1st Source Corporation reported second-quarter GAAP earnings per share of $1.95, surpassing analyst expectations by $0.24. Revenue reached $118 million, an 8.8% increase year-over-year, exceeding estimates by $3.87 million. The allowance for loan and lease losses rose to $166.35 million as of June 30, 2026, representing 2.30% of total loans and leases, down slightly from 2.33% at March 31, 2026, and unchanged from 2.30% a year earlier. Net charge-offs for the quarter were $0.52 million, compared with $3.96 million in the prior quarter and $1.87 million in the same period last year.
1st Source CorporationQ2 GAAP EPS of $1.95 beat estimates by $0.24, revenue beat by $3.87M, and net charge-offs improved sequentially.