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1st Source reports Q1 net income up 6.5% YoY, raises dividend, and highlights strong loan growth.

Company Fundamentals
23 Apr 2026
Newsfile Corp
View Source
Bullish
pluang ai news

1st Source Corporation posted a net income of $39.96 million for Q1 2026, a 6.49% increase from the same quarter last year, driven by higher loan balances and improved investment yields. Despite a slight decline from the previous quarter, earnings per share rose 7.24% year-over-year. The company increased its quarterly cash dividend by 3 cents to $0.43 per share, reflecting confidence in its stable financial position. Loan growth was notable in renewable energy, commercial, and agricultural sectors, while deposits slightly declined. The bank maintained strong capital ratios and received several awards recognizing its business and employee excellence. Going forward, 1st Source plans to focus on safety and soundness amid economic uncertainties.

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