1st Source Q2 FY26 net income climbs 27.4% to $47.54 million; EPS rises 29.14% to $1.95 - SRCE News | Rallies1st Source Q2 FY26 net income climbs 27.4% to $47.54 million; EPS rises 29.14% to $1.95
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SRCE• Credit costs fall while lending and deposits increase
- Provision for credit losses fell to $1.54 million from $7.27 million in Q1; allowance ratio edged down to 2.3% from 2.33%.
- Average loans and leases increased 1.71% to $7.14 billion; average deposits grew 3.28% to $7.43 billion.
- The quarterly cash dividend rose to $0.45.
1st Source reports record quarterly earnings and higher EPS
- 1st Source posted record Q2 net income of $47.54 million, up 18.99% from Q1 and up 27.4% from a year earlier.
- Diluted EPS rose to $1.95, up 19.63% sequentially and up 29.14% year over year.
- Return on average assets improved to 2.06% from 1.8% in Q1; return on average common equity climbed to 14.66% from 12.53%.
