1ST SOURCE CORP SRCE

Financials SIC 6022 - State Commercial Banks Nasdaq

1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank holding company headquartered in South Bend, Indiana that provides, through its subsidiaries (collectively referred to as "1st Source", the "Company", "we", and "our"), a broad array of financial products and services. 1st Source Bank ("Bank"), its wholly-owned banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients (through 1st Source Insurance, Inc.) from most of our 78 banking center locations in 19 counties in Indiana and Michigan and Sarasota County in Florida. 1st Source Bank's Specialty Finance Group, with 15 locations nationwide, offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types (cars, trucks, vans) for fleet purposes. While our Specialty Finance lending portfolio is concentrated in certain equipment types, we serve a diverse client base. We are not dependent upon any single industry or client. At December 31, 2025, we had consolidated total assets of $9.06 billion, total loans and leases of $7.05 billion, total deposits of $7.23 billion, and total shareholders' equity of $1.27 billion.

Last close 87.23 2026-09-04
Market cap $2.10B 2026-06-30 share count
52-week range 56.89 - 91.46

Valuation FY2025 figures against the last close

P/S4.1x
P/E13.6x
P/FCF9.9x
EV/EBITDA—
Dividend yield1.8%
Diluted EPS6.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $514.4M$484.0M$416.9M$293.8M$254.8M$263.0M$282.9M$257.3M$212.4M$191.8M
Interest expense $348.2M$300.8M$278.6M$263.5M$18.1M$37.2M$59.0M$43.4M$26.8M$22.1M
Pre-tax income $204.4M$171.1M$161.7M$156.8M$154.9M$106.3M$120.2M$105.0M$101.4M$89.1M
Income tax $46.1M$38.4M$36.7M$36.3M$36.3M$24.9M$28.1M$22.6M$33.3M$31.3M
Net income $158.3M$132.6M$124.9M$120.5M$118.6M$81.5M$92.0M$82.4M$68.1M$57.8M
EPS, basic 6.415.365.034.844.703.173.573.162.602.22
EPS, diluted 6.415.365.034.844.703.173.573.162.602.22
Shares, diluted (wtd. avg.) $24.5M$24.5M$24.6M$24.7M$25.0M$25.5M$25.6M$25.9M$25.9M$25.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $119.9M$124.8M$129.7M$122.8M$525.2M$243.0M$83.4M$99.1M$78.0M$108.3M
Property, plant and equipment $58.3M$53.5M$46.2M$44.8M$47.0M$49.4M$52.2M$52.1M$54.6M$56.7M
Goodwill $83.9M$83.9M$83.9M$83.9M$83.9M$83.9M$83.9M$83.9M$83.7M$83.7M
Other intangibles $0$0$20.0K$40.0K$60.0K$80.0K$100.0K$130.0K$60.0K$420.0K
Total assets $9.06B$8.93B$8.73B$8.34B$8.10B$7.32B$6.62B$6.29B$5.89B$5.49B
Short-term debt $238.6M$249.2M$312.4M$215.5M$200.0M$150.6M$145.9M$199.3M$214.6M$291.9M
Total liabilities $7.74B$7.75B$7.66B$7.42B$7.13B$6.39B$5.77B$5.53B$5.17B$4.81B
Retained earnings $1.02B$890.9M$789.8M$694.9M$603.8M$514.2M$463.3M$399.0M$340.0M$290.8M
Total equity $1.27B$1.11B$1.07B$923.8M$969.5M$930.7M$848.6M$763.6M$718.5M$672.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $223.1M$193.9M$187.9M$175.5M$166.8M$154.5M$164.6M$159.7M$139.7M$98.1M
Stock-based compensation $6.2M$5.7M$4.9M$3.6M$4.2M$3.3M$2.8M$3.6M$3.0M$2.9M
Capital expenditure $10.1M$12.4M$6.0M$2.4M$2.9M$2.9M$8.0M$3.1M$5.4M$8.9M
Investing cash flow -$154.2M-$276.6M-$358.3M-$784.9M-$598.6M-$582.7M-$333.9M-$458.0M-$484.6M-$309.8M
Financing cash flow -$73.9M$77.9M$177.2M$207.0M$713.9M$587.8M$153.6M$319.3M$314.7M$240.4M
Dividends paid $38.4M$35.4M$33.1M$32.1M$31.3M$29.8M$29.0M$25.7M$20.4M$19.4M
Buybacks $13.9M$178.0K$12.5M$6.8M$33.1M$6.4M$15.1M$9.3M$41.0K$8.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000034782-26-000011.

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