See more : RDVA, Inc. (RDVA) Income Statement Analysis – Financial Results
Complete financial analysis of 1st Source Corporation (SRCE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of 1st Source Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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1st Source Corporation (SRCE)
About 1st Source Corporation
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. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 363.40M | 354.73M | 336.73M | 329.71M | 325.00M | 310.96M | 284.34M | 258.60M | 249.84M | 238.22M | 234.03M | 232.97M | 229.27M | 234.19M | 213.74M | 216.16M | 189.53M | 183.02M | 166.96M | 161.42M | 183.45M | 191.80M | 211.62M | 178.88M | 163.00M | 145.40M | 121.70M | 100.90M | 89.70M | 80.10M | 73.80M | 68.30M | 61.80M | 56.80M | 53.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 363.40M | 354.73M | 336.73M | 329.71M | 325.00M | 310.96M | 284.34M | 258.60M | 249.84M | 238.22M | 234.03M | 232.97M | 229.27M | 234.19M | 213.74M | 216.16M | 189.53M | 183.02M | 166.96M | 161.42M | 183.45M | 191.80M | 211.62M | 178.88M | 163.00M | 145.40M | 121.70M | 100.90M | 89.70M | 80.10M | 73.80M | 68.30M | 61.80M | 56.80M | 53.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 121.54M | 136.93M | 122.44M | 113.88M | 111.65M | 109.21M | 102.28M | 100.16M | 100.39M | 95.51M | 93.87M | 96.13M | 93.86M | 93.80M | 86.76M | 83.75M | 73.94M | 66.61M | 69.77M | 63.08M | 69.46M | 67.40M | 62.61M | 54.57M | 52.50M | 47.30M | 41.80M | 36.10M | 32.60M | 28.30M | 27.50M | 24.90M | 22.80M | 21.00M | 19.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 7.16M | 5.82M | 8.01M | 4.16M | 6.30M | 6.11M | 7.48M | 4.94M | 4.84M | 6.05M | 4.94M | 4.23M | 4.03M | 3.77M | 3.49M | 3.75M | 4.79M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 121.54M | 136.93M | 122.44M | 113.88M | 111.65M | 109.21M | 102.28M | 100.16M | 100.39M | 95.51M | 93.87M | 96.13M | 97.89M | 97.57M | 90.25M | 3.75M | 78.73M | 66.61M | 69.77M | 63.08M | 69.46M | 67.40M | 62.61M | 54.57M | 52.50M | 50.90M | 41.80M | 36.10M | 32.60M | 28.30M | 27.50M | 24.90M | 22.80M | 21.00M | 19.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 247.73M | -304.55M | -304.31M | -337.27M | -316.55M | -271.73M | -251.75M | -240.82M | -237.30M | -225.03M | -214.89M | -215.95M | -207.61M | -210.75M | -192.34M | -62.21M | -91.90M | -87.52M | -117.25M | -137.65M | -166.65M | -166.98M | -91.28M | -45.43M | -60.50M | -45.60M | -35.30M | -28.00M | -25.40M | -34.30M | -32.90M | -22.80M | -6.30M | 6.70M | 8.90M | 9.50M | 8.10M | 7.10M | 2.30M |
| Operating Expenses | 369.27M | -167.62M | -181.87M | -223.39M | -204.90M | -162.52M | -149.47M | -140.65M | -136.91M | -129.52M | -121.02M | -119.82M | -109.72M | -113.17M | -102.09M | -58.46M | -13.17M | -20.91M | -47.48M | -74.57M | -97.20M | -99.58M | -28.67M | 9.15M | -8.00M | 5.30M | 6.50M | 8.10M | 7.20M | -6.00M | -5.40M | 2.10M | 16.50M | 27.70M | 28.50M | 9.50M | 8.10M | 7.10M | 2.30M |
| Cost & Expenses | 369.27M | -167.62M | -181.87M | -223.39M | -204.90M | -162.52M | -149.47M | -140.65M | -136.91M | -129.52M | -121.02M | -119.82M | -109.72M | -113.17M | -102.09M | -58.46M | -13.17M | -20.91M | -47.48M | -74.57M | -97.20M | -99.58M | -28.67M | 9.15M | -8.00M | 5.30M | 6.50M | 8.10M | 7.20M | -6.00M | -5.40M | 2.10M | 16.50M | 27.70M | 28.50M | 9.50M | 8.10M | 7.10M | 2.30M |
| Interest Income | 416.91M | 293.82M | 254.77M | 263.03M | 282.88M | 257.32M | 212.39M | 191.76M | 184.68M | 178.55M | 179.59M | 182.09M | 187.52M | 200.63M | 200.41M | 235.31M | 253.59M | 208.99M | 168.53M | 151.44M | 162.32M | 199.50M | 242.18M | 235.39M | 200.40M | 196.10M | 173.30M | 148.80M | 135.10M | 112.90M | 104.10M | 106.60M | 111.10M | 115.50M | 111.80M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 138.26M | 30.35M | 18.13M | 37.21M | 59.01M | 43.41M | 26.75M | 22.10M | 18.16M | 18.23M | 22.77M | 30.31M | 39.12M | 53.13M | 72.20M | 103.15M | 134.68M | 102.56M | 70.10M | 52.75M | 59.07M | 80.82M | 123.40M | 130.43M | 100.70M | 102.20M | 87.30M | 73.40M | 64.90M | 47.70M | 44.60M | 50.20M | 60.50M | 69.30M | 68.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 15.46M | 17.80M | 21.88M | 28.72M | 33.96M | 31.87M | 30.87M | 26.92M | 18.28M | 13.89M | 13.06M | 15.20M | 18.65M | 20.72M | 20.52M | 19.45M | 24.50M | 24.08M | 29.15M | 34.07M | 38.90M | 39.24M | 31.97M | 27.40M | 24.30M | 13.60M | 9.20M | 5.10M | 3.60M | 3.30M | 2.90M | 2.50M | 1.40M | 1.40M | 1.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 172.91M | 167.36M | 120.39M | 150.91M | 134.63M | 128.84M | 112.97M | 112.31M | 104.05M | 102.89M | 96.44M | 96.17M | 85.32M | 60.95M | 0.00 | 0.00 | 0.00 | 64.94M | 68.17M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9.50M | 8.10M | 7.10M | 2.30M |
| EBITDA Ratio | 0.00% | 55.57% | 50.06% | 38.37% | 44.69% | 58.29% | 56.30% | 53.99% | 52.52% | 51.46% | 53.87% | 55.09% | 60.28% | 60.52% | 61.84% | 81.95% | 105.98% | 101.73% | 89.02% | 74.91% | 68.22% | 68.54% | 101.56% | 120.43% | 110.00% | 113.00% | 112.90% | 113.08% | 112.04% | 96.63% | 96.61% | 106.73% | 128.96% | 151.23% | 155.22% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 0.00 | 187.11M | 154.86M | 106.32M | 120.10M | 148.44M | 134.86M | 117.95M | 112.93M | 108.69M | 113.01M | 113.15M | 119.55M | 121.01M | 111.65M | 157.70M | 176.36M | 162.10M | 119.48M | 86.85M | 86.25M | 92.22M | 182.95M | 188.03M | 155.00M | 150.70M | 128.20M | 109.00M | 96.90M | 74.10M | 68.40M | 70.40M | 78.30M | 84.50M | 82.10M | 9.50M | 8.10M | 7.10M | 2.30M |
| Operating Income Ratio | 0.00% | 52.75% | 45.99% | 32.25% | 36.95% | 47.74% | 47.43% | 45.61% | 45.20% | 45.63% | 48.29% | 48.57% | 52.14% | 51.67% | 52.24% | 72.95% | 93.05% | 88.57% | 71.56% | 53.80% | 47.02% | 48.08% | 86.45% | 105.11% | 95.09% | 103.65% | 105.34% | 108.03% | 108.03% | 92.51% | 92.68% | 103.07% | 126.70% | 148.77% | 153.17% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 161.68M | -3.69M | -1.87M | -3.42M | -4.24M | -6.40M | -5.67M | -4.75M | -4.23M | -4.76M | -7.49M | -9.14M | 0.00 | 0.00 | 0.00 | 672.00K | -4.11M | 0.00 | -29.15M | -11.77M | -59.07M | -80.82M | -123.40M | -130.43M | -100.70M | -102.20M | -87.30M | -73.40M | -64.90M | -47.70M | -44.60M | -49.50M | -60.50M | -69.30M | -68.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 161.68M | 156.79M | 154.89M | 106.34M | 120.15M | 105.03M | 101.36M | 89.13M | 88.56M | 84.44M | 83.94M | 75.68M | 73.79M | 60.48M | 31.52M | 46.40M | 41.68M | 59.54M | 49.38M | 34.10M | 27.18M | 11.41M | 59.56M | 57.60M | 54.30M | 48.50M | 40.90M | 35.60M | 32.00M | 26.40M | 23.80M | 20.90M | 17.80M | 15.20M | 13.60M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 44.49% | 44.20% | 46.00% | 32.25% | 36.97% | 33.78% | 35.65% | 34.46% | 35.45% | 35.45% | 35.87% | 32.49% | 32.18% | 25.82% | 14.75% | 21.47% | 21.99% | 32.53% | 29.57% | 21.13% | 14.82% | 5.95% | 28.14% | 32.20% | 33.31% | 33.36% | 33.61% | 35.28% | 35.67% | 32.96% | 32.25% | 30.60% | 28.80% | 26.76% | 25.37% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 36.75M | 36.26M | 36.33M | 24.88M | 28.14M | 22.61M | 33.31M | 31.34M | 31.08M | 26.37M | 28.99M | 26.05M | 25.59M | 19.23M | 6.03M | 13.02M | 11.14M | 20.25M | 15.63M | 9.14M | 8.03M | 1.37M | 21.06M | 20.03M | 18.50M | 17.50M | 14.40M | 12.40M | 11.00M | 7.90M | 7.10M | 6.30M | 5.20M | 3.30M | 3.00M | -9.50M | -8.10M | -7.10M | -2.30M |
| Net Income | 124.93M | 120.51M | 118.53M | 81.44M | 91.96M | 82.41M | 68.05M | 57.79M | 57.49M | 58.07M | 54.96M | 49.63M | 48.20M | 41.24M | 25.49M | 33.39M | 30.54M | 39.30M | 33.75M | 24.97M | 19.15M | 10.04M | 38.50M | 37.57M | 35.80M | 31.00M | 26.50M | 23.20M | 21.00M | 18.50M | 16.70M | 13.90M | 12.60M | 11.90M | 10.60M | 9.50M | 8.10M | 7.10M | 2.30M |
| Net Income Ratio | 34.38% | 33.97% | 35.20% | 24.70% | 28.30% | 26.50% | 23.93% | 22.35% | 23.01% | 24.38% | 23.48% | 21.30% | 21.02% | 17.61% | 11.93% | 15.44% | 16.11% | 21.47% | 20.21% | 15.47% | 10.44% | 5.23% | 18.19% | 21.00% | 21.96% | 21.32% | 21.77% | 22.99% | 23.41% | 23.10% | 22.63% | 20.35% | 20.39% | 20.95% | 19.78% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 5.03 | 4.88 | 4.70 | 3.17 | 3.57 | 3.18 | 2.62 | 2.22 | 2.20 | 2.21 | 2.05 | 1.86 | 1.81 | 1.55 | 0.96 | 1.26 | 1.18 | 1.58 | 1.22 | 1.00 | 0.76 | 0.40 | 1.53 | 1.42 | 1.51 | 1.11 | 0.69 | 0.49 | 0.77 | 0.72 | 0.68 | 0.54 | 0.51 | 0.49 | 0.45 | 0.37 | 0.31 | 0.29 | 0.11 |
| EPS Diluted | 5.03 | 4.88 | 4.70 | 3.17 | 3.57 | 3.18 | 2.62 | 2.22 | 2.20 | 2.21 | 2.05 | 1.86 | 1.81 | 1.55 | 0.96 | 1.24 | 1.16 | 1.56 | 1.21 | 0.98 | 0.75 | 0.39 | 1.50 | 1.41 | 1.49 | 1.09 | 0.69 | 0.49 | 0.42 | 0.72 | 0.68 | 0.54 | 0.51 | 0.49 | 0.45 | 0.37 | 0.31 | 0.29 | 0.11 |
| Weighted Avg Shares Out | 24.62M | 24.69M | 25.04M | 25.53M | 25.60M | 25.94M | 25.93M | 25.88M | 26.17M | 26.25M | 26.78M | 26.69M | 26.66M | 26.66M | 26.58M | 26.51M | 25.84M | 24.84M | 27.59M | 24.97M | 25.19M | 25.31M | 25.18M | 26.37M | 23.65M | 27.85M | 38.28M | 47.38M | 27.13M | 25.61M | 24.52M | 25.55M | 24.83M | 24.49M | 23.51M | 25.83M | 25.99M | 24.27M | 21.88M |
| Weighted Avg Shares Out (Dil) | 24.62M | 24.69M | 25.04M | 25.53M | 25.60M | 25.94M | 25.93M | 26.06M | 26.17M | 26.25M | 26.78M | 26.71M | 26.67M | 26.66M | 26.64M | 26.83M | 26.24M | 25.13M | 27.97M | 25.38M | 25.47M | 25.85M | 25.59M | 26.67M | 24.03M | 28.53M | 38.28M | 47.38M | 49.92M | 25.61M | 24.52M | 25.55M | 24.83M | 24.49M | 23.51M | 25.83M | 25.99M | 24.27M | 21.88M |
1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of...
Why 1st Source (SRCE) Could Beat Earnings Estimates Again
1st Source (SRCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
1st Source (SRCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
1st Source (SRCE) is a Great Momentum Stock: Should You Buy?
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Source: https://incomestatements.info
Category: Stock Reports