Piper Sandler analyst Nathan Race raised the firm’s price target on 1st Source (SRCE) to $83 from $80 and keeps an Overweight rating on the shares. The firm notes the company closed out 2025 with another strong quarter that included 7% PPNR upside via greater-than-expected net interest income and net interest margin expansion. While NPAs ticked up, Piper believes credit quality will be a non-issue going forward.
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