1st Source Corporation (SRCE)

1st Source Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	459.82	451.33	387.3	263.89	235.03	242.77
Interest Income on Investments	37.08	32.69	29.61	29.92	19.74	20.26
Total Interest Income	496.9	484.02	416.91	293.82	254.77	263.03
Interest Paid on Deposits	162.96	166.84	123.16	25.23	12.28	30.46
Interest Paid on Borrowings	12.96	16.36	15.1	5.12	5.86	6.75
Total Interest Expense	175.92	183.2	138.26	30.35	18.13	37.21
Net Interest Income	320.98	300.82	278.65	263.47	236.64	225.82
Net Interest Income Growth (YoY)	12.02%	7.96%	5.76%	11.34%	4.79%	0.87%
Trust Income	27.27	26.71	23.71	23.11	23.78	21.11
Mortgage Banking Activities	3.95	4.21	3.47	4.12	11.01	16.49
Gain (Loss) on Sale of Investments	-5.75	-4.75	0.5	-0.18	-0.68	0.28
Other Non-Interest Income	48.75	47.26	50.19	52.07	54.58	57.34
Total Non-Interest Income	87.09	86.31	90.62	91.26	99.28	104.7
Non-Interest Income Growth (YoY)	-3.13%	-4.76%	-0.70%	-8.08%	-5.18%	3.23%
Revenues Before Loan Losses	408.07	387.12	369.27	354.73	335.92	330.52
Provision for Loan Losses	16.26	12.47	5.87	13.25	-4.3	36
Revenue	391.81	374.66	363.4	341.49	340.22	294.52
Revenue Growth (YoY)	6.91%	3.10%	6.42%	0.37%	15.52%	-4.83%
Salaries and Employee Benefits	121.13	116.25	110.72	101.52	101.59	98.26
Occupancy Expenses	8.43	8.08	7.35	7.18	7.02	6.8
Federal Deposit Insurance	5.74	6.14	5.93	3.63	2.68	2.61
Selling, General & Administrative	62.28	60.75	60.29	58.03	63.95	63.14
Other Non-Interest Expense	12.97	12.39	17.43	14.29	10.9	16.56
Total Non-Interest Expense	210.54	203.6	201.72	184.64	186.15	187.37
EBT Excluding Unusual Items	181.27	171.06	161.68	156.85	154.07	107.15
Asset Writedown	-	-	-	-0.06	0.81	-0.81
Pretax Income	181.27	171.06	161.68	156.79	154.89	106.34
Income Tax Expense	40.07	38.44	36.75	36.26	36.33	24.88
Earnings From Continuing Operations	141.2	132.62	124.93	120.53	118.56	81.46
Minority Interest in Earnings	0.01	0.01	-0.01	-0.02	-0.02	-0.02
Net Income	141.21	132.62	124.93	120.51	118.53	81.44
Preferred Dividends & Other Adjustments	1.22	1.23	1.19	1	0.93	0.53
Net Income to Common	139.99	131.4	123.74	119.51	117.61	80.9
Net Income Growth	10.66%	6.16%	3.67%	1.67%	45.55%	-11.44%
Basic Shares Outstanding	25	24	25	25	25	26
Diluted Shares Outstanding	25	24	25	25	25	26
Shares Change (YoY)	0.08%	-0.48%	-0.29%	-1.40%	-1.91%	-0.29%
EPS (Basic)	5.71	5.36	5.03	4.84	4.70	3.17
EPS (Diluted)	5.70	5.36	5.03	4.84	4.70	3.17
EPS Growth	10.56%	6.63%	3.86%	3.04%	48.19%	-11.22%
Dividend Per Share	0.720	1.420	1.320	1.270	1.230	1.130
Dividend Growth	-47.83%	7.58%	3.94%	3.25%	8.85%	0.89%
Effective Tax Rate	22.11%	22.47%	22.73%	23.12%	23.46%	23.40%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q