (0.06%) recovery in prior year

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
67% bullish (9 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0000034782-26-000036
Document: source-20260501.htm0000034782-26-000036
Document: 0000034782-26-000036-index-headers.html0000034782-26-000036
Document: 0000034782-26-000036-index.html0000034782-26-000036
Document: 0000034782-26-000036.txt0000034782-26-000036
3 reports for SRCE
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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%$75.95 (+3.44%)
Apr 24, 2026
6w ago
8-K
MIXED ★ 6/10
$73.37 $74.42▲ +1.44%▼ −3.52%$75.95 (+3.52%)
Apr 23, 2026
6w ago
8-K
NEUTRAL ★ 5/10
$73.47 $73.48▲ +0.02%▼ −4.61%$75.95 (+3.38%)
Showing 3 of 3

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