Keefe, Bruyette & Woods Weighs in on 1st Source Q2 Earnings

1st Source Corporation (NASDAQ:SRCE) – Equities researchers at Keefe, Bruyette & Woods issued their Q2 2026 earnings per share (EPS) estimates for 1st Source in a report released on Friday, July 17th. Keefe, Bruyette & Woods analyst D. Delmonte forecasts that the financial services provider will post earnings of $1.73 per share for the quarter. The consensus estimate for 1st Source’s current full-year earnings is $6.81 per share.

Several other research firms have also recently weighed in on SRCE. Weiss Ratings reiterated a “buy (a-)” rating on shares of 1st Source in a research report on Thursday, July 2nd. Piper Sandler boosted their target price on shares of 1st Source from $83.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Finally, DA Davidson restated a “neutral” rating and issued a $74.00 price target on shares of 1st Source in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, 1st Source presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

1st Source Stock Performance

SRCE opened at $83.43 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.96 and a quick ratio of 0.96. The business has a fifty day simple moving average of $77.60 and a 200 day simple moving average of $72.02. 1st Source has a 1 year low of $56.89 and a 1 year high of $86.64. The company has a market capitalization of $2.01 billion, a PE ratio of 12.80 and a beta of 0.58.

1st Source (NASDAQ:SRCE) last announced its earnings results on Thursday, April 23rd. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.01). The firm had revenue of $112.25 million for the quarter, compared to the consensus estimate of $111.88 million. 1st Source had a return on equity of 12.39% and a net margin of 26.66%.

1st Source Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $0.43 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $1.72 annualized dividend and a yield of 2.1%. This is a boost from 1st Source’s previous quarterly dividend of $0.40. 1st Source’s payout ratio is presently 26.38%.

Institutional Trading of 1st Source

A number of institutional investors have recently modified their holdings of SRCE. Janus Henderson Group PLC lifted its position in 1st Source by 37.4% during the first quarter. Janus Henderson Group PLC now owns 460,422 shares of the financial services provider’s stock worth $31,889,000 after purchasing an additional 125,248 shares during the period. Vanguard Group Inc. grew its stake in 1st Source by 10.2% during the fourth quarter. Vanguard Group Inc. now owns 1,316,642 shares of the financial services provider’s stock worth $82,277,000 after buying an additional 122,146 shares in the last quarter. UBS Group AG increased its holdings in 1st Source by 54.9% in the 3rd quarter. UBS Group AG now owns 243,630 shares of the financial services provider’s stock valued at $14,998,000 after buying an additional 86,322 shares during the period. Qube Research & Technologies Ltd increased its holdings in 1st Source by 95.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 161,602 shares of the financial services provider’s stock valued at $10,031,000 after buying an additional 78,994 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of 1st Source by 52.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 168,703 shares of the financial services provider’s stock valued at $10,542,000 after buying an additional 58,135 shares in the last quarter. 74.45% of the stock is currently owned by institutional investors.

1st Source Company Profile

1st Source Corporation is a bank holding company headquartered in South Bend, Indiana, operating through its wholly owned subsidiary, 1st Source Bank. The company offers a full range of commercial and consumer banking products, including checking and savings accounts, business and commercial lending, residential mortgage loans, and cash management services. Its client base spans small and medium-sized businesses, agribusinesses, professional firms, and individual consumers primarily across northern Indiana and southwestern Michigan.

In addition to traditional banking services, 1st Source Corporation provides wealth management and trust services through its 1st Source Wealth Management division.