1st Source stock highlights $137 million year-to-date profit
Published on 11/06/2026 at 00:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS1st Source reports stronger year-to-date results
- Net income increased from 117 million US dollars to 137 million US dollars in the first nine months of 2026.
- Diluted earnings per share rose from 4.74 US dollars to 5.62 US dollars.
- Renewable-energy loans and leases exceeded 797 million US dollars at September 30, 2026.
1st Source Corporation reported stronger year-to-date results in an investor presentation attached to a Form 8-K dated Wednesday, November 4, 2026. According to the StockTitan 8-K filing page, the presentation covered operating results through September 30.
Net income reached 137 million US dollars in the first nine months of 2026, compared with 117 million US dollars in the same period of 2025. Diluted earnings per share rose to 5.62 US dollars from 4.74 US dollars, while net interest income increased to 279 million US dollars from 255 million US dollars.
Balance sheet expands alongside earnings
The presentation listed total assets of 9.342 billion US dollars and total deposits of 7.469 billion US dollars at September 30. Loans and leases, net of unearned discount, stood at 7.344 billion US dollars. Pre-tax, pre-provision income rose to 186.8 million US dollars from 162.7 million US dollars in the year-earlier period.
Renewable-energy financing was another highlighted business. Loans and leases in the division exceeded 797 million US dollars, while tax-equity partnership investments topped 212 million US dollars at September 30. The company said the financed projects represented estimated annual avoided emissions of 438,934 metric tons of carbon greenhouse gases.
Dividend record remains central
1st Source also reported 38 consecutive years of dividend growth. The company declared a quarterly cash dividend of 0.45 US dollars per common share in October, with payment scheduled for November 13 to shareholders of record on November 3, according to its third-quarter results release.
Regional bank with specialist finance
1st Source Corporation is headquartered in South Bend, Indiana, and operates community banking, specialty finance, renewable-energy financing, wealth advisory and insurance businesses. Its community banking footprint covers northern Indiana, the greater Indianapolis area and southwestern Michigan, while specialty finance and renewable-energy activities extend nationally and internationally.
The company describes itself as the largest locally controlled financial institution headquartered in the northern Indiana and southwestern Michigan area. In its 16-county community banking market, the presentation placed 1st Source ahead of Lake City Bank, JPMorgan Chase and Fifth Third Bank, making it a regional specialist rather than a nationwide banking group.
1st Source Corporation at a glance
- Company: 1st Source Corporation
- ISIN: US3369011032
- Ticker: SRCE
- Home exchange: Nasdaq
- Sector: Financial Services
- Reporting period: Year to date through September 30, 2026
US equities, including financial stocks, remain framed by the broader S&P 500 market environment.
For more earnings updates and company developments, see More news and analyses on 1st Source stock.
