1ST SOURCE CORP reported second-quarter 2026 results with net income available to common shareholders of $47.54M, up from $37.32M a year earlier, and diluted EPS of $1.95 versus $1.51 in Q2 2025.
Financial Highlights
- Net income: $47.54M for Q2 2026 (net income available to common shareholders), up from $37.32M in Q2 2025; YoY change 27.4%.
- Diluted earnings per share: $1.95 for Q2 2026, up from $1.51 in Q2 2025; YoY change 29.1%.
- Net income (YTD): $87.50M for the six months ended June 30, 2026, versus $74.84M in the year-ago six months; YoY change 16.9%.
Business Highlights
- Loan portfolio grew 2.46% year-to-date, led by renewable energy, commercial & agricultural, construction equipment and commercial real estate portfolios.
- Deposits rose about 2.86%, with a shift toward higher interest-bearing and brokered/listing deposits as rate competition intensified across channels.
- Fee income showed momentum, with trust & wealth advisory and debit card fees up, supported by AUM growth to $6.6B and higher transaction volumes.
- Operational adjustments included a 34.6% decline in equipment leasing volume and rental portfolio amid customer preference changes and pricing pressure.
- Management maintained robust liquidity sources and repositioned the investment portfolio to optimize yields amid ongoing origination activity.
Original SEC Filing:
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