Earnings ·
Reports $2.03 per share Q3 net income and declares $0.45 quarterly dividend
SRCE1ST Source Corp
1st Source Corporation reported record third-quarter 2026 diluted net income of $2.03 per share, up 18.71% from the prior year's quarter. Net income totaled $49.54 million, driven by a 7.69% increase in tax-equivalent net interest income to $95.74 million and expansion of the net interest margin to 4.28%. The company also announced a quarterly cash dividend of $0.45 per share, payable November 13, 2026, to shareholders of record on November 3, 2026. Average loans and leases grew 3.42% year-over-year, while the provision for credit losses remained stable at $0.90 million. 1st Source Corporation operates as a financial holding company providing consumer and commercial banking services through its subsidiary, 1st Source Bank.