EL7.AI
StocksMedium•23 October 2026•
2 min read

1st Source EPS of $2.03 Beats Third-Quarter Estimates

Key Facts

1Earnings per share reached $2.03 in the third quarter of 2026, compared with expectations of $1.83, a difference of $0.20.
2Third-quarter 2026 revenue totaled about $118.84 million, compared with expectations of $118.11 million.
3Earnings per share in the third quarter of 2025 were about $1.71, with revenue of $110.26 million.
4The company reported net income of $47.54 million in the second quarter of 2026.

1st Source reported earnings per share of $2.03 in the third quarter of 2026, according to Investing.com's coverage of its results, while revenue figures also exceeded analysts' estimates. Analysts had expected earnings per share of $1.83 for the same period. The website described the result as "$0.20 better than analysts' estimates," putting reported earnings above expectations. Third-quarter revenue totaled $118.84 million, according to the company's results table published by the website on October 22, 2026. That compared with revenue estimates of $118.11 million, meaning both earnings per share and revenue beat estimates.

Year on year, earnings per share rose from $1.71 in the third quarter of 2025, according to the earnings history published by Investing.com. Revenue also exceeded the $110.26 million recorded in the corresponding period last year, alongside the improvement in earnings per share. In the preceding quarter, the company reported net income of $47.54 million for the second quarter of 2026 in its official earnings release. Diluted earnings per common share for that quarter were $1.95, according to the same release, which said "net income totaled $47.54 million during the quarter." 1st Source is the parent company of 1st Source Bank, and its shares are listed on Nasdaq under the ticker SRCE, according to the company's business description in its first-quarter earnings announcement.

The third-quarter results followed share price target revisions by research firms in July 2026, with the firms maintaining differing ratings. D.A. Davidson raised its price target for 1st Source shares to $87 from $77, according to Investing.com's coverage of the update. The firm maintained its "Neutral" rating despite raising the price target. In a separate update in July 2026, Piper Sandler raised its price target for the shares to $100 from $88, according to the same website. Piper Sandler maintained its "Overweight" rating, with both firms raising their price targets while retaining different recommendations on the stock.