Inferra AI / Company / SRCE

1St Source Corp

SRCE · Financials

Last earnings Oct 22, 2026

Key results

Net incomequarter

$42.30 million

Net income was $42.30 million for the quarter, up $4.98 million or 13.34% from the previous quarter and up $7.36 million or 21.06% from the third quarter of 2024.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Growthquarter

up $4.98 million

Net income was $42.30 million for the quarter, up $4.98 million or 13.34% from the previous quarter and up $7.36 million or 21.06% from the third quarter of 2024.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Diluted net incomequarter

$1.71

Diluted net income per common share was $1.71, up $0.20 or 13.25% from the previous quarter and up $0.30 or 21.28% from the prior year s third quarter of $1.41.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

net income of $42.30 million for the third quarter of 2025, up 13.34% compared to $37.32 million in the previous quarter and up 21.06% from the $34.94 million reported in the third quarter a year ago.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Net incomeytd

$117.14 million

Year-to-date 2025 net income was $117.14 million, up 15.76% compared to $101.19 million during the first nine months of 2024.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Diluted net income per common share for the third quarter of 2025 was $1.71, up 13.25% compared to $1.51 in the previous quarter and up 21.28% versus $1.41 in the third quarter of 2024.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Diluted net incomeytd

$4.74

Diluted net income per common share for the first nine months of 2025 was $4.74 compared to $4.09 a year earlier.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

AI analysis

Q3 2025 · reported Oct 23, 2025

Based on: Earnings release + parent 8-K — transcript not held

Net income · Q3 2025

$42.30M

-58.2% -$59M vs year ago computed from stated figures

EX-99 · Oct 23, 2025

Growth · Q3 2025

up $4.98M

EX-99 · Oct 23, 2025

Diluted net income · Q3 2025

$1.71

EX-99 · Oct 23, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Net income	$42.30 million	—	$101.19 million
Growth	up $4.98 million	—	—
Diluted net income	$1.71	—	—

EX-99 · Oct 23, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Net income$42.30M

Growthup $4.98M

Dividend$0.40

htm EX-99.1 Q3'25 EARNINGS RELEASE Document Exhibit 99.1 For Immediate Release Contact Brett Bauer October 23, 2025 574-235-2000 1st Source Corporation Reports Record Third Quarter Results, Increased Cash Dividend Declared QUARTERLY HIGHLIGHTS Net income was $42.30 million for the quarter, up $4.98 million or 13.34% from the previous quarter and up $7.36 million or 21.06% from the third quarter of 2024.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

These results include $1.88 million in pre-tax losses from the sale of approximately $73 million of available-for-sale securities executed in the third quarter as well as a $1.00 million charitable contribution to the 1st Source Foundation

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

A cash dividend increase of two cents per share to $0.40 per common share for the quarter was approved, up 11.11% from the cash dividend declared a year ago.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

At its October 2025 meeting, the Board of Directors approved an increase in the cash dividend of two cents per share, raising the approved dividend for the quarter to $0.40 per common share, up 11.11% from the cash dividend declared a year ago.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The cash dividend is payable to shareholders of record on November 4, 2025, and will be paid on November 14, 2025.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Higher rates on increased average loan and lease balances, and lower short-term borrowing costs led to an eight basis point improvement in our margin from the prior quarter.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The increase from the prior quarter and third quarter of 2024 was primarily due to higher rates on increased average loan and lease balances and lower short-term borrowing costs.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Strategy & priorities

The quarterly results were impacted by solid growth in net interest income and lower provision for credit losses offset by realized losses from strategic repositioning trades in the investment portfolio and higher noninterest expense.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Short, President and Chief Executive Officer, commented, We are pleased that we achieved record quarterly net income during the third quarter and continued net interest margin expansion for the seventh consecutive quarter.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

As part of a long-term, multi-year strategy for succession, Christopher J.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Risks & headwinds

The credit quality challenges we experienced during the second quarter improved moderately during the quarter and our nonperforming asset levels decreased.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

This strength is not new it reflects a long-standing commitment to disciplined financial management and positions us well to navigate ongoing macroeconomic uncertainty affecting our customers and their industries.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Credit The allowance for loan and lease losses decreased to $161.43 million as of September 30, 2025, or 2.32% of total loans and leases primarily as a result of loan and lease runoff and a weakened forward economic outlook with increased uncertainty.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

This 2.32% is an increase compared to 2.30% at June 30, 2025, and 2.30% at September 30, 2024 due to a weakened forward economic outlook with increased uncertainty .

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Those statements, including statements, projections, estimates or assumptions concerning future events or performance, and other statements that are other than statements of historical fact, are subject to material risks and uncertainties.

SEC original ↗1St Source Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Documents

Earnings deck slides

0 decks with slide view

1St Source Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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