1st Source (SRCE) Financial Statements & Analysis

1st Source (SRCE) Income Statement

1st Source reported revenue of $421.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 26.1% from $570.32M a year earlier. Net income was $158.28M, up 19.3% year over year, a net margin of 37.6%. Gross margin was 100.2% and operating margin 48.7%. In the most recent quarter, Q3 fiscal 2026 (ended Sep 30, 2026), revenue was $119.38M, up 8.8% from the same quarter a year earlier.

1st Source Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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1st Source Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	421.22	570.32	369.27	385.08	340.22	366.92	384.01	354.37	311.09
Cost of Revenue	178.07	195.67	144.13	43.59	13.83	73.21	74.84	62.87	35.73
Gross Profit	421.93	374.66	363.40	341.49	341.03	293.71	309.16	291.49	275.36
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	64.99	128.05	121.54	108.74	53.07	104.16	111.65	109.21	102.28
Operating Expenses	216.84	203.60	201.72	184.70	185.34	187.37	189.01	186.47	174.00
Operating Income	205.09	171.06	161.68	156.79	154.89	106.34	120.15	105.03	101.36
Other Income/Expense
Interest Income	514.39	484.02	416.91	293.82	254.77	263.03	282.88	257.32	212.39
Interest Expense	166.22	183.20	138.26	30.35	18.13	37.21	59.01	43.41	26.75
Other Income/Expense	-0.71	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	204.38	171.06	161.68	156.79	154.89	106.34	120.15	105.03	101.36
Income Tax Expense	46.12	38.44	36.75	36.26	36.33	24.88	28.14	22.61	33.31
Net Income	158.28	132.62	124.93	120.51	118.53	81.44	91.96	82.41	68.05
Net Income - Continuous Operations	158.26	132.62	124.93	120.51	118.53	81.44	91.96	82.41	68.05
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	8.15	183.42	19.40	175.87	30.68	137.42	155.43	137.85	133.33
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.42	12.36	7.09	19.09	24.00	31.08	35.27	32.82	31.97
Earnings Per Share
Basic EPS	6.00	5.00	5.00	5.00	5.00	3.00	4.00	3.00	3.00
Diluted EPS	6.00	5.00	5.00	5.00	5.00	3.00	4.00	3.00	3.00
Basic Shares Outstanding	24.49	24.50	24.62	24.69	25.04	25.53	25.60	25.94	25.93
Diluted Shares Outstanding	24.49	24.50	24.62	24.69	25.04	25.53	25.60	25.94	25.93

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About 1st Source Financial Statements

What was 1st Source's revenue in fiscal 2025?

1st Source reported revenue of $421.22M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 26.1% from $570.32M a year earlier.

Is 1st Source profitable?

Yes. 1st Source earned net income of $158.28M in fiscal 2025, a net margin of 37.6%. In fiscal 2024 it earned $132.62M.

What is 1st Source's operating margin?

1st Source's operating income was $205.09M on revenue of $421.22M in fiscal 2025, an operating margin of 48.7%, compared with 30.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition