1st Source (SRCE) to Post Earnings on Thursday

1st Source (NASDAQ:SRCE) is expected to be issuing its Q2 2026 results before the market opens on Thursday, July 23rd. Analysts expect the company to announce earnings of $1.71 per share and revenue of $114.1280 million for the quarter. Individuals can check the company’s upcoming Q2 2026 earning overview 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 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 Stock Down 0.1%

Shares of 1st Source stock opened at $83.35 on Wednesday. 1st Source has a one year low of $56.89 and a one year high of $86.64. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average is $77.82 and its 200 day moving average is $72.17. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 12.78 and a beta of 0.58.

1st Source Increases Dividend

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

Institutional Trading of 1st Source

Several large investors have recently made changes to their positions in SRCE. Charles Schwab Investment Management Inc. raised its stake in 1st Source by 1.3% during the 4th 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 during the period. Geode Capital Management LLC boosted its holdings in 1st Source by 3.0% in the fourth 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 in the last quarter. Janus Henderson Group PLC grew its stake in 1st Source by 49.3% in the fourth quarter. Janus Henderson Group PLC now owns 335,174 shares of the financial services provider’s stock valued at $20,965,000 after acquiring an additional 110,711 shares during the period. UBS Group AG grew its stake in 1st Source by 54.9% in the third quarter. UBS Group AG now owns 243,630 shares of the financial services provider’s stock valued at $14,998,000 after acquiring an additional 86,322 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of 1st Source by 18.9% during 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 in the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.