
1st Source Corporation
NASDAQ•SRCE
CEO: Mr. Brett A. Bauer
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 1983-08-12
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. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
Contact Information
Market Cap
$1.56B
P/E (TTM)
10.4
15.1
Dividend Yield
2.4%
52W High
$67.77
52W Low
$52.14
52W Range
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$152.79M+4.88%
4-Quarter Trend
EPS
$1.73+22.70%
4-Quarter Trend
FCF
$55.38M-16.96%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Strong Net Income Growth Nine-month net income reached $117.14M, a 15.7% increase year-over-year; Return on average assets improved to 1.75%.
NIM Expansion Driven by Rates FTE Net Interest Margin expanded 41 basis points to 4.00% for nine months, due to higher asset yields and lower funding costs.
Loan Portfolio Growth Total loans grew 1.60% to $6.96B since year-end, led by increases in Renewable Energy and Residential Real Estate portfolios.
Robust Capital Position CET1 ratio remains strong at 15.18% for the Corporation, significantly exceeding the 6.50% minimum regulatory requirement.
Risk Factors
Nonperforming Asset Spike Nonperforming assets surged 101.67% from year-end to $63.19M, primarily driven by transfers to nonaccrual status in Auto/Light Truck.
Rising Credit Provisioning Nine-month provision for credit losses increased to $11.85M, reflecting management's assessment of higher expected losses in certain segments.
Economic Uncertainty Persists Management remains cautious due to ongoing risks including geopolitical instability, trade policy uncertainty, and elevated inflation.
Deposit Cost Competition Rate competition for deposits continued across the footprint, although total deposits still grew 2.49% year-to-date to $7.41B.
Outlook
Cautious Forward Economic View Forecast reflects uncertain economic growth and continued weighting towards downside risks over the next two years due to macro factors.
Credit Quality Monitoring Focus Close monitoring of auto/truck and commercial/agricultural portfolios for delinquency trends; qualitative adjustments made for consumer weakness.
Liquidity Strategy Maintained Prudent liquidity strategies support $3.48B in available liquidity, covering approximately 50% of total deposits net of brokered sources.
New Accounting Assessment The Company is currently assessing the impact of new FASB standards, specifically ASU 2025-05 regarding credit loss measurement.
Peer Comparison
Revenue (TTM)
$1.39B
$1.04B
$649.25M
Gross Margin (Latest Quarter)
GABC73.9%
72.0%
70.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FRME | $2.15B | 9.3 | 9.9% | 6.3% |
| STEL | $1.62B | 15.9 | 6.3% | 0.7% |
| MBIN | $1.59B | 6.5 | 11.2% | 15.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.6%
Moderate Growth
4Q Net Income CAGR
10.4%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 22, 2026
EPS:$1.62
|Revenue:$110.92M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 23, 2025|Revenue: $152.79M+4.9%|EPS: $1.73+22.7%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Jul 24, 2025|Revenue: $150.27M+4.1%|EPS: $1.51+1.3%MeetForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: Apr 24, 2025|Revenue: $146.41M+5.6%|EPS: $1.52+27.7%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 18, 2025|Revenue: $570.32M+12.4%|EPS: $5.36+6.6%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Oct 24, 2024|Revenue: $145.68M+10.5%|EPS: $1.41+6.8%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Jul 25, 2024|Revenue: $144.39M+17.1%|EPS: $1.49+14.6%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: Apr 25, 2024|Revenue: $138.62M+17.7%|EPS: $1.19-4.8%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 20, 2024|Revenue: $507.53M+31.8%|EPS: $5.03+3.9%Beat