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.
Price Chart
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.
Key Financial Metrics
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
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
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000034782-26-000027 |
| Document: source-20260423.htm | 0000034782-26-000027 |
| Document: 0000034782-26-000027-index-headers.html | 0000034782-26-000027 |
| Document: 0000034782-26-000027-index.html | 0000034782-26-000027 |
| Document: 0000034782-26-000027.txt | 0000034782-26-000027 |
| 8-K Data (Synthetic) | 0000034782-26-000027 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $87.29 $87.86 | ▲ +0.65% | ▼ −0.06% | $87.86 (+0.65%) |
Aug 17, 2026 10w ago | Institutional Cluster | $87.73 $85.71 | ▼ −2.30% | ▼ −2.51% | $87.86 (+0.15%) |
Aug 5, 2026 11w ago | 8-K | $89.99 $89.34 | ▼ −0.72% | ▼ −0.56% | $87.86 (−2.37%) |
May 1, 2026 25w ago | 8-K | $73.43 $73.06 | ▼ −0.50% | ▼ −0.16% | $87.86 (+19.66%) |
Apr 24, 2026 26w ago | 8-K | $73.37 $74.38 | ▲ +1.38% | ▲ +1.87% | $87.86 (+19.76%) |
Apr 23, 2026 26w ago | 8-K | $73.47 $73.11 | ▼ −0.48% | ▼ −1.27% | $87.86 (+19.59%) |
US Market Status
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