1st Source Corporation
Financial ServicesNASDAQ:SRCE · NASDAQ Global Select
+$0.69 today
Vol 0.12M · Avg 0.14M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$602.7M of revenue converted into $160.7M of net income for the selected period. Gross margin is 70.8% and net margin is 26.7%, showing how much revenue survives after costs and taxes. EPS is $6.56, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $600.0M +5.2% | $570.3M +12.4% | $507.5M +31.8% | $385.1M +8.5% | $354.9M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $178.1M -9.0% | $195.7M +35.8% | $144.1M +230.6% | $43.6M +215.2% | $13.8M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $421.9M +12.6% | $374.7M +3.1% | $363.4M +6.4% | $341.5M +0.1% | $341.0M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 70.3% +4.6pp | 65.7% -5.9pp | 71.6% -17.1pp | 88.7% -7.4pp | 96.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $111.0M -13.3% | $128.1M +5.4% | $121.5M +11.8% | $108.7M +0.2% | $108.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $216.8M +6.5% | $203.6M +0.9% | $201.7M +9.2% | $184.7M -0.3% | $185.3M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $8.9M -27.7% | $12.4M -20.1% | $15.5M -19.0% | $19.1M -20.5% | $24.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $214.0M +16.7% | $183.4M +3.5% | $177.1M +0.7% | $175.9M -1.7% | $178.9M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 35.7% +3.5pp | 32.2% -2.7pp | 34.9% -10.8pp | 45.7% -4.7pp | 50.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $205.1M +19.9% | $171.1M +5.8% | $161.7M +3.1% | $156.8M +1.2% | $154.9M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 34.2% +4.2pp | 30.0% -1.9pp | 31.9% -8.9pp | 40.7% -2.9pp | 43.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $514.4M +6.3% | $484.0M +16.1% | $416.9M +41.9% | $293.8M +15.3% | $254.8M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $166.2M -9.3% | $183.2M +32.5% | $138.3M +355.6% | $30.3M +67.3% | $18.1M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$711.0K | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $204.4M +19.5% | $171.1M +5.8% | $161.7M +3.1% | $156.8M +1.2% | $154.9M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 34.1% +4.1pp | 30.0% -1.9pp | 31.9% -8.9pp | 40.7% -2.9pp | 43.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $46.1M +20.0% | $38.4M +4.6% | $36.7M +1.4% | $36.3M -0.2% | $36.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $158.3M +19.3% | $132.6M +6.2% | $124.9M +3.7% | $120.5M +1.7% | $118.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 26.4% +3.1pp | 23.3% -1.4pp | 24.6% -6.7pp | 31.3% -2.1pp | 33.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $6 +20.5% | $5 +6.6% | $5 +3.9% | $5 +3.0% | $5 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $6 +20.5% | $5 +6.6% | $5 +3.9% | $5 +3.0% | $5 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $24.4M -0.4% | $24.5M -0.5% | $24.6M -0.3% | $24.7M -1.4% | $25.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $24.4M -0.4% | $24.5M -0.5% | $24.6M -0.3% | $24.7M -1.4% | $25.0M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
First Merchants Corporation
NASDAQ:FRME
$2.65B
Merchants Bancorp
NASDAQ:MBIN
$2.30B
First Commonwealth Financial Corporation
NYSE:FCF
$2.02B
Stellar Bancorp, Inc.
NYSE:STEL
$1.98B
Live Oak Bancshares, Inc.
NYSE:LOB
$1.81B
German American Bancorp, Inc.
NASDAQ:GABC
$1.72B
S&T Bancorp, Inc.
NASDAQ:STBA
$1.72B
TriCo Bancshares
NASDAQ:TCBK
$1.69B
National Bank Holdings Corporation
NYSE:NBHC
$1.66B
Lakeland Financial Corporation
NASDAQ:LKFN
$1.54B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does SRCE generate?
1st Source Corporation (SRCE) reported $600.00M of revenue in fiscal 2025.
Is SRCE profitable?
1st Source Corporation (SRCE) reported $158.27M of net income, with a net margin of 26.4%.
Explore More
Continue the stock analysis
Jump to another research area for this company.