1st Source Corporation | Small-cap | Financial Services
$58.31
-2.95%
| 1st Source Stock Comparison:
1st Source vs Nu Holdings1st Source vs U.S. Bancorp1st Source vs OFG Bancorp1st Source vs Northwest Bancshares1st Source vs LendingClub1st Source vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 108.2M
Net Income 37.3M 34.48%
EPS (Diluted) $1.51

Balance Sheet Metrics

Total Assets 9.0B
Total Liabilities 7.7B
Shareholders Equity 1.2B
Debt to Equity 6.34

Cash Flow Metrics

Operating Cash Flow 69.2M
Free Cash Flow 69.3M

Revenue & Profitability Trend

1st Source Income Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Revenue i 387.1M 369.3M 354.7M 336.7M 329.7M
Cost of Goods Sold i - - - - -
Gross Profit i - - - - -
Gross Margin % i 0.0% 0.0% 0.0% 0.0% 0.0%
Operating Expenses
Research & Development i - - - - -
Selling, General & Administrative i 128.1M 121.5M 108.7M 108.5M 104.2M
Other Operating Expenses i - - - - -
Total Operating Expenses i 128.1M 121.5M 108.7M 108.5M 104.2M
Operating Income i - - - - -
Operating Margin % i 0.0% 0.0% 0.0% 0.0% 0.0%
Non-Operating Items
Interest Income i - - - - -
Interest Expense i - - - - -
Other Non-Operating Income - - - - -
Pre-tax Income i 171.1M 161.7M 156.8M 154.9M 106.3M
Income Tax i 38.4M 36.7M 36.3M 36.3M 24.9M
Effective Tax Rate % i 22.5% 22.7% 23.1% 23.5% 23.4%
Net Income i 132.6M 124.9M 120.5M 118.6M 81.5M
Net Margin % i 34.3% 33.8% 34.0% 35.2% 24.7%
Key Metrics
EBITDA i - - - - -
EPS (Basic) i $5.36 $5.03 $4.84 $4.70 $3.17
EPS (Diluted) i $5.36 $5.03 $4.84 $4.70 $3.17
Basic Shares Outstanding i 24496148 24615546 24687324 25038127 25527154
Diluted Shares Outstanding i 24496148 24615546 24687324 25038127 25527154

Income Statement Trend

1st Source Balance Sheet From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Assets
Current Assets
Cash & Equivalents i 76.8M 77.5M 84.7M 54.4M 74.2M
Short-term Investments i 944.7M 1.6B 1.8B 1.9B 1.2B
Accounts Receivable i - - - - -
Inventory i - - - - -
Other Current Assets - - - - -
Total Current Assets i - - - - -
Non-Current Assets
Property, Plant & Equipment i 23.8M 41.4M 61.0M 95.0M 116.8M
Goodwill i 167.8M 167.8M 167.8M 167.8M 167.8M
Intangible Assets i 2.0K 21.0K 40.0K 60.0K 82.0K
Long-term Investments - - - - -
Other Non-Current Assets - - - - -
Total Non-Current Assets i - - - - -
Total Assets i 8.9B - - - -
Liabilities
Current Liabilities
Accounts Payable i - - - - -
Short-term Debt i 176.9M 256.6M 74.1M 5.3M 7.1M
Current Portion of Long-term Debt - - - - -
Other Current Liabilities - - - - -
Total Current Liabilities i - - - - -
Non-Current Liabilities
Long-term Debt i 75.8M 85.0M 87.4M 109.4M 120.3M
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities - - - - -
Total Non-Current Liabilities i - - - - -
Total Liabilities i 7.8B - - - -
Equity
Common Stock i 436.5M 436.5M 436.5M 436.5M 436.5M
Retained Earnings i 890.9M 789.8M 694.9M 603.8M 514.2M
Treasury Stock i 129.2M 130.5M 119.6M 114.2M 82.2M
Other Equity - - - - -
Total Shareholders Equity i 1.2B 1.1B 923.8M 969.5M 930.7M
Key Metrics
Total Debt i 252.7M 341.6M 161.5M 114.7M 127.3M
Working Capital i 0 0 0 0 0

Balance Sheet Composition

1st Source Cash Flow Statement From 2020 to 2024

Metric 2024 2023 2022 2021 2020
Operating Activities
Net Income i 132.6M 124.9M 120.5M 118.6M 81.5M
Depreciation & Amortization i 12.4M 15.5M 19.1M 24.0M 31.1M
Stock-Based Compensation i 5.7M 4.9M 3.6M 4.2M 3.3M
Working Capital Changes i 23.9M 40.0M 19.5M 3.1M 12.0M
Operating Cash Flow i 176.7M 176.1M 159.8M 171.6M 124.6M
Investing Activities
Capital Expenditures i -6.9M -1.6M 4.4M 156.0K 23.6M
Acquisitions i - - - - -
Investment Purchases i -324.7M -47.5M -327.5M -1.1B -597.3M
Investment Sales i 432.0M 247.7M 232.1M 435.8M 453.0M
Investing Cash Flow i 172.9M 271.5M -39.7M -664.7M -55.7M
Financing Activities
Share Repurchases i -178.0K -12.5M -6.8M -33.1M -6.4M
Dividends Paid i -35.4M -33.1M -32.1M -31.3M -29.8M
Debt Issuance i - - 0 0 10.0M
Debt Repayment i -12.6M -3.4M -25.5M -13.5M -2.9M
Financing Cash Flow i -113.7M 66.8M -42.5M -19.2M -894.0K
Free Cash Flow i 181.5M 182.0M 173.2M 163.9M 151.6M
Net Change in Cash i 235.9M 514.5M 77.6M -512.3M 68.0M

Cash Flow Trend

1st Source Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 10.63
Forward P/E 11.52
Price to Book 1.24
Price to Sales 3.81
PEG Ratio 7.92

Profitability Ratios

Profit Margin 36.04%
Operating Margin 49.29%
Return on Equity 11.90%
Return on Assets 1.57%

Financial Health

Debt to Equity 0.18
Beta 0.66

Per Share Data

EPS (TTM) $5.70
Book Value per Share $48.86
Revenue per Share $15.97

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
srce 1.5B 10.63 1.24 11.90% 36.04% 0.18
Nu Holdings 74.7B 32.19 7.64 27.88% 39.32% 0.36
U.S. Bancorp 73.5B 11.36 1.36 11.67% 27.00% 1.34
OFG Bancorp 1.9B 9.95 1.42 15.20% 31.43% 0.38
Northwest Bancshares 1.8B 11.13 0.97 8.97% 25.54% 0.29
LendingClub 1.8B 24.06 1.26 5.50% 5.93% 1.59

Financial data is updated regularly. All figures are in the company's reporting currency.