SRCE
1st Source Corporation
NASDAQ: SRCE · FINANCIAL SERVICES · BANKS - REGIONAL
$72.60
-2.39% today
Updated 2026-04-29
Market cap
$1.75B
P/E ratio
11.13
P/S ratio
4.10x
EPS (TTM)
$6.52
Dividend yield
2.19%
52W range
$56 – $76
Volume
0.2M
1st Source Corporation (SRCE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $285.58M | $324.21M | $319.31M | $285.94M | $287.32M | $268.39M | $263.28M | $256.80M | $256.44M | $268.00M | $280.70M | $311.09M | $354.37M | $384.01M | $366.92M | $354.86M | $385.08M | $507.53M | $570.32M | $600.00M |
| Revenue growth (YoY) | — | +13.5% | -1.5% | -10.5% | +0.5% | -6.6% | -1.9% | -2.5% | -0.1% | +4.5% | +4.7% | +10.8% | +13.9% | +8.4% | -4.4% | -3.3% | +8.5% | +31.8% | +12.4% | +5.2% |
| Cost of revenue | $99.83M | $142.21M | $119.80M | $103.30M | $72.34M | $42.25M | $36.06M | $23.54M | $21.96M | $20.32M | $27.93M | $35.73M | $62.87M | $74.84M | $73.21M | $13.83M | $43.59M | $144.13M | $195.67M | $178.07M |
| Gross profit | $185.75M | $182.00M | $199.51M | $182.64M | $214.98M | $226.14M | $227.22M | $233.26M | $234.48M | $247.68M | $252.77M | $275.36M | $291.49M | $309.16M | $293.71M | $341.03M | $341.49M | $363.40M | $374.66M | $421.93M |
| Gross margin | 65.0% | 56.1% | 62.5% | 63.9% | 74.8% | 84.3% | 86.3% | 90.8% | 91.4% | 92.4% | 90.0% | 88.5% | 82.3% | 80.5% | 80.0% | 96.1% | 88.7% | 71.6% | 65.7% | 70.3% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $66.61M | $73.94M | $87.51M | $91.04M | $91.34M | $91.17M | $96.13M | $93.87M | $95.51M | $100.39M | $100.16M | $102.28M | $109.21M | $111.65M | $104.16M | $108.48M | $108.73M | $121.54M | $128.05M | $102.16M |
| Operating income | $59.54M | $41.68M | $46.40M | $31.52M | $60.48M | $73.79M | $75.68M | $83.94M | $84.44M | $88.56M | $89.13M | $101.36M | $105.03M | $120.15M | $106.34M | $154.88M | $156.79M | $161.68M | $171.06M | $205.09M |
| Operating margin | 20.8% | 12.9% | 14.5% | 11.0% | 21.0% | 27.5% | 28.7% | 32.7% | 32.9% | 33.0% | 31.8% | 32.6% | 29.6% | 31.3% | 29.0% | 43.6% | 40.7% | 31.9% | 30.0% | 34.2% |
| EBITDA | $83.63M | $66.18M | $74.00M | $59.97M | $88.60M | $99.08M | $98.04M | $102.89M | $104.36M | $113.05M | $117.53M | $133.32M | $137.85M | $155.43M | $137.42M | $178.88M | $175.87M | $177.14M | $183.42M | $214.03M |
| EBITDA margin | 29.3% | 20.4% | 23.2% | 21.0% | 30.8% | 36.9% | 37.2% | 40.1% | 40.7% | 42.2% | 41.9% | 42.9% | 38.9% | 40.5% | 37.5% | 50.4% | 45.7% | 34.9% | 32.2% | 35.7% |
| EBIT | $59.54M | $41.68M | $46.40M | $31.52M | $60.48M | $73.79M | $75.68M | $83.53M | $84.44M | $88.56M | $89.13M | $101.36M | $105.03M | $120.15M | $106.34M | $154.88M | $156.79M | $161.68M | $171.06M | $205.09M |
| Interest expense | $102.56M | $134.68M | $103.15M | $72.20M | $53.13M | $39.12M | $30.31M | $22.77M | $18.23M | $18.16M | $22.10M | $26.75M | $43.41M | $59.01M | $37.21M | $18.13M | $30.35M | $138.26M | $183.20M | $166.22M |
| Income tax | $20.25M | $11.14M | $13.02M | $6.03M | $19.23M | $25.59M | $26.05M | $28.98M | $26.37M | $31.08M | $31.34M | $33.31M | $22.61M | $28.14M | $24.88M | $36.33M | $36.26M | $36.75M | $38.44M | $46.12M |
| Effective tax rate | 34.0% | 26.7% | 28.0% | 19.1% | 31.8% | 34.7% | 34.4% | 34.5% | 31.2% | 35.1% | 35.2% | 32.9% | 21.5% | 23.4% | 23.4% | 23.5% | 23.1% | 22.7% | 22.5% | 22.6% |
| Net income | $39.30M | $30.54M | $33.39M | $25.49M | $41.24M | $48.20M | $49.63M | $54.96M | $58.07M | $57.49M | $57.79M | $68.05M | $82.41M | $91.96M | $81.44M | $118.53M | $120.51M | $124.93M | $132.62M | $158.27M |
| Net income growth (YoY) | — | -22.3% | +9.3% | -23.7% | +61.8% | +16.9% | +3.0% | +10.7% | +5.7% | -1.0% | +0.5% | +17.8% | +21.1% | +11.6% | -11.4% | +45.6% | +1.7% | +3.7% | +6.2% | +19.3% |
| Profit margin | 13.8% | 9.4% | 10.5% | 8.9% | 14.4% | 18.0% | 18.9% | 21.4% | 22.6% | 21.4% | 20.6% | 21.9% | 23.3% | 23.9% | 22.2% | 33.4% | 31.3% | 24.6% | 23.3% | 26.4% |