SRCE 1ST SOURCE CORP
Price Chart
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
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000034782-26-000036 |
| Document: source-20260501.htm | 0000034782-26-000036 |
| Document: 0000034782-26-000036-index-headers.html | 0000034782-26-000036 |
| Document: 0000034782-26-000036-index.html | 0000034782-26-000036 |
| Document: 0000034782-26-000036.txt | 0000034782-26-000036 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 1, 2026
5w ago
|
8-K
| $73.43 $72.93 | ▼ −0.67% | ▼ −5.96% | $75.95 (+3.44%) |
|
Apr 24, 2026
6w ago
|
8-K
| $73.37 $74.42 | ▲ +1.44% | ▼ −3.52% | $75.95 (+3.52%) |
|
Apr 23, 2026
6w ago
|
8-K
| $73.47 $73.48 | ▲ +0.02% | ▼ −4.61% | $75.95 (+3.38%) |
US Market Status
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