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1st Source Corporation SRCE Q2 2026 earnings

Reported July 23, 2026 · After market close

Revenue$118.2MBeat by $4.0M
EPS$1.95Beat by $0.24
Revenue estimate$114.1M
EPS estimate$1.71
“We are pleased to announce that 1st Source had a record second quarter. During the second quarter of 2026, average loans and leases grew $119.93 million, up 1.71% and average deposits grew $236.03 million, up 3.28%, each from the previous quarter. Credit quality improved during the quarter with fewer net charge-offs, a lower provision for credit losses, and a reduction in nonperforming assets compared to the previous quarter. We were also able to preserve our net interest margin and further improve our efficiency ratio during the quarter. The positive income statement performance during the quarter also allowed us to further strengthen our already robust balance sheet position.”
Andrea G. Short

Next report

Oct 22, 2026 (In 2 weeks)
Revenue estimate$118.1M
EPS estimate$1.83

Financials

Q2 2026

Income statement

See full
Revenue$118.2M+9.2%
Net income$47.5M+27.4%
EPS (diluted)$1.95+29.1%

Balance sheet

See full
Cash & equivalents$127.3M-14.6%
Total debt$199.5M+81.3%
Total equity$1.3B+9.3%
Total assets$9.3B+1.9%

Cash flow

See full
Operating cash flow$50.8M+13.1%
CapEx$1.4M-20.5%
Free cash flow$49.3M+14.6%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$2.07B+39.8%
Enterprise value$2.14B+59.9%
P/E12.1×+2.1×
P/S4.6×+1.1×

Profitability

See full
Net margin37.7%+3.1pp
FCF margin46%-4.5pp

Returns & leverage

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Return on equity13.6%+1.0pp
Debt / equity0.2×+0.1×

Segments

By product

See full
Trust and wealth advisory$8.7M+19.6%
Debit card$4.7M+3.7%
Service charges on deposit accounts$3.4M+7.6%

FAQ

When did 1st Source Corporation report Q2 2026 earnings?
1st Source Corporation (SRCE) reported Q2 2026 earnings on July 23, 2026 after market close.
What were 1st Source Corporation's Q2 2026 revenue and EPS?
1st Source Corporation reported revenue of $118.2M and eps of $1.95 for Q2 2026.
Did 1st Source Corporation beat estimates in Q2 2026?
Revenue beat the consensus estimate of $114.1M by $4.0M. EPS beat the consensus estimate of $1.71 by $0.24.
How did 1st Source Corporation's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 9.2% from $108.2M a year earlier and eps grew 29.1% from $1.51.
Where can I find 1st Source Corporation's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000034782-26-000044) and the 10-Q periodic report (0000034782-26-000045) directly on SEC EDGAR. The filing index links above go to sec.gov.