1st Source Corporation (SRCE)

Name: 1st Source Corporation Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$123M

Net Income

$37.5M

Operating Margin

97.1%

Free Cash Flow

$213M

Debt / Assets

85.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for 1st Source Corporation (SRCE).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	123,304,000	123,150,000	97,934,000	97,271,000
Cost of Revenue	0	0	-25,296,000	0
Gross Profit	123,304,000	123,150,000	123,230,000	97,271,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	3,593,000	3,547,000	34,368,000	32,891,000
Operating Expenses	3,593,000	3,547,000	97,934,000	49,491,000
Operating Income	119,711,000	119,603,000	45,383,000	49,351,000
Interest Expense	42,366,000	43,784,000	47,744,000	47,119,000
Income Before Tax	47,700,000	40,060,000	45,383,000	47,724,000
Income Tax Expense	10,177,000	8,623,000	10,469,000	10,919,000
Net Income	37,520,000	31,438,000	34,622,000	36,793,000
Per Share
EPS	1.52	1.29	1.41	1.49
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for 1st Source Corporation (SRCE).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	599,997,000	484,017,000	507,530,000	354,731,000	336,730,000
Cost of Revenue	178,070,000	0	144,126,000	0	0
Gross Profit	421,927,000	484,017,000	363,404,000	354,731,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	111,012,000	13,974,000	121,538,000	136,933,000	122,440,000
Operating Expenses	216,839,000	13,974,000	201,724,000	-167,620,000	0
Operating Income	205,088,000	470,043,000	161,680,000	187,111,000	0
Interest Expense	166,219,000	183,200,000	138,260,000	30,347,000	18,134,000
Income Before Tax	204,377,000	171,057,000	161,680,000	156,787,000	154,885,000
Income Tax Expense	46,118,000	38,439,000	36,746,000	36,255,000	36,328,000
Net Income	158,273,000	132,623,000	124,927,000	120,509,000	118,534,000
Per Share
EPS	6.46	5.46	5.03	4.88	4.64
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for 1st Source Corporation (SRCE).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	69,249,000	76,837,000	77,474,000	84,703,000
Short Term Investments	1,522,486,000	944,690,000	1,622,600,000	1,775,128,000
Net Receivables	0	0	0	380,010,000
Inventory	0	0	0	-147,975,000
Total Current Assets	1,591,735,000	1,021,527,000	130,372,999	2,239,841,000
Property Plant Equipment	65,282,000	64,939,000	66,525,000	76,473,000
Goodwill and Intangibles	83,895,000	83,902,000	167,811,000	83,947,000
Total Assets	9,055,270,000	8,931,938,000	8,727,958,000	8,339,416,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	238,621,000	249,198,000	312,359,000	74,097,000
Total Current Liabilities	126,151,000	7,479,233,000	4,398,920,000	74,097,000
Long Term Debt	102,094,000	75,847,000	106,675,000	105,319,000
Total Liabilities	7,737,180,000	7,750,432,000	7,659,695,000	7,415,650,000
Shareholders Equity
Retained Earnings	1,015,160,000	890,937,000	789,842,000	694,862,000
Total Shareholders Equity	1,274,971,000	1,111,068,000	989,568,000	864,068,000

Balance sheet annual history for 1st Source Corporation (SRCE).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	69,249,000	76,837,000	77,474,000	84,703,000	54,420,000
Short Term Investments	1,522,486,000	944,690,000	1,622,600,000	1,775,128,000	1,863,041,000
Net Receivables	0	0	0	380,010,000	269,469,000
Inventory	0	0	0	-147,975,000	0
Total Current Assets	1,591,735,000	1,021,527,000	130,372,999	2,239,841,000	6,026,662,000
Property Plant Equipment	65,282,000	64,939,000	66,525,000	76,473,000	95,471,000
Goodwill and Intangibles	83,895,000	83,902,000	167,811,000	83,947,000	83,926,000
Total Assets	9,055,270,000	8,931,938,000	8,727,958,000	8,339,416,000	8,096,289,000
Liabilities
Account Payables	0	0	0	0	0
Short Term Debt	238,621,000	249,198,000	312,359,000	74,097,000	5,300,000
Total Current Liabilities	126,151,000	7,479,233,000	4,398,920,000	74,097,000	5,300,000
Long Term Debt	102,094,000	75,847,000	106,675,000	105,319,000	109,417,000
Total Liabilities	7,737,180,000	7,750,432,000	7,659,695,000	7,415,650,000	7,126,825,000
Shareholders Equity
Retained Earnings	1,015,160,000	890,937,000	789,842,000	694,862,000	603,787,000
Total Shareholders Equity	1,274,971,000	1,111,068,000	989,568,000	864,068,000	916,255,000

Cash flow quarterly history for 1st Source Corporation (SRCE).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	158,259,000	132,618,000	124,927,000	120,532,000
Depreciation & Amortization	11,265,000	12,361,000	7,093,000	19,087,000
Stock Based Compensation	6,198,000	5,655,000	4,891,000	3,587,000
Change in Working Capital	38,423,000	23,879,000	39,989,000	19,451,000
Operating Cash Flow	223,117,000	194,074,000	187,936,000	175,530,000
Investing Activities
Capital Expenditure	-10,082,000	-12,367,000	-5,980,000	-2,380,000
Investments	-10,082,000	-12,367,000	-5,980,000	-2,380,000
Investing Cash Flow	-154,220,000	-276,605,000	-358,286,000	-784,872,000
Financing Activities
Debt Repayment	-12,924,000	-75,791,000	-3,450,000	-25,530,000
Common Stock Issued/Repurchased	-13,737,000	-178,000	194,755,000	-6,584,000
Dividends Paid	-38,430,000	-35,396,000	-33,073,999	-32,102,000
Financing Cash Flow	-73,866,000	77,910,000	177,221,000	206,952,000
Summary
Free Cash Flow	213,035,000	181,486,000	181,956,000	173,150,000
Net Change in Cash	-4,969,000	-4,842,000	6,871,000	-402,390,000

Cash flow annual history for 1st Source Corporation (SRCE).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	158,259,000	132,618,000	124,927,000	120,532,000	118,534,000
Depreciation & Amortization	11,265,000	12,361,000	7,093,000	19,087,000	23,999,000
Stock Based Compensation	6,198,000	5,655,000	4,891,000	3,587,000	4,214,000
Change in Working Capital	38,423,000	23,879,000	39,989,000	19,451,000	3,138,000
Operating Cash Flow	223,117,000	194,074,000	187,936,000	175,530,000	166,761,000
Investing Activities
Capital Expenditure	-10,082,000	-12,367,000	-5,980,000	-2,380,000	-2,886,000
Investments	-10,082,000	-12,367,000	-5,980,000	-2,380,000	-2,886,000
Investing Cash Flow	-154,220,000	-276,605,000	-358,286,000	-784,872,000	-598,559,000
Financing Activities
Debt Repayment	-12,924,000	-75,791,000	-3,450,000	-25,530,000	-13,460,000
Common Stock Issued/Repurchased	-13,737,000	-178,000	194,755,000	-6,584,000	-33,136,000
Dividends Paid	-38,430,000	-35,396,000	-33,073,999	-32,102,000	-31,340,000
Financing Cash Flow	-73,866,000	77,910,000	177,221,000	206,952,000	713,938,000
Summary
Free Cash Flow	213,035,000	181,486,000	181,956,000	173,150,000	163,875,000
Net Change in Cash	-4,969,000	-4,842,000	6,871,000	-402,390,000	282,140,000