1st Source Earnings Reports

1st Source Corporation reported a net income of $37.32 million for the second quarter of 2025, a slight decrease from the previous quarter but an increase of 1.43% compared to the same period last year. Diluted EPS was $1.51. The company experienced solid growth in net interest income, offset by higher provision for credit losses and realized losses from strategic investment portfolio repositioning.

1st Source Corporation achieved record quarterly net income of $37.52 million in the first quarter of 2025, marking a substantial increase from both the previous quarter and the prior year. This performance was driven by higher rates on investment securities, increased average loan and lease balances, and reduced reliance on high-cost short-term borrowings, leading to an expansion in net interest margin.

1st Source Corporation reported a net income of $29.46 million for Q1 2024, a 3.61% increase from the previous quarter but a 5.36% decrease compared to Q1 2023. Diluted net income per common share was $1.19, up 3.48% from the previous quarter and down 4.80% year-over-year. The board approved a cash dividend of $0.34 per common share, up 6.25% from the previous year.

1st Source Corporation reported a net income of $28.43 million for Q4 2023, a decrease of 8.49% compared to the same quarter last year. Diluted net income per common share for the fourth quarter was $1.15, down 8.00% from the $1.25 earned in the fourth quarter of the previous year.

1st Source Corporation reported record quarterly net income of $32.94 million for the third quarter of 2023, up 0.62% from the third quarter a year ago. The board of directors approved a cash dividend of $0.34 per common share, up 6.25% from the cash dividend declared a year ago.

1st Source Corporation reported a net income of $32.44 million for the second quarter of 2023, a 10.65% increase compared to the same period last year. Diluted net income per common share was $1.30, up 10.17% from $1.18 in the second quarter of 2022.

1st Source Corporation reported a strong first quarter with net income of $31.12 million, up 13.63% from the first quarter of 2022, and diluted net income per common share of $1.25, up 13.63% from $1.10 in the same period last year. Average loans and leases grew by 3.35% from the previous quarter and 13.37% year-over-year. The board approved a cash dividend of $0.32 per common share, a 3.23% increase from the previous year.

1st Source Corporation reported a net income of $31.07 million for Q4 2022, up 12.07% from Q4 2021. Diluted net income per common share was $1.25, up 12.61% from the prior year's fourth quarter. A cash dividend of $0.32 per common share was approved, up 3.23% from the dividend declared a year ago.

1st Source Corporation reported a record quarterly net income of $32.74 million for the third quarter of 2022, an increase of 0.78% from the $32.48 million reported in the third quarter a year ago. Diluted net income per common share for the third quarter of 2022 was $1.32 versus $1.29 in the third quarter of 2021.

1st Source Corporation reported a net income of $29.31 million for the second quarter of 2022, a decrease of 3.01% compared to the second quarter of 2021. Excluding tax-effected PPP income, net income was a record $28.47 million for the quarter, up $1.06 million or 3.87% from the second quarter of 2021. Diluted net income per common share for the second quarter of 2022 was $1.18 versus $1.19 in the second quarter of 2021.

1st Source Corporation reported a decrease in net income for the first quarter of 2022, down 2.54% from the first quarter of 2021. However, average loans and leases net of PPP loans grew, and the net interest margin increased when adjusted for the impact of PPP loans. The company also declared a cash dividend of $0.31 per common share, up 3.33% from the previous year.

1st Source Corporation reported a net income of $27.72 million for the fourth quarter of 2021, up 4.76% from the fourth quarter of 2020. Diluted net income per common share for the fourth quarter was $1.11, up 7.77% from the $1.03 earned in the fourth quarter of the previous year.

1st Source Corporation reported a record quarterly net income of $32.48 million for the third quarter of 2021, a 61.95% increase from the $20.06 million reported in the third quarter of 2020. Diluted net income per common share for the third quarter of 2021 was up 65.38% to $1.29 versus $0.78 in the third quarter of 2020.

1st Source Corporation reported record quarterly net income of $30.22 million for the second quarter of 2021, up 63.35% from the $18.50 million reported in the second quarter a year ago. Diluted net income per common share for the second quarter of 2021 was up 65.28% to $1.19 versus $0.72 in the second quarter of 2020.

1st Source Corporation reported a record quarterly net income of $28.11 million for the first quarter of 2021, a 71.24% increase from the previous year, with diluted net income per common share up 71.88% to $1.10. The Board of Directors approved a cash dividend increase to $0.30 per common share, up 7.14% from last year.

1st Source Corporation reported a net income of $26.46 million for the fourth quarter of 2020, up 20.61% compared to $21.94 million earned in the fourth quarter of 2019. Diluted net income per common share for the fourth quarter was $1.03, up 19.77% from the $0.86 earned in the fourth quarter of the previous year.

1st Source Corporation reported a net income of $20.06 million for Q3 2020, an increase of 8.41% from the previous quarter but a decrease of 17.92% compared to Q3 2019. Diluted net income per common share was $0.78, up from $0.72 in the previous quarter but down from $0.95 in Q3 2019. A cash dividend of $0.28 per common share was approved.

1st Source Corporation reported a net income of $18.50 million for the second quarter of 2020, a decrease of 20.88% compared to the second quarter of 2019. Diluted net income per common share was $0.72, down from $0.91 in the prior year's second quarter. The results reflect the ongoing impact of COVID-19 and the Federal Reserve's interest rate decreases.

1st Source Corporation reported a net income of $16.41 million for Q1 2020, a decrease of 26.05% compared to $22.20 million in Q1 2019. Diluted net income per common share was $0.64, down from $0.86 in the prior year’s first quarter. The results were impacted by an increased provision for loan and lease losses.

1st Source Corporation reported a net income of $21.94 million for Q4 2019, up 2.31% compared to Q4 2018. Diluted net income per common share for the fourth quarter was $0.86, up 4.88% from the $0.82 earned in the fourth quarter of the previous year.