Welcome to our dedicated page for 1St Source news (Ticker: SRCE), a resource for investors and traders seeking the latest updates and insights on 1St Source stock.
1st Source Corporation reports news around its role as the holding company for 1st Source Bank, a community banking franchise with business and personal banking, payment services, lending, mortgage, leasing, trust and wealth advisory, estate planning, retirement planning and insurance activities. Recurring updates cover net interest income, margin trends, loan and lease growth, credit quality, capital levels and cash dividend declarations.
Company announcements also address Specialty Finance for auto rental and leasing, truck rental and leasing, construction machinery and aircraft, along with Renewable Energy Financing for commercial solar, community solar, municipal, university and energy storage projects. Other recurring items include investor presentations, banking technology platforms, industry rankings and governance or leadership changes at the corporation and bank.
1st Source (NASDAQ: SRCE) was named to the KBW Bank Honor Roll for the eighth consecutive year on May 7, 2026, joining 17 U.S. banks recognized for consistent 10‑year earnings growth. The company reports $9.1 billion in assets and a network of 78 banking centers and related locations.
1st Source Corporation (NASDAQ: SRCE) reported record first quarter 2026 net income of $39.96 million and diluted EPS of $1.63. The Board approved a quarterly cash dividend increase to $0.43 per share and repurchased 338,356 shares for $23.35 million.
Average loans grew to $7.02 billion, tax-equivalent net interest income was $90.29 million, and the allowance for loan losses rose to 2.33% of loans.
1st Source Corporation (NASDAQ:SRCE) was named to Forbes America's Best Banks for the third consecutive year, rising to #11 out of 100 ranked U.S. banks on March 24, 2026. Forbes used 10 equally weighted metrics including growth, profitability, and credit quality.
The company reported assets of $9.1 billion and operates 78 banking centers plus specialty finance, trust, wealth advisory, insurance, and loan production offices across its footprint.
1st Source Corporation (NASDAQ: SRCE) reported record net income of $158.28M for 2025, up 19.34% year-over-year, and fourth-quarter net income of $41.14M, up 30.87% year-over-year. Diluted EPS was a record $6.41 for 2025, up 19.59%. The Board approved a $0.40 cash dividend per share, payable Feb 13, 2026 (record date Feb 3).
Key drivers: average loans +$336.29M (+5.10%) to $6.93B, average deposits +$263.33M (+3.70%) to $7.38B, and tax-equivalent net interest margin of 4.07% (up ~43 bps). Provision and credit metrics remained moderate; allowance for loan losses was 2.30% of loans at year-end.
1st Source Corporation (NASDAQ: SRCE) announced that John Griffith, Executive Vice President and Chief Risk Officer, will retire effective December 31, 2025. Mr. Griffith joined 1st Source in 2001, was elevated to EVP and Chief Risk Officer in 2011, and has served nearly 25 years with the company while retaining chief legal counsel duties.
He retires with over 40 years of business and legal experience, has taught as an adjunct at Notre Dame Law School since 2017, and previously practiced banking and insolvency law in Chicago. 1st Source reports $9.1 billion in assets and a regional footprint of 78 banking centers.
1st Source Bank (NASDAQ: SRCE) announced promotions of two senior leaders effective following recent succession changes. John Bedient was named Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to Operations. Dan Lifferth was named Chief Administrative Officer and Senior Vice President, adding Branch Administration, Community Development, and Administrative Services to his Human Resources oversight.
These moves follow leadership transitions effective October 1, 2025. The corporation reports $9.1 billion in assets and 78 banking centers, underscoring organizational scale.
1st Source Corporation (NASDAQ: SRCE) reported record third-quarter 2025 net income of $42.30 million (+13.34% QoQ, +21.06% YoY) and diluted EPS of $1.71 (+13.25% QoQ, +21.28% YoY). Tax-equivalent net interest income was $88.90 million (up 17.55% YoY) and tax-equivalent net interest margin expanded to 4.09% (up 45 bps YoY). Average loans rose to $7.02 billion (+6.20% YoY) and average deposits were $7.42 billion (+4.06% YoY). The Board approved a quarterly cash dividend increase to $0.40 per share (payable Nov 14, 2025). Results included $1.88 million realized losses from securities sales and a $1.0 million charitable contribution.
1st Source Corporation (NASDAQ:SRCE) announced a significant leadership transition effective October 1, 2025. After 50 years in leadership roles, Christopher J. Murphy III will step down as CEO to become Executive Chairman. Andrea Short, current President of 1st Source Corp and CEO of 1st Source Bank, will become CEO and President of 1st Source Corp while retaining her bank CEO position.
Kevin Murphy, currently Chief Digital Officer and EVP, will become President of 1st Source Bank, representing the fourth generation of Morris family leadership since 1931. The succession plan is part of a long-term strategy to ensure the company's future success. The corporation, with $9.1 billion in assets, operates 78 banking centers and various specialty finance, trust, and insurance locations.
1st Source Corporation (NASDAQ: SRCE) reported Q2 2025 results with net income of $37.32 million ($1.51 per diluted share), showing a slight decrease from Q1 but a 1.43% increase year-over-year. The company declared a quarterly cash dividend of $0.38 per share, up 5.56% from the previous year.
Key highlights include average loan and lease growth of $169.51 million (2.49% quarterly increase), tax-equivalent net interest income of $85.35 million (up 5.25% quarterly), and a net interest margin of 4.01%. The company recorded a provision for credit losses of $7.69 million, with nonperforming assets ratio increasing to 1.06% from 0.63% in Q1 2025.
The quarter included $1.00 million in pre-tax losses from the sale of available-for-sale securities, while maintaining strong capital ratios with a Common Equity Tier 1 ratio of 14.60%.
1st Source Corporation (NASDAQ: SRCE) has announced the promotion of Brian Duba to General Counsel and Secretary of both 1st Source Corporation and 1st Source Bank. Duba, who joined the company as Deputy General Counsel in September 2024, will maintain his Senior Vice President position while managing all legal affairs, regulatory relationships, and providing legal guidance to senior management.
Duba brings extensive legal experience in banking, industrial production, real estate, and corporate law. The former General Counsel and Secretary, John Griffith, will continue as Executive Vice President and Chief Risk Officer, focusing on risk management and oversight functions. 1st Source Corporation currently manages $9.0 billion in assets and operates 78 banking centers, along with various specialty finance, trust, insurance, and loan production locations.