1st Source Corporation (SRCE)
Nasdaq Market Open
1st Source Corporation is a financial holding company best known for 1st Source Bank, a long-established community and commercial banking franchise based in South Bend, Indiana. The company serves individuals, privately held businesses, municipalities, and professionals across parts of Indiana and Michigan, combining local banking relationships with several specialized lending businesses.
Its commercial banking operations include business loans, small business credit, agricultural lending, commercial real estate financing, treasury management, merchant services, ACH processing, wire transfers, and other payment solutions. For consumers, 1st Source offers checking and savings accounts, mortgages, home equity products, personal loans, credit cards, and digital banking services. The company also provides trust, investment management, wealth advisory, and insurance products, giving it revenue sources beyond traditional loan interest.
A distinguishing feature of 1st Source is its Specialty Finance division. Through this business, the company finances aircraft, construction equipment, trucks, automobiles, and other vehicle or equipment categories for commercial borrowers. It also participates in renewable energy financing, including lending tied to commercial solar projects. These niches can offer attractive relationship opportunities, but they require industry-specific underwriting expertise and careful risk management.
For investors, SRCE is primarily a regional bank stock with added exposure to specialized equipment and transportation finance. Its earnings are influenced by interest rates, deposit competition, credit quality, loan demand, fee income, and economic activity in its core markets. The company’s diversified banking, wealth, insurance, and specialty finance operations make it broader than a simple deposit-and-loan community bank, while still retaining a relationship-driven regional banking profile.
Last updated
- Market Cap
- $1,954,153,260
- P/E
- 12.32
- P/FCF
- 9.62
- P/S
- 3.24
- Enterprise Value
- $2,116,544,260
- Sector
- Financials
- Industry
- State Commercial Banks
- Address
- 100 NORTH MICHIGAN STREET, SOUTH BEND, IN, 46601
No recent news is linked to this listing.
- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- $1,954,153,260
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- $2,116,544,260
- P/E
P/E ratio compares a company's share price to its earnings per share.
- 12.32
- P/B
P/B ratio compares a company's share price to its book value per share.
- 1.53
- P/S
P/S ratio compares a company's share price to its revenue per share.
- 3.24
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- 10.17
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- 3.51
- EPS
- 6.59
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 2.07%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 9.62
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 9.28
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- $203,227,000
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- 12.41%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- 1.74%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 0.18
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 12.3
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 12.3
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.5
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- $127,083
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 81.19
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | 149.13M | 150.52M | 152.79M | 150.27M | 146.41M |
| Gross profit | 113.14M | 110.83M | 110.66M | 108.25M | 104.04M |
| Operating income | 51.35M | 53.56M | 54.98M | 48.13M | 47.7M |
| EBITDA | 51.35M | 53.56M | 54.98M | 48.13M | 47.7M |
| Net income | 39.57M | 39.73M | 42.3M | 37.01M | 37.2M |
| Basic EPS | 1.63 | 1.67 | 1.71 | 1.51 | 1.52 |
| Diluted EPS | 1.63 | 1.67 | 1.71 | 1.51 | 1.52 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 9.11B | 9.06B | 9.06B | 9.09B | 8.96B |
| Total liabilities | 7.79B | 7.74B | 7.77B | 7.83B | 7.74B |
| Total equity | 1.32B | 1.32B | 1.29B | 1.26B | 1.22B |
| Cash & equivalents | 67.67M | 69.25M | 75.32M | 88.81M | 87.82M |
| Current assets | 1.67B | 1.66B | 1.73B | 1.63B | 1.75B |
| Current liabilities | 135.79M | 126.15M | 1.38M | 51.82M | 1.15M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 59.14M | 55.43M | 51.05M | 44.85M | 71.79M |
| Investing cash flow | -67.43M | -114.41M | 100.46M | -179.57M | 39.3M |
| Financing cash flow | 7.24M | -35.42M | -86.35M | 61M | -13.1M |
| Change in cash | -1.05M | -94.4M | 65.15M | -73.71M | 97.99M |
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| Kind | Filing | Date | Link |
|---|---|---|---|
| form 4 | Form 4 — Melody Birmingham | View Filing | |
| form 4 | Form 4 — John B Griffith | View Filing | |
| form 4 | Form 4 — Melody Birmingham | View Filing | |
| form 4 | Form 4 — Melody Birmingham | View Filing |
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