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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	464.86	451.33	387.3	263.89	235.03	242.77
Interest Income on Investments	39.7	32.69	29.61	29.92	19.74	20.26
Total Interest Income	504.56	484.02	416.91	293.82	254.77	263.03
Interest Paid on Deposits	158.83	166.84	123.16	25.23	12.28	30.46
Interest Paid on Borrowings	11.49	16.36	15.1	5.12	5.86	6.75
Total Interest Expense	170.31	183.2	138.26	30.35	18.13	37.21
Net Interest Income	334.25	300.82	278.65	263.47	236.64	225.82
Net Interest Income Growth (YoY)	14.16%	7.96%	5.76%	11.34%	4.79%	0.87%
Trust Income	27.57	26.71	23.71	23.11	23.78	21.11
Mortgage Banking Activities	3.94	4.21	3.47	4.12	11.01	16.49
Gain (Loss) on Sale of Investments	-7.62	-4.75	0.5	-0.18	-0.68	0.28
Other Non-Interest Income	49.64	47.26	50.19	52.07	54.58	57.34
Total Non-Interest Income	86.55	86.31	90.62	91.26	99.28	104.7
Non-Interest Income Growth (YoY)	-1.54%	-4.76%	-0.70%	-8.08%	-5.18%	3.23%
Revenues Before Loan Losses	420.79	387.12	369.27	354.73	335.92	330.52
Provision for Loan Losses	15.43	12.47	5.87	13.25	-4.3	36
Revenue	405.36	374.66	363.4	341.49	340.22	294.52
Revenue Growth (YoY)	9.59%	3.10%	6.42%	0.37%	15.52%	-4.83%
Salaries and Employee Benefits	122.06	116.25	110.72	101.52	101.59	98.26
Occupancy Expenses	8.5	8.08	7.35	7.18	7.02	6.8
Federal Deposit Insurance	5.77	6.14	5.93	3.63	2.68	2.61
Selling, General & Administrative	63.6	60.75	60.29	58.03	63.95	63.14
Other Non-Interest Expense	14.56	12.39	17.43	14.29	10.9	16.56
Total Non-Interest Expense	214.49	203.6	201.72	184.64	186.15	187.37
EBT Excluding Unusual Items	190.87	171.06	161.68	156.85	154.07	107.15
Asset Writedown	-	-	-	-0.06	0.81	-0.81
Pretax Income	190.87	171.06	161.68	156.79	154.89	106.34
Income Tax Expense	42.31	38.44	36.75	36.26	36.33	24.88
Earnings From Continuing Operations	148.57	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	148.57	132.62	124.93	120.51	118.53	81.44
Preferred Dividends & Other Adjustments	1.28	1.23	1.19	1	0.93	0.53
Net Income to Common	147.3	131.4	123.74	119.51	117.61	80.9
Net Income Growth	14.63%	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)	0.18%	-0.48%	-0.29%	-1.40%	-1.91%	-0.29%
EPS (Basic)	6.01	5.36	5.03	4.84	4.70	3.17
EPS (Diluted)	6.01	5.36	5.03	4.84	4.70	3.17
EPS Growth	14.53%	6.63%	3.86%	3.04%	48.19%	-11.22%
Dividend Per Share	1.520	1.420	1.320	1.270	1.230	1.130
Dividend Growth	8.57%	7.58%	3.94%	3.25%	8.85%	0.89%
Effective Tax Rate	22.17%	22.47%	22.73%	23.12%	23.46%	23.40%

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q