1st Source Corporation

1st Source Corporation

SRCEยทNASDAQ

$72.74

-0.26%
Financial ServicesBanks - Regional

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

At a Glance

Live Snapshot
Market Cap$1.75B
EPS6.4600
P/E Ratio11.26
Earnings Date07/23/2026
3Y+56.0%
5Y+64.0%
10Y+114.0%
3Y+31.0%
5Y+94.0%
10Y+174.0%
3Y+27.0%
5Y+44.0%
10Y+128.0%
1st Source Corporation

1st Source Corporation Profit Bridge

SRCE ยท NASDAQ
Revenue600.00M
Cost of Goods Sold (178.07M)
Gross Profit421.93M
Operating Expenses (216.84M)
Operating Income205.09M
Interest Expense (166.22M)
Other Income/Expense-711.00K
Pretax Income204.38M
Income Tax (46.12M)
Net Income158.27M
Net Income
158.27M

Profitability Analysis

Gross Margin

70.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

34.2%

Outstanding operational efficiency. The company generates substantial profit from core operations.

Net Profit Margin

26.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

22.6%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

1st Source Corporation Income Statement

SRCE โ€ข NASDAQ

1st Source Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
REVENUE
600M
570.3M
507.5M
385.1M
354.9M
366.9M
384M
354.4M
311.1M
280.7M
268M
256.4M
256.8M
263.3M
268.4M
287.3M
285.9M
319.3M
324.2M
285.6M
GROSS PROFIT
(178.1M)
(195.7M)
(144.1M)
(43.6M)
(13.8M)
(73.2M)
(74.8M)
(62.9M)
(35.7M)
(27.9M)
(20.3M)
(22M)
(23.5M)
(36.1M)
(42.3M)
(72.3M)
(103.3M)
(119.8M)
(142.2M)
(99.8M)
421.9M
374.7M
363.4M
341.5M
341M
293.7M
309.2M
291.5M
275.4M
252.8M
247.7M
234.5M
233.3M
227.2M
226.1M
215M
182.6M
199.5M
182M
185.8M
OPERATING INCOME
(216.8M)
(203.6M)
(201.7M)
(184.7M)
(185.3M)
(187.4M)
(189M)
(186.5M)
(174M)
(163.6M)
(159.1M)
(149M)
(149.3M)
(151.5M)
(152.4M)
(154.5M)
(151.1M)
(153.1M)
(140.3M)
(126.2M)
(111M)
(128.1M)
(121.5M)
(108.7M)
(108.5M)
(104.2M)
(111.7M)
(109.2M)
(102.3M)
(100.2M)
(100.4M)
(95.5M)
(93.9M)
(96.1M)
(91.2M)
(91.3M)
(94.5M)
(91.3M)
(78.7M)
(66.6M)
205.1M
171.1M
161.7M
156.8M
154.9M
106.3M
120.2M
105M
101.4M
89.1M
88.6M
84.4M
83.9M
75.7M
73.8M
60.5M
31.5M
46.4M
41.7M
59.5M
PRE-TAX INCOME
(166.2M)
(183.2M)
(138.3M)
(30.3M)
(18.1M)
(37.2M)
(59M)
(43.4M)
(26.8M)
(22.1M)
(18.2M)
(18.2M)
(22.8M)
(30.3M)
(39.1M)
(53.1M)
(72.2M)
(103.1M)
(134.7M)
(102.6M)
348.2M
300.8M
278.6M
263.5M
236.6M
225.8M
223.9M
213.9M
185.6M
169.7M
166.5M
160.3M
156.8M
151.8M
148.4M
147.5M
128.2M
132.2M
118.9M
106.4M
(105.8M)
(75.6M)
(80.2M)
(76M)
(76.9M)
(83.2M)
(77.4M)
(77.3M)
(71.7M)
(63.5M)
(58.7M)
(54.5M)
(55.4M)
(55.4M)
(61.2M)
(63.2M)
(56.6M)
(61.9M)
(61.6M)
(59.6M)
-711K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
204.4M
171.1M
161.7M
156.8M
154.9M
106.3M
120.2M
105M
101.4M
89.1M
88.6M
84.4M
83.9M
75.7M
73.8M
60.5M
31.5M
46.4M
41.7M
59.5M
NET INCOME
(46.1M)
(38.4M)
(36.7M)
(36.3M)
(36.3M)
(24.9M)
(28.1M)
(22.6M)
(33.3M)
(31.3M)
(31.1M)
(26.4M)
(29M)
(26M)
(25.6M)
(19.2M)
(6M)
(13M)
(11.1M)
(20.2M)
158.3M
132.6M
124.9M
120.5M
118.5M
81.4M
92M
82.4M
68.1M
57.8M
57.5M
58.1M
55M
49.6M
48.2M
41.2M
25.5M
33.4M
30.5M
39.3M

SEC Filings

SRCE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 01, 2026
May 01, 2026
2026
8-K

8-K 2026

N/A

April 24, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 23, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 13, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

February 23, 2026
February 23, 2026
2026
10-K

10-K 2025 FY

FY

February 17, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 30, 2026
January 30, 2026
2026
8-K

8-K 2026

N/A

January 23, 2026
January 22, 2026
2026
8-K

8-K 2025

N/A

October 31, 2025
October 31, 2025
2025
Showing 1 to 10 of 408 filings