This investor presentation is a routine update with no new material guidance. Monitor the upcoming 10-Q for full quarterly details and any credit quality trends. The improved NIM and revenue growth are positive, but the filing lacks forward-looking guidance to drive a directional trade.
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Executive Summary
1st Source Corporation filed an 8-K with an investor presentation for Q2 2026, disclosing financial results for the second quarter. Net income available to common shareholders for 2026 YTD was $88 million, compared to $75 million in 2025 YTD, with diluted EPS of $3.58 versus $3.02. Net interest income on an FTE basis grew to $183.6 million from $166.4 million, and the net interest margin expanded to 4.24% from 3.95%. The presentation highlights strong capital levels, stable credit quality, and 38 consecutive years of dividend growth. This is a routine investor relations update with no new material guidance or transactions.
Key Facts
- 2026 YTD net income available to common shareholders: $88 million (vs $75 million in 2025 YTD)
- 2026 YTD diluted EPS: $3.58 (vs $3.02 in 2025 YTD)
- 2026 YTD net interest income (FTE): $183.6 million (vs $166.4 million)
- Net interest margin (FTE): 4.24% for 2026 YTD (vs 3.95% for 2025 YTD)
- 2026 YTD pre-tax pre-provision income: $121.8 million (vs $106.8 million in 2025 YTD)
- Tangible common equity-to-tangible assets: 13.36% (2026 YTD); all regulatory capital ratios above well-capitalized thresholds
- 338,356 shares of treasury stock repurchased in Q1 2026; zero in Q2 2026
- 38 consecutive years of dividend growth; 2026 YTD dividends per share of $1.28
Financial Impact
Q2 2026 YTD net income of ~$88M, up ~17% vs prior-year period; NIM expansion of 29bps; no forward guidance provided.
Risk Factors
- Potential net interest margin compression if the Fed cuts rates (NII sensitivity shows -1.20% in a -100bps ramp)
- Commercial real estate and specialty finance loan concentration (52% community bank, 48% specialty finance)
- Asset-liability mismatch with variable-rate loans repricing quickly but deposit costs potentially lagging
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (SRCE) — Batch item 1 | 0000034782-26-000048 |
| Document: source-20260805.htm | 0000034782-26-000048 |
| Document: 0000034782-26-000048-index-headers.html | 0000034782-26-000048 |
| Document: 0000034782-26-000048-index.html | 0000034782-26-000048 |
| Document: 0000034782-26-000048.txt | 0000034782-26-000048 |
| 8-K Filing (SRCE) — Batch item 6 | 0000034782-26-000048 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | 8-K | $87.18 | awaiting T+20 | — | $88.06 (+1.01%) |
Aug 17, 2026 9w ago | Institutional Cluster | $87.73 $86.72 | ▼ −1.15% | ▼ −0.16% | $88.06 (+0.38%) |
Aug 5, 2026 11w ago | 8-K | $89.99 $86.07 | ▼ −4.36% | ▼ −3.75% | $88.06 (−2.14%) |
May 1, 2026 25w ago | 8-K | $73.43 $72.93 | ▼ −0.67% | ▼ −5.96% | $88.06 (+19.93%) |
Apr 24, 2026 26w ago | 8-K | $73.37 $74.42 | ▲ +1.44% | ▼ −3.52% | $88.06 (+20.03%) |
Apr 23, 2026 26w ago | 8-K | $73.47 $73.48 | ▲ +0.02% | ▼ −4.61% | $88.06 (+19.87%) |
US Market Status
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