1st Source posts record Q3 net income and raises quarterly dividend
1st Source Corporation reported third‑quarter 2026 net income of $49.54 million, a 17.13% increase year over year, and diluted earnings per share of $2.03. The board approved a cash dividend of $0.45 per share, 12.5% higher than the prior year’s payout. Net interest income rose to $95.74 million, up 7.69% from a year earlier, while average loans and leases grew $112.77 million (1.58%) quarter over quarter and $240.08 million (3.42%) year over year. The company also launched a new Payments Hub platform for Treasury Services clients.
Why it matters
The higher dividend signals stronger cash generation and may attract income‑focused investors. Earnings and revenue beat analyst expectations, which could support a positive price reaction.
Key facts
- 1Net income for the quarter was $49.54 million, a 17.13% increase versus the same quarter last year. stocktitan.net
- 2Diluted earnings per share were $2.03. stocktitan.net
- 3The board approved a cash dividend of $0.45 per share, 12.5% higher than the dividend declared a year earlier. stocktitan.net
- 4Average loans and leases rose $112.77 million, or 1.58%, from the prior quarter. stocktitan.net
- 5Average loans and leases increased $240.08 million, or 3.42%, compared with the third quarter of 2025. stocktitan.net
- 6Tax‑equivalent net interest income was $95.74 million, up 7.69% year over year. stocktitan.net
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.