SRCE

Looking back on regional banks stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including 1st Source (NASDAQ:SRCE) and its peers. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 91 regional banks stocks we track reported a slower Q1. As a group, revenues were in line with analysts’ consensus estimates. While some regional banks stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 3.2% since the latest earnings results. Tracing its roots back to 1863 during the Civil War era, 1st Source Corporation (NASDAQ:SRCE) is a regional bank holding company that provides commercial, consumer, specialty finance, and wealth management services across Indiana, Michigan, and Florida. 1st Source reported revenues of $113.3 million, up 8.7% year on year. This print exceeded analysts’ expectations by 1.1%. Despite the top-line beat, it was still a mixed quarter for the company with a decent beat of analysts’ net interest income estimates but EPS in line with analysts’ estimates. The stock is down 1.2% since reporting and currently trades at $72.35. Is now the time to buy 1st Source? Access our full analysis of the earnings results here, it’s free. With roots dating back to 1913 and a name derived from "United Missouri Bank," UMB Financial (NASDAQ:UMBF) is a financial holding company that provides banking, asset management, and fund services to commercial, institutional, and individual customers. UMB Financial reported revenues of $744.8 million, up 29.3% year on year, outperforming analysts’ expectations by 5.4%. The business had an exceptional quarter with a beat of analysts’ EPS and net intere...

Record financial performance: 1st Source reported 2025 net income up nearly 20% to $158 million and EPS of $6.41, with loans rising to just over $7.0 billion by Q1 2026 and average deposits above $7.3 billion; the bank repurchased ~13 million shares in 2025 and 23 million in Q1 2026 and raised its annual dividend to $1.52 (quarterly to $0.43, a 7.5% increase). CEO succession: Andrea Short became CEO on Oct. 1, 2025 in what management described as a "clean and successful" leadership transition, with the company saying it is well positioned for 2026 due to strong capital, ample liquidity, a diversified client franchise, and prudent risk management. Shareholder approvals: Shareholders re-elected all four director nominees and approved the advisory executive compensation vote, amended incentive and restricted stock plans, and ratified Forvis Mazars as auditor, with 92.61% of shares represented at the meeting. Interested in 1st Source Corporation? Here are five stocks we like better. 1st Source (NASDAQ:SRCE) highlighted record earnings, balance sheet growth, and leadership succession during its 2026 virtual annual shareholders meeting, where investors also approved director elections, executive pay, and several amended incentive and stock plans. Executive Chairman Christopher J. Murphy III opened the meeting by introducing the four directors standing for re-election: Murphy, Timothy Ozark, Todd F. Schurz, and Andrea Short. Murphy outlined each nominee’s professional background and experience, including Ozark’s career in mezzanine lending and leasing, Schurz’s leadership in communications and media, and Short’s decades of experience at 1st Source and in banking and finance roles. → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Murphy also reviewed the matters presented for shareholder vote, which included: Election of four directors Advisory approval of executive compensation Approval of the amended 1982 Executive Incentive Plan Approval of the amended Strategic Deployment Incentive Plan Approval of the amended 1982 Restricted Stock Award Plan Ratification of Forvis Mazars as the company’s accounting firm Chief Financial Officer Brett A. Bauer described 2025 as “a fantastic year,” saying the company “continued to build a fortress-like balance sheet,” maintained “disciplined credit management,” and delivered record earnings while focusing on long...

SOUTH BEND, Ind. (AP) — SOUTH BEND, Ind. (AP) — 1st Source Corp. (SRCE) on Thursday reported net income of $40 million in its first quarter. The South Bend, Indiana-based bank said it had earnings of $1.63 per share. The holding company for 1st Source Bank posted revenue of $149.1 million in the period. Its revenue net of interest expense was $113.1 million, surpassing Street forecasts. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCE at https://www.zacks.com/ap/SRCE

QUARTERLY HIGHLIGHTS Net income was $39.96 million for the quarter, up $2.44 million or 6.49% from the first quarter of 2025 and down $1.19 million or 2.88% from the previous quarter. Diluted net income per common share was $1.63, up $0.11 or 7.24% from the prior year's first quarter of $1.52 and down $0.04 or 2.40% from the previous quarter. Return on average assets was 1.80% for the current quarter, up from 1.72% in the first quarter of 2025 and unchanged from the previous quarter. Return on average common shareholders' equity decreased to 12.53% compared to 13.33% in the first quarter of 2025 and 12.94% in the previous quarter. A cash dividend increase of three cents per share to $0.43 per common share for the quarter was approved, up five cents or 13.16% from the cash dividend declared a year ago. During the first quarter of 2026, 338,356 shares were repurchased for $23.35 million and placed into treasury. Average loans and leases grew $223.81 million, or 3.29% from the first quarter of 2025 and increased $69.67 million or 1.00% from the previous quarter. Average deposits decreased $141.97 million or 1.94% from the first quarter a year ago and decreased $229.44 million or 3.09% from the previous quarter. Average deposits, net of brokered deposits, increased $212.25 million or 3.16% from the first quarter of 2025 and decreased $106.42 million or 1.51% from the previous quarter. Tax-equivalent net interest income was $90.29 million, up $9.21 million, or 11.36% from the first quarter a year ago and down $3.16 million or 3.38% from the previous quarter. Tax-equivalent net interest margin was 4.25%, up 35 basis points from the first quarter of 2025 and down four basis points from the previous quarter. Higher yields on investment securities from portfolio repositioning trades during 2025 helped limit margin contraction partially offset by lower net interest recoveries compared to the previous quarter. Provision for credit losses of $7.27 million was recorded during the quarter compared to $3.27 million during the previous year's first quarter and $0.71 million in the previous quarter. The allowance for loan and lease losses as a percentage of total loans and leases rose to 2.33% at March 31, 2026, up from 2.29% at March 31, 2025 and 2.30% at December 31, 2025. South Bend, Indiana--(Newsfile Corp. - April 23, 2026) - 1st Source Corporation (NASDAQ: SRCE), paren...

1st Source (SRCE) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -0.61%. A quarter ago, it was expected that this holding company for 1st Source Bank would post earnings of $1.62 per share when it actually produced earnings of $1.67, delivering a surprise of +3.09%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 1st Source, which belongs to the Zacks Banks - Midwest industry, posted revenues of $113.14 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.75%. This compares to year-ago revenues of $104.04 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. 1st Source shares have added about 17.1% since the beginning of the year versus the S&P 500's gain of 4.3%. While 1st Source has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for 1st Source was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (...

Commerce Bancshares (CBSH) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +2.49%. A quarter ago, it was expected that this bank holding company would post earnings of $0.99 per share when it actually produced earnings of $1.01, delivering a surprise of +2.02%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Commerce, which belongs to the Zacks Banks - Midwest industry, posted revenues of $475.69 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.44%. This compares to year-ago revenues of $428.05 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Commerce shares have lost about 1.8% since the beginning of the year versus the S&P 500's gain of 3.9%. While Commerce has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Commerce was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong B...

Wintrust Financial (WTFC) came out with quarterly earnings of $3.22 per share, beating the Zacks Consensus Estimate of $2.96 per share. This compares to earnings of $2.69 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.69%. A quarter ago, it was expected that this bank holding company would post earnings of $2.93 per share when it actually produced earnings of $3.15, delivering a surprise of +7.51%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Wintrust, which belongs to the Zacks Banks - Midwest industry, posted revenues of $713.17 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 1.66%. This compares to year-ago revenues of $643.11 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Wintrust shares have added about 6% since the beginning of the year versus the S&P 500's gain of 4.1%. While Wintrust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Wintrust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) s...

Park National (PRK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This financial services holding company is expected to post quarterly earnings of $2.66 per share in its upcoming report, which represents a year-over-year change of +3.5%. Revenues are expected to be $154.2 million, up 18.5% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP rea...

Wall Street expects a year-over-year increase in earnings on higher revenues when 1st Source (SRCE) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This holding company for 1st Source Bank is expected to post quarterly earnings of $1.64 per share in its upcoming report, which represents a year-over-year change of +7.9%. Revenues are expected to be $112.3 million, up 7.9% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a...

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. 1st Source (SRCE) is back in focus after a very strong quarter, with net interest income and EPS ahead of analyst expectations, a fifth straight year of record net income, and 38 consecutive years of dividend growth. See our latest analysis for 1st Source. That strong quarter is arriving after a steady run in the share price, with a 30 day share price return of 8.92% and a 90 day share price return of 16.83%, while the 1 year total shareholder return of 8.72% sits on top of a 5 year total shareholder return of 77.90%. This points to momentum that has been building over several years rather than a short term spike around the recent earnings beat. If record earnings and long dividend history are on your radar, it can be a good moment to broaden your search and look at 23 top founder-led companies as potential next ideas. With the share price already up strongly and the stock trading about 8% below the average analyst target, the key question now is simple: is 1st Source still undervalued, or is the market already pricing in future growth? On a P/E of 10.8x at a last close of $70.47, 1st Source screens as cheaper than many peers, even after the recent share price strength. The P/E ratio compares the share price to earnings per share. For a bank like 1st Source it gives a quick read on how the market is valuing its current profit stream. With earnings growing 20.5% over the past year, 8.2% per year over five years, and profit margins at 37.6%, the current P/E suggests investors are not placing a high premium on that track record. Against the US Banks industry average P/E of 11.9x and a peer group average of 17.1x, 1st Source trades at a clear discount. However, compared to its estimated fair P/E of 10.7x it sits almost exactly in line. This suggests the market may already be close to the level our fair ratio work points to over time. Explore the SWS fair ratio for 1st Source Result: Price-to-Earnings of 10.8x (ABOUT RIGHT) However, investors should continue to monitor for a potential reversal in recent share price momentum and for any changes in credit quality that could weigh on earnings and valuation. Find out about the key risks to this 1st Source narrative. The P/E of 10.8x looks roughly i...

In January 2026, 1st Source Corporation reported full-year 2025 results showing higher net interest income of US$348.18 million and net income of US$158.28 million, alongside lower fourth-quarter net charge-offs of US$0.28 million. The company also lifted its quarterly dividend to US$0.40 per share and completed a share repurchase of 233,033 shares for US$13.99 million, signaling a clear focus on returning capital to shareholders. We will now examine how the earnings growth, highlighted by increased earnings per share and dividend hike, shapes 1st Source's investment narrative. Find companies with promising cash flow potential yet trading below their fair value. To own 1st Source, you need to be comfortable with a steady, fairly traditional regional bank story that currently leans on disciplined lending, tight credit costs and consistent capital returns. The latest full-year numbers, with higher net interest income, rising EPS and lower fourth-quarter net charge-offs of US$0.28 million, broadly support that narrative rather than change it. The 11% dividend increase to US$0.40 per share and completion of a US$13.99 million buyback reinforce shareholder returns as a short term catalyst, especially with the shares still trading below many fair value estimates. However, the strong 2025 result also raises the bar: any pressure on net interest margins, loan growth or credit quality from here could be felt more keenly if expectations have crept higher. However, one key risk could easily catch investors off guard. 1st Source's shares have been on the rise but are still potentially undervalued by 50%. Find out what it's worth. Three Simply Wall St Community valuations range from about US$76 to a very large figure, underlining how differently private investors view 1st Source’s potential. Set against the recent earnings strength and higher capital returns, this spread of opinions gives you a useful contrast when weighing how sensitive the story might be to any future credit or margin pressure. Explore 3 other fair value estimates on 1st Source - why the stock might be worth just $76.33! Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd. A great starting point for your 1st Source research is our analysis highlighting 4 key rewards and 1 important warning sign that could imp...

FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $158.28 million for the year of 2025, up 19.34% from 2024 and was $41.14 million for the fourth quarter of 2025, down 2.73% from the previous quarter and up 30.87% from the fourth quarter of 2024. Diluted net income per common share was $6.41 for the year of 2025, up 19.59% from 2024 and was $1.67 for the fourth quarter of 2025, down 2.34% from the previous quarter and up 31.50% from the prior year's fourth quarter. These results include $5.81 million and $8.68 million in pre-tax losses during the fourth quarter and full year, respectively, from repositioning of available-for-sale securities. Return on average assets increased to 1.76% and return on average common shareholders' equity increased to 13.16% for the full year 2025 from 1.52% and 12.54%, respectively, in 2024. For the fourth quarter of 2025, return on average assets increased to 1.80% and return on average common shareholders' equity increased to 12.94% from 1.42% and 11.21%, respectively, in the fourth quarter of 2024. Cash dividend of $0.40 per common share was approved, up 11.11% from the cash dividend declared a year ago. Average loans and leases grew $336.29 million, up 5.10% during 2025 to $6.93 billion from $6.60 billion in 2024. Average deposits increased $263.33 million, up 3.70% to $7.38 billion during 2025 from $7.12 billion in 2024. Average deposits, net of brokered deposits, increased $338.84 million, up 5.18% to $6.88 billion during 2025 from $6.54 billion in 2024. Tax-equivalent net interest margin was 4.07% for 2025, up 43 basis points from 2024 and was 4.29% for the fourth quarter of 2025, up 20 basis points from the prior quarter and up 51 basis points from the fourth quarter of 2024. Net interest recoveries had a positive 14 basis point impact on the fourth quarter 2025 tax-equivalent net interest margin compared to a positive three basis point impact during the previous quarter and the fourth quarter of 2024. South Bend, Indiana--(Newsfile Corp. - January 22, 2026) - 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record net income of $158.28 million for 2025, an increase of 19.34% compared to $132.62 million earned in 2024. Fourth quarter net income was $41.14 million, an increase of 30.87% compared to $31.44 million earned in the fourth quarter of 2024. Diluted net income per...