1st Source Q2 FY26 net income climbs 27.4% to $47.54 million; EPS rises 29.14% to $1.95

Reuters2026/07/23 20:03

By:Reuters

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1st Source posted record Q2 net income of $47.54 million, up 18.99% from Q1 and up 27.4% from a year earlier.
Diluted EPS rose to $1.95, up 19.63% sequentially and up 29.14% year over year.
Return on average assets improved to 2.06% from 1.8% in Q1; return on average common equity climbed to 14.66% from 12.53%.
Provision for credit losses fell to $1.54 million from $7.27 million in Q1; allowance ratio edged down to 2.3% from 2.33%.
Average loans and leases increased 1.71% to $7.14 billion; average deposits grew 3.28% to $7.43 billion, while the quarterly cash dividend rose to $0.45.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1st Source Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202607231600NEWSFILECNPR____20260723_306243_1) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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1st Source Q2 FY26 net income climbs 27.4% to $47.54 million; EPS rises 29.14% to $1.95

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