1st Source (SRCE) Projected to Post Quarterly Earnings on Thursday

1st Source (NASDAQ:SRCE) is anticipated to announce its Q1 2026 results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $1.63 per share and revenue of $111.8760 million for the quarter. Investors may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Thursday, April 30, 2026 at 4:00 PM ET.

1st Source (NASDAQ:SRCE) last issued its quarterly earnings data on Friday, January 23rd. The financial services provider reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $115.39 million during the quarter. 1st Source had a net margin of 26.38% and a return on equity of 12.44%. On average, analysts expect 1st Source to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

1st Source Stock Down 2.4%

1st Source stock opened at $72.96 on Wednesday. The stock has a market capitalization of $1.78 billion, a PE ratio of 11.38 and a beta of 0.58. 1st Source has a twelve month low of $54.76 and a twelve month high of $75.64. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $69.76 and a 200-day moving average of $65.54.

1st Source Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Tuesday, February 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, February 3rd. 1st Source’s dividend payout ratio is 24.96%.

Institutional Trading of 1st Source

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of 1st Source by 1.2% in the fourth quarter. Russell Investments Group Ltd. now owns 16,687 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 206 shares during the period. Engineers Gate Manager LP raised its stake in shares of 1st Source by 8.9% in the second quarter. Engineers Gate Manager LP now owns 3,726 shares of the financial services provider’s stock worth $231,000 after buying an additional 304 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of 1st Source by 562.1% in the second quarter. EverSource Wealth Advisors LLC now owns 437 shares of the financial services provider’s stock worth $27,000 after buying an additional 371 shares during the period. Zacks Investment Management raised its stake in shares of 1st Source by 4.2% in the third quarter. Zacks Investment Management now owns 9,613 shares of the financial services provider’s stock worth $592,000 after buying an additional 388 shares during the period. Finally, Man Group plc raised its stake in shares of 1st Source by 3.6% in the fourth quarter. Man Group plc now owns 11,933 shares of the financial services provider’s stock worth $746,000 after buying an additional 413 shares during the period. 74.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of 1st Source from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 6th. Piper Sandler upped their price target on shares of 1st Source from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, DA Davidson upped their price target on shares of 1st Source from $69.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.33.

About 1st Source

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.