1st Source Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	471.01	451.33	387.3	263.89	235.03
Interest Income on Investments	43.38	32.69	29.61	29.92	19.74
Total Interest Income	514.39	484.02	416.91	293.82	254.77
Interest Paid on Deposits	155.91	166.84	123.16	25.23	12.28
Interest Paid on Borrowings	10.31	16.36	15.1	5.12	5.86
Total Interest Expense	166.22	183.2	138.26	30.35	18.13
Net Interest Income	348.18	300.82	278.65	263.47	236.64
Net Interest Income Growth (YoY)	15.74%	7.96%	5.76%	11.34%	4.79%
Trust Income	27.87	26.71	23.71	23.11	23.78
Mortgage Banking Activities	4.1	4.21	3.47	4.12	11.01
Gain (Loss) on Sale of Investments	-8.68	-4.75	0.5	-0.18	-0.68
Other Non-Interest Income	49.13	47.26	50.19	52.07	54.58
Total Non-Interest Income	85.6	86.31	90.62	91.26	99.28
Non-Interest Income Growth (YoY)	-0.82%	-4.76%	-0.70%	-8.08%	-5.18%
Revenues Before Loan Losses	433.78	387.12	369.27	354.73	335.92
Provision for Loan Losses	12.56	12.47	5.87	13.25	-4.3
Revenue	421.22	374.66	363.4	341.49	340.22
Revenue Growth (YoY)	12.43%	3.10%	6.42%	0.37%	15.52%
Salaries and Employee Benefits	129.56	116.25	110.72	101.52	101.59
Occupancy Expenses	12.72	8.08	7.35	7.18	7.02
Federal Deposit Insurance	5.79	6.14	5.93	3.63	2.68
Selling, General & Administrative	54.68	60.75	60.29	58.03	63.95
Other Non-Interest Expense	14.08	12.39	17.43	14.29	10.9
Total Non-Interest Expense	216.84	203.6	201.72	184.64	186.15
EBT Excluding Unusual Items	204.38	171.06	161.68	156.85	154.07
Asset Writedown	-	-	-	-0.06	0.81
Pretax Income	204.38	171.06	161.68	156.79	154.89
Income Tax Expense	46.12	38.44	36.75	36.26	36.33
Earnings From Continuing Operations	158.26	132.62	124.93	120.53	118.56
Minority Interest in Earnings	0.02	0.01	-0.01	-0.02	-0.02
Net Income	158.28	132.62	124.93	120.51	118.53
Preferred Dividends & Other Adjustments	-	1.23	1.19	1	0.93
Net Income to Common	158.28	131.4	123.74	119.51	117.61
Net Income Growth	19.34%	6.16%	3.67%	1.67%	45.55%
Basic Shares Outstanding	24	24	25	25	25
Diluted Shares Outstanding	24	24	25	25	25
Shares Change (YoY)	-0.04%	-0.48%	-0.29%	-1.40%	-1.91%
EPS (Basic)	6.46	5.36	5.03	4.84	4.70
EPS (Diluted)	6.41	5.36	5.03	4.84	4.70
EPS Growth	19.59%	6.63%	3.86%	3.04%	48.19%
Dividend Per Share	-	1.420	1.320	1.270	1.230
Dividend Growth	-	7.58%	3.94%	3.25%	8.85%
Effective Tax Rate	22.56%	22.47%	22.73%	23.12%	23.46%

Updated Jan 23, 2026. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q