1ST Source Corp (SRCE) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, 1ST Source reported revenue of $433.8M, up 12.1% from $387.1M the year before. Net income was $158.3M (a 36.5% net margin), or $6.41 per diluted share. Net interest income was $348.2M, and the efficiency ratio (noninterest expense / revenue) was 50.0%. Operating activities generated $223.1M of cash, leaving $213.0M of free cash flow. At fiscal year end, 1ST Source held $9.06B in total assets against $7.74B in total liabilities.
Open the full interactive 1ST Source financials → Quarterly statements, key ratios, valuation history and price charts.
1ST Source Key Stats
| Share Price | $84.06 |
|---|---|
| Market Cap | $2.02B |
| P/E Ratio | 13.1 |
| Revenue YoY Growth | +12.0% |
| 52-Week Range | $56.22 – $90.82 |
| Shares Outstanding | 24.1 million (basic, 2026 Q2) |
1ST Source Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $225.8M | $236.6M | $263.5M | $278.6M | $300.8M | $348.2M |
| Provision for Credit Losses | $36.0M | -$4.3M | $13.2M | $5.9M | $12.5M | $12.6M |
| Noninterest Income | $103.9M | $100.1M | $91.3M | $90.6M | $86.3M | $85.6M |
| Noninterest Expense | $187.4M | $186.1M | $184.7M | $201.7M | $203.6M | $216.8M |
| Revenue | $329.7M | $336.7M | $354.7M | $369.3M | $387.1M | $433.8M |
| Pre-Tax Income | $106.3M | $154.9M | $156.8M | $161.7M | $171.1M | $204.4M |
| Income Tax | $24.9M | $36.3M | $36.3M | $36.7M | $38.4M | $46.1M |
| Net Income | $81.4M | $118.5M | $120.5M | $124.9M | $132.6M | $158.3M |
| Diluted EPS | $3.17 | $4.70 | $4.84 | $5.03 | $5.36 | $6.41 |
1ST Source Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $110.7M | $110.8M | $113.1M | $118.2M |
| Net Income | $42.3M | $41.1M | $40.0M | $47.5M |
| Diluted EPS | $1.71 | $1.68 | $1.63 | $1.95 |
1ST Source Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Loans (Net) | $5.35B | $5.22B | $5.87B | $6.37B | $6.70B | $6.88B |
| Total Assets | $7.32B | $8.10B | $8.34B | $8.73B | $8.93B | $9.06B |
| Deposits | $5.95B | $6.68B | $6.93B | $7.04B | $7.23B | $7.23B |
| Total Long-Term Debt | $58.8M | $58.8M | $58.8M | $58.8M | $58.8M | $58.8M |
| Total Liabilities | $6.39B | $7.13B | $7.42B | $7.66B | $7.75B | $7.74B |
| Shareholders' Equity | $886.8M | $916.3M | $864.1M | $989.6M | $1.11B | $1.27B |
1ST Source Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $154.5M | $166.8M | $175.5M | $187.9M | $193.9M | $223.1M |
| Cash From Investing | -$582.7M | -$598.6M | -$784.9M | -$358.3M | -$276.6M | -$154.2M |
| Cash From Financing | $587.8M | $713.9M | $207.0M | $177.2M | $77.9M | -$73.9M |
| Free Cash Flow | $151.6M | $163.9M | $173.2M | $182.0M | $181.5M | $213.0M |
Figures from 1ST Source's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full 1ST Source financials page for every line item.
1ST Source Company Profile
| Ticker | SRCE |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | South Bend, Indiana |
| Incorporated in | Indiana |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000034782 |
Frequently Asked Questions
What was 1ST Source's revenue in fiscal 2025?
1ST Source (SRCE) reported revenue of $433.8M for fiscal 2025.
What is 1ST Source's annual revenue history?
1ST Source's annual revenue by fiscal year: 2020: $329.7M; 2021: $336.7M; 2022: $354.7M; 2023: $369.3M; 2024: $387.1M; 2025: $433.8M.
What was 1ST Source's net income in fiscal 2025?
1ST Source reported net income of $158.3M for fiscal 2025.
What was 1ST Source's earnings per share (EPS) in fiscal 2025?
1ST Source's diluted EPS was $6.41 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did 1ST Source generate in fiscal 2025?
1ST Source generated $213.0M of free cash flow in fiscal 2025.
What was 1ST Source's revenue last quarter?
In its most recent reported quarter (2026 Q2), 1ST Source reported revenue of $118.2M.
How much debt does 1ST Source have?
1ST Source reported $58.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of 1ST Source are outstanding?
1ST Source reported a weighted average of 24.1 million basic shares outstanding in 2026 Q2.
What is 1ST Source's market cap?
Based on its latest closing price, 1ST Source (SRCE) has a market capitalization of about $2.02B.
When does 1ST Source's fiscal year end?
1ST Source's fiscal year end, as registered with the SEC, is December 31.
Where is 1ST Source headquartered?
1ST Source lists its business address in South Bend, Indiana in its SEC filings.