Brokers Offer Predictions for 1st Source Q3 Earnings

Key Points

• Keefe, Bruyette & Woods forecasts Q3 2026 EPS of $1.84 for 1st Source, while maintaining a “Market Perform” rating and an $82 price target. Analysts’ consensus rating is “Moderate Buy,” with a consensus target price of $89.67.
• 1st Source previously reported Q2 EPS of $1.95, beating estimates of $1.71, while revenue of $118.16 million exceeded expectations of $114.13 million. The stock opened at $84.06 and has traded between $56.89 and $91.46 over the past year.
• The company raised its quarterly dividend to $0.45 per share, representing a $1.80 annualized payout and a 2.1% yield. Institutional investors and hedge funds own 74.45% of the stock.

1st Source Corporation (NASDAQ:SRCE - Free Report) - Equities researchers at Keefe, Bruyette & Woods issued their Q3 2026 earnings per share (EPS) estimates for shares of 1st Source in a note issued to investors on Monday, October 12th. Keefe, Bruyette & Woods analyst D. Delmonte forecasts that the financial services provider will post earnings of $1.84 per share for the quarter. Keefe, Bruyette & Woods currently has a "Market Perform" rating and a $82.00 price target on the stock. The consensus estimate for 1st Source's current full-year earnings is $7.26 per share.

SRCE has been the topic of several other research reports. Weiss Ratings raised shares of 1st Source from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Thursday, October 8th. Zacks Research lowered shares of 1st Source from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. DA Davidson lifted their price objective on shares of 1st Source from $77.00 to $87.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Finally, Piper Sandler lifted their price objective on shares of 1st Source from $88.00 to $100.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $89.67.

1st Source Stock Performance

NASDAQ SRCE opened at $84.06 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $2.02 billion, a P/E ratio of 12.89 and a beta of 0.57. The stock has a 50-day moving average of $86.36 and a two-hundred day moving average of $80.36. 1st Source has a 1-year low of $56.89 and a 1-year high of $91.46.

1st Source (NASDAQ:SRCE - Get Free Report) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.24. The company had revenue of $118.16 million during the quarter, compared to analysts' expectations of $114.13 million. 1st Source had a return on equity of 12.94% and a net margin of 28.09%.

Institutional Trading of 1st Source

A number of hedge funds and other institutional investors have recently bought and sold shares of SRCE. Sequoia Financial Advisors LLC acquired a new position in shares of 1st Source during the 2nd quarter worth about $444,000. Integrated Wealth Concepts LLC purchased a new position in shares of 1st Source in the 2nd quarter valued at about $48,000. Squarepoint Ops LLC increased its holdings in shares of 1st Source by 101.6% in the 2nd quarter. Squarepoint Ops LLC now owns 6,834 shares of the financial services provider's stock valued at $558,000 after acquiring an additional 3,444 shares during the last quarter. Nykredit A S acquired a new stake in shares of 1st Source during the 2nd quarter worth about $27,000. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of 1st Source by 34.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 10,243 shares of the financial services provider's stock worth $836,000 after acquiring an additional 2,641 shares in the last quarter. 74.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at 1st Source

In related news, CFO Brett Bauer sold 500 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $87.89, for a total transaction of $43,945.00. Following the completion of the transaction, the chief financial officer owned 30,706 shares in the company, valued at approximately $2,698,750.34. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 20.17% of the company's stock.

1st Source Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.45 per share. This is an increase from 1st Source's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. 1st Source's dividend payout ratio is presently 27.61%.

1st Source Company Profile

1st Source Corporation is a financial services holding company headquartered in South Bend, Indiana. Through its principal subsidiary, 1st Source Bank, the company provides banking and related financial services to businesses, individuals and organizations.

1st Source Bank offers commercial and consumer lending, deposit accounts, treasury management, mortgage services, and trust and investment services. The bank also provides specialized financing for industries such as aircraft, construction equipment, transportation, marine, agriculture and other commercial markets.

Founded in 1863, 1st Source serves communities primarily across northern Indiana and southwest Michigan through banking offices and specialized lending operations.

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