1ST SOURCE CORPSRCEEarnings & Financial Report
1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.
SRCE Q1 FY2026 Key Financial Metrics
Revenue
$113.1M
Gross Profit
N/A
Operating Profit
$51.4M
Net Profit
$40.0M
Gross Margin
N/A
Operating Margin
45.4%
Net Margin
35.3%
YoY Growth
8.7%
EPS
$1.63
1ST SOURCE CORP Q1 FY2026 Financial Summary
1ST SOURCE CORP reported revenue of $113.1M (up 8.7% YoY) for Q1 FY2026, with a net profit of $40.0M (up 6.5% YoY) (35.3% margin).
Key Financial Metrics
| Total Revenue | $113.1M |
|---|---|
| Net Profit | $40.0M |
| Gross Margin | N/A |
| Operating Margin | 45.4% |
| Report Period | Q1 FY2026 |
1ST SOURCE CORP Annual Revenue by Year
1ST SOURCE CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $433.8M).
1ST SOURCE CORP Quarterly Revenue & Net Profit History
1ST SOURCE CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $113.1M | +8.7% | $40.0M | 35.3% |
| Q4 FY2025 | $110.8M | +13.3% | $41.1M | 37.1% |
| Q3 FY2025 | $110.7M | +13.0% | $42.3M | 38.2% |
| Q2 FY2025 | $108.2M | +11.3% | $37.3M | 34.5% |
| Q1 FY2025 | $104.0M | +10.6% | $37.5M | 36.1% |
| Q4 FY2024 | $97.8M | +7.0% | $31.4M | 32.1% |
| Q3 FY2024 | $97.9M | +4.5% | $34.9M | 35.7% |
| Q2 FY2024 | $97.3M | +6.6% | $36.8M | 37.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $97.3M | $97.9M | $97.8M | $104.0M | $108.2M | $110.7M | $110.8M | $113.1M |
| YoY Growth | 6.6% | 4.5% | 7.0% | 10.6% | 11.3% | 13.0% | 13.3% | 8.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $8.88B | $8.76B | $8.93B | $8.96B | $9.09B | $9.06B | $9.06B | $9.11B |
| Liabilities | $7.76B | $7.59B | $7.75B | $7.74B | $7.83B | $7.77B | $7.74B | $7.79B |
| Equity | $1.04B | $1.10B | $1.11B | $1.16B | $1.20B | $1.24B | $1.27B | $1.28B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $50.0M | $68.4M | $193.9M | $71.8M | $44.9M | $51.0M | $223.1M | $59.1M |