Brief: 1st Source Q2 EPS USD 1.51

1st Source

24/07/2025 21:01

Overview

1st Source Q2 net income $37.32 mln, up 1.43% yr/yr

Diluted EPS $1.51, up 1.34% yr/yr

Tax-equivalent net interest income up 15.03% yr/yr

Provision for credit losses increased due to loan growth and charge-offs

Outlook

Company remains cautious due to economic uncertainty impacting customer businesses

1st Source highlights solid liquidity and conservative capital position amid uncertainty

Result Drivers

NET INTEREST INCOME - Increased due to higher rates on investment securities and increased average loan and lease balances

CREDIT LOSSES - Provision for credit losses rose due to loan growth, increased net charge-offs, and nonaccrual loans

INVESTMENT LOSSES - Realized losses from strategic repositioning trades in investment portfolio impacted results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$1.51
Q2 Net Income
$37.33 mln
Q2 Net Interest Income
$85.19 mln
Q2 Investments
$1.48 bln
Q2 Pretax Profit
$48.13 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for 1st Source Corp is $67.00, about 5.7% above its July 23 closing price of $63.16

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nNFC98gNgy

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)