1st Source (SRCE) Projected to Announce Earnings on Thursday

1st Source (NASDAQ:SRCE) is expected to post its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect 1st Source to announce earnings of $1.71 per share and revenue of $114.1280 million for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 23, 2026 at 4:00 PM ET.

1st Source (NASDAQ:SRCE) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.01). 1st Source had a return on equity of 12.39% and a net margin of 26.66%.The firm had revenue of $112.25 million for the quarter, compared to the consensus estimate of $111.88 million. On average, analysts expect 1st Source to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

1st Source Stock Up 0.9%

SRCE opened at $82.23 on Thursday. The stock has a fifty day moving average of $76.96 and a 200-day moving average of $71.59. The company has a market capitalization of $1.98 billion, a P/E ratio of 12.61 and a beta of 0.58. 1st Source has a fifty-two week low of $56.89 and a fifty-two week high of $86.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 0.96.

1st Source Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Tuesday, May 5th were given a dividend of $0.43 per share. This is a positive change from 1st Source’s previous quarterly dividend of $0.40. This represents a $1.72 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, May 5th. 1st Source’s payout ratio is 26.38%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in 1st Source by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 690,590 shares of the financial services provider’s stock worth $43,155,000 after buying an additional 8,614 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of 1st Source by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 498,781 shares of the financial services provider’s stock worth $31,173,000 after acquiring an additional 14,643 shares during the period. Janus Henderson Group PLC boosted its position in shares of 1st Source by 49.3% during the 4th quarter. Janus Henderson Group PLC now owns 335,174 shares of the financial services provider’s stock worth $20,965,000 after acquiring an additional 110,711 shares in the last quarter. UBS Group AG boosted its position in shares of 1st Source by 54.9% during the 3rd quarter. UBS Group AG now owns 243,630 shares of the financial services provider’s stock worth $14,998,000 after acquiring an additional 86,322 shares in the last quarter. Finally, Millennium Management LLC increased its stake in 1st Source by 18.9% in the first quarter. Millennium Management LLC now owns 242,466 shares of the financial services provider’s stock valued at $14,502,000 after acquiring an additional 38,610 shares during the last quarter. Institutional investors and hedge funds own 74.45% of the company’s stock.

Wall Street Analysts Forecast Growth

SRCE has been the subject of a number of recent research reports. DA Davidson reissued a “neutral” rating and issued a $74.00 price objective on shares of 1st Source in a report on Monday, April 27th. Piper Sandler lifted their price target on shares of 1st Source from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, Weiss Ratings reiterated a “buy (a-)” rating on shares of 1st Source in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.00.

1st Source Company Profile

1st Source Corporation is a bank holding company headquartered in South Bend, Indiana, operating through its wholly owned subsidiary, 1st Source Bank. The company offers a full range of commercial and consumer banking products, including checking and savings accounts, business and commercial lending, residential mortgage loans, and cash management services. Its client base spans small and medium-sized businesses, agribusinesses, professional firms, and individual consumers primarily across northern Indiana and southwestern Michigan.

In addition to traditional banking services, 1st Source Corporation provides wealth management and trust services through its 1st Source Wealth Management division.