1st Source Corporation reports stronger-than-expected Q2 results, driven by revenue growth and higher loan loss provisions.
1st Source Corporation posted Q2 GAAP earnings per share of $1.95, exceeding estimates by $0.24. Revenue reached $118 million, up 8.8% year-over-year and $3.87 million above expectations.
The company’s allowance for loan and lease losses rose to $166.35 million as of June 30, 2026, representing 2.30% of total loans and leases. The increase reflects heightened credit risk provisions amid economic uncertainty.
No immediate market reaction was disclosed in the release.