1st Source Corporation: 1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
1st Source Corporation (NASDAQ: SRCE) reported record Q2 2026 net income of $47.54 million, up 18.99% from Q1 2026 and 27.40% from Q2 2025. Diluted EPS was $1.95. The board increased the cash dividend to $0.45 per share, payable Aug. 14, 2026. Loans and deposits rose, and credit loss provision fell versus prior quarter.
How this was made
The 30-second read
Why it matters
Record quarterly profitability plus a higher dividend are the primary positive catalysts, while traders will also weigh credit-loss provision improvement and the slight sequential NIM dip.
Market read
This is a direct earnings and capital-return update for SRCE, with specific dividend timing and detailed bank metrics (loans, deposits, NIM, credit losses).
What to watch
The release notes NIM was slightly down sequentially (down 1 bp) and brokered deposits rose QoQ, which can matter for funding stability and future margin pressure.
Background
1st Source Corporation, parent of 1st Source Bank, issued its Q2 2026 results and declared an increased quarterly cash dividend.
Ticker impact
1st Source Corporation reported record Q2 2026 net income of $47.54M and raised its quarterly cash dividend to $0.45 per share.
Mildly positive bias for the next session and into the next earnings follow-through, assuming no adverse credit commentary beyond this release.
The article provides concrete quarterly results (net income, EPS), a specific dividend increase with record and pay dates, and credit quality/provision and NIM metrics that traders typically use to reprice bank earnings power.
Market effects
Adds a datapoint on regional bank profitability, deposit growth, and credit-loss provisioning trends.
Highlights balance-sheet and earnings momentum for a Midwest-focused bank franchise.
Limited, as the disclosure is company-specific and not a macro or cross-border catalyst.
Counterpoint
Dividend hikes can be offset by sensitivity to deposit costs and credit normalization, so the market may focus on NIM drift and any forward credit risk not detailed here.
Key entities
- company1st Source Corporation
Reported record Q2 2026 net income and increased the quarterly cash dividend to $0.45 per share.
- subsidiary1st Source Bank
Operating bank referenced as the entity behind the parent’s performance and balance-sheet commentary.
- executiveAndrea G. Short
CEO who commented on loan/deposit growth, credit quality improvement, and efficiency ratio progress.
