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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
41 |
40 |
48 |
| Consolidated Net Income / (Loss) |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
41 |
40 |
48 |
| Net Income / (Loss) Continuing Operations |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
41 |
40 |
48 |
| Total Pre-Tax Income |
|
37 |
38 |
48 |
45 |
40 |
48 |
48 |
55 |
54 |
51 |
62 |
| Total Revenue |
|
91 |
94 |
97 |
98 |
98 |
104 |
108 |
111 |
111 |
113 |
118 |
| Net Interest Income / (Expense) |
|
71 |
72 |
74 |
75 |
79 |
81 |
85 |
89 |
93 |
90 |
93 |
| Total Interest Income |
|
115 |
116 |
121 |
123 |
123 |
123 |
127 |
131 |
133 |
126 |
131 |
| Loans and Leases Interest Income |
|
107 |
109 |
113 |
115 |
114 |
114 |
117 |
120 |
120 |
113 |
117 |
| Investment Securities Interest Income |
|
6.30 |
6.34 |
6.15 |
6.37 |
7.90 |
8.43 |
8.90 |
9.10 |
11 |
12 |
13 |
| Other Interest Income |
|
1.17 |
0.93 |
1.91 |
1.66 |
1.43 |
1.31 |
1.09 |
1.54 |
1.89 |
0.70 |
1.56 |
| Total Interest Expense |
|
43 |
45 |
47 |
48 |
44 |
42 |
42 |
42 |
40 |
36 |
38 |
| Deposits Interest Expense |
|
39 |
40 |
43 |
44 |
40 |
40 |
39 |
40 |
37 |
33 |
34 |
| Short-Term Borrowings Interest Expense |
|
1.88 |
3.10 |
2.16 |
1.51 |
2.21 |
0.23 |
0.81 |
0.31 |
0.23 |
1.72 |
1.51 |
| Long-Term Debt Interest Expense |
|
1.67 |
0.65 |
0.81 |
1.40 |
0.32 |
1.27 |
1.10 |
1.17 |
1.15 |
0.70 |
1.00 |
| Federal Funds Purchased and Securities Sold Interest Expense |
|
1.07 |
1.06 |
1.06 |
1.05 |
1.04 |
1.01 |
1.01 |
1.01 |
1.00 |
1.00 |
0.97 |
| Total Non-Interest Income |
|
20 |
22 |
23 |
22 |
18 |
23 |
23 |
22 |
18 |
23 |
25 |
| Service Charges on Deposit Accounts |
|
14 |
14 |
15 |
14 |
15 |
14 |
15 |
15 |
15 |
15 |
17 |
| Other Service Charges |
|
6.64 |
5.98 |
5.84 |
5.86 |
5.77 |
7.47 |
7.14 |
7.27 |
6.46 |
6.65 |
6.75 |
| Net Realized & Unrealized Capital Gains on Investments |
|
-2.88 |
- |
0.00 |
0.00 |
-3.89 |
0.00 |
-1.00 |
-1.88 |
- |
0.00 |
0.01 |
| Other Non-Interest Income |
|
2.68 |
2.62 |
2.54 |
2.18 |
2.04 |
1.75 |
1.90 |
1.72 |
1.75 |
1.60 |
1.40 |
| Provision for Credit Losses |
|
1.91 |
7.48 |
-0.31 |
1.72 |
2.71 |
3.27 |
7.69 |
0.90 |
0.71 |
7.27 |
1.54 |
| Total Non-Interest Expense |
|
53 |
49 |
50 |
51 |
55 |
53 |
52 |
55 |
57 |
55 |
55 |
| Salaries and Employee Benefits |
|
30 |
30 |
29 |
31 |
32 |
32 |
32 |
32 |
33 |
33 |
33 |
| Net Occupancy & Equipment Expense |
|
11 |
11 |
11 |
12 |
12 |
12 |
12 |
12 |
13 |
13 |
13 |
| Marketing Expense |
|
2.34 |
1.74 |
2.03 |
1.67 |
1.44 |
1.93 |
1.88 |
2.85 |
2.20 |
1.90 |
2.06 |
| Property & Liability Insurance Claims |
|
1.62 |
1.66 |
1.63 |
1.42 |
1.44 |
1.44 |
1.44 |
1.45 |
1.46 |
1.45 |
1.45 |
| Other Operating Expenses |
|
6.60 |
3.80 |
5.09 |
4.04 |
7.43 |
5.02 |
4.56 |
5.47 |
6.14 |
5.31 |
5.39 |
| Depreciation Expense |
|
1.52 |
1.29 |
1.00 |
0.91 |
0.88 |
0.72 |
0.62 |
0.56 |
0.52 |
0.45 |
0.42 |
| Income Tax Expense |
|
8.11 |
8.43 |
11 |
10 |
8.62 |
10 |
11 |
13 |
12 |
11 |
14 |
| Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.01 |
0.01 |
0.01 |
-0.02 |
-0.00 |
0.00 |
0.01 |
-0.02 |
-0.01 |
0.01 |
-0.00 |
| Basic Earnings per Share |
|
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
$1.51 |
$1.71 |
$1.67 |
$1.63 |
$1.95 |
| Weighted Average Basic Shares Outstanding |
|
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
24.54M |
24.47M |
24.33M |
24.28M |
24.07M |
| Diluted Earnings per Share |
|
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
$1.51 |
$1.71 |
$1.67 |
$1.63 |
$1.95 |
| Weighted Average Diluted Shares Outstanding |
|
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
24.54M |
24.47M |
24.33M |
24.28M |
24.07M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
24.46M |
24.49M |
24.51M |
24.52M |
24.55M |
24.56M |
24.54M |
24.43M |
24.33M |
24.07M |
24.08M |
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 |
| 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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Change in Cash & Equivalents |
|
19 |
-49 |
188 |
-100 |
-45 |
98 |
-74 |
65 |
-94 |
-1.05 |
8.50 |
| Net Cash From Operating Activities |
|
44 |
42 |
50 |
68 |
34 |
72 |
45 |
51 |
55 |
59 |
51 |
| Net Cash From Continuing Operating Activities |
|
44 |
42 |
50 |
69 |
34 |
72 |
45 |
51 |
55 |
59 |
51 |
| Net Income / (Loss) Continuing Operations |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
41 |
40 |
48 |
| Consolidated Net Income / (Loss) |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
41 |
40 |
48 |
| Provision For Loan Losses |
|
1.91 |
7.48 |
0.06 |
3.11 |
2.71 |
3.27 |
7.69 |
0.90 |
0.71 |
7.27 |
1.54 |
| Depreciation Expense |
|
2.55 |
2.32 |
2.07 |
2.08 |
2.06 |
1.91 |
1.87 |
1.84 |
1.87 |
1.83 |
1.83 |
| Amortization Expense |
|
1.77 |
1.71 |
1.71 |
1.40 |
0.72 |
0.28 |
0.01 |
0.27 |
0.10 |
0.30 |
-0.00 |
| Non-Cash Adjustments to Reconcile Net Income |
|
2.18 |
2.15 |
-0.86 |
1.24 |
8.84 |
0.99 |
-8.56 |
2.17 |
12 |
3.22 |
3.70 |
| Changes in Operating Assets and Liabilities, net |
|
7.32 |
-1.16 |
10 |
26 |
-12 |
28 |
6.51 |
3.69 |
-0.84 |
6.56 |
-3.85 |
| Net Cash From Investing Activities |
|
-148 |
-24 |
-32 |
35 |
-256 |
39 |
-180 |
100 |
-114 |
-67 |
-146 |
| Net Cash From Continuing Investing Activities |
|
-148 |
-24 |
-32 |
35 |
-256 |
39 |
-180 |
100 |
-114 |
-67 |
-146 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-1.17 |
1.81 |
-1.77 |
-1.70 |
-5.89 |
-1.61 |
-1.23 |
-3.34 |
-1.79 |
-1.13 |
-0.89 |
| Purchase of Investment Securities |
|
-245 |
-112 |
-164 |
-108 |
-474 |
-83 |
-315 |
-95 |
-416 |
-146 |
-231 |
| Sale and/or Maturity of Investments |
|
119 |
97 |
140 |
150 |
237 |
128 |
139 |
203 |
317 |
90 |
90 |
| Other Investing Activities, net |
|
-21 |
-10 |
-5.86 |
-5.48 |
-13 |
-4.51 |
-2.45 |
-4.77 |
-13 |
-10 |
-3.71 |
| Net Cash From Financing Activities |
|
123 |
-67 |
170 |
-203 |
178 |
-13 |
61 |
-86 |
-35 |
7.24 |
104 |
| Net Cash From Continuing Financing Activities |
|
123 |
-67 |
170 |
-203 |
178 |
-13 |
61 |
-86 |
-35 |
7.24 |
104 |
| Net Change in Deposits |
|
71 |
17 |
141 |
-70 |
104 |
188 |
25 |
-33 |
-184 |
2.02 |
205 |
| Issuance of Debt |
|
40 |
-63 |
39 |
-123 |
84 |
-188 |
49 |
-36 |
165 |
51 |
-90 |
| Repayment of Debt |
|
-0.07 |
-11 |
-0.28 |
-1.05 |
-0.04 |
-1.73 |
-0.19 |
-0.42 |
-0.01 |
-12 |
-0.19 |
| Payment of Dividends |
|
-8.59 |
-8.59 |
-8.60 |
-9.11 |
-9.10 |
-9.11 |
-9.63 |
-9.60 |
-10 |
-10 |
-11 |
| Other Financing Activities, Net |
|
20 |
-1.12 |
-0.34 |
-0.37 |
-0.51 |
-1.51 |
-0.26 |
-0.62 |
-1.93 |
-0.24 |
-0.09 |
| Cash Interest Paid |
|
- |
42 |
- |
- |
- |
49 |
46 |
40 |
43 |
37 |
37 |
| Cash Income Taxes Paid |
|
- |
0.06 |
- |
- |
- |
-20 |
8.79 |
3.68 |
1.30 |
0.14 |
15 |
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 |
| 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 |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
Q2 2026 |
| Total Assets |
|
8,330 |
8,415 |
8,525 |
8,668 |
8,878 |
8,764 |
8,963 |
9,087 |
9,057 |
9,113 |
9,263 |
| Cash and Due from Banks |
|
67 |
87 |
76 |
42 |
90 |
100 |
88 |
89 |
75 |
68 |
67 |
| Federal Funds Sold |
|
27 |
26 |
35 |
39 |
180 |
69 |
135 |
60 |
139 |
51 |
60 |
| Trading Account Securities |
|
1,716 |
1,664 |
1,608 |
1,586 |
1,526 |
1,567 |
1,504 |
1,460 |
1,502 |
1,533 |
1,533 |
| Loans and Leases, Net of Allowance |
|
5,974 |
6,072 |
6,210 |
6,415 |
6,503 |
6,464 |
6,706 |
6,934 |
6,803 |
6,919 |
7,054 |
| Loans and Leases |
|
6,117 |
6,215 |
6,354 |
6,563 |
6,653 |
6,616 |
6,863 |
7,098 |
6,964 |
7,084 |
7,220 |
| Allowance for Loan and Lease Losses |
|
143 |
144 |
144 |
148 |
150 |
152 |
157 |
163 |
161 |
165 |
166 |
| Premises and Equipment, Net |
|
74 |
71 |
68 |
62 |
62 |
61 |
65 |
64 |
66 |
65 |
63 |
| Intangible Assets |
|
84 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
84 |
| Other Assets |
|
388 |
412 |
444 |
440 |
434 |
419 |
382 |
395 |
388 |
395 |
402 |
| Total Liabilities & Shareholders' Equity |
|
8,330 |
8,415 |
8,525 |
8,668 |
8,878 |
8,764 |
8,963 |
9,087 |
9,057 |
9,113 |
9,263 |
| Total Liabilities |
|
7,361 |
7,435 |
7,542 |
7,586 |
7,763 |
7,589 |
7,743 |
7,830 |
7,765 |
7,793 |
7,910 |
| Non-Interest Bearing Deposits |
|
1,815 |
1,722 |
1,681 |
1,618 |
1,579 |
1,636 |
1,651 |
1,584 |
1,634 |
1,656 |
1,606 |
| Interest Bearing Deposits |
|
4,986 |
5,255 |
5,287 |
5,437 |
5,617 |
5,490 |
5,766 |
5,859 |
5,776 |
5,572 |
5,826 |
| Federal Funds Purchased and Securities Sold |
|
73 |
69 |
48 |
83 |
71 |
64 |
60 |
58 |
72 |
153 |
63 |
| Short-Term Debt |
|
230 |
118 |
224 |
167 |
217 |
102 |
1.15 |
52 |
1.38 |
136 |
136 |
| Long-Term Debt |
|
105 |
105 |
105 |
98 |
98 |
98 |
100 |
101 |
101 |
94 |
95 |
| Other Long-Term Liabilities |
|
151 |
165 |
197 |
183 |
181 |
199 |
164 |
176 |
181 |
182 |
183 |
| Total Equity & Noncontrolling Interests |
|
968 |
980 |
983 |
1,082 |
1,115 |
1,175 |
1,221 |
1,257 |
1,291 |
1,321 |
1,353 |
| Total Preferred & Common Equity |
|
909 |
921 |
924 |
1,010 |
1,044 |
1,104 |
1,161 |
1,199 |
1,236 |
1,278 |
1,310 |
| 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 |
|
909 |
921 |
924 |
1,010 |
1,044 |
1,104 |
1,161 |
1,199 |
1,236 |
1,278 |
1,310 |
| Common Stock |
|
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
437 |
| Retained Earnings |
|
719 |
744 |
770 |
812 |
842 |
868 |
922 |
950 |
984 |
1,047 |
1,085 |
| Treasury Stock |
|
-119 |
-120 |
-131 |
-130 |
-129 |
-129 |
-129 |
-132 |
-138 |
-165 |
-165 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-127 |
-140 |
-151 |
-109 |
-106 |
-71 |
-68 |
-57 |
-46 |
-41 |
-47 |
| Noncontrolling Interest |
|
59 |
59 |
59 |
72 |
71 |
71 |
59 |
59 |
55 |
43 |
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 |
| 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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
24,330,147.00 |
24,068,891.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
24,330,147.00 |
24,068,891.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
1.64 |
1.98 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-3.51% |
1.27% |
6.56% |
4.53% |
7.05% |
10.60% |
11.29% |
12.99% |
- |
8.74% |
9.16% |
| EBITDA Growth |
|
-11.57% |
-7.75% |
8.87% |
2.91% |
4.87% |
19.00% |
-2.90% |
16.84% |
- |
7.21% |
26.81% |
| EBIT Growth |
|
-10.95% |
-6.25% |
13.43% |
6.37% |
9.68% |
25.89% |
0.85% |
21.16% |
- |
7.65% |
27.98% |
| NOPAT Growth |
|
-8.50% |
-5.36% |
13.43% |
6.00% |
10.63% |
27.36% |
1.42% |
21.09% |
- |
6.50% |
27.37% |
| Net Income Growth |
|
-8.50% |
-5.36% |
13.43% |
6.00% |
10.63% |
27.36% |
1.42% |
21.09% |
- |
6.50% |
27.37% |
| EPS Growth |
|
-6.45% |
-4.80% |
14.62% |
6.82% |
9.48% |
27.73% |
1.34% |
21.28% |
- |
7.24% |
29.14% |
| Operating Cash Flow Growth |
|
0.83% |
-10.44% |
11.64% |
31.06% |
-24.02% |
71.10% |
-10.27% |
-25.33% |
- |
-17.62% |
13.15% |
| Free Cash Flow Firm Growth |
|
-1,018.41% |
93.76% |
-27.75% |
68.89% |
102.22% |
557.20% |
130.43% |
183.88% |
- |
-402.53% |
-319.45% |
| Invested Capital Growth |
|
29.76% |
3.31% |
18.80% |
4.82% |
1.73% |
-1.86% |
-1.42% |
1.35% |
- |
17.34% |
12.35% |
| Revenue Q/Q Growth |
|
-2.44% |
2.92% |
3.40% |
0.68% |
-0.09% |
6.33% |
4.04% |
2.22% |
- |
2.08% |
4.44% |
| EBITDA Q/Q Growth |
|
-13.98% |
2.63% |
22.86% |
-5.12% |
-12.34% |
16.45% |
0.25% |
14.18% |
- |
-3.70% |
18.58% |
| EBIT Q/Q Growth |
|
-14.40% |
3.74% |
25.95% |
-4.91% |
-11.73% |
19.07% |
0.90% |
14.24% |
- |
-4.13% |
19.96% |
| NOPAT Q/Q Growth |
|
-13.73% |
3.68% |
24.92% |
-5.14% |
-9.96% |
19.36% |
-0.53% |
13.27% |
- |
-2.84% |
18.97% |
| Net Income Q/Q Growth |
|
-13.73% |
3.68% |
24.92% |
-5.14% |
-9.96% |
19.36% |
-0.53% |
13.27% |
- |
-2.84% |
18.97% |
| EPS Q/Q Growth |
|
-12.12% |
2.59% |
25.21% |
-5.37% |
-9.93% |
19.69% |
-0.66% |
13.25% |
- |
-2.40% |
19.63% |
| Operating Cash Flow Q/Q Growth |
|
-15.36% |
-4.96% |
19.13% |
36.76% |
-50.93% |
114.02% |
-37.53% |
13.81% |
- |
6.71% |
-14.19% |
| Free Cash Flow Firm Q/Q Growth |
|
-229.07% |
95.44% |
-1,285.00% |
85.04% |
123.45% |
841.22% |
-7.81% |
-58.77% |
- |
-286.85% |
33.13% |
| Invested Capital Q/Q Growth |
|
9.10% |
-5.92% |
6.20% |
-3.84% |
5.89% |
-9.24% |
6.67% |
-1.14% |
- |
0.30% |
2.13% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
44.69% |
44.56% |
52.95% |
49.90% |
43.78% |
47.95% |
46.20% |
51.60% |
- |
47.27% |
53.67% |
| EBIT Margin |
|
39.96% |
40.28% |
49.06% |
46.34% |
40.94% |
45.85% |
44.46% |
49.69% |
- |
45.39% |
52.13% |
| Profit (Net Income) Margin |
|
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
34.48% |
38.21% |
- |
35.32% |
40.23% |
| Tax Burden Percent |
|
77.81% |
77.76% |
77.12% |
76.93% |
78.47% |
78.66% |
77.55% |
76.89% |
- |
77.82% |
77.18% |
| 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 |
|
22.19% |
22.24% |
22.88% |
23.07% |
21.53% |
21.34% |
22.45% |
23.11% |
- |
22.18% |
22.82% |
| Return on Invested Capital (ROIC) |
|
9.06% |
8.76% |
10.81% |
10.10% |
8.61% |
10.73% |
9.91% |
11.61% |
- |
10.89% |
12.17% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.06% |
8.76% |
10.81% |
10.10% |
8.61% |
10.73% |
9.91% |
11.61% |
- |
10.89% |
12.17% |
| Return on Net Nonoperating Assets (RNNOA) |
|
2.47% |
2.56% |
2.78% |
2.48% |
2.44% |
1.71% |
1.95% |
1.42% |
- |
1.42% |
1.79% |
| Return on Equity (ROE) |
|
11.53% |
11.32% |
13.60% |
12.58% |
11.06% |
12.44% |
11.86% |
13.04% |
- |
12.31% |
13.96% |
| Cash Return on Invested Capital (CROIC) |
|
-16.05% |
6.05% |
-7.49% |
4.94% |
7.47% |
12.42% |
11.38% |
9.39% |
- |
-4.77% |
-0.21% |
| Operating Return on Assets (OROA) |
|
1.73% |
1.76% |
2.14% |
2.04% |
1.79% |
2.07% |
2.02% |
2.35% |
- |
2.22% |
2.57% |
| Return on Assets (ROA) |
|
1.35% |
1.37% |
1.65% |
1.57% |
1.41% |
1.62% |
1.57% |
1.80% |
- |
1.73% |
1.99% |
| Return on Common Equity (ROCE) |
|
10.73% |
10.60% |
12.75% |
11.82% |
10.32% |
11.74% |
11.21% |
12.37% |
- |
11.82% |
13.41% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
12.21% |
12.23% |
11.74% |
0.00% |
12.11% |
11.78% |
12.02% |
- |
12.57% |
13.04% |
| Net Operating Profit after Tax (NOPAT) |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
- |
40 |
48 |
| NOPAT Margin |
|
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
34.48% |
38.21% |
- |
35.32% |
40.23% |
| 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 |
|
47.29% |
44.61% |
43.33% |
45.39% |
46.34% |
44.12% |
42.32% |
42.74% |
- |
41.81% |
40.42% |
| Operating Expenses to Revenue |
|
57.95% |
52.71% |
50.88% |
50.49% |
56.29% |
51.01% |
48.43% |
49.50% |
- |
48.19% |
46.57% |
| Earnings before Interest and Taxes (EBIT) |
|
37 |
38 |
48 |
45 |
40 |
48 |
48 |
55 |
- |
51 |
62 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
41 |
42 |
52 |
49 |
43 |
50 |
50 |
57 |
- |
53 |
63 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.32 |
1.24 |
1.24 |
1.31 |
1.28 |
1.26 |
1.26 |
1.21 |
- |
1.32 |
1.50 |
| Price to Tangible Book Value (P/TBV) |
|
1.44 |
1.35 |
1.34 |
1.42 |
1.39 |
1.36 |
1.35 |
1.30 |
- |
1.41 |
1.60 |
| Price to Revenue (P/Rev) |
|
3.52 |
3.37 |
3.43 |
3.81 |
3.68 |
3.70 |
3.69 |
3.57 |
- |
3.80 |
4.34 |
| Price to Earnings (P/E) |
|
10.42 |
10.14 |
10.11 |
11.19 |
10.73 |
10.44 |
10.66 |
10.10 |
- |
10.48 |
11.49 |
| Dividend Yield |
|
2.44% |
2.58% |
2.54% |
2.33% |
2.41% |
2.37% |
2.38% |
2.42% |
- |
2.25% |
1.97% |
| Earnings Yield |
|
9.60% |
9.86% |
9.89% |
8.94% |
9.32% |
9.58% |
9.38% |
9.90% |
- |
9.54% |
8.71% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.13 |
1.12 |
0.98 |
1.13 |
1.13 |
1.06 |
1.11 |
1.04 |
- |
1.19 |
1.33 |
| Enterprise Value to Revenue (EV/Rev) |
|
4.37 |
4.06 |
3.74 |
4.08 |
4.25 |
3.54 |
3.84 |
3.43 |
- |
4.15 |
4.66 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
8.91 |
8.48 |
7.74 |
8.48 |
8.88 |
7.28 |
8.18 |
7.22 |
- |
8.50 |
9.19 |
| Enterprise Value to EBIT (EV/EBIT) |
|
9.98 |
9.46 |
8.54 |
9.27 |
9.61 |
7.77 |
8.64 |
7.56 |
- |
8.84 |
9.53 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
12.92 |
12.21 |
11.03 |
11.98 |
12.39 |
9.99 |
11.10 |
9.72 |
- |
11.44 |
12.34 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
8.59 |
8.23 |
7.48 |
7.59 |
8.48 |
6.29 |
7.17 |
7.17 |
- |
8.73 |
9.75 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
18.79 |
0.00 |
23.40 |
15.24 |
8.48 |
9.70 |
11.10 |
- |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
0.34 |
0.25 |
0.28 |
0.17 |
0.23 |
0.08 |
0.12 |
0.08 |
- |
0.17 |
0.17 |
| Long-Term Debt to Equity |
|
0.10 |
0.09 |
0.09 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
- |
0.07 |
0.07 |
| Financial Leverage |
|
0.27 |
0.29 |
0.26 |
0.25 |
0.28 |
0.16 |
0.20 |
0.12 |
- |
0.13 |
0.15 |
| Leverage Ratio |
|
8.57 |
8.29 |
8.25 |
8.01 |
7.85 |
7.66 |
7.57 |
7.22 |
- |
7.11 |
7.03 |
| Compound Leverage Factor |
|
8.57 |
8.29 |
8.25 |
8.01 |
7.85 |
7.66 |
7.57 |
7.22 |
- |
7.11 |
7.03 |
| Debt to Total Capital |
|
25.37% |
19.69% |
22.05% |
14.55% |
18.87% |
7.65% |
10.81% |
7.35% |
- |
14.83% |
14.57% |
| Short-Term Debt to Total Capital |
|
17.92% |
12.40% |
15.20% |
7.43% |
12.14% |
0.09% |
3.68% |
0.10% |
- |
8.76% |
8.59% |
| Long-Term Debt to Total Capital |
|
7.45% |
7.29% |
6.85% |
7.12% |
6.72% |
7.56% |
7.14% |
7.25% |
- |
6.08% |
5.98% |
| 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 |
|
5.50% |
5.32% |
4.99% |
5.16% |
4.84% |
4.47% |
4.17% |
3.94% |
- |
2.77% |
2.70% |
| Common Equity to Total Capital |
|
69.13% |
74.99% |
72.96% |
80.29% |
76.30% |
87.88% |
85.02% |
88.71% |
- |
82.40% |
82.73% |
| Debt to EBITDA |
|
2.01 |
1.49 |
1.74 |
1.09 |
1.48 |
0.52 |
0.80 |
0.51 |
- |
1.06 |
1.01 |
| Net Debt to EBITDA |
|
1.29 |
1.04 |
0.25 |
0.17 |
0.81 |
-0.63 |
0.02 |
-0.56 |
- |
0.51 |
0.45 |
| Long-Term Debt to EBITDA |
|
0.59 |
0.55 |
0.54 |
0.54 |
0.53 |
0.52 |
0.53 |
0.51 |
- |
0.44 |
0.41 |
| Debt to NOPAT |
|
2.91 |
2.15 |
2.47 |
1.54 |
2.07 |
0.72 |
1.08 |
0.69 |
- |
1.43 |
1.35 |
| Net Debt to NOPAT |
|
1.87 |
1.49 |
0.36 |
0.24 |
1.13 |
-0.87 |
0.02 |
-0.75 |
- |
0.69 |
0.61 |
| Long-Term Debt to NOPAT |
|
0.85 |
0.80 |
0.77 |
0.76 |
0.74 |
0.71 |
0.71 |
0.68 |
- |
0.59 |
0.55 |
| Noncontrolling Interest Sharing Ratio |
|
6.95% |
6.39% |
6.22% |
6.01% |
6.63% |
5.68% |
5.49% |
5.10% |
- |
4.01% |
3.89% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-300 |
-14 |
-190 |
-28 |
6.65 |
63 |
58 |
24 |
- |
-189 |
-127 |
| Operating Cash Flow to CapEx |
|
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% |
5,734.46% |
| Free Cash Flow to Firm to Interest Expense |
|
-6.94 |
-0.31 |
-4.02 |
-0.59 |
0.15 |
1.48 |
1.37 |
0.56 |
- |
-5.26 |
-3.34 |
| Operating Cash Flow to Interest Expense |
|
1.02 |
0.94 |
1.06 |
1.43 |
0.77 |
1.69 |
1.07 |
1.21 |
- |
1.64 |
1.34 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.99 |
0.98 |
1.02 |
1.40 |
0.63 |
1.66 |
1.04 |
1.13 |
- |
1.61 |
1.31 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.05 |
0.05 |
0.05 |
- |
0.05 |
0.05 |
| Fixed Asset Turnover |
|
5.16 |
5.43 |
5.67 |
5.89 |
5.89 |
6.25 |
6.46 |
6.64 |
- |
6.85 |
7.09 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
1,431 |
1,347 |
1,430 |
1,375 |
1,456 |
1,322 |
1,410 |
1,394 |
- |
1,551 |
1,584 |
| Invested Capital Turnover |
|
0.29 |
0.28 |
0.29 |
0.28 |
0.27 |
0.30 |
0.29 |
0.30 |
- |
0.31 |
0.30 |
| Increase / (Decrease) in Invested Capital |
|
328 |
43 |
226 |
63 |
25 |
-25 |
-20 |
19 |
- |
229 |
174 |
| Enterprise Value (EV) |
|
1,614 |
1,506 |
1,407 |
1,552 |
1,643 |
1,406 |
1,567 |
1,444 |
- |
1,838 |
2,110 |
| Market Capitalization |
|
1,301 |
1,250 |
1,290 |
1,450 |
1,423 |
1,469 |
1,505 |
1,500 |
- |
1,684 |
1,964 |
| Book Value per Share |
|
$40.51 |
$41.29 |
$42.61 |
$45.05 |
$45.32 |
$47.30 |
$48.80 |
$50.39 |
- |
$52.53 |
$54.44 |
| Tangible Book Value per Share |
|
$37.07 |
$37.86 |
$39.18 |
$41.63 |
$41.90 |
$43.89 |
$45.38 |
$46.97 |
- |
$49.08 |
$50.96 |
| Total Capital |
|
1,431 |
1,347 |
1,430 |
1,375 |
1,456 |
1,322 |
1,410 |
1,394 |
- |
1,551 |
1,584 |
| Total Debt |
|
363 |
265 |
315 |
200 |
275 |
101 |
152 |
102 |
- |
230 |
231 |
| Total Long-Term Debt |
|
107 |
98 |
98 |
98 |
98 |
100 |
101 |
101 |
- |
94 |
95 |
| Net Debt |
|
234 |
184 |
46 |
31 |
150 |
-122 |
3.32 |
-112 |
- |
111 |
103 |
| Capital Expenditures (CapEx) |
|
1.17 |
-1.81 |
1.77 |
1.70 |
5.89 |
1.61 |
1.23 |
3.34 |
- |
1.13 |
0.89 |
| 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) |
|
363 |
265 |
315 |
200 |
275 |
101 |
152 |
102 |
- |
230 |
231 |
| Total Depreciation and Amortization (D&A) |
|
4.32 |
4.03 |
3.78 |
3.49 |
2.78 |
2.18 |
1.88 |
2.11 |
- |
2.13 |
1.82 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
$1.51 |
$1.71 |
$1.67 |
$1.63 |
$1.95 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
24.54M |
24.47M |
24.33M |
24.28M |
24.07M |
| Adjusted Diluted Earnings per Share |
|
$1.16 |
$1.19 |
$1.49 |
$1.41 |
$1.27 |
$1.52 |
$1.51 |
$1.71 |
$1.67 |
$1.63 |
$1.95 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
24.46M |
24.46M |
24.50M |
24.51M |
24.55M |
24.55M |
24.54M |
24.47M |
24.33M |
24.28M |
24.07M |
| 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 |
|
24.46M |
24.49M |
24.51M |
24.52M |
24.55M |
24.56M |
24.54M |
24.43M |
24.33M |
24.07M |
24.08M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
28 |
29 |
37 |
35 |
31 |
38 |
37 |
42 |
- |
40 |
48 |
| Normalized NOPAT Margin |
|
31.09% |
31.32% |
37.84% |
35.65% |
32.13% |
36.07% |
34.48% |
38.21% |
- |
35.32% |
40.23% |
| Pre Tax Income Margin |
|
39.96% |
40.28% |
49.06% |
46.34% |
40.94% |
45.85% |
44.46% |
49.69% |
- |
45.39% |
52.13% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.84 |
0.85 |
1.01 |
0.95 |
0.91 |
1.13 |
1.15 |
1.30 |
- |
1.43 |
1.62 |
| NOPAT to Interest Expense |
|
0.66 |
0.66 |
0.78 |
0.73 |
0.72 |
0.89 |
0.89 |
1.00 |
- |
1.11 |
1.25 |
| EBIT Less CapEx to Interest Expense |
|
0.82 |
0.89 |
0.98 |
0.91 |
0.78 |
1.09 |
1.12 |
1.23 |
- |
1.40 |
1.60 |
| NOPAT Less CapEx to Interest Expense |
|
0.63 |
0.70 |
0.74 |
0.70 |
0.58 |
0.85 |
0.86 |
0.92 |
- |
1.08 |
1.23 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
26.47% |
27.20% |
26.60% |
26.92% |
26.69% |
25.53% |
26.17% |
25.20% |
- |
24.52% |
23.70% |
| Augmented Payout Ratio |
|
36.45% |
36.69% |
34.67% |
26.92% |
26.82% |
25.98% |
28.63% |
31.83% |
- |
47.40% |
43.55% |
Key Financial Trends
1st Source (NASDAQ:SRCE) delivered a stronger second quarter of 2026, with earnings growth supported by higher net interest income, lower credit-loss provisions and continued balance-sheet expansion. Net income rose to $47.5 million, or $1.95 per diluted share, from $37.3 million, or $1.51 per share, in Q2 2025. This represents approximately 27% growth in net income and 29% growth in earnings per share.
- Net interest income continues to improve. Q2 2026 net interest income increased 9.3% year over year to $93.1 million. Total interest income rose to $131.1 million, while total interest expense declined nearly 10% to $37.9 million. Deposit interest expense, the company’s largest funding cost, fell to $34.5 million from $39.1 million a year earlier.
- Revenue growth has accelerated. Total revenue reached $118.2 million in Q2 2026, up from $108.2 million in Q2 2025 and $97.3 million in Q2 2024. The latest quarter’s growth was driven primarily by net interest income and higher service-charge income.
- Credit costs have normalized materially. The provision for credit losses fell to $1.5 million in Q2 2026 from $7.7 million in Q2 2025. The provision also declined from $7.3 million in Q1 2026, providing a significant lift to pretax income. Investors should note that the comparison benefits from unusually elevated provisions in 2025.
- Loan balances have grown steadily over the longer term. Net loans and leases increased to $7.05 billion at June 30, 2026, from $6.50 billion in Q2 2024 and $5.63 billion in Q3 2022. The latest year-over-year increase was modest at approximately 1.7%, but the multiyear trend indicates expansion of the earning-asset base.
- Capital and retained earnings have strengthened. Total equity and noncontrolling interests increased to $1.35 billion from $1.26 billion a year earlier and $1.11 billion in Q2 2024. Retained earnings rose to $1.08 billion, supporting balance-sheet growth and shareholder distributions.
- Operating cash flow remains positive and substantial. Q2 2026 operating cash flow was $50.8 million, up from $44.9 million in Q2 2025. Operating cash flow has remained positive in every reported quarter in the supplied data, although it can vary significantly with changes in operating assets and liabilities.
- Shareholder returns have continued to rise. The quarterly common dividend increased to $0.40 per share in Q1 2026 from $0.34 in Q1 2024 and $0.32 in Q1 2023. The company also repurchased $23.4 million of common equity in Q1 2026, reducing the weighted-average share count compared with the prior year.
- Balance-sheet growth is being driven partly by securities. Total assets increased to $9.26 billion at June 30, 2026, from $9.09 billion a year earlier. Trading account securities were approximately $1.53 billion, while Q2 2026 cash flow showed $231.4 million of investment-security purchases against $89.7 million of sales and maturities.
- Funding trends are mixed. Total deposits were broadly stable year over year at approximately $7.43 billion, but Q2 2026 financing cash flow benefited from a $204.6 million increase in deposits. The balance sheet also included $136.0 million of short-term debt and $94.8 million of long-term debt, making funding costs and deposit retention important areas to monitor.
- Non-interest expenses remain elevated. Q2 2026 non-interest expense increased to $55.0 million from $52.4 million in Q2 2025. Salaries and employee benefits rose to $33.2 million, and occupancy and equipment expense remained above $12.5 million. Continued expense growth could limit the benefit of improving net interest margins.
- Investment activity continues to consume cash. Net cash used in investing activities was $146.3 million in Q2 2026, compared with $179.6 million in Q2 2025. Although securities purchases can support future interest income, the recurring gap between purchases and sales or maturities increases liquidity and interest-rate sensitivity.
- Loan-loss reserves are rising in absolute dollars. The allowance for loan and lease losses increased to $166.4 million from $163.5 million a year earlier. The allowance remained approximately 2.3% of gross loans, suggesting coverage has been broadly stable, but future deterioration in credit quality could require provisions to rise again.
Overall, SRCE’s recent results show a favorable combination of improving funding economics, steady loan growth and lower credit costs. Earnings have progressed from approximately $32.7 million in Q3 2022 to $47.5 million in Q2 2026, while net loans and total equity have also expanded. The main risks are slower deposit growth, continued investment-security outflows, rising operating expenses and the possibility that credit provisions return to more normal levels after the unusually low Q2 2026 charge.
09/13/26 01:39 PM ETAI Generated. May Contain Errors.