Annual Income Statements for 1st Source
This table shows 1st Source's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for 1st Source
This table shows 1st Source's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Consolidated Net Income / (Loss) |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Net Income / (Loss) Continuing Operations |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Total Pre-Tax Income |
|
42 |
41 |
40 |
42 |
43 |
37 |
38 |
48 |
45 |
40 |
48 |
Total Revenue |
|
91 |
95 |
93 |
91 |
94 |
91 |
94 |
97 |
98 |
98 |
104 |
Net Interest Income / (Expense) |
|
69 |
71 |
70 |
69 |
69 |
71 |
72 |
74 |
75 |
79 |
81 |
Total Interest Income |
|
76 |
87 |
94 |
101 |
107 |
115 |
116 |
121 |
123 |
123 |
123 |
Loans and Leases Interest Income |
|
69 |
79 |
87 |
93 |
100 |
107 |
109 |
113 |
115 |
114 |
114 |
Investment Securities Interest Income |
|
7.03 |
7.39 |
7.13 |
6.28 |
6.24 |
6.30 |
6.34 |
6.15 |
6.37 |
7.90 |
8.43 |
Other Interest Income |
|
0.42 |
0.63 |
0.64 |
0.98 |
0.88 |
1.17 |
0.93 |
1.91 |
1.66 |
1.43 |
1.31 |
Total Interest Expense |
|
7.54 |
16 |
25 |
32 |
38 |
43 |
45 |
47 |
48 |
44 |
42 |
Deposits Interest Expense |
|
6.56 |
13 |
21 |
29 |
34 |
39 |
40 |
43 |
44 |
40 |
40 |
Short-Term Borrowings Interest Expense |
|
0.38 |
1.07 |
1.39 |
1.63 |
2.14 |
1.88 |
3.10 |
2.16 |
1.51 |
2.21 |
0.23 |
Long-Term Debt Interest Expense |
|
-0.30 |
1.02 |
1.22 |
0.52 |
0.49 |
1.67 |
0.65 |
0.81 |
1.40 |
0.32 |
1.27 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.90 |
0.97 |
1.02 |
1.03 |
1.06 |
1.07 |
1.06 |
1.06 |
1.05 |
1.04 |
1.01 |
Total Non-Interest Income |
|
22 |
23 |
23 |
23 |
24 |
20 |
22 |
23 |
22 |
18 |
23 |
Service Charges on Deposit Accounts |
|
13 |
13 |
13 |
14 |
13 |
14 |
14 |
15 |
14 |
15 |
14 |
Other Service Charges |
|
5.02 |
6.64 |
6.87 |
5.23 |
8.06 |
6.64 |
5.98 |
5.84 |
5.86 |
5.77 |
7.47 |
Other Non-Interest Income |
|
3.63 |
3.38 |
3.31 |
3.25 |
3.07 |
2.68 |
2.62 |
2.54 |
2.18 |
2.04 |
1.75 |
Provision for Credit Losses |
|
3.17 |
5.34 |
3.05 |
0.05 |
0.86 |
1.91 |
6.60 |
0.06 |
3.11 |
2.71 |
3.27 |
Total Non-Interest Expense |
|
45 |
48 |
49 |
49 |
50 |
53 |
50 |
49 |
49 |
55 |
53 |
Salaries and Employee Benefits |
|
26 |
28 |
29 |
28 |
29 |
30 |
30 |
29 |
31 |
32 |
32 |
Net Occupancy & Equipment Expense |
|
9.76 |
10 |
10 |
10 |
10 |
11 |
11 |
11 |
12 |
12 |
12 |
Marketing Expense |
|
1.42 |
1.47 |
1.97 |
1.65 |
1.20 |
2.34 |
1.74 |
2.03 |
1.67 |
1.44 |
1.93 |
Property & Liability Insurance Claims |
|
0.94 |
0.94 |
1.36 |
1.34 |
1.60 |
1.62 |
1.66 |
1.63 |
1.42 |
1.44 |
1.44 |
Other Operating Expenses |
|
4.60 |
5.99 |
5.38 |
5.70 |
6.46 |
6.60 |
4.68 |
4.72 |
2.66 |
7.43 |
5.02 |
Depreciation Expense |
|
2.23 |
2.11 |
2.02 |
1.88 |
1.67 |
1.52 |
1.29 |
1.00 |
0.91 |
0.88 |
0.72 |
Income Tax Expense |
|
9.70 |
9.96 |
9.29 |
9.63 |
9.73 |
8.11 |
8.43 |
11 |
10 |
8.62 |
10 |
Net Income / (Loss) Attributable to Noncontrolling Interest |
|
0.01 |
-0.01 |
0.01 |
0.01 |
0.00 |
-0.01 |
0.01 |
0.01 |
-0.02 |
-0.00 |
0.00 |
Basic Earnings per Share |
|
$1.32 |
$1.24 |
$1.25 |
$1.30 |
$1.32 |
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
Weighted Average Basic Shares Outstanding |
|
24.66M |
24.70M |
24.69M |
24.69M |
24.66M |
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
Diluted Earnings per Share |
|
$1.32 |
$1.24 |
$1.25 |
$1.30 |
$1.32 |
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
Weighted Average Diluted Shares Outstanding |
|
24.66M |
24.70M |
24.69M |
24.69M |
24.66M |
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
Weighted Average Basic & Diluted Shares Outstanding |
|
24.66M |
24.70M |
24.70M |
24.69M |
24.43M |
24.46M |
24.49M |
24.51M |
24.52M |
24.55M |
24.56M |
Cash Dividends to Common per Share |
|
$0.32 |
$0.32 |
$0.32 |
$0.32 |
$0.32 |
$0.34 |
$0.34 |
$0.34 |
$0.36 |
$0.36 |
$0.36 |
Annual Cash Flow Statements for 1st Source
This table details how cash moves in and out of 1st Source's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-14 |
14 |
29 |
-30 |
21 |
-16 |
160 |
282 |
-402 |
6.87 |
-4.84 |
Net Cash From Operating Activities |
|
72 |
101 |
98 |
140 |
160 |
165 |
154 |
167 |
176 |
188 |
194 |
Net Cash From Continuing Operating Activities |
|
72 |
101 |
98 |
140 |
160 |
165 |
154 |
167 |
176 |
188 |
195 |
Net Income / (Loss) Continuing Operations |
|
58 |
57 |
58 |
68 |
82 |
92 |
81 |
119 |
121 |
125 |
133 |
Consolidated Net Income / (Loss) |
|
58 |
57 |
58 |
68 |
82 |
92 |
81 |
119 |
121 |
125 |
133 |
Provision For Loan Losses |
|
3.73 |
2.16 |
5.83 |
8.98 |
19 |
16 |
36 |
-4.30 |
13 |
5.87 |
12 |
Depreciation Expense |
|
19 |
23 |
27 |
31 |
32 |
31 |
26 |
19 |
15 |
12 |
8.53 |
Amortization Expense |
|
5.63 |
6.08 |
7.34 |
6.54 |
4.43 |
8.37 |
11 |
12 |
8.42 |
7.86 |
5.54 |
Non-Cash Adjustments to Reconcile Net Income |
|
-2.59 |
8.42 |
-2.31 |
3.57 |
4.49 |
-14 |
-13 |
18 |
3.27 |
0.70 |
11 |
Changes in Operating Assets and Liabilities, net |
|
-11 |
3.40 |
2.49 |
22 |
17 |
31 |
13 |
3.42 |
15 |
37 |
24 |
Net Cash From Investing Activities |
|
-129 |
-382 |
-310 |
-485 |
-458 |
-334 |
-583 |
-599 |
-785 |
-358 |
-277 |
Net Cash From Continuing Investing Activities |
|
-129 |
-382 |
-310 |
-485 |
-458 |
-261 |
-583 |
-599 |
-785 |
-358 |
-277 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-36 |
-64 |
-39 |
-51 |
-24 |
-5.54 |
24 |
0.03 |
4.33 |
-1.74 |
-7.56 |
Purchase of Investment Securities |
|
-314 |
-465 |
-523 |
-931 |
-664 |
-744 |
-1,086 |
-1,109 |
-1,120 |
-676 |
-858 |
Sale and/or Maturity of Investments |
|
221 |
147 |
252 |
522 |
244 |
454 |
535 |
535 |
349 |
370 |
624 |
Other Investing Activities, net |
|
- |
- |
- |
-24 |
-14 |
34 |
-55 |
-25 |
-18 |
-51 |
-34 |
Net Cash From Financing Activities |
|
43 |
295 |
240 |
315 |
319 |
154 |
588 |
714 |
207 |
177 |
78 |
Net Cash From Continuing Financing Activities |
|
43 |
295 |
240 |
315 |
319 |
-208 |
588 |
714 |
207 |
177 |
78 |
Net Change in Deposits |
|
149 |
336 |
195 |
419 |
370 |
-126 |
589 |
733 |
249 |
110 |
191 |
Issuance of Debt |
|
7.16 |
0.00 |
80 |
20 |
0.00 |
-53 |
15 |
49 |
16 |
97 |
-63 |
Issuance of Common Equity |
|
0.20 |
0.15 |
0.12 |
0.15 |
0.15 |
0.05 |
0.04 |
0.09 |
0.25 |
0.08 |
0.15 |
Repayment of Debt |
|
-80 |
-14 |
-6.43 |
-104 |
-17 |
-2.70 |
-2.91 |
-13 |
-26 |
-3.45 |
-13 |
Repurchase of Common Equity |
|
-16 |
-9.97 |
-8.03 |
-0.04 |
-9.27 |
-15 |
-6.42 |
-33 |
-6.84 |
-12 |
-0.18 |
Payment of Dividends |
|
-18 |
-18 |
-19 |
-20 |
-26 |
-29 |
-30 |
-31 |
-32 |
-33 |
-35 |
Other Financing Activities, Net |
|
- |
- |
0.00 |
0.00 |
1.51 |
19 |
23 |
9.36 |
6.47 |
19 |
-2.33 |
Cash Interest Paid |
|
19 |
17 |
22 |
26 |
- |
- |
- |
- |
26 |
115 |
176 |
Cash Income Taxes Paid |
|
29 |
30 |
20 |
11 |
- |
- |
- |
- |
23 |
18 |
11 |
Quarterly Cash Flow Statements for 1st Source
This table details how cash moves in and out of 1st Source's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
-164 |
5.19 |
-29 |
19 |
-1.54 |
19 |
-49 |
188 |
-100 |
-45 |
98 |
Net Cash From Operating Activities |
|
45 |
44 |
47 |
45 |
52 |
44 |
42 |
50 |
68 |
34 |
72 |
Net Cash From Continuing Operating Activities |
|
45 |
44 |
47 |
45 |
52 |
44 |
42 |
50 |
69 |
34 |
72 |
Net Income / (Loss) Continuing Operations |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Consolidated Net Income / (Loss) |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Provision For Loan Losses |
|
3.17 |
5.34 |
3.05 |
0.05 |
0.86 |
1.91 |
6.60 |
0.06 |
3.11 |
2.71 |
3.27 |
Depreciation Expense |
|
3.36 |
3.26 |
3.17 |
3.04 |
2.79 |
2.55 |
2.32 |
2.07 |
2.08 |
2.06 |
1.91 |
Amortization Expense |
|
2.08 |
1.92 |
1.85 |
2.20 |
2.04 |
1.77 |
1.71 |
1.71 |
1.40 |
0.72 |
0.28 |
Non-Cash Adjustments to Reconcile Net Income |
|
1.19 |
-3.77 |
1.98 |
-2.31 |
-1.15 |
2.18 |
2.15 |
-0.86 |
1.24 |
8.84 |
0.99 |
Changes in Operating Assets and Liabilities, net |
|
2.25 |
5.99 |
5.67 |
9.35 |
15 |
7.32 |
-0.28 |
10 |
26 |
-12 |
28 |
Net Cash From Investing Activities |
|
-255 |
-210 |
-24 |
-76 |
-110 |
-148 |
-24 |
-32 |
35 |
-256 |
39 |
Net Cash From Continuing Investing Activities |
|
-255 |
-210 |
-24 |
-76 |
-110 |
-148 |
-24 |
-32 |
35 |
-256 |
39 |
Purchase of Property, Leasehold Improvements and Equipment |
|
0.67 |
-1.96 |
-0.81 |
0.41 |
-0.17 |
-1.17 |
1.81 |
-1.77 |
-1.70 |
-5.89 |
-1.61 |
Purchase of Investment Securities |
|
-361 |
-307 |
-138 |
-134 |
-159 |
-245 |
-112 |
-164 |
-108 |
-474 |
-83 |
Sale and/or Maturity of Investments |
|
112 |
100 |
120 |
72 |
60 |
119 |
97 |
140 |
150 |
237 |
128 |
Other Investing Activities, net |
|
-6.84 |
-1.38 |
-5.27 |
-13 |
-11 |
-21 |
-10 |
-5.86 |
-5.48 |
-13 |
-4.51 |
Net Cash From Financing Activities |
|
46 |
172 |
-51 |
50 |
56 |
123 |
-67 |
170 |
-203 |
178 |
-13 |
Net Cash From Continuing Financing Activities |
|
46 |
172 |
-51 |
50 |
56 |
123 |
-67 |
170 |
-203 |
178 |
-13 |
Net Change in Deposits |
|
-124 |
307 |
-127 |
175 |
-9.03 |
71 |
17 |
141 |
-70 |
104 |
188 |
Issuance of Debt |
|
173 |
-125 |
88 |
-115 |
84 |
40 |
-63 |
39 |
-123 |
84 |
-188 |
Issuance of Common Equity |
|
- |
- |
- |
- |
- |
0.00 |
- |
- |
- |
- |
0.00 |
Repayment of Debt |
|
-0.33 |
-1.79 |
-2.73 |
-0.33 |
-0.33 |
-0.07 |
-11 |
-0.28 |
-1.05 |
-0.04 |
-1.73 |
Repurchase of Common Equity |
|
- |
- |
-0.77 |
-1.41 |
-10 |
0.00 |
0.00 |
- |
- |
-0.18 |
-0.46 |
Payment of Dividends |
|
-8.13 |
-8.14 |
-8.14 |
-8.18 |
-8.17 |
-8.59 |
-8.59 |
-8.60 |
-9.11 |
-9.10 |
-9.11 |
Other Financing Activities, Net |
|
5.88 |
-0.59 |
-0.42 |
-0.23 |
-0.32 |
20 |
-1.12 |
-0.34 |
-0.37 |
-0.51 |
-1.51 |
Cash Interest Paid |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
49 |
Cash Income Taxes Paid |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
-20 |
Annual Balance Sheets for 1st Source
This table presents 1st Source's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
4,830 |
5,188 |
5,486 |
5,887 |
6,294 |
6,623 |
7,316 |
8,096 |
8,339 |
8,728 |
8,932 |
Cash and Due from Banks |
|
65 |
65 |
59 |
74 |
95 |
67 |
74 |
54 |
85 |
77 |
77 |
Federal Funds Sold |
|
1.36 |
15 |
50 |
4.40 |
4.17 |
16 |
169 |
471 |
38 |
52 |
48 |
Trading Account Securities |
|
805 |
802 |
866 |
917 |
1,001 |
1,061 |
1,210 |
1,876 |
1,779 |
1,624 |
1,539 |
Loans and Leases, Net of Allowance |
|
3,604 |
3,907 |
4,100 |
4,433 |
4,735 |
4,974 |
5,349 |
5,219 |
5,872 |
6,371 |
6,699 |
Loans and Leases |
|
3,689 |
3,995 |
4,188 |
4,528 |
4,835 |
5,086 |
5,489 |
5,346 |
6,011 |
6,519 |
6,855 |
Allowance for Loan and Lease Losses |
|
85 |
88 |
89 |
95 |
100 |
111 |
141 |
127 |
139 |
148 |
156 |
Premises and Equipment, Net |
|
124 |
164 |
176 |
194 |
187 |
164 |
114 |
95 |
76 |
67 |
65 |
Intangible Assets |
|
85 |
85 |
84 |
84 |
84 |
- |
84 |
84 |
84 |
84 |
84 |
Other Assets |
|
125 |
152 |
153 |
181 |
188 |
256 |
316 |
297 |
405 |
453 |
420 |
Total Liabilities & Shareholders' Equity |
|
4,830 |
5,188 |
5,486 |
5,887 |
6,294 |
6,623 |
7,316 |
8,096 |
8,339 |
8,728 |
8,932 |
Total Liabilities |
|
4,215 |
4,544 |
4,814 |
5,169 |
5,530 |
5,774 |
6,386 |
7,127 |
7,416 |
7,660 |
7,750 |
Non-Interest Bearing Deposits |
|
796 |
902 |
991 |
1,064 |
1,217 |
5,357 |
1,637 |
2,053 |
1,998 |
1,656 |
1,639 |
Interest Bearing Deposits |
|
3,007 |
3,237 |
3,343 |
3,688 |
3,905 |
4,140 |
4,309 |
4,626 |
4,930 |
5,383 |
5,591 |
Federal Funds Purchased and Securities Sold |
|
139 |
131 |
163 |
206 |
114 |
120 |
144 |
195 |
141 |
56 |
72 |
Short-Term Debt |
|
107 |
103 |
129 |
8.76 |
86 |
25 |
7.08 |
5.30 |
74 |
257 |
177 |
Long-Term Debt |
|
115 |
116 |
133 |
129 |
130 |
130 |
141 |
130 |
105 |
107 |
98 |
Other Long-Term Liabilities |
|
52 |
55 |
55 |
73 |
79 |
-4,000 |
148 |
118 |
167 |
202 |
173 |
Total Equity & Noncontrolling Interests |
|
614 |
644 |
673 |
719 |
764 |
849 |
931 |
969 |
924 |
1,068 |
1,182 |
Total Preferred & Common Equity |
|
614 |
644 |
673 |
719 |
762 |
828 |
887 |
916 |
864 |
990 |
1,111 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
614 |
644 |
673 |
719 |
762 |
828 |
887 |
916 |
864 |
990 |
1,111 |
Common Stock |
|
347 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
Retained Earnings |
|
302 |
252 |
291 |
340 |
399 |
463 |
514 |
604 |
695 |
790 |
891 |
Treasury Stock |
|
-44 |
-51 |
-56 |
-55 |
-63 |
-77 |
-82 |
-114 |
-120 |
-130 |
-129 |
Accumulated Other Comprehensive Income / (Loss) |
|
9.41 |
6.56 |
1.34 |
-3.33 |
-11 |
5.17 |
18 |
-9.86 |
-148 |
-106 |
-87 |
Noncontrolling Interest |
|
- |
- |
- |
0.00 |
1.51 |
20 |
44 |
53 |
60 |
79 |
70 |
Quarterly Balance Sheets for 1st Source
This table presents 1st Source's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
8,097 |
8,330 |
8,415 |
8,525 |
8,668 |
8,878 |
8,764 |
8,963 |
Cash and Due from Banks |
|
87 |
67 |
87 |
76 |
42 |
90 |
100 |
88 |
Federal Funds Sold |
|
31 |
27 |
26 |
35 |
39 |
180 |
69 |
135 |
Trading Account Securities |
|
1,804 |
1,716 |
1,664 |
1,608 |
1,586 |
1,526 |
1,567 |
1,504 |
Loans and Leases, Net of Allowance |
|
5,626 |
5,974 |
6,072 |
6,210 |
6,415 |
6,503 |
6,464 |
6,706 |
Loans and Leases |
|
5,762 |
6,117 |
6,215 |
6,354 |
6,563 |
6,653 |
6,616 |
6,863 |
Allowance for Loan and Lease Losses |
|
136 |
143 |
144 |
144 |
148 |
150 |
152 |
157 |
Premises and Equipment, Net |
|
78 |
74 |
71 |
68 |
62 |
62 |
61 |
65 |
Intangible Assets |
|
84 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
Other Assets |
|
388 |
388 |
412 |
444 |
440 |
434 |
419 |
382 |
Total Liabilities & Shareholders' Equity |
|
8,097 |
8,330 |
8,415 |
8,525 |
8,668 |
8,878 |
8,764 |
8,963 |
Total Liabilities |
|
7,211 |
7,361 |
7,435 |
7,542 |
7,586 |
7,763 |
7,589 |
7,743 |
Non-Interest Bearing Deposits |
|
2,047 |
1,815 |
1,722 |
1,681 |
1,618 |
1,579 |
1,636 |
1,651 |
Interest Bearing Deposits |
|
4,574 |
4,986 |
5,255 |
5,287 |
5,437 |
5,617 |
5,490 |
5,766 |
Federal Funds Purchased and Securities Sold |
|
145 |
73 |
69 |
48 |
83 |
71 |
64 |
60 |
Short-Term Debt |
|
195 |
230 |
118 |
224 |
167 |
217 |
102 |
1.15 |
Long-Term Debt |
|
106 |
105 |
105 |
105 |
98 |
98 |
98 |
100 |
Other Long-Term Liabilities |
|
143 |
151 |
165 |
197 |
183 |
181 |
199 |
164 |
Total Equity & Noncontrolling Interests |
|
886 |
968 |
980 |
983 |
1,082 |
1,115 |
1,175 |
1,221 |
Total Preferred & Common Equity |
|
826 |
909 |
921 |
924 |
1,010 |
1,044 |
1,104 |
1,161 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
826 |
909 |
921 |
924 |
1,010 |
1,044 |
1,104 |
1,161 |
Common Stock |
|
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
Retained Earnings |
|
672 |
719 |
744 |
770 |
812 |
842 |
868 |
922 |
Treasury Stock |
|
-120 |
-119 |
-120 |
-131 |
-130 |
-129 |
-129 |
-129 |
Accumulated Other Comprehensive Income / (Loss) |
|
-162 |
-127 |
-140 |
-151 |
-109 |
-106 |
-71 |
-68 |
Noncontrolling Interest |
|
60 |
59 |
59 |
59 |
72 |
71 |
71 |
59 |
Annual Metrics And Ratios for 1st Source
This table displays calculated financial ratios and metrics derived from 1st Source's official financial filings.
Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
1.79% |
4.88% |
3.51% |
9.95% |
9.36% |
4.52% |
1.45% |
2.13% |
5.35% |
4.10% |
4.83% |
EBITDA Growth |
|
1.80% |
8.27% |
4.83% |
12.47% |
1.84% |
12.82% |
-10.01% |
29.34% |
-3.09% |
0.70% |
2.23% |
EBIT Growth |
|
0.60% |
4.88% |
0.64% |
13.73% |
3.62% |
14.40% |
-11.50% |
45.65% |
1.23% |
3.12% |
5.80% |
NOPAT Growth |
|
5.66% |
-1.00% |
0.52% |
17.76% |
21.11% |
11.65% |
-11.47% |
45.54% |
1.67% |
3.65% |
6.15% |
Net Income Growth |
|
5.66% |
-1.00% |
0.52% |
17.76% |
21.11% |
11.65% |
-11.47% |
45.54% |
1.67% |
3.65% |
6.15% |
EPS Growth |
|
6.90% |
0.00% |
2.30% |
17.12% |
21.54% |
12.97% |
-11.20% |
48.27% |
2.98% |
3.93% |
6.56% |
Operating Cash Flow Growth |
|
-16.88% |
39.06% |
-2.53% |
42.46% |
14.31% |
3.08% |
-6.14% |
7.94% |
5.26% |
7.07% |
3.15% |
Free Cash Flow Firm Growth |
|
170.00% |
-45.42% |
-145.56% |
1,132.75% |
-127.72% |
264.14% |
-88.67% |
1,119.12% |
32.53% |
-266.52% |
153.02% |
Invested Capital Growth |
|
0.11% |
3.15% |
8.34% |
-8.41% |
14.38% |
2.58% |
7.36% |
2.45% |
-0.14% |
29.76% |
1.73% |
Revenue Q/Q Growth |
|
1.58% |
1.38% |
0.63% |
3.17% |
6.75% |
-3.93% |
2.24% |
-1.23% |
3.15% |
-0.89% |
1.69% |
EBITDA Q/Q Growth |
|
0.92% |
3.73% |
1.37% |
0.97% |
14.19% |
-7.22% |
5.54% |
-1.22% |
1.52% |
-2.87% |
1.09% |
EBIT Q/Q Growth |
|
0.31% |
3.29% |
0.98% |
0.31% |
20.98% |
-9.89% |
5.54% |
1.38% |
3.12% |
-2.70% |
2.11% |
NOPAT Q/Q Growth |
|
2.25% |
-1.00% |
1.42% |
4.24% |
4.37% |
0.56% |
5.86% |
1.08% |
2.83% |
-2.07% |
2.33% |
Net Income Q/Q Growth |
|
2.25% |
-1.00% |
1.42% |
4.24% |
4.37% |
0.56% |
5.86% |
1.08% |
2.83% |
-2.07% |
2.33% |
EPS Q/Q Growth |
|
7.43% |
0.93% |
1.83% |
4.00% |
4.98% |
0.56% |
6.02% |
1.95% |
2.54% |
-1.57% |
2.10% |
Operating Cash Flow Q/Q Growth |
|
0.94% |
12.22% |
2.29% |
6.79% |
19.73% |
-8.80% |
4.01% |
2.59% |
-9.25% |
0.19% |
-5.19% |
Free Cash Flow Firm Q/Q Growth |
|
2,640.44% |
327.99% |
-112.47% |
246.00% |
-198.51% |
-42.79% |
-78.91% |
18.74% |
292.93% |
-5,905.65% |
62.55% |
Invested Capital Q/Q Growth |
|
1.03% |
-4.10% |
10.92% |
-15.11% |
-6.40% |
-1.62% |
1.52% |
0.27% |
-7.14% |
9.10% |
5.89% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
45.64% |
47.11% |
47.71% |
48.81% |
45.45% |
49.06% |
43.52% |
55.11% |
50.69% |
49.04% |
47.82% |
EBIT Margin |
|
35.45% |
35.45% |
34.46% |
35.65% |
33.78% |
36.97% |
32.25% |
46.00% |
44.20% |
43.78% |
44.19% |
Profit (Net Income) Margin |
|
24.38% |
23.01% |
22.35% |
23.93% |
26.50% |
28.31% |
24.71% |
35.21% |
33.98% |
33.83% |
34.26% |
Tax Burden Percent |
|
68.77% |
64.91% |
64.84% |
67.14% |
78.47% |
76.58% |
76.60% |
76.55% |
76.88% |
77.27% |
77.53% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
31.23% |
35.09% |
35.16% |
32.86% |
21.53% |
23.42% |
23.40% |
23.45% |
23.12% |
22.73% |
22.47% |
Return on Invested Capital (ROIC) |
|
6.95% |
6.77% |
6.43% |
7.60% |
8.98% |
9.28% |
7.82% |
10.86% |
10.92% |
9.86% |
9.18% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
6.95% |
6.77% |
6.43% |
7.60% |
8.98% |
9.28% |
7.82% |
10.86% |
10.92% |
9.86% |
9.18% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.73% |
2.37% |
2.35% |
2.18% |
2.14% |
2.14% |
1.33% |
1.62% |
1.82% |
2.69% |
2.60% |
Return on Equity (ROE) |
|
9.68% |
9.14% |
8.78% |
9.78% |
11.12% |
11.41% |
9.16% |
12.48% |
12.73% |
12.54% |
11.79% |
Cash Return on Invested Capital (CROIC) |
|
6.83% |
3.67% |
-1.58% |
16.38% |
-4.43% |
6.73% |
0.73% |
8.44% |
11.06% |
-16.05% |
7.47% |
Operating Return on Assets (OROA) |
|
1.77% |
1.77% |
1.67% |
1.78% |
1.72% |
1.86% |
1.53% |
2.01% |
1.91% |
1.89% |
1.94% |
Return on Assets (ROA) |
|
1.22% |
1.15% |
1.08% |
1.20% |
1.35% |
1.42% |
1.17% |
1.54% |
1.47% |
1.46% |
1.50% |
Return on Common Equity (ROCE) |
|
9.68% |
9.14% |
8.78% |
9.78% |
11.11% |
11.26% |
8.83% |
11.84% |
11.97% |
11.67% |
11.01% |
Return on Equity Simple (ROE_SIMPLE) |
|
9.45% |
8.93% |
8.59% |
9.47% |
10.81% |
11.11% |
9.19% |
12.94% |
13.95% |
12.63% |
11.94% |
Net Operating Profit after Tax (NOPAT) |
|
58 |
57 |
58 |
68 |
82 |
92 |
81 |
119 |
121 |
125 |
133 |
NOPAT Margin |
|
24.38% |
23.01% |
22.35% |
23.93% |
26.50% |
28.31% |
24.71% |
35.21% |
33.98% |
33.83% |
34.26% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
47.65% |
47.67% |
46.77% |
44.24% |
42.91% |
42.69% |
42.97% |
44.61% |
42.14% |
44.57% |
44.92% |
Operating Expenses to Revenue |
|
62.98% |
63.69% |
63.28% |
61.19% |
59.97% |
58.16% |
56.83% |
55.28% |
52.07% |
54.63% |
52.59% |
Earnings before Interest and Taxes (EBIT) |
|
84 |
89 |
89 |
101 |
105 |
120 |
106 |
155 |
157 |
162 |
171 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
109 |
118 |
123 |
139 |
141 |
159 |
143 |
186 |
180 |
181 |
185 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.95 |
1.00 |
1.41 |
1.48 |
1.16 |
1.38 |
1.04 |
1.23 |
1.43 |
1.32 |
1.28 |
Price to Tangible Book Value (P/TBV) |
|
1.10 |
1.15 |
1.61 |
1.68 |
1.31 |
1.54 |
1.15 |
1.36 |
1.58 |
1.44 |
1.39 |
Price to Revenue (P/Rev) |
|
2.45 |
2.58 |
3.66 |
3.75 |
2.85 |
3.53 |
2.79 |
3.36 |
3.48 |
3.52 |
3.68 |
Price to Earnings (P/E) |
|
10.03 |
11.21 |
16.36 |
15.67 |
10.76 |
12.47 |
11.31 |
9.53 |
10.24 |
10.42 |
10.73 |
Dividend Yield |
|
2.91% |
2.91% |
1.97% |
1.85% |
2.81% |
2.45% |
3.14% |
2.66% |
2.52% |
2.44% |
2.41% |
Earnings Yield |
|
9.97% |
8.92% |
6.11% |
6.38% |
9.29% |
8.02% |
8.84% |
10.49% |
9.77% |
9.60% |
9.32% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.86 |
0.91 |
1.18 |
1.31 |
1.03 |
1.23 |
0.81 |
0.72 |
1.22 |
1.13 |
1.13 |
Enterprise Value to Revenue (EV/Rev) |
|
3.01 |
3.14 |
4.25 |
3.96 |
3.23 |
3.81 |
2.64 |
2.36 |
3.81 |
4.37 |
4.25 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.60 |
6.66 |
8.91 |
8.11 |
7.11 |
7.78 |
6.06 |
4.27 |
7.51 |
8.91 |
8.88 |
Enterprise Value to EBIT (EV/EBIT) |
|
8.50 |
8.85 |
12.33 |
11.11 |
9.57 |
10.32 |
8.18 |
5.12 |
8.61 |
9.98 |
9.61 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
12.36 |
13.63 |
19.02 |
16.54 |
12.19 |
13.47 |
10.67 |
6.69 |
11.20 |
12.92 |
12.39 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
9.92 |
7.79 |
11.21 |
8.06 |
6.29 |
7.53 |
5.63 |
4.76 |
7.69 |
8.59 |
8.48 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
12.57 |
25.14 |
0.00 |
7.67 |
0.00 |
18.58 |
115.01 |
8.61 |
11.05 |
0.00 |
15.24 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.36 |
0.34 |
0.39 |
0.19 |
0.28 |
0.18 |
0.16 |
0.14 |
0.19 |
0.34 |
0.23 |
Long-Term Debt to Equity |
|
0.19 |
0.18 |
0.20 |
0.18 |
0.17 |
0.15 |
0.15 |
0.13 |
0.11 |
0.10 |
0.08 |
Financial Leverage |
|
0.39 |
0.35 |
0.37 |
0.29 |
0.24 |
0.23 |
0.17 |
0.15 |
0.17 |
0.27 |
0.28 |
Leverage Ratio |
|
7.96 |
7.96 |
8.11 |
8.18 |
8.22 |
8.01 |
7.83 |
8.11 |
8.68 |
8.57 |
7.85 |
Compound Leverage Factor |
|
7.96 |
7.96 |
8.11 |
8.18 |
8.22 |
8.01 |
7.83 |
8.11 |
8.68 |
8.57 |
7.85 |
Debt to Total Capital |
|
26.54% |
25.35% |
28.04% |
16.07% |
22.02% |
15.51% |
13.70% |
12.25% |
16.26% |
25.37% |
18.87% |
Short-Term Debt to Total Capital |
|
12.79% |
11.89% |
13.80% |
1.02% |
8.75% |
2.53% |
0.66% |
0.48% |
6.72% |
17.92% |
12.14% |
Long-Term Debt to Total Capital |
|
13.75% |
13.46% |
14.24% |
15.05% |
13.26% |
12.98% |
13.04% |
11.77% |
9.55% |
7.45% |
6.72% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.15% |
2.03% |
4.06% |
4.82% |
5.41% |
5.50% |
4.84% |
Common Equity to Total Capital |
|
73.46% |
74.65% |
71.96% |
83.93% |
77.83% |
82.46% |
82.24% |
82.94% |
78.33% |
69.13% |
76.30% |
Debt to EBITDA |
|
2.04 |
1.86 |
2.12 |
0.99 |
1.53 |
0.98 |
1.03 |
0.73 |
1.00 |
2.01 |
1.48 |
Net Debt to EBITDA |
|
1.24 |
1.18 |
1.25 |
0.43 |
0.82 |
0.45 |
-0.66 |
-2.10 |
0.31 |
1.29 |
0.81 |
Long-Term Debt to EBITDA |
|
1.06 |
0.99 |
1.08 |
0.93 |
0.92 |
0.82 |
0.98 |
0.70 |
0.59 |
0.59 |
0.53 |
Debt to NOPAT |
|
3.82 |
3.80 |
4.54 |
2.02 |
2.62 |
1.69 |
1.81 |
1.14 |
1.49 |
2.91 |
2.07 |
Net Debt to NOPAT |
|
2.32 |
2.42 |
2.66 |
0.88 |
1.41 |
0.79 |
-1.17 |
-3.29 |
0.47 |
1.87 |
1.13 |
Long-Term Debt to NOPAT |
|
1.98 |
2.02 |
2.30 |
1.89 |
1.58 |
1.42 |
1.73 |
1.10 |
0.87 |
0.85 |
0.74 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.10% |
1.36% |
3.61% |
5.11% |
5.96% |
6.95% |
6.63% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
57 |
31 |
-14 |
147 |
-41 |
67 |
7.56 |
92 |
122 |
-203 |
108 |
Operating Cash Flow to CapEx |
|
203.47% |
157.19% |
251.21% |
271.54% |
660.85% |
2,972.30% |
0.00% |
0.00% |
0.00% |
10,807.13% |
2,565.21% |
Free Cash Flow to Firm to Interest Expense |
|
3.13 |
1.72 |
-0.64 |
5.48 |
-0.94 |
1.13 |
0.20 |
5.08 |
4.02 |
-1.47 |
0.59 |
Operating Cash Flow to Interest Expense |
|
3.97 |
5.54 |
4.44 |
5.22 |
3.68 |
2.79 |
4.15 |
9.20 |
5.78 |
1.36 |
1.06 |
Operating Cash Flow Less CapEx to Interest Expense |
|
2.02 |
2.02 |
2.67 |
3.30 |
3.12 |
2.70 |
4.79 |
9.20 |
5.93 |
1.35 |
1.02 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
2.05 |
1.73 |
1.53 |
1.54 |
1.63 |
1.85 |
2.37 |
3.21 |
4.13 |
5.16 |
5.89 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
836 |
863 |
935 |
856 |
979 |
1,004 |
1,078 |
1,105 |
1,103 |
1,431 |
1,456 |
Invested Capital Turnover |
|
0.29 |
0.29 |
0.29 |
0.32 |
0.34 |
0.33 |
0.32 |
0.31 |
0.32 |
0.29 |
0.27 |
Increase / (Decrease) in Invested Capital |
|
0.96 |
26 |
72 |
-79 |
123 |
25 |
74 |
26 |
-1.60 |
328 |
25 |
Enterprise Value (EV) |
|
718 |
783 |
1,099 |
1,126 |
1,005 |
1,240 |
869 |
793 |
1,350 |
1,614 |
1,643 |
Market Capitalization |
|
583 |
645 |
945 |
1,066 |
887 |
1,147 |
921 |
1,130 |
1,234 |
1,301 |
1,423 |
Book Value per Share |
|
$25.75 |
$24.69 |
$26.00 |
$27.70 |
$29.35 |
$32.47 |
$34.71 |
$36.95 |
$35.04 |
$40.51 |
$45.32 |
Tangible Book Value per Share |
|
$22.17 |
$21.45 |
$22.75 |
$24.48 |
$26.11 |
$29.18 |
$31.42 |
$33.57 |
$31.64 |
$37.07 |
$41.90 |
Total Capital |
|
836 |
863 |
935 |
856 |
979 |
1,004 |
1,078 |
1,105 |
1,103 |
1,431 |
1,456 |
Total Debt |
|
222 |
219 |
262 |
138 |
216 |
156 |
148 |
135 |
179 |
363 |
275 |
Total Long-Term Debt |
|
115 |
116 |
133 |
129 |
130 |
130 |
141 |
130 |
105 |
107 |
98 |
Net Debt |
|
135 |
139 |
154 |
60 |
117 |
72 |
-95 |
-390 |
57 |
234 |
150 |
Capital Expenditures (CapEx) |
|
36 |
64 |
39 |
51 |
24 |
5.54 |
-24 |
-0.03 |
-4.33 |
1.74 |
7.56 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
222 |
219 |
262 |
138 |
216 |
156 |
148 |
135 |
179 |
363 |
275 |
Total Depreciation and Amortization (D&A) |
|
24 |
29 |
34 |
37 |
36 |
39 |
37 |
31 |
23 |
19 |
14 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.39 |
$2.17 |
$2.22 |
$2.60 |
$3.16 |
$3.57 |
$3.17 |
$4.70 |
$4.84 |
$5.03 |
$5.36 |
Adjusted Weighted Average Basic Shares Outstanding |
|
23.88M |
25.88M |
25.91M |
25.95M |
25.80M |
25.53M |
25.30M |
24.75M |
24.70M |
24.46M |
24.55M |
Adjusted Diluted Earnings per Share |
|
$2.39 |
$2.17 |
$2.22 |
$2.60 |
$3.16 |
$3.57 |
$3.17 |
$4.70 |
$4.84 |
$5.03 |
$5.36 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
23.88M |
25.88M |
25.91M |
25.95M |
25.80M |
25.53M |
25.30M |
24.75M |
24.70M |
24.46M |
24.55M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
23.88M |
25.88M |
25.91M |
25.95M |
25.80M |
25.53M |
25.30M |
24.75M |
24.70M |
24.46M |
24.55M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
58 |
57 |
58 |
68 |
82 |
92 |
81 |
119 |
121 |
125 |
133 |
Normalized NOPAT Margin |
|
24.38% |
23.01% |
22.35% |
23.93% |
26.50% |
28.31% |
24.71% |
35.21% |
33.98% |
33.83% |
34.26% |
Pre Tax Income Margin |
|
35.45% |
35.45% |
34.46% |
35.65% |
33.78% |
36.97% |
32.25% |
46.00% |
44.20% |
43.78% |
44.19% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.63 |
4.88 |
4.03 |
3.79 |
2.42 |
2.04 |
2.86 |
8.54 |
5.17 |
1.17 |
0.93 |
NOPAT to Interest Expense |
|
3.19 |
3.17 |
2.61 |
2.54 |
1.90 |
1.56 |
2.19 |
6.54 |
3.97 |
0.90 |
0.72 |
EBIT Less CapEx to Interest Expense |
|
2.68 |
1.35 |
2.27 |
1.87 |
1.86 |
1.94 |
3.49 |
8.54 |
5.31 |
1.16 |
0.89 |
NOPAT Less CapEx to Interest Expense |
|
1.24 |
-0.36 |
0.85 |
0.62 |
1.34 |
1.47 |
2.82 |
6.54 |
4.11 |
0.89 |
0.68 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
30.38% |
31.53% |
33.60% |
30.02% |
31.17% |
31.54% |
36.54% |
26.43% |
26.63% |
26.47% |
26.69% |
Augmented Payout Ratio |
|
58.53% |
48.87% |
47.50% |
30.08% |
42.42% |
47.93% |
44.41% |
54.38% |
32.31% |
36.45% |
26.82% |
Quarterly Metrics And Ratios for 1st Source
This table displays calculated financial ratios and metrics derived from 1st Source's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
3.67% |
12.92% |
12.23% |
5.79% |
3.02% |
-3.51% |
1.27% |
6.56% |
4.53% |
7.05% |
10.60% |
EBITDA Growth |
|
-3.56% |
6.20% |
9.44% |
6.95% |
-0.82% |
-11.57% |
-7.75% |
8.87% |
2.91% |
4.87% |
19.00% |
EBIT Growth |
|
0.54% |
13.10% |
14.84% |
10.33% |
0.53% |
-10.95% |
-6.25% |
13.43% |
6.37% |
9.68% |
25.89% |
NOPAT Growth |
|
0.81% |
11.97% |
13.61% |
10.63% |
0.59% |
-8.50% |
-5.36% |
13.43% |
6.00% |
10.63% |
27.36% |
Net Income Growth |
|
0.81% |
11.97% |
13.61% |
10.63% |
0.59% |
-8.50% |
-5.36% |
13.43% |
6.00% |
10.63% |
27.36% |
EPS Growth |
|
2.33% |
10.71% |
13.64% |
10.17% |
0.00% |
-6.45% |
-4.80% |
14.62% |
6.82% |
9.48% |
27.73% |
Operating Cash Flow Growth |
|
141.87% |
-29.02% |
12.08% |
-0.83% |
16.45% |
0.83% |
-10.44% |
11.64% |
31.06% |
-24.02% |
71.10% |
Free Cash Flow Firm Growth |
|
-642.17% |
2,353.27% |
-479.45% |
-252.86% |
-70.71% |
-1,018.41% |
93.76% |
-27.75% |
68.89% |
102.22% |
557.20% |
Invested Capital Growth |
|
7.82% |
-0.14% |
23.78% |
17.67% |
10.44% |
29.76% |
3.31% |
18.80% |
4.82% |
1.73% |
-1.86% |
Revenue Q/Q Growth |
|
5.39% |
4.17% |
-1.95% |
-1.73% |
2.64% |
-2.44% |
2.92% |
3.40% |
0.68% |
-0.09% |
6.33% |
EBITDA Q/Q Growth |
|
8.25% |
-3.54% |
-1.62% |
4.11% |
0.38% |
-13.98% |
2.63% |
22.86% |
-5.12% |
-12.34% |
16.45% |
EBIT Q/Q Growth |
|
11.30% |
-3.36% |
-1.46% |
4.09% |
1.41% |
-14.40% |
3.74% |
25.95% |
-4.91% |
-11.73% |
19.07% |
NOPAT Q/Q Growth |
|
11.64% |
-5.16% |
0.24% |
4.23% |
1.52% |
-13.73% |
3.68% |
24.92% |
-5.14% |
-9.96% |
19.36% |
Net Income Q/Q Growth |
|
11.64% |
-5.16% |
0.24% |
4.23% |
1.52% |
-13.73% |
3.68% |
24.92% |
-5.14% |
-9.96% |
19.36% |
EPS Q/Q Growth |
|
11.86% |
-6.06% |
0.81% |
4.00% |
1.54% |
-12.12% |
2.59% |
25.21% |
-5.37% |
-9.93% |
19.69% |
Operating Cash Flow Q/Q Growth |
|
-0.80% |
-2.24% |
7.00% |
-4.44% |
16.49% |
-15.36% |
-4.96% |
19.13% |
36.76% |
-50.93% |
114.02% |
Free Cash Flow Firm Q/Q Growth |
|
-155.01% |
161.17% |
-771.53% |
32.34% |
38.57% |
-229.07% |
95.44% |
-1,285.00% |
85.04% |
123.45% |
841.22% |
Invested Capital Q/Q Growth |
|
16.12% |
-7.14% |
18.16% |
-7.65% |
8.99% |
9.10% |
-5.92% |
6.20% |
-3.84% |
5.89% |
-9.24% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
52.65% |
48.76% |
48.92% |
51.82% |
50.69% |
44.69% |
44.56% |
52.95% |
49.90% |
43.78% |
47.95% |
EBIT Margin |
|
46.67% |
43.30% |
43.51% |
46.09% |
45.54% |
39.96% |
40.28% |
49.06% |
46.34% |
40.94% |
45.85% |
Profit (Net Income) Margin |
|
36.01% |
32.78% |
33.51% |
35.54% |
35.16% |
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
Tax Burden Percent |
|
77.15% |
75.72% |
77.02% |
77.12% |
77.20% |
77.81% |
77.76% |
77.12% |
76.93% |
78.47% |
78.66% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
22.85% |
24.28% |
22.98% |
22.88% |
22.80% |
22.19% |
22.24% |
22.88% |
23.07% |
21.53% |
21.34% |
Return on Invested Capital (ROIC) |
|
10.82% |
10.53% |
10.38% |
11.81% |
10.48% |
9.06% |
8.76% |
10.81% |
10.10% |
8.61% |
10.73% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
10.82% |
10.53% |
10.38% |
11.81% |
10.48% |
9.06% |
8.76% |
10.81% |
10.10% |
8.61% |
10.73% |
Return on Net Nonoperating Assets (RNNOA) |
|
2.62% |
1.75% |
2.58% |
2.10% |
3.54% |
2.47% |
2.56% |
2.78% |
2.48% |
2.44% |
1.71% |
Return on Equity (ROE) |
|
13.44% |
12.28% |
12.95% |
13.91% |
14.02% |
11.53% |
11.32% |
13.60% |
12.58% |
11.06% |
12.44% |
Cash Return on Invested Capital (CROIC) |
|
2.71% |
11.06% |
-10.71% |
-4.80% |
0.28% |
-16.05% |
6.05% |
-7.49% |
4.94% |
7.47% |
12.42% |
Operating Return on Assets (OROA) |
|
2.00% |
1.87% |
1.94% |
2.07% |
2.04% |
1.73% |
1.76% |
2.14% |
2.04% |
1.79% |
2.07% |
Return on Assets (ROA) |
|
1.54% |
1.42% |
1.50% |
1.60% |
1.58% |
1.35% |
1.37% |
1.65% |
1.57% |
1.41% |
1.62% |
Return on Common Equity (ROCE) |
|
12.67% |
11.55% |
12.17% |
13.07% |
13.12% |
10.73% |
10.60% |
12.75% |
11.82% |
10.32% |
11.74% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.19% |
0.00% |
13.67% |
13.83% |
13.80% |
0.00% |
12.21% |
12.23% |
11.74% |
0.00% |
12.11% |
Net Operating Profit after Tax (NOPAT) |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
NOPAT Margin |
|
36.01% |
32.78% |
33.51% |
35.54% |
35.16% |
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
41.30% |
41.52% |
43.77% |
44.09% |
43.16% |
47.29% |
44.61% |
43.33% |
45.39% |
46.34% |
44.12% |
Operating Expenses to Revenue |
|
49.85% |
51.07% |
53.20% |
53.86% |
53.54% |
57.95% |
52.71% |
50.88% |
50.49% |
56.29% |
51.01% |
Earnings before Interest and Taxes (EBIT) |
|
42 |
41 |
40 |
42 |
43 |
37 |
38 |
48 |
45 |
40 |
48 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
48 |
46 |
45 |
47 |
47 |
41 |
42 |
52 |
49 |
43 |
50 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.30 |
1.43 |
1.11 |
1.07 |
1.08 |
1.32 |
1.24 |
1.24 |
1.31 |
1.28 |
1.26 |
Price to Tangible Book Value (P/TBV) |
|
1.44 |
1.58 |
1.23 |
1.18 |
1.19 |
1.44 |
1.35 |
1.34 |
1.42 |
1.39 |
1.36 |
Price to Revenue (P/Rev) |
|
3.11 |
3.48 |
2.77 |
2.68 |
2.68 |
3.52 |
3.37 |
3.43 |
3.81 |
3.68 |
3.70 |
Price to Earnings (P/E) |
|
9.13 |
10.24 |
8.14 |
7.77 |
7.84 |
10.42 |
10.14 |
10.11 |
11.19 |
10.73 |
10.44 |
Dividend Yield |
|
2.88% |
2.52% |
3.10% |
3.19% |
3.16% |
2.44% |
2.58% |
2.54% |
2.33% |
2.41% |
2.37% |
Earnings Yield |
|
10.95% |
9.77% |
12.29% |
12.87% |
12.76% |
9.60% |
9.86% |
9.89% |
8.94% |
9.32% |
9.58% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.11 |
1.22 |
1.01 |
0.96 |
0.97 |
1.13 |
1.12 |
0.98 |
1.13 |
1.13 |
1.06 |
Enterprise Value to Revenue (EV/Rev) |
|
3.82 |
3.81 |
3.59 |
3.14 |
3.43 |
4.37 |
4.06 |
3.74 |
4.08 |
4.25 |
3.54 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
7.42 |
7.51 |
7.14 |
6.21 |
6.85 |
8.91 |
8.48 |
7.74 |
8.48 |
8.88 |
7.28 |
Enterprise Value to EBIT (EV/EBIT) |
|
8.64 |
8.61 |
8.09 |
6.99 |
7.68 |
9.98 |
9.46 |
8.54 |
9.27 |
9.61 |
7.77 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
11.21 |
11.20 |
10.55 |
9.11 |
10.01 |
12.92 |
12.21 |
11.03 |
11.98 |
12.39 |
9.99 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
6.80 |
7.69 |
7.26 |
6.44 |
6.81 |
8.59 |
8.23 |
7.48 |
7.59 |
8.48 |
6.29 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
42.29 |
11.05 |
0.00 |
0.00 |
364.45 |
0.00 |
18.79 |
0.00 |
23.40 |
15.24 |
8.48 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.34 |
0.19 |
0.35 |
0.23 |
0.33 |
0.34 |
0.25 |
0.28 |
0.17 |
0.23 |
0.08 |
Long-Term Debt to Equity |
|
0.12 |
0.11 |
0.11 |
0.11 |
0.11 |
0.10 |
0.09 |
0.09 |
0.08 |
0.08 |
0.08 |
Financial Leverage |
|
0.24 |
0.17 |
0.25 |
0.18 |
0.34 |
0.27 |
0.29 |
0.26 |
0.25 |
0.28 |
0.16 |
Leverage Ratio |
|
8.72 |
8.68 |
8.66 |
8.70 |
8.89 |
8.57 |
8.29 |
8.25 |
8.01 |
7.85 |
7.66 |
Compound Leverage Factor |
|
8.72 |
8.68 |
8.66 |
8.70 |
8.89 |
8.57 |
8.29 |
8.25 |
8.01 |
7.85 |
7.66 |
Debt to Total Capital |
|
25.39% |
16.26% |
25.71% |
18.59% |
25.08% |
25.37% |
19.69% |
22.05% |
14.55% |
18.87% |
7.65% |
Short-Term Debt to Total Capital |
|
16.44% |
6.72% |
17.62% |
9.83% |
17.05% |
17.92% |
12.40% |
15.20% |
7.43% |
12.14% |
0.09% |
Long-Term Debt to Total Capital |
|
8.95% |
9.55% |
8.09% |
8.76% |
8.03% |
7.45% |
7.29% |
6.85% |
7.12% |
6.72% |
7.56% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
5.08% |
5.41% |
4.55% |
4.91% |
4.48% |
5.50% |
5.32% |
4.99% |
5.16% |
4.84% |
4.47% |
Common Equity to Total Capital |
|
69.53% |
78.33% |
69.74% |
76.50% |
70.44% |
69.13% |
74.99% |
72.96% |
80.29% |
76.30% |
87.88% |
Debt to EBITDA |
|
1.70 |
1.00 |
1.82 |
1.20 |
1.77 |
2.01 |
1.49 |
1.74 |
1.09 |
1.48 |
0.52 |
Net Debt to EBITDA |
|
1.04 |
0.31 |
1.31 |
0.59 |
1.17 |
1.29 |
1.04 |
0.25 |
0.17 |
0.81 |
-0.63 |
Long-Term Debt to EBITDA |
|
0.60 |
0.59 |
0.57 |
0.56 |
0.56 |
0.59 |
0.55 |
0.54 |
0.54 |
0.53 |
0.52 |
Debt to NOPAT |
|
2.57 |
1.49 |
2.70 |
1.76 |
2.58 |
2.91 |
2.15 |
2.47 |
1.54 |
2.07 |
0.72 |
Net Debt to NOPAT |
|
1.57 |
0.47 |
1.94 |
0.87 |
1.71 |
1.87 |
1.49 |
0.36 |
0.24 |
1.13 |
-0.87 |
Long-Term Debt to NOPAT |
|
0.91 |
0.87 |
0.85 |
0.83 |
0.83 |
0.85 |
0.80 |
0.77 |
0.76 |
0.74 |
0.71 |
Noncontrolling Interest Sharing Ratio |
|
5.72% |
5.96% |
6.03% |
6.00% |
6.37% |
6.95% |
6.39% |
6.22% |
6.01% |
6.63% |
5.68% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-53 |
33 |
-219 |
-148 |
-91 |
-300 |
-14 |
-190 |
-28 |
6.65 |
63 |
Operating Cash Flow to CapEx |
|
0.00% |
2,236.31% |
5,762.98% |
0.00% |
30,863.31% |
3,789.70% |
0.00% |
2,817.70% |
4,011.85% |
569.43% |
4,456.42% |
Free Cash Flow to Firm to Interest Expense |
|
-7.08 |
2.07 |
-8.81 |
-4.63 |
-2.39 |
-6.94 |
-0.31 |
-4.02 |
-0.59 |
0.15 |
1.48 |
Operating Cash Flow to Interest Expense |
|
5.94 |
2.77 |
1.88 |
1.40 |
1.37 |
1.02 |
0.94 |
1.06 |
1.43 |
0.77 |
1.69 |
Operating Cash Flow Less CapEx to Interest Expense |
|
6.03 |
2.65 |
1.85 |
1.41 |
1.36 |
0.99 |
0.98 |
1.02 |
1.40 |
0.63 |
1.66 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.05 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
Fixed Asset Turnover |
|
3.91 |
4.13 |
4.51 |
4.85 |
5.11 |
5.16 |
5.43 |
5.67 |
5.89 |
5.89 |
6.25 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
1,188 |
1,103 |
1,304 |
1,204 |
1,312 |
1,431 |
1,347 |
1,430 |
1,375 |
1,456 |
1,322 |
Invested Capital Turnover |
|
0.30 |
0.32 |
0.31 |
0.33 |
0.30 |
0.29 |
0.28 |
0.29 |
0.28 |
0.27 |
0.30 |
Increase / (Decrease) in Invested Capital |
|
86 |
-1.60 |
250 |
181 |
124 |
328 |
43 |
226 |
63 |
25 |
-25 |
Enterprise Value (EV) |
|
1,314 |
1,350 |
1,311 |
1,160 |
1,277 |
1,614 |
1,506 |
1,407 |
1,552 |
1,643 |
1,406 |
Market Capitalization |
|
1,070 |
1,234 |
1,011 |
990 |
1,000 |
1,301 |
1,250 |
1,290 |
1,450 |
1,423 |
1,469 |
Book Value per Share |
|
$33.50 |
$35.04 |
$36.81 |
$37.30 |
$37.44 |
$40.51 |
$41.29 |
$42.61 |
$45.05 |
$45.32 |
$47.30 |
Tangible Book Value per Share |
|
$30.10 |
$31.64 |
$33.41 |
$33.90 |
$34.04 |
$37.07 |
$37.86 |
$39.18 |
$41.63 |
$41.90 |
$43.89 |
Total Capital |
|
1,188 |
1,103 |
1,304 |
1,204 |
1,312 |
1,431 |
1,347 |
1,430 |
1,375 |
1,456 |
1,322 |
Total Debt |
|
302 |
179 |
335 |
224 |
329 |
363 |
265 |
315 |
200 |
275 |
101 |
Total Long-Term Debt |
|
106 |
105 |
105 |
105 |
105 |
107 |
98 |
98 |
98 |
98 |
100 |
Net Debt |
|
184 |
57 |
241 |
111 |
218 |
234 |
184 |
46 |
31 |
150 |
-122 |
Capital Expenditures (CapEx) |
|
-0.67 |
1.96 |
0.81 |
-0.41 |
0.17 |
1.17 |
-1.81 |
1.77 |
1.70 |
5.89 |
1.61 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
302 |
179 |
335 |
224 |
329 |
363 |
265 |
315 |
200 |
275 |
101 |
Total Depreciation and Amortization (D&A) |
|
5.44 |
5.17 |
5.02 |
5.23 |
4.82 |
4.32 |
4.03 |
3.78 |
3.49 |
2.78 |
2.18 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.32 |
$1.24 |
$1.25 |
$1.30 |
$1.32 |
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
Adjusted Weighted Average Basic Shares Outstanding |
|
24.66M |
24.70M |
24.69M |
24.69M |
24.66M |
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
Adjusted Diluted Earnings per Share |
|
$1.32 |
$1.24 |
$1.25 |
$1.30 |
$1.32 |
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
24.66M |
24.70M |
24.69M |
24.69M |
24.66M |
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
24.66M |
24.70M |
24.70M |
24.69M |
24.43M |
24.46M |
24.49M |
24.51M |
24.52M |
24.55M |
24.56M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
33 |
31 |
31 |
32 |
33 |
28 |
29 |
37 |
35 |
31 |
38 |
Normalized NOPAT Margin |
|
36.01% |
32.78% |
33.51% |
35.54% |
35.16% |
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
Pre Tax Income Margin |
|
46.67% |
43.30% |
43.51% |
46.09% |
45.54% |
39.96% |
40.28% |
49.06% |
46.34% |
40.94% |
45.85% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
5.63 |
2.60 |
1.62 |
1.31 |
1.12 |
0.84 |
0.85 |
1.01 |
0.95 |
0.91 |
1.13 |
NOPAT to Interest Expense |
|
4.34 |
1.96 |
1.25 |
1.01 |
0.86 |
0.66 |
0.66 |
0.78 |
0.73 |
0.72 |
0.89 |
EBIT Less CapEx to Interest Expense |
|
5.71 |
2.47 |
1.59 |
1.33 |
1.12 |
0.82 |
0.89 |
0.98 |
0.91 |
0.78 |
1.09 |
NOPAT Less CapEx to Interest Expense |
|
4.43 |
1.84 |
1.22 |
1.03 |
0.86 |
0.63 |
0.70 |
0.74 |
0.70 |
0.58 |
0.85 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
27.22% |
26.63% |
26.01% |
25.58% |
25.57% |
26.47% |
27.20% |
26.60% |
26.92% |
26.69% |
25.53% |
Augmented Payout Ratio |
|
35.67% |
32.31% |
30.38% |
27.29% |
35.35% |
36.45% |
36.69% |
34.67% |
26.92% |
26.82% |
25.98% |
Key Financial Trends
1st Source (NASDAQ: SRCE) Q1 2025 Financial Highlights and Trends
1st Source Corporation has demonstrated steady growth and overall solid financial performance over the past four years, reaching Q1 2025 with healthy earnings and asset expansion. Here’s an analysis focused on key financial statement components, highlighting recent trends and important factors for retail investors.
- Consistent growth in net interest income, reaching $80.9 million in Q1 2025, up from approximately $69.5 million in Q1 2023 and $71.3 million in Q4 2022, reflecting strong lending and investing activities.
- Total revenue increased to $104 million in Q1 2025 compared to $94 million in Q1 2024 and $92 million in Q1 2023, indicating improving core business operations.
- Net income attributable to common shareholders grew to $37.5 million in Q1 2025 from $31.1 million in Q1 2023 and $31.4 million in Q1 2024, showing an upward earnings trajectory.
- Basic and diluted earnings per share rose to $1.52 in Q1 2025, up from $1.19 in Q1 2024 and $1.25 in Q1 2023, reflecting improved profitability per share.
- Loans and leases net of allowance increased to approximately $6.71 billion in Q1 2025, growing modestly from about $6.41 billion in Q1 2024 and $5.97 billion in Q1 2023, indicating expanding loan portfolio assets.
- 1st Source maintained a consistent dividend payout with $0.36 per share in Q1 2025, slightly up from $0.34 per share in 2023-2024 quarters, supporting shareholder returns.
- Provision for credit losses fluctuated but remained manageable at around $3.3 million in Q1 2025 compared to $6.6 million in Q1 2024 and about $3 million in Q1 2023, indicating stable asset quality monitoring.
- Non-interest income improved to $23.1 million in Q1 2025 from around $22 million in Q1 2024, mostly from service charges, but capital gains/losses on investments showed some volatility historically.
- Total equity including non-controlling interests grew steadily to $1.22 billion in Q1 2025 from approximately $968 million in Q1 2023, supporting a strong capital base.
- Total non-interest expenses increased slightly in Q1 2025 to $53.1 million from $49.6 million in Q1 2024 and $49.5 million in Q1 2023, mainly driven by salaries, occupancy, and operating costs, slightly weighing on margins.
Summary: 1st Source Corporation's latest quarterly results and historical data reveal a company with a resilient and growing loan portfolio, steady revenue and earnings growth, and consistent shareholder rewards via dividends. The company’s interest income has grown impressively, supported by expanding loans and leases, though rising operating expenses and fluctuations in credit loss provisions warrant monitoring. Overall, 1st Source shows financial stability and incremental growth, positioning it well for future quarters.
08/24/25 11:59 PMAI Generated. May Contain Errors.