1st Source (NASDAQ:SRCE) Issues Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Posted by Geri Gentry on Jul 23rd, 2026

1st Source (NASDAQ:SRCE – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.24, FiscalAI reports. 1st Source had a net margin of 26.66% and a return on equity of 12.39%. The business had revenue of $118.16 million during the quarter, compared to analyst estimates of $114.13 million.

1st Source Trading Up 0.4%

Shares of NASDAQ SRCE traded up $0.34 during trading hours on Thursday, hitting $83.18. 191,007 shares of the company traded hands, compared to its average volume of 134,036. The company’s 50 day moving average price is $78.04 and its 200 day moving average price is $72.31. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 12.76 and a beta of 0.58. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. 1st Source has a 12 month low of $56.89 and a 12 month high of $86.64.

Institutional Trading of 1st Source

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of 1st Source by 562.1% during the second quarter. EverSource Wealth Advisors LLC now owns 437 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 371 shares during the period. Quarry LP lifted its holdings in 1st Source by 1,694.4% during the 3rd quarter. Quarry LP now owns 646 shares of the financial services provider’s stock valued at $40,000 after buying an additional 610 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of 1st Source in the fourth quarter valued at approximately $50,000. Tower Research Capital LLC TRC raised its holdings in shares of 1st Source by 435.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,682 shares of the financial services provider’s stock valued at $104,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of 1st Source in the fourth quarter valued at about $128,000. Hedge funds and other institutional investors own 74.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings restated a “buy (a-)” rating on shares of 1st Source in a research note on Thursday, July 2nd. DA Davidson restated a “neutral” rating and set a $74.00 target price on shares of 1st Source in a research report on Monday, April 27th. Finally, Piper Sandler raised their target price 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.00.

Get Our Latest Stock Report on SRCE

1st Source Company Profile

(Get Free Report)

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.