EL7.AI
StocksMedium•23 July 2026•
1 min read

1st Source Corporation Reports Record Q2 Profits and Dividend Increase

Key Facts

11st Source Corporation net income reached $47.54 million in Q2, up 27.40% from the second quarter of 2025.
2Diluted net income per common share rose to $1.95, compared to $1.51 in the prior year's second quarter.

In a move reflecting strong financial performance within the regional banking sector, 1st Source Corporation announced record results for the second quarter of 2026. According to reports, the company's net income reached approximately $47.54 million, representing a 27.40% increase compared to the second quarter of the previous year. Diluted net income per common share also rose to $1.95, up from $1.51 in the prior year's period.

This record growth was driven by an 18.99% increase in net income compared to the previous quarter, reflecting sustained operational efficiency. Based on the available data, the corporation has declared an increased cash dividend for shareholders, a bullish signal for long-term value. These results come at a time when the company's financial metrics show significant improvement in realized returns.

Investors are monitoring upcoming US economic catalysts, such as housing starts and consumer sentiment data, to gauge the broader impact of the macroeconomic environment on regional banking performance.