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1st Source (SRCE) Reports Q3 Earnings: What Key Metrics Have to Say
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1st Source (SRCE - Free Report) reported $124.1 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 12.1%. EPS of $2.16 for the same period compares to $1.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $117.95 million, representing a surprise of +5.22%. The company delivered an EPS surprise of +18.03%, with the consensus EPS estimate being $1.83.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how 1st Source performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge-offs to average loans and leases: 0% versus 0.2% estimated by two analysts on average.
Net Interest Margin: 4.3% versus 4.2% estimated by two analysts on average.
Efficiency Ratio - expense to revenue: 45.9% versus the two-analyst average estimate of 47.4%.
Net Interest Income (FTE): $95.74 million versus $94.08 million estimated by two analysts on average.
Other: $8.75 million compared to the $4.53 million average estimate based on two analysts.
Trust and wealth advisory: $7.87 million versus the two-analyst average estimate of $7.81 million.
Net Interest Income: $95.59 million compared to the $93.93 million average estimate based on two analysts.
Insurance commissions: $1.92 million versus $1.94 million estimated by two analysts on average.
Total Noninterest Income: $24.7 million compared to the $24.03 million average estimate based on two analysts.
Debit card: $4.74 million compared to the $4.69 million average estimate based on two analysts.
Service charges on deposit accounts: $3.78 million versus $3.48 million estimated by two analysts on average.
Mortgage Banking: $1.01 million versus the two-analyst average estimate of $1.07 million.
Shares of 1st Source have returned +1.7% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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1st Source (SRCE) Reports Q3 Earnings: What Key Metrics Have to Say
1st Source (SRCE - Free Report) reported $124.1 million in revenue for the quarter ended September 2026, representing a year-over-year increase of 12.1%. EPS of $2.16 for the same period compares to $1.71 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $117.95 million, representing a surprise of +5.22%. The company delivered an EPS surprise of +18.03%, with the consensus EPS estimate being $1.83.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how 1st Source performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for 1st Source here>>>
Shares of 1st Source have returned +1.7% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.