SRCE|EPS $1.63|Net Income $39.96M1st Source Corporation reported first quarter 2026 diluted earnings of $1.63 per share, marking a 7.2% increase from $1.52 per share in the same period last year. The Midwest-based bank holding company posted net income of $39.96M for the quarter as it continued to grow its core lending operations.
The South Bend, Indiana-based financial institution, which provides commercial and consumer banking services along with trust, wealth advisory, and insurance products, saw average loans and leases reach $7.02B for the quarter. 1st Source operates primarily through its subsidiary 1st Source Bank, serving customers across northern Indiana and southwestern Michigan with a focus on relationship banking and specialized lending expertise.
The earnings growth comes as regional banks navigate a complex environment of shifting interest rates and evolving customer needs. 1st Source has built its franchise on a diversified business model that extends beyond traditional deposit-taking and lending to include fee-based services in wealth management and insurance distribution.
Wall Street analysts maintain a generally positive outlook on the stock, with the consensus standing at 4 buy ratings, 3 hold ratings, and 0 sell recommendations. The company’s performance reflects the resilience of well-capitalized regional lenders that have established strong market positions in their core geographic footprints while maintaining disciplined underwriting standards.
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