1st Source stock: 1st Source reports record profit and raises dividend for 1st Source stock

Published on 10/24/2026 at 01:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net income rose 17.13 percent in the third quarter of 2026. The dividend per 1st Source stock is USD 0.45, payable November 13, 2026.

Quarterly results shape the picture

1st Source reported USD 49.54 million in third-quarter 2026 net income on October 22, 2026.
Piper Sandler lifted its target from USD 88.00 to USD 100.00 on July 28, 2026.
1st Source had a USD 2.1 billion market capitalization as of October 23, 2026.

SRCE, US3369011032, Illustration mit AI erstellt.

1st Source Corporation (ISIN US3369011032) reported record net income of USD 49.54 million for the third quarter of 2026 on October 22, 2026, up 17.13 percent from the year-earlier quarter. The company also approved a quarterly dividend of USD 0.45 per common share, an increase of 12.50 percent from the prior-year dividend, according to 1st Source.

Three earnings events set the sequence

The recent chronology shows a rising earnings base. On July 23, 2026, 1st Source reported diluted earnings per share of USD 1.95 for the second quarter, according to MarketBeat. On July 28, 2026, Piper Sandler raised its price target from USD 88.00 to USD 100.00, the same report said. On October 22, 2026, the company posted USD 49.54 million in third-quarter net income and diluted earnings per share of USD 2.03.

What does the dividend mean?

The dividend decision adds a direct shareholder return to the earnings story. The USD 0.45 payment is 12.50 percent higher than a year earlier, while third-quarter net interest income reached USD 95.74 million, up 7.69 percent year over year. The results included USD 3.82 million in pretax losses from securities sales and a USD 1.00 million charitable contribution, which qualify the profit comparison.

Dates investors can track

The next two substantiated dates concern the dividend. Shareholders of record on November 3, 2026, are scheduled to receive the USD 0.45 payment on November 13, 2026, according to 1st Source. The reporting sequence also leaves investors with a measurable comparison: third-quarter earnings per share were USD 0.32, or 18.71 percent, above the third quarter of 2025.

Valuation follows the earnings test

1st Source operates as a regional bank holding company with commercial banking, wealth management, insurance and specialized lending activities. Its market capitalization was USD 2.1 billion as of October 23, 2026, while the company reported total assets of USD 9.34 billion for the third quarter of 2026. The company is listed on Nasdaq under ticker SRCE, and the latest results provide the clearest operating benchmark for the valuation discussion.