Financial Services · Banks - Regional
Price
$81.74
Market Cap
$2.0B
Employees
1,205
Beta
0.58
Avg Volume
139,220
CEO
Andrea Gayle Short
Business Description
As the parent company of 1st Source Bank, 1st Source Corporation delivers a comprehensive suite of financial solutions, encompassing commercial and retail banking, wealth management, and insurance offerings, to both individual and corporate customers. For individual clients, the bank provides essential services such as checking, savings, certificates of deposit, and individual retirement accounts, complemented by digital conveniences like online and mobile banking. Various lending options are available, including personal loans, home mortgages, and home equity lines of credit, along with financial planning, literacy programs, consultative support, and debit and credit card facilities. Businesses benefit from a range of financial products, including commercial, small business, agricultural, and real estate loans, which support diverse corporate needs from acquiring properties and equipment to financing accounts receivables and renewable energy projects. Additionally, the corporation provides commercial leasing, sophisticated treasury management, and retirement planning solutions. Through its wealth advisory segment, the company delivers trust, investment, agency, and custodial services, encompassing the administration of estates and personal trusts, along with the professional management of investment portfolios for individuals, employee benefit plans, and charitable organizations. A specialized focus includes financing and leasing a wide variety of equipment, such as construction machinery, new and used aircraft, various truck types (light, medium, heavy-duty, step vans, vocational work trucks), motor coaches, shuttle buses, funeral vehicles, and automobiles, among other specialized equipment. The company also offers a full spectrum of insurance solutions, spanning corporate and personal property, casualty coverage, and individual or group health and life policies. As of December 31, 2021, 1st Source Corporation maintained 79 banking branches across 18 counties in Indiana and Michigan, alongside a presence in Sarasota County, Florida. Established in 1863, its corporate headquarters are located in South Bend, Indiana.
Business History
Price Overview
Last updated: Jul 1, 2026 12:33pm (just now)$83.02
+1.44 (+1.77%)
Day Range
$80.00 – $83.09
52-Week Range
$56.89 – $86.64
50-Day MA
$75.07
200-Day MA
$67.59
Volume
35,172.54
Analyst Price Targets
Low
$74.00
Consensus
$81.00
High
$88.00
(6 analysts)
Share Structure
Outstanding
24,068,900.00
Float
17,653,142.00
Free Float
73.3%
Normal free float
— 73.3% of shares trade freely, ~26.7% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
12.54
Stock Price: $81.74
EPS (Diluted): 6.46
EPS (Diluted): 6.46
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.20
Stock Price: $81.74
Total Equity: $1.27B
Shares: 24,391,070
Total Equity: $1.27B
Shares: 24,391,070
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
10.63
Market Cap: $1.97B
Total Debt: $340.72M
Cash: $69.25M
EBITDA: $214.03M
Total Debt: $340.72M
Cash: $69.25M
EBITDA: $214.03M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.8B
Market Cap: $1.97B
Total Debt: $340.72M
Cash: $69.25M
Total Debt: $340.72M
Cash: $69.25M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
70.3%
Gross Profit: $421.93M
Revenue: $600.00M
Revenue: $600.00M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
34.2%
Operating Income: $205.09M
Revenue: $600.00M
Revenue: $600.00M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
26.4%
Net Income: $158.27M
Revenue: $600.00M
Revenue: $600.00M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.9%
Net Income: $158.27M
Total Equity: $1.27B
Total Equity: $1.27B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
8.6%
Operating Income: $205.09M
Tax Rate: 22.6%
Equity: $1.27B
Total Debt: $340.72M
Cash: $69.25M
Tax Rate: 22.6%
Equity: $1.27B
Total Debt: $340.72M
Cash: $69.25M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
12.62
Current Assets: $1.59B
Current Liabilities: $126.15M
Current Liabilities: $126.15M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.27
Short-Term Debt: $238.62M
Long-Term Debt: $102.09M
Total Debt: $340.72M
Total Equity: $1.27B
Long-Term Debt: $102.09M
Total Debt: $340.72M
Total Equity: $1.27B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$24.60
Revenue: $600.00M
Shares: 24,391,070
Shares: 24,391,070
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$52.27
Total Equity: $1.27B
Shares: 24,391,070
Shares: 24,391,070
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$8.73
Operating CF: $223.12M
CapEx: -$10.08M
Shares: 24,391,070
CapEx: -$10.08M
Shares: 24,391,070
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.5%
Last Dividend: N/A
Stock Price: $81.74
Stock Price: $81.74
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $158.27M
Net Income: $158.27M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SRCE against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 1, 2026 12:33pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $354.9M | $385.1M | $507.5M | $570.3M | $600.0M |
| Cost of Revenue | $13.8M | $43.6M | $144.1M | $195.7M | $178.1M |
| Gross Profit | $341.0M | $341.5M | $363.4M | $374.7M | $421.9M |
| Operating Expenses | $185.3M | $184.7M | $201.7M | $203.6M | $216.8M |
| Operating Income | $154.9M | $156.8M | $161.7M | $171.1M | $205.1M |
| Net Income | $118.5M | $120.5M | $124.9M | $132.6M | $158.3M |
| EBITDA | $178.9M | $175.9M | $177.1M | $183.4M | $214.0M |
| EPS | $4.70 | $4.84 | $5.03 | $5.36 | $6.46 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 1, 2026 12:33pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $54.4M | $84.7M | $77.5M | $76.8M | $69.2M |
| Total Current Assets | $2.2B | $2.2B | $1.7B | $1.0B | $1.6B |
| Total Assets | $8.1B | $8.3B | $8.7B | $8.9B | $9.1B |
| Current Liabilities | $7.0B | $7.3B | $7.4B | $7.5B | $126.2M |
| Long-Term Debt | $109.4M | $87.4M | $85.0M | $75.8M | $102.1M |
| Total Liabilities | $7.1B | $7.4B | $7.7B | $7.8B | $7.7B |
| Total Equity | $916.3M | $864.1M | $989.6M | $1.1B | $1.3B |
| Retained Earnings | $603.8M | $694.9M | $789.8M | $890.9M | $1.0B |
Cash Flow (Annual)
Last updated: Jul 1, 2026 12:33pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $166.8M | $175.5M | $187.9M | $194.1M | $223.1M |
| Capital Expenditure | -$2.9M | -$2.4M | -$6.0M | -$12.4M | -$10.1M |
| Free Cash Flow | $163.9M | $173.2M | $182.0M | $181.5M | $213.0M |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$33.1M | -$6.8M | -$12.5M | $-178,000 | -$13.9M |
| Net Change in Cash | $282.1M | -$402.4M | $6.9M | -$4.8M | -$5.0M |
Analyst Estimates (Annual)
Last updated: Jul 1, 2026 12:33pm (just now)| Metric | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| Revenue |
$387.2M $385.6M – $390.0M
|
$436.1M $434.3M – $439.2M
|
$459.3M $457.5M – $462.6M
|
$473.6M $471.7M – $477.0M
|
| EBITDA |
$154.0M $153.3M – $155.1M
|
$173.4M $172.7M – $174.6M
|
$182.6M $181.9M – $184.0M
|
$188.3M $187.6M – $189.7M
|
| Net Income |
$132.4M $131.2M – $133.7M
|
$159.2M $156.6M – $159.5M
|
$166.6M $165.7M – $167.5M
|
$171.4M $171.1M – $171.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 1, 2026 12:33pm (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +8.5% | +31.8% | +12.4% | +5.2% |
| Gross Profit Growth | +0.1% | +6.4% | +3.1% | +12.6% |
| Operating Income Growth | +1.2% | +3.1% | +5.8% | +19.9% |
| Net Income Growth | +1.7% | +3.7% | +6.2% | +19.3% |
| EBITDA Growth | -1.7% | +0.7% | +3.5% | +16.7% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-12 | Murphy Carmen C | G-Gift | 2,000.00 | $0.00 | $0 |
| 2026-06-12 | MURPHY CHRISTOPHER J III | G-Gift | 2,000.00 | $0.00 | $0 |
| 2026-06-03 | Murphy Christopher J IV | A-Award | 250.00 | $73.49 | $18,373 |
| 2026-06-03 | BIRMINGHAM MELODY | A-Award | 250.00 | $73.49 | $18,373 |
| 2026-06-03 | FITZPATRICK DANIEL B | A-Award | 250.00 | $73.49 | $18,373 |
| 2026-06-03 | SHREWSBURY RONDA | A-Award | 1,542.00 | $73.49 | $113,322 |
| 2026-06-03 | SCHWABERO MARK D | A-Award | 1,338.00 | $73.49 | $98,330 |
| 2026-06-03 | Graham Tracy D | A-Award | 562.00 | $73.49 | $41,301 |
| 2026-06-03 | Schurz Todd F. | A-Award | 1,515.00 | $73.49 | $111,337 |
| 2026-06-03 | OZARK TIMOTHY K | A-Award | 1,583.00 | $73.49 | $116,335 |
| 2026-06-03 | Torres Isaac P. | A-Award | 1,583.00 | $73.49 | $116,335 |
| 2026-06-03 | AFFLECK-GRAVES JOHN F | A-Award | 1,481.00 | $73.49 | $108,839 |
| 2026-04-27 | MURPHY CHRISTOPHER J III | G-Gift | 13,700.00 | $0.00 | $0 |
| 2026-04-27 | Murphy Carmen C | G-Gift | 13,700.00 | $0.00 | $0 |
| 2026-02-13 | BIRMINGHAM MELODY | P-Purchase | 51.13 | $69.14 | $3,535 |
| 2025-11-14 | BIRMINGHAM MELODY | P-Purchase | 56.92 | $61.71 | $3,513 |
| 2025-08-15 | BIRMINGHAM MELODY | P-Purchase | 54.09 | $61.31 | $3,316 |
| 2025-05-15 | BIRMINGHAM MELODY | P-Purchase | 52.81 | $62.42 | $3,296 |
| 2025-02-14 | BIRMINGHAM MELODY | P-Purchase | 46.77 | $66.41 | $3,106 |
| 2024-11-15 | BIRMINGHAM MELODY | P-Purchase | 46.43 | $66.53 | $3,089 |
Dividend History (Last 20)
Last updated: Jul 1, 2026 12:33pm (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-05 | $0.43 | 2026-04-23 | 2026-05-05 | 2026-05-15 |
| 2026-02-03 | $0.40 | 2026-01-22 | 2026-02-03 | 2026-02-13 |
| 2025-11-04 | $0.40 | 2025-10-23 | 2025-11-04 | 2025-11-14 |
| 2025-08-05 | $0.38 | 2025-07-24 | 2025-08-05 | 2025-08-15 |
| 2025-05-05 | $0.38 | 2025-04-24 | 2025-05-05 | 2025-05-15 |
| 2025-02-04 | $0.36 | 2025-01-23 | 2025-02-04 | 2025-02-14 |
| 2024-11-05 | $0.36 | 2024-10-24 | 2024-11-05 | 2024-11-15 |
| 2024-08-05 | $0.36 | 2024-07-25 | 2024-08-05 | 2024-08-15 |
| 2024-05-03 | $0.34 | 2024-04-25 | 2024-05-06 | 2024-05-15 |
| 2024-02-02 | $0.34 | 2024-01-18 | 2024-02-05 | 2024-02-15 |
| 2023-11-03 | $0.34 | 2023-10-19 | 2023-11-06 | 2023-11-15 |
| 2023-07-31 | $0.32 | 2023-07-20 | 2023-08-01 | 2023-08-11 |
| 2023-05-01 | $0.32 | 2023-04-20 | 2023-05-02 | 2023-05-12 |
| 2023-02-03 | $0.32 | 2023-01-19 | 2023-02-06 | 2023-02-16 |
| 2022-10-31 | $0.32 | 2022-10-20 | 2022-11-01 | 2022-11-10 |
| 2022-08-01 | $0.32 | 2022-07-21 | 2022-08-02 | 2022-08-12 |
| 2022-05-02 | $0.31 | 2022-04-21 | 2022-05-03 | 2022-05-13 |
| 2022-02-07 | $0.31 | 2022-01-20 | 2022-02-08 | 2022-02-16 |
| 2021-11-01 | $0.31 | 2021-10-21 | 2021-11-02 | 2021-11-12 |
| 2021-08-02 | $0.31 | 2021-07-22 | 2021-08-03 | 2021-08-13 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SRCE — it's generated by the pipeline (
market-narrative step).
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.362 · 0c76890a · 2026-07-01 10:55:20