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

1st Source (NASDAQ:SRCE) will likely be posting its Q2 2026 results after the market closes 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. Interested persons may visit the 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 issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.01). 1st Source had a return on equity of 12.39% and a net margin of 26.66%.The business had revenue of $112.25 million during 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 Price Performance

NASDAQ SRCE opened at $83.43 on Tuesday. 1st Source has a fifty-two week low of $56.89 and a fifty-two week high of $86.64. The stock’s 50-day moving average is $77.60 and its two-hundred day moving average is $72.02. The firm has a market cap of $2.01 billion, a P/E ratio of 12.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96.

1st Source Increases Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On 1st Source

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 1st Source by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,911 shares of the financial services provider’s stock valued at $653,000 after purchasing an additional 467 shares during the period. Millennium Management LLC lifted its stake in shares of 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 buying an additional 38,610 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 1st Source by 29.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 33,052 shares of the financial services provider’s stock worth $1,977,000 after buying an additional 7,456 shares in the last quarter. Creative Planning acquired a new stake in 1st Source during the second quarter worth about $284,000. Finally, Norges Bank bought a new position in 1st Source during the second quarter valued at about $855,000. 74.45% of the stock is owned by institutional investors.

About 1st Source

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.