1st Source Corporation (SRCE)
NASDAQ: SRCE · Real-Time Price · USD
60.25
-1.03 (-1.67%)
Mar 28, 2025, 4:00 PM EDT - Market closed

1st Source Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2024FY 2023FY 2022FY 2021FY 2020 2019 - 2015
Period Ending
Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2019 - 2015
Interest Income on Loans
451.33387.3263.89235.03242.77
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Interest Income on Investments
32.6929.6129.9219.7420.26
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Total Interest Income
484.02416.91293.82254.77263.03
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Interest Paid on Deposits
166.84123.1625.2312.2830.46
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Interest Paid on Borrowings
16.3615.15.125.866.75
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Total Interest Expense
183.2138.2630.3518.1337.21
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Net Interest Income
300.82278.65263.47236.64225.82
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Net Interest Income Growth (YoY)
7.96%5.76%11.34%4.79%0.87%
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Trust Income
26.7123.7123.1123.7821.11
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Mortgage Banking Activities
4.213.474.1211.0116.49
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Gain (Loss) on Sale of Investments
-4.750.5-0.18-0.680.28
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Other Non-Interest Income
47.2650.1952.0754.5857.34
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Total Non-Interest Income
86.3190.6291.2699.28104.7
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Non-Interest Income Growth (YoY)
-4.76%-0.70%-8.08%-5.18%3.23%
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Revenues Before Loan Losses
387.12369.27354.73335.92330.52
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Provision for Loan Losses
12.475.8713.25-4.336
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Revenue
374.66363.4341.49340.22294.52
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Revenue Growth (YoY)
3.10%6.42%0.37%15.52%-4.83%
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Salaries and Employee Benefits
116.25110.72101.52101.5998.26
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Occupancy Expenses
8.087.357.187.026.8
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Federal Deposit Insurance
6.145.933.632.682.61
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Selling, General & Administrative
60.7560.2958.0363.9563.14
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Other Non-Interest Expense
12.3917.4314.2910.916.56
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Total Non-Interest Expense
203.6201.72184.64186.15187.37
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EBT Excluding Unusual Items
171.06161.68156.85154.07107.15
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Asset Writedown
---0.060.81-0.81
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Pretax Income
171.06161.68156.79154.89106.34
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Income Tax Expense
38.4436.7536.2636.3324.88
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Earnings From Continuing Operations
132.62124.93120.53118.5681.46
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Minority Interest in Earnings
0.01-0.01-0.02-0.02-0.02
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Net Income
132.62124.93120.51118.5381.44
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Preferred Dividends & Other Adjustments
1.231.1910.930.53
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Net Income to Common
131.4123.74119.51117.6180.9
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Net Income Growth
6.16%3.67%1.67%45.55%-11.44%
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Basic Shares Outstanding
2425252526
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Diluted Shares Outstanding
2425252526
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Shares Change (YoY)
-0.48%-0.29%-1.40%-1.91%-0.29%
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EPS (Basic)
5.365.034.844.703.17
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EPS (Diluted)
5.365.034.844.703.17
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EPS Growth
6.63%3.86%3.04%48.19%-11.22%
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Dividend Per Share
1.4201.3201.2701.2301.130
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Dividend Growth
7.58%3.94%3.25%8.85%0.89%
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Effective Tax Rate
22.47%22.73%23.12%23.46%23.40%
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Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.
SEC Filings: 10-K · 10-Q