1ST SOURCE CORP — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
1st Source Corporation reported Q2 2026 net income of $47.54 million (up 27.4% YoY), with diluted EPS of $1.95 (up 29.1% YoY). The Board approved a dividend increase of $0.02/share to $0.45/quarter (up 18.4% YoY). Average loans grew $119.93M (1.71% QoQ) and deposits grew $236.03M (3.28% QoQ); net interest margin improved 23 basis points YoY to 4.24%; credit quality strengthened with lower charge-offs ($0.52M vs. $3.96M prior quarter) and provision decline to $1.54M (vs. $7.27M prior quarter).
Why this rating
Strong sequential and YoY earnings growth, dividend raise, and improved credit metrics are positive. However, at ~$1.2B market cap, a $47.5M quarterly profit and loan/deposit growth of ~1-3% represent solid but ordinary operational performance. No transformational events.
See more from July 23, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.