1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $42.30 million for the third quarter of 2025, up 13.34% compared to $37.32 million in the previous quarter and up 21.06% from the $34.94 million reported in the third quarter a year ago. Year-to-date 2025 net income was $117.14 million, up 15.76% compared to $101.19 million during the first nine months of 2024. Diluted net income per common share for the third quarter of 2025 was $1.71, up 13.25% compared to $1.51 in the previous quarter and up 21.28% versus $1.41 in the third quarter of 2024. Diluted net income per common share for the first nine months of 2025 was $4.74 compared to $4.09 a year earlier. The quarterly results were impacted by solid growth in net interest income and lower provision for credit losses offset by realized losses from strategic repositioning trades in the investment portfolio and higher noninterest expense.

At its October 2025 meeting, the Board of Directors approved an increase in the cash dividend of two cents per share, raising the approved dividend for the quarter to $0.40 per common share, up 11.11% from the cash dividend declared a year ago. The cash dividend is payable to shareholders of record on November 4, 2025, and will be paid on November 14, 2025.

1st Source Corporation