See more : Medallion Resources Ltd. (MLLOF) 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.
You may be interested
- Godrej Agrovet Limited (GODREJAGRO.BO) Income Statement Analysis – Financial Results
- Sansuy S.A. (SNSY5.SA) Income Statement Analysis – Financial Results
- RSE Archive, LLC (REABS) Income Statement Analysis – Financial Results
- International Public Partnerships Limited (INPP.L) Income Statement Analysis – Financial Results
- Tata Communications Limited (TATACOMM.BO) Income Statement Analysis – Financial Results
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 Bank Named One of America's Best Banks by Forbes
Ranked #14 in Top 100 U.S. Banks and Top Bank in Indiana South Bend, Indiana--(Newsfile Corp. - April 26, 2024) - 1st Source Bank is pleased to announce their #14 ranking on Forbes' America's Best Banks list. The list, according...
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net income per common share was $1.19, up...
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
New Strong Buy Stocks for March 20th
INSW, TOL, SRCE, NS and IMXI have been added to the Zacks Rank #1 (Strong Buy) List on March 20, 2024.
1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know
1st Source (SRCE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Down -5.28% in 4 Weeks, Here's Why You Should You Buy the Dip in 1st Source (SRCE)
The heavy selling pressure might have exhausted for 1st Source (SRCE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock...
1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $124.93 million for the year of 2023, up 3.67% from 2022 and was $28.43 million for the fourth quarter of 2023, down 13.69% from the previous quarter and down 8.49%...
Don't Overlook These Top-Rated Stocks Before Earnings
1ST Source (SRCE) and Fastenal (FAST) are two companies that shouldn't be overlooked ahead of their fourth quarter reports on Thursday, January 18.
1st Source (SRCE) Stock Jumps 5.1%: Will It Continue to Soar?
1st Source (SRCE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
10 Upcoming Dividend Increases, Including A Dividend King
Insights are provided on upcoming dividend increases, indicating strong business performance and a commitment to rewarding shareholders. The lists are created by combining data on companies with a history of dividend growth with their future dividend payments. Includes tables and...
Source: https://incomestatements.info
Category: Stock Reports