1st Source Corporation
NASDAQ: SRCE · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
1st Source Corporation (SRCE) Financial statements
SEC filings — annual and quarterly data.
Margin trends — annual
| Year | Revenue | Net income | Gross margin | Op. margin | Profit margin |
|---|---|---|---|---|---|
| 2006 | $285.58M | $39.30M | 65.04% | 20.85% | 13.76% |
| 2007 | $324.21M | $30.54M | 56.14% | 12.86% | 9.42% |
| 2008 | $319.31M | $33.39M | 62.48% | 14.53% | 10.46% |
| 2009 | $285.94M | $25.49M | 63.87% | 11.02% | 8.91% |
| 2010 | $287.32M | $41.24M | 74.82% | 21.05% | 14.35% |
| 2011 | $268.39M | $48.20M | 84.26% | 27.49% | 17.96% |
| 2012 | $263.28M | $49.63M | 86.30% | 28.75% | 18.85% |
| 2013 | $256.80M | $54.96M | 90.83% | 32.69% | 21.40% |
| 2014 | $256.44M | $58.07M | 91.44% | 32.93% | 22.64% |
| 2015 | $268.00M | $57.49M | 92.42% | 33.05% | 21.45% |
| 2016 | $280.70M | $57.79M | 90.05% | 31.75% | 20.59% |
| 2017 | $311.09M | $68.05M | 88.51% | 32.58% | 21.87% |
| 2018 | $354.37M | $82.41M | 82.26% | 29.64% | 23.26% |
| 2019 | $384.01M | $91.96M | 80.51% | 31.29% | 23.95% |
| 2020 | $366.92M | $81.44M | 80.05% | 28.98% | 22.19% |
| 2021 | $354.86M | $118.53M | 96.10% | 43.65% | 33.40% |
| 2022 | $385.08M | $120.51M | 88.68% | 40.72% | 31.29% |
| 2023 | $507.53M | $124.93M | 71.60% | 31.86% | 24.61% |
| 2024 | $570.32M | $132.62M | 65.69% | 29.99% | 23.25% |
| 2025 | $600.00M | $158.27M | 70.32% | 34.18% | 26.38% |
Frequently asked questions
What is 1st Source Corporation's revenue?
1st Source Corporation's trailing twelve-month revenue is $426.31M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is SRCE?
In its most recent fiscal year, SRCE ran a gross margin of 70.32%, an operating margin of 34.18%, and a net margin of 26.38%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does SRCE generate?
SRCE produced $213.03M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is SRCE's balance sheet healthy?
SRCE holds $69.25M in cash and equivalents against $74.31M in long-term debt, on $1.27B of shareholder equity. That debt is best read against the cash flow the business throws off each year.