For Q2 FY2026 ended June 30, 2026, 1st Source Corp reported net income of $47.5 million, up 27.4% year-over-year. Diluted EPS was $1.95, a 29.1% increase from the prior year. Equity stood at $1.31 billion.
•Net income of $47.5 million, up 27.4% YoY.
•Diluted EPS of $1.95, up 29.1% YoY.
•Equity of $1.31 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
1st Source is the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States. The company's consumer banking services, which include checking and savings accounts.
Its portfolio also includes certificates of deposit, health savings and individual retirement accounts, online and mobile banking products, consumer loans, real estate mortgage loans, and home equity lines of credit, and financial planning, financial literacy, and consultative services
Debit and credit cards, as well as commercial, small business, agricultural, and real estate loans for financing of industrial and commercial properties, equipment, inventories, accounts receivables, acquisition, and general corporate purposes Commercial leasing, treasury management, payment services, Fedwires, ACH and merchant services, and retirement planning services
Construction and permanent loans and tax equity investments for community solar, commercial and industrial, small utility scale, university, and municipal projects. Additionally, it offers trust, investment, agency, and custodial services for individual, estate and trust, corporate, and not-for-profit customers, as well as employee benefit plans and charitable foundations
Equipment loan and lease products for construction equipment, aircraft, autos and light trucks, and medium and heavy-duty trucks Financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes.
Additionally, it offers property, casualty, individual and group health, and life insurance products and services for individuals and businesses owns and manages available-for-sale investment securities. Founded in 1863, 1st Source is headquartered in South Bend, Indiana.
1st Source Corporation is the bank holding company for 1st Source Bank, offering a wide range of financial services to individual and business clients across the United States. Its consumer banking services include checking and savings accounts, certificates of deposit, health savings and individual retirement accounts, online and mobile banking, consumer loans, real estate mortgage loans, home equity lines of credit, and debit and credit cards. For businesses, it provides commercial, small business, agricultural, and real estate loans for financing industrial and commercial properties, equipment, inventories, accounts receivables, and general corporate purposes. The company also offers commercial leasing, treasury management, payment services, Fedwires, ACH and merchant services, and retirement planning. Additionally, it provides trust, investment, agency, and custodial services for individuals, estates, trusts, corporations, and not-for-profit organizations, as well as equipment loan and lease products for construction equipment, aircraft, and vehicles.
Where is 1st Source Corporation (SRCE) listed and in which currency?
1st Source Corporation is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol SRCE. Its shares are traded in United States Dollars (USD). The company is headquartered in the United States and operates primarily in the US market, serving individual and business clients across the country.
What sector and industry does 1st Source Corporation (SRCE) belong to?
1st Source Corporation operates in the Financial Services sector and is classified under the Banks - Regional industry. As a regional bank holding company, it focuses on providing commercial and consumer banking services, trust and wealth advisory, and insurance products to clients primarily in the United States. Its regional focus allows it to offer personalized services while competing with larger national banks.
What are the main products and services offered by 1st Source Corporation (SRCE)?
1st Source Corporation offers a comprehensive suite of financial products and services. For consumers, it provides checking and savings accounts, certificates of deposit, health savings and individual retirement accounts, online and mobile banking, consumer loans, real estate mortgage loans, home equity lines of credit, and debit/credit cards. For businesses, it offers commercial loans, small business loans, agricultural loans, real estate loans, commercial leasing, treasury management, payment services, Fedwires, ACH and merchant services, and retirement planning. The company also provides trust, investment, agency, and custodial services for individuals, estates, trusts, corporations, and not-for-profit organizations. Additionally, it offers equipment loan and lease products for construction equipment, aircraft, and vehicles, as well as financing for community solar, commercial and industrial, and municipal projects.
How does 1st Source Corporation (SRCE) generate revenue?
1st Source Corporation generates revenue primarily through interest income from its lending activities and fee-based services. The company earns interest on a diverse loan portfolio that includes consumer loans, real estate mortgage loans, home equity lines of credit, commercial loans, small business loans, agricultural loans, and equipment loans/leases. It also earns non-interest income from fees associated with deposit accounts, treasury management, payment services, trust and investment management, and insurance products. Additionally, the company generates revenue from tax equity investments in community solar, commercial and industrial, and municipal projects. By offering a broad range of banking, wealth advisory, and insurance services, 1st Source Corporation diversifies its income streams across both interest and fee-based sources.