1st Source Corporation (SRCE)

In December 2025, John Griffith announced his retirement. In January 2026, the company reported record annual earnings and declared a cash dividend. In March 2026, 1st Source Bank was named to Forbes' America's Best Banks List for the third consecutive year. In April 2026, the company reported record first-quarter results, declared an increased cash dividend, and reached a new 52-week high, with positive analyst sentiment. In May 2026, 1st Source was named to the KBW Bank Honor Roll for the eighth consecutive year. As of May 5, 2026, the stock has shown a 16.97% year-to-date return and a 22.88% one-year total shareholder return.

Demand for banking products and services exhibits seasonality, with a period of seasonal strength from late November through mid-April. Key periods include tax deadlines, holiday shopping, and end-of-quarter closings. The beginning of the year is good for marketing interest-bearing accounts, summer months see increased checking account activity, and the second half of the year is better for treasury or cash management accounts. Corporate credit shows seasonal variations, with cheaper rates in late spring and fall. December is generally the least effective month for marketing bank products, while September and October are often the best.

1st Source Corp. operates in the Financial Services sector as a bank holding company for 1st Source Bank, providing financial products and services to individual and business clients, including loans, leasing, treasury management, payment services, checking and savings accounts, financial planning, and insurance products.

The company's headquarters are in South Bend, Indiana. 1st Source Bank operates 79 banking centers across northern Indiana and southwest Michigan. The Specialty Finance Group has 18 locations nationwide, with nine Wealth Advisory Services locations and ten 1st Source Insurance offices. The bank also has a presence in Sarasota County, Florida.

1st Source Corp. has maintained a strong brand reputation, being named to Forbes' America's Best Banks List for the third consecutive year in March 2026 and achieving the KBW Bank Honor Roll for the eighth consecutive year in May 2026. 1st Source consistently receives a 5-star rating from Bauer Financial and has been voted the "Favorite Bank" by local newspaper readers over the last decade. Analyst sentiment is generally positive, with a "Moderate Buy" consensus rating.

1st Source Corp. is primarily owned by institutional shareholders (72.81%) and insiders (58.18%), with retail investors holding 0.00%. Major institutional owners include 1st Source Bank, BlackRock Inc., Dimensional Fund Advisors LP, The Vanguard Group Inc., Charles Schwab Investment Management Inc., State Street Corp., Geode Capital Management LLC, AllianceBernstein L.P., American Century Cos., Inc., and Janus Henderson. Key individual owners include Christopher J. Murphy III (Executive Chairman), Carmen C. Murphy, and 1st Source Bank As Trustee Of The Irrevocable Living Trust Created By Ella L. Morris.