1st Source CorpSRCE
What 1st Source Corp does.
1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank holding company headquartered in South Bend, Indiana that provides, through its subsidiaries (collectively referred to as “1st Source”, the “Company”, “we”, and “our”), a broad array of financial products and services. 1st Source Bank (“Bank”), its wholly-owned banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients (through 1st Source Insurance, Inc.) from most of our 78 banking center locations in 19 counties in Indiana and Michigan and Sarasota County in Florida. 1st Source Bank’s Specialty Finance Group, with 15 locations nationwide, offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types (cars, trucks, vans) for fleet purposes. While our Specialty Finance lending portfolio is concentrated in certain equipment types, we serve a diverse client base. We are not dependent upon any single industry or client. At December 31, 2025, we had consolidated total assets of $9.06 billion, total loans and leases of $7.05 billion, total deposits of $7.23 billion, and total shareholders’ equity of $1.27 billion.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $329.7M | $336.7M | $354.7M | $369.3M | $387.1M | $433.8M |
| Net income | $81.4M | $118.5M | $120.5M | $124.9M | $132.6M | $158.3M |
| Free cash flow | $151.6M | $163.9M | $173.2M | $182.0M | $181.5M | $213.0M |
More on SRCE.
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Figures from 1st Source Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.