1st Source

Q2 FY2026 EarningsQ2 FY2026 delivered a comprehensive beat relative to consensus: revenue of $118.16M (+3.53% vs. expected), GAAP EPS of $1.95 (+13.82% vs. expected), and Book Value per Share of $54.41. Record net income of $47.54M was driven by a significantly lower-than-expected provision for credit losses ($1.54M vs. ~$7.69M prior year) and resilient Net Interest Margin (NIM) of 4.24%. Management also increased the quarterly cash dividend by 18.42% YoY, signaling strong confidence in capital levels and asset quality.