Slide 1: Investor Presentation 1st Quarter 2026
INVESTOR PRESENTATION 1st Quarter 2026 NASDAQ: SRCE | www.1stsource.com
Slide 2: Disclosures
DISCLOSURES Forward-Looking Statements Except for historical information, the matters discussed may include “forward-looking statements.” Those statements are subject to material risks and uncertainties. 1st Source cautions readers not to place undue reliance on any forward-looking statements, which
Slide 3: Corporate Overview
CORPORATE OVERVIEW Founded in 1863 $9.1 billion Community Bank with International Reach headquartered in South Bend, Indiana Community Banking Locations throughout northern Indiana, greater Indianapolis, and southwestern Michigan Business and personal banking, payment services, lending, mortgage
Slide 4: Mission & Vision
MISSION & VISION 4page Mission To help our clients achieve security, build wealth and realize their dreams by offering straight talk, sound advice and keeping their best interests in mind for the long-term. Vision Offer our clients the highest quality service Be the financial institution of choi
Slide 5: Market Area
MARKET AREA 5page Specialty Finance Loans & Leases $3.38 billion Community Bank Loans & Leases $3.71 billion
Slide 6: Business Mix
BUSINESS MIX Loans & Leases 6page COMMUNITY BANKING 52% SPECIALTY FINANCE 48% Business 77% Personal 23%
Slide 7: Community Banking
COMMUNITY BANKING 78 Banking Centers 98 Twenty-four-hour ATMs 9 Trust & Wealth Advisory locations with approximately $6.3 billion of assets under management 13 1st Source Insurance offices 3 Loan Production offices 7page In person OnlineOver the phone Mobile
Slide 8: Renewable Energy Financing
8page RENEWABLE ENERGY FINANCING Our Renewable Energy Financing Division provides sponsors and developers with one-stop-shop financing by providing construction loans, permanent loans, and tax equity investments to community solar, commercial and industrial, small utility scale, university, and muni
Slide 9: Specialty Finance Group
SPECIALTY FINANCE GROUP Auto and Light Truck Division Auto/light truck division provides financing for automobile rental and commercial auto leasing companies, and light truck rental and leasing companies. Medium and Heavy Duty Truck Division The medium and heavy duty truck division finances highway
Slide 10: Highly Rated, Feature-Rich Mobile App
105.3 138.3 153.3 154.0 0 25 50 75 100 125 150 175 Q1 23 Q1 24 Q1 25 Q1 26 Zelle Transactions (000s)7 68.2 71.1 74.8 76.7 45 50 55 60 65 70 75 80 Q1 23 Q1 24 Q1 25 Q1 26 Mobile Users (000s)2 Zelle (P2P) HIGHLY RATED, FEATURE-RICH MOBILE APP Budget & Account Aggregation Other Services: Balance & Tran
Slide 11: Instant Payments
page 11 INSTANT PAYMENTS Launched instant payment systems Real Time Payments (RTP) and FedNow over three phases in 2023: • RTP - Receive & Send - May ‘23 • FedNow - Receive & Send - July ‘23 Send capabilities for instant payments restricted to business clients only Since initial launch, 1st Source
Slide 12: An Experienced and Proven Team
AN EXPERIENCED AND PROVEN TEAM Executive Team 6 executives with an average 36 years each of banking experience and 29 years with 1st Source Business Banking Officers 39 business banking officers with an average 20 years each of lending experience and with 1st Source from 1 to 33 years Specialty Fina
Slide 13: Performance: Client
PERFORMANCE CLIENT Indiana SBA Community Lender Gold Award 2013-2025 #1 SBA Lender Headquartered in State of Indiana with assets of less than $10 billion #1 Deposit share in our 16 contiguous county market #4 Lender of Community Development Loans (Total Dollars) in State of Indiana by Banks Headquar
Slide 14: Performance: Leadership
14page PERFORMANCE LEADERSHIP 2025 Business Reporter Best Banks in America 2024 US News & World Report Best Companies to Work For – Midwest 2025 Leaders in Banking Excellence Award, the Indiana Bankers Association’s highest honor Christopher J. Murphy III Executive Chairman, 1st Source Corporation &
Slide 15: Financial Review
FINANCIAL REVIEW
Slide 16: Core Deposit Franchise
16page 6426 6121 6201 6467 6504 285 836 918 915 688 0.38% 1.77% 2.34% 2.11% 1.84% 0.25% 1.25% 2.25% 3.25% 4.25% 0 2,375 4,750 7,125 9,500 2022 2023 2024 2025 2026 YTD Core Deposits ($MM) Non-core Deposits ($MM) Effective Rate on Deposits (%) CORE DEPOSIT FRANCHISE TOTAL AVERAGE DEPOSITS *Non-core de
Slide 17: Diversified Deposit Mix
17page Time 22% Noninterest- bearing demand 23% Interest- bearing demand 35% Savings 20% Public Fund 19% Brokered 4% Business 28% Consumer (1) 49% (1) Includes business customer certificates of deposit which were immaterial Approximately 228,000 deposit accounts with an average balance of $31,700. O
Slide 18: Deposit Market Share
18page $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 June 19 June 20 June 21 June 22 June 23 June 24 June 25 1st Source Lake City Bank Chase Horizon Bank Fifth Third DEPOSIT MARKET SHARE 16 COUNTY CONTIGUOUS MARKET* Leading Market Share in Community Banking
Slide 19: Growing Loan Portfolio
19page 5567 6204 6598 6935 7023 4.74% 6.25% 6.84% 6.79% 6.55% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 4500 5500 6500 7500 2022 2023 2024 2025 2026 YTD Loans & Leases ($MM) Yield on Loans & Leases - FTE (%)* GROWING LOAN PORTFOLIO Total Average Loans & Leases * See “Reconciliation of non-GAAP Financial M
Slide 20: Diversified Loan Portfolio
20page Commercial Real Estate 18% Residential Real Estate 11% Consumer 2% Medium and Heavy Duty Truck 4% Auto and Light Truck 12%Construction Equipment 17% Aircraft 15% Commercial 21% DIVERSIFIED LOAN PORTFOLIO 2026 Average Loans by Type
Slide 21: Strong Credit Quality
21page 2.32% 2.26% 2.27% 2.30% 2.33% 2022 2023 2024 2025 2026 YTD STRONG CREDIT QUALITY % of Net Loans and Leases Loan & Lease Loss Allowance 0.45% 0.37% 0.46% 1.10% 1.03% 2022 2023 2024 2025 2026 YTD Low Nonperforming Assets 0.03% -0.04% 0.09% 0.06% 0.23% 2022 2023 2024 2025 2026 YTD Limited Losses
Slide 22: Net Income & Earnings Per Share
22page 120.5 124.9 132.6 158.3 37.5 40.0 4.84 5.03 5.36 6.41 1.52 1.63 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $0 $25 $50 $75 $100 $125 $150 $175 2022 2023 2024 2025 2025 YTD 2026 YTD Net Income ($MM) EPCS (Diluted) NET INCOME & EARNINGS PER SHARE
Slide 23: Pre-Tax, Pre-Provision Income
23page 170.0 167.6 183.5 216.9 51.0 58.6 $0 $50 $100 $150 $200 $250 2022 2023 2024 2025 2025 YTD 2026 YTD PRE-TAX, PRE-PROVISION INCOME ($MM) *See “Reconciliation of non-GAAP Financial Measures” in Appendix.
Slide 24: Income Performance Metrics
24page 1.14% 1.53% 1.49% 1.48% 1.52% 1.76% 1.80% 9.41% 13.07% 13.81% 13.48% 12.54% 13.16% 12.53% 10.42% 14.40% 15.28% 14.82% 13.62% 14.14% 13.40% 6.00% 10.00% 14.00% 18.00% 0.80% 1.40% 2.00% 2.60% 3.20% 2020 2021 2022 2023 2024 2025 2026 YTD R O A E an d R O A TE R O A A Return on Average Assets Ret
Slide 25: Net Interest Margin (FTE)
25page 264.1 279.4 301.4 348.8 81.1 90.3 3.45% 3.51% 3.64% 4.07% 3.90% 4.25% 2.25% 3.25% 4.25% 5.25% $0 $75 $150 $225 $300 $375 2022 2023 2024 2025 2025 YTD 2026 YTD Net Interest Income ($MM) Net Interest Margin (%) NET INTEREST MARGIN (FTE)* * See “Reconciliation of non-GAAP Financial Measures” in
Slide 26: Diverse Sources of Noninterest Income
26page Trust, Wealth Advisory, and Retirement Plan Services 31% Other 18% Debit Card 19% Service Charges on Deposit Accounts 15% Insurance Commissions 11% Mortgage Banking 5% Equipment Rental 1% DIVERSE SOURCES OF NONINTEREST INCOME Fair Value of Assets Under Management of $6.3B * Note: Equipment re
Slide 27: Operating Expenses
27page 174.7 194.6 199.5 214.4 52.4 54.1 51.1% 54.2% 51.9% 49.3% 51.3% 48.2% 35.0% 45.0% 55.0% 65.0% $0.0 $50.0 $100.0 $150.0 $200.0 $250.0 2022 2023 2024 2025 2025 YTD 2026 YTD Noninterest Expense ($MM)* Efficiency - Adjusted (%)* OPERATING EXPENSES * Note: Noninterest expense is shown net of lease
Slide 28: Strong Capital Position
16.10% 16.25% 17.08% 18.05% 17.80% 2022 2023 2024 2025 2026 YTD 28page 12.63% 13.26% 14.05% 14.69% 14.90% 2022 2023 2024 2025 2026 YTD STRONG CAPITAL POSITION Tier 1 Leverage Ratio 14.84% 14.99% 15.82% 16.79% 16.54% 2022 2023 2024 2025 2026 YTD Tier 1 Risk Based Ratio Total Risk Based Capital Ratio
Slide 29: Long History of Conservative Capital
29page 17.80% 8.00% 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 1st Source Corp Well-Capitalized LONG HISTORY OF CONSERVATIVE CAPITAL Total Capital (To Risk-Weighted Assets) 10% Well Capitalized
Slide 30: Tangible Book Value Per Common Share
30page $29.18 $31.62 $33.64 $31.63 $37.06 $41.89 $48.88 $49.61 $20.00 $25.00 $30.00 $35.00 $40.00 $45.00 $50.00 $55.00 $60.00 2019 2020 2021 2022 2023 2024 2025 2026 YTD TANGIBLE BOOK VALUE PER COMMON SHARE* * See “Reconciliation of non-GAAP Financial Measures” in Appendix.
Slide 31: Common Dividends Per Share
31page 0.72 0.76 0.96 1.10 1.13 1.21 1.26 1.30 1.40 1.52 0.83 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 YTD COMMON DIVIDENDS PER SHARE 38 YEARS OF CONSECUTIVE DIVIDEND GROWTH
Slide 32: Delivering Returns to Shareholders
32page DELIVERING RETURNS TO SHAREHOLDERS Value of $100 Invested in 1st Source since 1971 Inception with Dividends Reinvested vs. Total Return of Stock Indices
Slide 33: Delivering Returns to Shareholders
33page DELIVERING RETURNS TO SHAREHOLDERS December 31, 2007 – April 17, 2026 321.10% 79.35% 80.95% 109.17% 71.18% (100.00) (50.00) 0.00 50.00 100.00 150.00 200.00 250.00 300.00 350.00 Pr ic e C ha ng e (% ) 1st Source Corp (SRCE) KBW NASDAQ Bank NASDAQ Bank S&P 500 Bank KBW NASDAQ Regional Bank
Slide 34: Performance: Financial
PERFORMANCE FINANCIAL 2019-2026 KBW Bank Honor Roll Eighth consecutive year named among top 5% of banks with more than $500 million in total assets and ten consecutive years of increased earnings per share 2024 S&P Global Market Intelligence’s Top 50 Community Banks #25 with $3B to $10B in assets 20
Slide 35: Investment Considerations
INVESTMENT CONSIDERATIONS Consistent and superior financial performance with a focus on long-term earnings per share and tangible book value growth Experienced and proven team with significant investment in bank Diversification of product mix and geography with asset generation capability Leading ma
Slide 36: Contact Information
CONTACT INFORMATION Christopher J. Murphy III Executive Chairman of the Board 1st Source Corporation and 1st Source Bank (574) 235-2711 Murphy-c@1stsource.com Andrea G. Short President and CEO, 1st Source Corporation CEO, 1st Source Bank (574) 235-2348 shorta@1stsource.com Brett A. Bauer CFO and Tre
Slide 37: Appendix
APPENDIX
Slide 38: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET 38page (Dollars in millions) 2022 2023 2024 2025 2026 YTD Cash and cash equivalents 123$ 130$ 125$ 120$ 119$ Investment securities and other investments* 1,800 1,648 1,560 1,545 1,552 Loans and leases, net of unearned discount 6,015 6,520 6,857 7,051 7,086 Allowance for lo
Slide 39: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT 39page (Dollars in millions) 2022 2023 2024 2025 2025 YTD 2026 YTD Net interest income 263$ 279$ 301$ 348$ 81$ 90$ Provision for credit losses 13 6 12 13 3 7 Noninterest income* 81 84 82 83 22 22 Noninterest expense* 174 195 200 214 52 54 Income before income taxes 157
Slide 40: Aircraft Portfolio Industries by NAICS
40page Transportation & Warehousing 13%Finance & Insurance and Real Estate 18% Services 19% Retail Trade 8% Construction 10% Manufacturing 13% Ag, Forestry, Fishing & Hunting 10% Wholesale Trade 5% Other* 4% * Other includes: Mining, Utilities, and Information AIRCRAFT PORTFOLIO INDUSTRIES BY NAICS
Slide 41: Asset Liability Management
59% 37% 4% 41page Interest Rate Risk Characteristics • Variable rate loans reprice quickly — 90.4% of Variable reprice within 3 months. • Fixed rate loans have short terms • Weighted average remaining life of 2.90 years. • Stable, low-cost deposit funding base — The effective rate on deposits as of
Slide 42: Ownership Summary
42page OWNERSHIP SUMMARY Institution (Top 10 Institutions) Shares % of Total BlackRock Inc. 1,994,079 8.3% Dimensional Fund Advisors LP 1,464,026 6.1% Vanguard Group Inc. 1,316,642 5.5% Charles Schwab Investment Mgmt 690,590 2.9% State Street Global Advisors Inc. 584,640 2.4% Geode Capital Managemen
Slide 43: Reconciliation of Non-GAAP Financial Measures
43page RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Calculation of Yield on Loans and Leases (Dollars in thousands) 2022 2023 2024 2025 2026 YTD (A) Loans and leases interest income (GAAP) 263,677$ 387,143$ 451,115$ 470,768$ 113,348$ (B) Plus: loans and leases fully tax-equivalent adjustments 366 3
Slide 44: Reconciliation of Non-GAAP Financial Measures
44page RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Calculation of Net Interest Margin (Dollars in thousands) 2022 2023 2024 2025 2025 YTD 2026 YTD (A) Interest income (GAAP) 293,816$ 416,907$ 484,017$ 514,394$ 123,304$ 126,133$ (B) Plus: fully tax-equivalent adjustments 628 741 586 612 147 155 (C)
Slide 45: Reconciliation of Non-GAAP Financial Measures
45page RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Calculation of Efficiency Ratio (Dollars in thousands) 2022 2023 2024 2025 2025 YTD 2026 YTD (A) Net interest income (GAAP) 263,469$ 278,647$ 300,817$ 348,175$ 80,938$ 90,138$ (B) Net interest income - FTE 264,097 279,388 301,403 348,787 81,085 90
Slide 46: Reconciliation of Non-GAAP Financial Measures
46page RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Calculation of Tangible Book Value per Common Share (Dollars in thousands, except for per share data) 2019 2020 2021 2022 2023 2024 2025 2026 YTD (A) Total common shareholders' equity (GAAP) 828,277$ 886,845$ 916,255$ 864,068$ 989,568$ 1,111,068$