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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
100 North Michigan Street, South Bend, IN, 46601, United States
574-235-2000
www.1stsource.com
Market Cap
$1.65B
P/E (TTM)
10.4
14.6
Dividend Yield
2.3%
52W High
$71.98
52W Low
$52.14
52W Range
77%
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

Q4 2025 Data

Revenue

$150.52M+6.28%
4-Quarter Trend

EPS

$1.69+31.50%
4-Quarter Trend

FCF

$53.47M+0.00%
4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Strong Net Income Growth Net income available to common shareholders reached $158.28M in 2025, up 19.4% from $132.62M in 2024; ROAA improved to 1.76%.
Net Interest Margin Expansion FTE Net Interest Margin grew 43 basis points to 4.07% in 2025, driven by higher loan yields and increased average loan balances.
Loan Portfolio Growth Total loans and leases increased 2.9% to $7.05B by year-end 2025, supported by strong growth in the Renewable Energy portfolio.
Credit Quality Improvement Net charge-offs decreased to $8.30M in 2025 from $13.73M in 2024; ALLL coverage ratio slightly increased to 2.30%.

Risk Factors

Interest Rate Risk Exposure Fluctuations in market interest rates could negatively affect net interest spread and overall profitability if asset/liability sensitivities shift adversely.
Adverse Economic Conditions Deterioration in general economic conditions, inflation, and geopolitical instability could impair credit quality across various loan segments.
Subsidiary Dividend Reliance The company relies heavily on dividends from the Bank subsidiary; inability to pay dividends would severely impact liquidity and obligations.
Cybersecurity Threat Escalation Sophisticated external threats like hacking and ransomware pose risks to operations and reputation, requiring continuous investment in controls.

Outlook

Guarded Economic Outlook Outlook remains guarded due to elevated interest rates, inflation, geopolitical uncertainty, and softening labor market conditions impacting borrowers.
Increased Regulatory Scrutiny Regulatory expectations are increasing with growth, particularly concerning complex operations, capital thresholds, and digital asset regulation changes.
Renewable Energy Portfolio Growth Continued positive momentum expected in Renewable Energy financing due to new clients and incentives from legislation like the Inflation Reduction Act.
Prudent Credit Loss Estimates Allowance determination relies on subjective forecasts; future loss estimates may vary considerably based on evolving geopolitical and economic risks.

Peer Comparison

Revenue (TTM)

MBIN stock ticker logoMBIN
$1.36B
-5.9%
FRME stock ticker logoFRME
$1.05B
-0.3%
LOB stock ticker logoLOB
$1.04B
+12.0%

Gross Margin (Latest Quarter)

TCBK stock ticker logoTCBK
79.7%
+5.9pp
GABC stock ticker logoGABC
74.0%
+2.9pp
SRCE stock ticker logoSRCE
73.6%
+5.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
FRME$2.34B9.49.5%5.3%
MBIN$1.93B8.89.9%19.8%
STEL$1.82B17.86.3%0.4%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.9%
Moderate Growth
4Q Net Income CAGR
3.1%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 16, 2026
|
EPS:$1.63
|
Revenue:$111.88M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement
LTM
No Data