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.
Revenue
$104.0M
Gross Profit
N/A
Operating Profit
$47.7M
Net Profit
$37.5M
Gross Margin
N/A
Operating Margin
45.8%
Net Margin
36.1%
YoY Growth
10.6%
EPS
$1.52
1ST SOURCE CORP Q1 FY2025 Financial Summary
1ST SOURCE CORP reported revenue of $104.0M (up 10.6% YoY) for Q1 FY2025, with a net profit of $37.5M (up 27.4% YoY) (36.1% margin).
Key Financial Metrics
| Total Revenue | $104.0M |
|---|---|
| Net Profit | $37.5M |
| Gross Margin | N/A |
| Operating Margin | 45.8% |
| Report Period | Q1 FY2025 |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $433.8M |
| 2024 | $387.1M |
| 2023 | $278.6M |
| 2022 | $263.5M |
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 |