1ST SOURCE CORP SRCE

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived 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 87.29 2026-10-23
Market cap $2.10B 2026-06-30 share count
52-week range 58.49 - 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.) 24.5M24.5M24.6M24.7M25.0M25.5M25.6M25.9M25.9M25.9M

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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 191.8M Net income, FY2016: 57.8M Revenue, FY2017: 212.4M Net income, FY2017: 68.1M Revenue, FY2018: 257.3M Net income, FY2018: 82.4M Revenue, FY2019: 282.9M Net income, FY2019: 92M Revenue, FY2020: 263M Net income, FY2020: 81.5M Revenue, FY2021: 254.8M Net income, FY2021: 118.6M Revenue, FY2022: 293.8M Net income, FY2022: 120.5M Revenue, FY2023: 416.9M Net income, FY2023: 124.9M Revenue, FY2024: 484M Net income, FY2024: 132.6M Revenue, FY2025: 514.4M Net income, FY2025: 158.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $191.8M $212.4M $257.3M $282.9M $263.0M $254.8M $293.8M $416.9M $484.0M $514.4M
Gross profit — — — — — — — — — —
Net income $57.8M $68.1M $82.4M $92.0M $81.5M $118.6M $120.5M $124.9M $132.6M $158.3M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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