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1st Source Delivers Divergent Q2 Results as Regional Banks Report Mixed Performance

1st Source logo1st Source
Sig2.44Sen+2.05Env0.00Soc0.00Gov0.00

Second-quarter earnings season left regional banks with mixed results. For 1st Source, the quarter was labeled exceptional after EPS and net interest income beat estimates, while revenues rose 4.7% year over year to $285.7 million but ran 3.1% below consensus. The bank also posted significant misses on tangible book value per share and net interest income, contributing to sharp stock swings.

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