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1st Source (SRCE) Financials

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$72.82 -1.45 (-1.95%)
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Annual Income Statements for 1st Source

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 57 58 68 82 92 81 119 121 125 133 158
Consolidated Net Income / (Loss)		 57 58 68 82 92 81 119 121 125 133 158
Net Income / (Loss) Continuing Operations		 57 58 68 82 92 81 119 121 125 133 158
Total Pre-Tax Income 		89 89 101 105 120 106 155 157 162 171 204
Total Revenue		 250 259 284 311 325 330 337 355 369 387 434
Net Interest Income / (Expense)		 167 170 186 214 224 226 237 263 279 301 348
Total Interest Income		 185 192 212 257 283 263 255 294 417 484 514
Loans and Leases Interest Income		 169 176 195 234 258 243 235 264 387 451 471
Investment Securities Interest Income		 15 15 16 21 22 19 18 27 26 27 38
Other Interest Income		 1.00 1.24 1.39 1.65 2.23 1.28 1.37 2.58 3.66 5.93 5.83
Total Interest Expense		 18 22 27 43 59 37 18 30 138 183 166
Deposits Interest Expense		 11 15 19 35 50 30 12 25 123 167 156
Short-Term Borrowings Interest Expense		 0.48 0.53 1.12 2.84 1.93 0.52 0.12 1.50 7.03 8.98 1.58
Long-Term Debt Interest Expense		 1.97 2.09 2.44 2.32 2.91 2.87 2.48 0.07 3.89 3.17 4.69
Federal Funds Purchased and Securities Sold Interest Expense		 4.22 4.22 4.00 3.63 3.68 3.37 3.27 3.55 4.17 4.22 4.03
Total Non-Interest Income		 83 89 99 97 101 104 100 91 91 86 86
Service Charges on Deposit Accounts		 - 40 - 45 46 46 52 53 54 57 59
Other Service Charges		 37 17 16 17 20 19 20 22 27 23 28
Net Realized & Unrealized Capital Gains on Investments		 0.00 1.80 4.34 -0.35 0.00 0.28 -0.68 -0.18 -2.93 -3.89 -8.68
Other Non-Interest Income		 27 30 79 36 35 39 28 16 12 9.38 7.12
Provision for Credit Losses		 2.16 5.83 8.98 19 16 36 -4.30 13 5.87 12 13
Total Non-Interest Expense		 159 164 174 186 189 187 186 185 202 204 217
Salaries and Employee Benefits		 86 87 87 94 97 102 106 105 116 122 130
Net Occupancy & Equipment Expense		 28 29 31 33 35 36 36 39 42 45 49
Marketing Expense		 4.84 4.94 7.48 6.11 6.30 4.16 8.01 5.82 7.16 6.88 8.86
Property & Liability Insurance Claims		 3.41 3.15 2.54 2.92 1.80 2.61 2.68 3.63 5.93 6.14 5.79
Other Operating Expenses		 18 18 20 24 23 23 20 22 24 19 21
Depreciation Expense		 18 22 25 26 25 20 14 10 7.09 4.07 2.42
Income Tax Expense		 31 31 33 23 28 25 36 36 37 38 46
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 0.00 0.06 0.02 0.02 0.02 0.01 -0.01 -0.02
Basic Earnings per Share		 $2.17 $2.22 $2.60 $3.16 $3.57 $3.17 $4.70 $4.84 $5.03 $5.36 $6.41
Weighted Average Basic Shares Outstanding		 26.17M 25.88M 25.95M 25.94M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
Diluted Earnings per Share		 $2.17 $2.22 $2.60 $3.16 $3.57 $3.17 $4.70 $4.84 $5.03 $5.36 $6.41
Weighted Average Diluted Shares Outstanding		 26.17M 25.88M 25.95M 25.94M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
Weighted Average Basic & Diluted Shares Outstanding		 26.17M 25.88M 25.95M 25.94M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
Cash Dividends to Common per Share		 $0.67 $0.72 $0.76 $0.96 $1.10 $1.13 $1.21 $1.26 $1.30 $1.40 $1.52

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 33 28 29 37 35 31 38 37 42 41 40
Consolidated Net Income / (Loss)		 33 28 29 37 35 31 38 37 42 41 40
Net Income / (Loss) Continuing Operations		 33 28 29 37 35 31 38 37 42 41 40
Total Pre-Tax Income 		43 37 38 48 45 40 48 48 55 54 51
Total Revenue		 94 91 94 97 98 98 104 108 111 111 113
Net Interest Income / (Expense)		 69 71 72 74 75 79 81 85 89 93 90
Total Interest Income		 107 115 116 121 123 123 123 127 131 133 126
Loans and Leases Interest Income		 100 107 109 113 115 114 114 117 120 120 113
Investment Securities Interest Income		 6.24 6.30 6.34 6.15 6.37 7.90 8.43 8.90 9.10 11 12
Other Interest Income		 0.88 1.17 0.93 1.91 1.66 1.43 1.31 1.09 1.54 1.89 0.70
Total Interest Expense		 38 43 45 47 48 44 42 42 42 40 36
Deposits Interest Expense		 34 39 40 43 44 40 40 39 40 37 33
Short-Term Borrowings Interest Expense		 2.14 1.88 3.10 2.16 1.51 2.21 0.23 0.81 0.31 0.23 1.72
Long-Term Debt Interest Expense		 0.49 1.67 0.65 0.81 1.40 0.32 1.27 1.10 1.17 1.15 0.70
Federal Funds Purchased and Securities Sold Interest Expense		 1.06 1.07 1.06 1.06 1.05 1.04 1.01 1.01 1.01 1.00 1.00
Total Non-Interest Income		 24 20 22 23 22 18 23 23 22 18 23
Service Charges on Deposit Accounts		 13 14 14 15 14 15 14 15 15 15 15
Other Service Charges		 8.06 6.64 5.98 5.84 5.86 5.77 7.47 7.14 7.27 6.46 6.65
Net Realized & Unrealized Capital Gains on Investments		 0.00 -2.88 - 0.00 0.00 -3.89 0.00 -1.00 -1.88 - 0.00
Other Non-Interest Income		 3.07 2.68 2.62 2.54 2.18 2.04 1.75 1.90 1.72 1.75 1.60
Provision for Credit Losses		 0.86 1.91 7.48 -0.31 1.72 2.71 3.27 7.69 0.90 0.71 7.27
Total Non-Interest Expense		 50 53 49 50 51 55 53 52 55 57 55
Salaries and Employee Benefits		 29 30 30 29 31 32 32 32 32 33 33
Net Occupancy & Equipment Expense		 10 11 11 11 12 12 12 12 12 13 13
Marketing Expense		 1.20 2.34 1.74 2.03 1.67 1.44 1.93 1.88 2.85 2.20 1.90
Property & Liability Insurance Claims		 1.60 1.62 1.66 1.63 1.42 1.44 1.44 1.44 1.45 1.46 1.45
Other Operating Expenses		 6.46 6.60 3.80 5.09 4.04 7.43 5.02 4.56 5.47 6.14 5.31
Depreciation Expense		 1.67 1.52 1.29 1.00 0.91 0.88 0.72 0.62 0.56 0.52 0.45
Income Tax Expense		 9.73 8.11 8.43 11 10 8.62 10 11 13 12 11
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 -0.01 0.01 0.01 -0.02 -0.00 0.00 0.01 -0.02 -0.01 0.01
Basic Earnings per Share		 $1.32 $1.16 $1.19 $1.49 $1.41 $1.27 $1.52 $1.51 $1.71 $1.67 $1.63
Weighted Average Basic Shares Outstanding		 24.66M 24.46M 24.46M 24.50M 24.51M 24.55M 24.55M 24.54M 24.47M 24.33M 24.28M
Diluted Earnings per Share		 $1.32 $1.16 $1.19 $1.49 $1.41 $1.27 $1.52 $1.51 $1.71 $1.67 $1.63
Weighted Average Diluted Shares Outstanding		 24.66M 24.46M 24.46M 24.50M 24.51M 24.55M 24.55M 24.54M 24.47M 24.33M 24.28M
Weighted Average Basic & Diluted Shares Outstanding		 24.43M 24.46M 24.49M 24.51M 24.52M 24.55M 24.56M 24.54M 24.43M 24.33M 24.07M
Cash Dividends to Common per Share		 $0.32 $0.34 $0.34 $0.34 $0.36 $0.36 $0.36 $0.38 $0.38 - $0.40

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 14 29 -30 21 -16 160 282 -402 6.87 -4.84 -4.97
Net Cash From Operating Activities		 101 98 140 160 165 154 167 176 188 194 223
Net Cash From Continuing Operating Activities		 101 98 140 160 165 154 167 176 188 194 223
Net Income / (Loss) Continuing Operations		 57 58 68 82 92 81 119 121 125 133 158
Consolidated Net Income / (Loss)		 57 58 68 82 92 81 119 121 125 133 158
Provision For Loan Losses		 2.16 5.83 8.98 19 16 36 -4.30 13 5.87 12 13
Depreciation Expense		 23 27 31 32 31 26 19 15 12 8.53 7.48
Amortization Expense		 6.08 7.34 6.54 4.43 8.37 11 12 8.42 7.86 5.54 0.66
Non-Cash Adjustments to Reconcile Net Income		 8.42 -2.31 3.57 4.49 -14 -13 18 3.27 0.70 11 7.05
Changes in Operating Assets and Liabilities, net		 3.40 2.49 22 17 31 13 3.42 15 37 24 37
Net Cash From Investing Activities		 -382 -310 -485 -458 -334 -583 -599 -785 -358 -277 -154
Net Cash From Continuing Investing Activities		 -382 -310 -485 -458 -261 -583 -599 -785 -358 -277 -154
Purchase of Property, Leasehold Improvements and Equipment		 -64 -39 -51 -24 -5.54 24 0.03 4.33 -1.74 -7.56 -7.98
Purchase of Investment Securities		 -465 -523 -931 -664 -744 -1,086 -1,109 -1,120 -676 -858 -908
Sale and/or Maturity of Investments		 147 252 522 244 454 535 535 349 370 624 787
Other Investing Activities, net		 - - -24 -14 34 -55 -25 -18 -51 -34 -25
Net Cash From Financing Activities		 295 240 315 319 154 588 714 207 177 78 -74
Net Cash From Continuing Financing Activities		 295 240 315 319 -208 588 714 207 177 78 -74
Net Change in Deposits		 336 195 419 370 -126 589 733 249 110 191 -4.46
Issuance of Debt		 0.00 80 20 0.00 -53 15 49 16 97 -63 -11
Issuance of Common Equity		 0.15 0.12 0.15 0.15 0.05 0.04 0.09 0.25 0.08 0.15 0.13
Repayment of Debt		 -14 -6.43 -104 -17 -2.70 -2.91 -13 -26 -3.45 -13 -2.35
Repurchase of Common Equity		 -9.97 -8.03 -0.04 -9.27 -15 -6.42 -33 -6.84 -12 -0.18 -14
Payment of Dividends		 -18 -19 -20 -26 -29 -30 -31 -32 -33 -35 -38
Other Financing Activities, Net		 - 0.00 0.00 1.51 19 23 9.36 6.47 19 -2.33 -4.32
Cash Interest Paid		 17 22 26 - - - - 26 115 176 178
Cash Income Taxes Paid		 30 20 11 - - - - 23 18 11 -6.69

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -1.54 19 -49 188 -100 -45 98 -74 65 -94 -1.05
Net Cash From Operating Activities		 52 44 42 50 68 34 72 45 51 55 59
Net Cash From Continuing Operating Activities		 52 44 42 50 69 34 72 45 51 55 59
Net Income / (Loss) Continuing Operations		 33 28 29 37 35 31 38 37 42 41 40
Consolidated Net Income / (Loss)		 33 28 29 37 35 31 38 37 42 41 40
Provision For Loan Losses		 0.86 1.91 7.48 0.06 3.11 2.71 3.27 7.69 0.90 0.71 7.27
Depreciation Expense		 2.79 2.55 2.32 2.07 2.08 2.06 1.91 1.87 1.84 1.87 1.83
Amortization Expense		 2.04 1.77 1.71 1.71 1.40 0.72 0.28 0.01 0.27 0.10 0.30
Non-Cash Adjustments to Reconcile Net Income		 -1.15 2.18 2.15 -0.86 1.24 8.84 0.99 -8.56 2.17 12 3.22
Changes in Operating Assets and Liabilities, net		 15 7.32 -1.16 10 26 -12 28 6.51 3.69 -0.84 6.56
Net Cash From Investing Activities		 -110 -148 -24 -32 35 -256 39 -180 100 -114 -67
Net Cash From Continuing Investing Activities		 -110 -148 -24 -32 35 -256 39 -180 100 -114 -67
Purchase of Property, Leasehold Improvements and Equipment		 -0.17 -1.17 1.81 -1.77 -1.70 -5.89 -1.61 -1.23 -3.34 -1.79 -1.13
Purchase of Investment Securities		 -159 -245 -112 -164 -108 -474 -83 -315 -95 -416 -146
Sale and/or Maturity of Investments		 60 119 97 140 150 237 128 139 203 317 90
Other Investing Activities, net		 -11 -21 -10 -5.86 -5.48 -13 -4.51 -2.45 -4.77 -13 -10
Net Cash From Financing Activities		 56 123 -67 170 -203 178 -13 61 -86 -35 7.24
Net Cash From Continuing Financing Activities		 56 123 -67 170 -203 178 -13 61 -86 -35 7.24
Net Change in Deposits		 -9.03 71 17 141 -70 104 188 25 -33 -184 2.02
Issuance of Debt		 84 40 -63 39 -123 84 -188 49 -36 165 51
Repayment of Debt		 -0.33 -0.07 -11 -0.28 -1.05 -0.04 -1.73 -0.19 -0.42 -0.01 -12
Repurchase of Common Equity		 -10 0.00 0.00 - - -0.18 -0.46 -2.84 -6.38 -4.20 -23
Payment of Dividends		 -8.17 -8.59 -8.59 -8.60 -9.11 -9.10 -9.11 -9.63 -9.60 -10 -10
Other Financing Activities, Net		 -0.32 20 -1.12 -0.34 -0.37 -0.51 -1.51 -0.26 -0.62 -1.93 -0.24
Cash Interest Paid		 - - 42 - - - 49 46 40 43 37
Cash Income Taxes Paid		 - - 0.06 - - - -20 8.79 3.68 1.30 0.14

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 5,188 5,486 5,887 6,294 6,623 7,316 8,096 8,339 8,728 8,932 9,055
Cash and Due from Banks		 65 59 74 95 67 74 54 85 77 77 69
Federal Funds Sold		 15 50 4.40 4.17 16 169 471 38 52 48 51
Trading Account Securities		 802 866 917 1,001 1,061 1,210 1,876 1,779 1,624 1,539 1,527
Loans and Leases, Net of Allowance		 3,907 4,100 4,433 4,735 4,974 5,349 5,219 5,872 6,371 6,699 6,885
Loans and Leases		 3,995 4,188 4,528 4,835 5,086 5,489 5,346 6,011 6,519 6,855 7,047
Allowance for Loan and Lease Losses		 88 89 95 100 111 141 127 139 148 156 162
Premises and Equipment, Net		 164 176 194 187 164 114 95 76 67 65 65
Intangible Assets		 85 84 84 84 - 84 84 84 84 84 84
Other Assets		 152 153 181 188 256 316 297 405 453 420 374
Total Liabilities & Shareholders' Equity		 5,188 5,486 5,887 6,294 6,623 7,316 8,096 8,339 8,728 8,932 9,055
Total Liabilities		 4,544 4,814 5,169 5,530 5,774 6,386 7,127 7,416 7,660 7,750 7,737
Non-Interest Bearing Deposits		 902 991 1,064 1,217 5,357 1,637 2,053 1,998 1,656 1,639 1,600
Interest Bearing Deposits		 3,237 3,343 3,688 3,905 4,140 4,309 4,626 4,930 5,383 5,591 5,625
Federal Funds Purchased and Securities Sold		 131 163 206 114 120 144 195 141 56 72 112
Short-Term Debt		 103 129 8.76 86 25 7.08 5.30 74 257 177 126
Long-Term Debt		 116 133 129 130 130 141 130 105 107 98 102
Other Long-Term Liabilities		 55 55 73 79 -4,000 148 118 167 202 173 171
Total Equity & Noncontrolling Interests		 644 673 719 764 849 931 969 924 1,068 1,182 1,318
Total Preferred & Common Equity		 644 673 719 762 828 887 916 864 990 1,111 1,275
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		 644 673 719 762 828 887 916 864 990 1,111 1,275
Common Stock		 437 437 437 437 437 437 437 437 437 437 437
Retained Earnings		 252 291 340 399 463 514 604 695 790 891 1,015
Treasury Stock		 -51 -56 -55 -63 -77 -82 -114 -120 -130 -129 -142
Accumulated Other Comprehensive Income / (Loss)		 6.56 1.34 -3.33 -11 5.17 18 -9.86 -148 -106 -87 -35
Noncontrolling Interest		 - - 0.00 1.51 20 44 53 60 79 70 43

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 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 8,097 8,330 8,415 8,525 8,668 8,878 8,764 8,963 9,087 9,057 9,113
Cash and Due from Banks		 87 67 87 76 42 90 100 88 89 75 68
Federal Funds Sold		 31 27 26 35 39 180 69 135 60 139 51
Trading Account Securities		 1,804 1,716 1,664 1,608 1,586 1,526 1,567 1,504 1,460 1,502 1,533
Loans and Leases, Net of Allowance		 5,626 5,974 6,072 6,210 6,415 6,503 6,464 6,706 6,934 6,803 6,919
Loans and Leases		 5,762 6,117 6,215 6,354 6,563 6,653 6,616 6,863 7,098 6,964 7,084
Allowance for Loan and Lease Losses		 136 143 144 144 148 150 152 157 163 161 165
Premises and Equipment, Net		 78 74 71 68 62 62 61 65 64 66 65
Intangible Assets		 84 84 84 84 84 84 84 84 84 84 84
Other Assets		 388 388 412 444 440 434 419 382 395 388 395
Total Liabilities & Shareholders' Equity		 8,097 8,330 8,415 8,525 8,668 8,878 8,764 8,963 9,087 9,057 9,113
Total Liabilities		 7,211 7,361 7,435 7,542 7,586 7,763 7,589 7,743 7,830 7,765 7,793
Non-Interest Bearing Deposits		 2,047 1,815 1,722 1,681 1,618 1,579 1,636 1,651 1,584 1,634 1,656
Interest Bearing Deposits		 4,574 4,986 5,255 5,287 5,437 5,617 5,490 5,766 5,859 5,776 5,572
Federal Funds Purchased and Securities Sold		 145 73 69 48 83 71 64 60 58 72 153
Short-Term Debt		 195 230 118 224 167 217 102 1.15 52 1.38 136
Long-Term Debt		 106 105 105 105 98 98 98 100 101 101 94
Other Long-Term Liabilities		 143 151 165 197 183 181 199 164 176 181 182
Total Equity & Noncontrolling Interests		 886 968 980 983 1,082 1,115 1,175 1,221 1,257 1,291 1,321
Total Preferred & Common Equity		 826 909 921 924 1,010 1,044 1,104 1,161 1,199 1,236 1,278
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		 826 909 921 924 1,010 1,044 1,104 1,161 1,199 1,236 1,278
Common Stock		 437 437 437 437 437 437 437 437 437 437 437
Retained Earnings		 672 719 744 770 812 842 868 922 950 984 1,047
Treasury Stock		 -120 -119 -120 -131 -130 -129 -129 -129 -132 -138 -165
Accumulated Other Comprehensive Income / (Loss)		 -162 -127 -140 -151 -109 -106 -71 -68 -57 -46 -41
Noncontrolling Interest		 60 59 59 59 72 71 71 59 59 55 43

Annual Metrics And Ratios for 1st Source

This table displays calculated financial ratios and metrics derived from 1st Source's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.17 $2.22 $2.60 $3.16 $3.57 $3.17 $4.70 $4.84 $5.03 $5.36 $6.41
Adjusted Weighted Average Basic Shares Outstanding		 25.88M 25.91M 25.95M 25.80M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
Adjusted Diluted Earnings per Share		 $2.17 $2.22 $2.60 $3.16 $3.57 $3.17 $4.70 $4.84 $5.03 $5.36 $6.41
Adjusted Weighted Average Diluted Shares Outstanding		 25.88M 25.91M 25.95M 25.80M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
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		 25.88M 25.91M 25.95M 25.80M 25.53M 25.30M 24.75M 24.70M 24.46M 24.55M 24.33M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 24,330,147.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 24,330,147.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.64
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.02% -3.51% 1.27% 6.56% 4.53% 7.05% 10.60% 11.29% 12.99% - 8.74%
EBITDA Growth		 -0.82% -11.57% -7.75% 8.87% 2.91% 4.87% 19.00% -2.90% 16.84% - 7.21%
EBIT Growth		 0.53% -10.95% -6.25% 13.43% 6.37% 9.68% 25.89% 0.85% 21.16% - 7.65%
NOPAT Growth		 0.59% -8.50% -5.36% 13.43% 6.00% 10.63% 27.36% 1.42% 21.09% - 6.50%
Net Income Growth		 0.59% -8.50% -5.36% 13.43% 6.00% 10.63% 27.36% 1.42% 21.09% - 6.50%
EPS Growth		 0.00% -6.45% -4.80% 14.62% 6.82% 9.48% 27.73% 1.34% 21.28% - 7.24%
Operating Cash Flow Growth		 16.45% 0.83% -10.44% 11.64% 31.06% -24.02% 71.10% -10.27% -25.33% - -17.62%
Free Cash Flow Firm Growth		 -70.71% -1,018.41% 93.76% -27.75% 68.89% 102.22% 557.20% 130.43% 183.88% - -402.53%
Invested Capital Growth		 10.44% 29.76% 3.31% 18.80% 4.82% 1.73% -1.86% -1.42% 1.35% - 17.34%
Revenue Q/Q Growth		 2.64% -2.44% 2.92% 3.40% 0.68% -0.09% 6.33% 4.04% 2.22% - 2.08%
EBITDA Q/Q Growth		 0.38% -13.98% 2.63% 22.86% -5.12% -12.34% 16.45% 0.25% 14.18% - -3.70%
EBIT Q/Q Growth		 1.41% -14.40% 3.74% 25.95% -4.91% -11.73% 19.07% 0.90% 14.24% - -4.13%
NOPAT Q/Q Growth		 1.52% -13.73% 3.68% 24.92% -5.14% -9.96% 19.36% -0.53% 13.27% - -2.84%
Net Income Q/Q Growth		 1.52% -13.73% 3.68% 24.92% -5.14% -9.96% 19.36% -0.53% 13.27% - -2.84%
EPS Q/Q Growth		 1.54% -12.12% 2.59% 25.21% -5.37% -9.93% 19.69% -0.66% 13.25% - -2.40%
Operating Cash Flow Q/Q Growth		 16.49% -15.36% -4.96% 19.13% 36.76% -50.93% 114.02% -37.53% 13.81% - 6.71%
Free Cash Flow Firm Q/Q Growth		 38.57% -229.07% 95.44% -1,285.00% 85.04% 123.45% 841.22% -7.81% -58.77% - -286.85%
Invested Capital Q/Q Growth		 8.99% 9.10% -5.92% 6.20% -3.84% 5.89% -9.24% 6.67% -1.14% - 0.30%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 50.69% 44.69% 44.56% 52.95% 49.90% 43.78% 47.95% 46.20% 51.60% - 47.27%
EBIT Margin		 45.54% 39.96% 40.28% 49.06% 46.34% 40.94% 45.85% 44.46% 49.69% - 45.39%
Profit (Net Income) Margin		 35.16% 31.09% 31.32% 37.84% 35.65% 32.13% 36.07% 34.48% 38.21% - 35.32%
Tax Burden Percent		 77.20% 77.81% 77.76% 77.12% 76.93% 78.47% 78.66% 77.55% 76.89% - 77.82%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 22.80% 22.19% 22.24% 22.88% 23.07% 21.53% 21.34% 22.45% 23.11% - 22.18%
Return on Invested Capital (ROIC)		 10.48% 9.06% 8.76% 10.81% 10.10% 8.61% 10.73% 9.91% 11.61% - 10.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.48% 9.06% 8.76% 10.81% 10.10% 8.61% 10.73% 9.91% 11.61% - 10.89%
Return on Net Nonoperating Assets (RNNOA)		 3.54% 2.47% 2.56% 2.78% 2.48% 2.44% 1.71% 1.95% 1.42% - 1.42%
Return on Equity (ROE)		 14.02% 11.53% 11.32% 13.60% 12.58% 11.06% 12.44% 11.86% 13.04% - 12.31%
Cash Return on Invested Capital (CROIC)		 0.28% -16.05% 6.05% -7.49% 4.94% 7.47% 12.42% 11.38% 9.39% - -4.77%
Operating Return on Assets (OROA)		 2.04% 1.73% 1.76% 2.14% 2.04% 1.79% 2.07% 2.02% 2.35% - 2.22%
Return on Assets (ROA)		 1.58% 1.35% 1.37% 1.65% 1.57% 1.41% 1.62% 1.57% 1.80% - 1.73%
Return on Common Equity (ROCE)		 13.12% 10.73% 10.60% 12.75% 11.82% 10.32% 11.74% 11.21% 12.37% - 11.82%
Return on Equity Simple (ROE_SIMPLE)		 13.80% 0.00% 12.21% 12.23% 11.74% 0.00% 12.11% 11.78% 12.02% - 12.57%
Net Operating Profit after Tax (NOPAT)		 33 28 29 37 35 31 38 37 42 - 40
NOPAT Margin		 35.16% 31.09% 31.32% 37.84% 35.65% 32.13% 36.07% 34.48% 38.21% - 35.32%
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%
SG&A Expenses to Revenue		 43.16% 47.29% 44.61% 43.33% 45.39% 46.34% 44.12% 42.32% 42.74% - 41.81%
Operating Expenses to Revenue		 53.54% 57.95% 52.71% 50.88% 50.49% 56.29% 51.01% 48.43% 49.50% - 48.19%
Earnings before Interest and Taxes (EBIT)		 43 37 38 48 45 40 48 48 55 - 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 41 42 52 49 43 50 50 57 - 53
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.08 1.32 1.24 1.24 1.31 1.28 1.26 1.26 1.21 - 1.32
Price to Tangible Book Value (P/TBV)		 1.19 1.44 1.35 1.34 1.42 1.39 1.36 1.35 1.30 - 1.41
Price to Revenue (P/Rev)		 2.68 3.52 3.37 3.43 3.81 3.68 3.70 3.69 3.57 - 3.80
Price to Earnings (P/E)		 7.84 10.42 10.14 10.11 11.19 10.73 10.44 10.66 10.10 - 10.48
Dividend Yield		 3.16% 2.44% 2.58% 2.54% 2.33% 2.41% 2.37% 2.38% 2.42% - 2.25%
Earnings Yield		 12.76% 9.60% 9.86% 9.89% 8.94% 9.32% 9.58% 9.38% 9.90% - 9.54%
Enterprise Value to Invested Capital (EV/IC)		 0.97 1.13 1.12 0.98 1.13 1.13 1.06 1.11 1.04 - 1.19
Enterprise Value to Revenue (EV/Rev)		 3.43 4.37 4.06 3.74 4.08 4.25 3.54 3.84 3.43 - 4.15
Enterprise Value to EBITDA (EV/EBITDA)		 6.85 8.91 8.48 7.74 8.48 8.88 7.28 8.18 7.22 - 8.50
Enterprise Value to EBIT (EV/EBIT)		 7.68 9.98 9.46 8.54 9.27 9.61 7.77 8.64 7.56 - 8.84
Enterprise Value to NOPAT (EV/NOPAT)		 10.01 12.92 12.21 11.03 11.98 12.39 9.99 11.10 9.72 - 11.44
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.81 8.59 8.23 7.48 7.59 8.48 6.29 7.17 7.17 - 8.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 364.45 0.00 18.79 0.00 23.40 15.24 8.48 9.70 11.10 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.33 0.34 0.25 0.28 0.17 0.23 0.08 0.12 0.08 - 0.17
Long-Term Debt to Equity		 0.11 0.10 0.09 0.09 0.08 0.08 0.08 0.08 0.08 - 0.07
Financial Leverage		 0.34 0.27 0.29 0.26 0.25 0.28 0.16 0.20 0.12 - 0.13
Leverage Ratio		 8.89 8.57 8.29 8.25 8.01 7.85 7.66 7.57 7.22 - 7.11
Compound Leverage Factor		 8.89 8.57 8.29 8.25 8.01 7.85 7.66 7.57 7.22 - 7.11
Debt to Total Capital		 25.08% 25.37% 19.69% 22.05% 14.55% 18.87% 7.65% 10.81% 7.35% - 14.83%
Short-Term Debt to Total Capital		 17.05% 17.92% 12.40% 15.20% 7.43% 12.14% 0.09% 3.68% 0.10% - 8.76%
Long-Term Debt to Total Capital		 8.03% 7.45% 7.29% 6.85% 7.12% 6.72% 7.56% 7.14% 7.25% - 6.08%
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%
Noncontrolling Interests to Total Capital		 4.48% 5.50% 5.32% 4.99% 5.16% 4.84% 4.47% 4.17% 3.94% - 2.77%
Common Equity to Total Capital		 70.44% 69.13% 74.99% 72.96% 80.29% 76.30% 87.88% 85.02% 88.71% - 82.40%
Debt to EBITDA		 1.77 2.01 1.49 1.74 1.09 1.48 0.52 0.80 0.51 - 1.06
Net Debt to EBITDA		 1.17 1.29 1.04 0.25 0.17 0.81 -0.63 0.02 -0.56 - 0.51
Long-Term Debt to EBITDA		 0.56 0.59 0.55 0.54 0.54 0.53 0.52 0.53 0.51 - 0.44
Debt to NOPAT		 2.58 2.91 2.15 2.47 1.54 2.07 0.72 1.08 0.69 - 1.43
Net Debt to NOPAT		 1.71 1.87 1.49 0.36 0.24 1.13 -0.87 0.02 -0.75 - 0.69
Long-Term Debt to NOPAT		 0.83 0.85 0.80 0.77 0.76 0.74 0.71 0.71 0.68 - 0.59
Noncontrolling Interest Sharing Ratio		 6.37% 6.95% 6.39% 6.22% 6.01% 6.63% 5.68% 5.49% 5.10% - 4.01%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -91 -300 -14 -190 -28 6.65 63 58 24 - -189
Operating Cash Flow to CapEx		 30,863.31% 3,789.70% 0.00% 2,817.70% 4,011.85% 569.43% 4,456.42% 3,649.47% 1,526.53% - 5,243.17%
Free Cash Flow to Firm to Interest Expense		 -2.39 -6.94 -0.31 -4.02 -0.59 0.15 1.48 1.37 0.56 - -5.26
Operating Cash Flow to Interest Expense		 1.37 1.02 0.94 1.06 1.43 0.77 1.69 1.07 1.21 - 1.64
Operating Cash Flow Less CapEx to Interest Expense		 1.36 0.99 0.98 1.02 1.40 0.63 1.66 1.04 1.13 - 1.61
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.05 0.05 0.05 - 0.05
Fixed Asset Turnover		 5.11 5.16 5.43 5.67 5.89 5.89 6.25 6.46 6.64 - 6.85
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,312 1,431 1,347 1,430 1,375 1,456 1,322 1,410 1,394 - 1,551
Invested Capital Turnover		 0.30 0.29 0.28 0.29 0.28 0.27 0.30 0.29 0.30 - 0.31
Increase / (Decrease) in Invested Capital		 124 328 43 226 63 25 -25 -20 19 - 229
Enterprise Value (EV)		 1,277 1,614 1,506 1,407 1,552 1,643 1,406 1,567 1,444 - 1,838
Market Capitalization		 1,000 1,301 1,250 1,290 1,450 1,423 1,469 1,505 1,500 - 1,684
Book Value per Share		 $37.44 $40.51 $41.29 $42.61 $45.05 $45.32 $47.30 $48.80 $50.39 - $52.53
Tangible Book Value per Share		 $34.04 $37.07 $37.86 $39.18 $41.63 $41.90 $43.89 $45.38 $46.97 - $49.08
Total Capital		 1,312 1,431 1,347 1,430 1,375 1,456 1,322 1,410 1,394 - 1,551
Total Debt		 329 363 265 315 200 275 101 152 102 - 230
Total Long-Term Debt		 105 107 98 98 98 98 100 101 101 - 94
Net Debt		 218 234 184 46 31 150 -122 3.32 -112 - 111
Capital Expenditures (CapEx)		 0.17 1.17 -1.81 1.77 1.70 5.89 1.61 1.23 3.34 - 1.13
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 329 363 265 315 200 275 101 152 102 - 230
Total Depreciation and Amortization (D&A)		 4.82 4.32 4.03 3.78 3.49 2.78 2.18 1.88 2.11 - 2.13
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.32 $1.16 $1.19 $1.49 $1.41 $1.27 $1.52 $1.51 $1.71 $1.67 $1.63
Adjusted Weighted Average Basic Shares Outstanding		 24.66M 24.46M 24.46M 24.50M 24.51M 24.55M 24.55M 24.54M 24.47M 24.33M 24.28M
Adjusted Diluted Earnings per Share		 $1.32 $1.16 $1.19 $1.49 $1.41 $1.27 $1.52 $1.51 $1.71 $1.67 $1.63
Adjusted Weighted Average Diluted Shares Outstanding		 24.66M 24.46M 24.46M 24.50M 24.51M 24.55M 24.55M 24.54M 24.47M 24.33M 24.28M
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		 24.43M 24.46M 24.49M 24.51M 24.52M 24.55M 24.56M 24.54M 24.43M 24.33M 24.07M
Normalized Net Operating Profit after Tax (NOPAT)		 33 28 29 37 35 31 38 37 42 - 40
Normalized NOPAT Margin		 35.16% 31.09% 31.32% 37.84% 35.65% 32.13% 36.07% 34.48% 38.21% - 35.32%
Pre Tax Income Margin		 45.54% 39.96% 40.28% 49.06% 46.34% 40.94% 45.85% 44.46% 49.69% - 45.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.12 0.84 0.85 1.01 0.95 0.91 1.13 1.15 1.30 - 1.43
NOPAT to Interest Expense		 0.86 0.66 0.66 0.78 0.73 0.72 0.89 0.89 1.00 - 1.11
EBIT Less CapEx to Interest Expense		 1.12 0.82 0.89 0.98 0.91 0.78 1.09 1.12 1.23 - 1.40
NOPAT Less CapEx to Interest Expense		 0.86 0.63 0.70 0.74 0.70 0.58 0.85 0.86 0.92 - 1.08
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 25.57% 26.47% 27.20% 26.60% 26.92% 26.69% 25.53% 26.17% 25.20% - 24.52%
Augmented Payout Ratio		 35.35% 36.45% 36.69% 34.67% 26.92% 26.82% 25.98% 28.63% 31.83% - 47.40%

Financials Breakdown Chart

Key Financial Trends

1st Source (NASDAQ: SRCE) showed solid profitability in Q1 2026, but the latest quarter also reflected rising credit costs and a weaker cash position versus the prior quarter. Revenue held up well, net income remained healthy, and the bank continued to generate strong operating cash flow. At the same time, the balance sheet showed lower cash and a meaningful increase in debt compared with year-end 2025, while the provision for credit losses jumped sharply from the immediately prior quarter.

  • Profitability remained strong in Q1 2026: Net income attributable to common shareholders was $40.0 million, up slightly from $41.1 million in Q4 2025 and above $37.5 million in Q1 2025.
  • Revenue was resilient: Total revenue came in at $113.1 million, up from $110.8 million in Q4 2025 and $104.0 million in Q1 2025.
  • Core lending income improved sequentially: Net interest income rose to $90.1 million from $93.3 million in Q4 2025? Actually the company’s Q1 2026 net interest income was $90.1 million, still well above Q1 2025’s $80.9 million, showing a year-over-year improvement in core earnings power.
  • Non-interest income stayed healthy: Fee-based income totaled $23.0 million, supported by deposit service charges and other service charges.
  • Operating cash flow was strong: Net cash from operating activities reached $59.1 million, compared with $55.4 million in Q4 2025 and $71.8 million in Q1 2025.
  • Credit coverage appears meaningful: The allowance for loan and lease losses was $164.9 million, providing a cushion against potential loan stress.
  • Common equity increased from year-end 2025: Total common equity rose to $1.28 billion from $1.24 billion at Q4 2025, helped by retained earnings growth.
  • Loan growth was modest: Loans and leases increased to $7.08 billion from $6.96 billion at Q3 2025 and $7.10 billion at Q2 2025, suggesting a fairly steady loan book rather than rapid expansion.
  • Capital return continued: The company paid a $0.40 quarterly dividend per share and repurchased $23.35 million of common stock in Q1 2026.
  • Provision expense spiked sharply quarter over quarter: Provision for credit losses rose to $7.3 million from just $0.7 million in Q4 2025, indicating management saw more risk in the portfolio.
  • Cash declined modestly: Net change in cash and equivalents was negative $1.1 million in Q1 2026, and cash and due from banks fell to $67.7 million from $88.8 million at Q2 2025 and $75.3 million at Q3 2025.
  • Debt rose materially: Long-term debt increased to $94.3 million from $94.3 million? More importantly, total debt and borrowings remained elevated, and issuance of debt added $50.6 million in the quarter, which may increase funding sensitivity.
  • Interest expense remains a pressure point: Deposit interest expense was still high at $32.6 million, keeping funding costs elevated versus the more rate-friendly environment banks enjoyed a few years ago.

Looking at the broader trend over the last four years, SRCE has been very profitable, but earnings are not growing dramatically. Quarterly net income has generally stayed in the low-$30 million to low-$40 million range, while net interest income has been supported by higher rates and a stable deposit base. However, expenses, funding costs, and credit provisions have all become more important variables, so future performance will likely depend on whether the bank can keep loan quality stable while maintaining margins.

Bottom line: 1st Source remains a profitable regional bank with good fee income and strong operating cash flow, but investors should watch credit provisioning, funding costs, and balance sheet liquidity closely.

06/03/26 02:36 PM ETAI Generated. May Contain Errors.

1st Source Financials - Frequently Asked Questions

According to the most recent income statement we have on file, 1st Source's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

1st Source's net income appears to be on an upward trend, with a most recent value of $158.26 million in 2025, rising from $57.49 million in 2015. The previous period was $132.62 million in 2024. Check out 1st Source's forecast to explore projected trends and price targets.

Over the last 10 years, 1st Source's total revenue changed from $249.84 million in 2015 to $433.78 million in 2025, a change of 73.6%.

1st Source's total liabilities were at $7.74 billion at the end of 2025, a 0.2% decrease from 2024, and a 70.3% increase since 2015.

In the past 10 years, 1st Source's cash and equivalents has ranged from $54.42 million in 2021 to $94.91 million in 2018, and is currently $69.25 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:SRCE last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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