1st Source Corporation (SRCE)

1st Source Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	169.36	129.67	122.8	525.19	243.05	83.37
Investment Securities	1,080	1,295	1,371	1,362	870.2	774.53
Trading Asset Securities	-	22.7	24.84	20.74	46.65	21.98
Mortgage-Backed Securities	656.55	598.25	637.06	659.73	453.79	375.39
Total Investments	1,737	1,916	2,033	2,042	1,371	1,172
Gross Loans	6,616	6,576	6,062	5,369	5,511	5,116
Allowance for Loan Losses	-152.32	-147.55	-139.27	-127.49	-140.65	-111.25
Other Adjustments to Gross Loans	-	-57.93	-50.63	-22.55	-21.51	-30.57
Net Loans	6,464	6,371	5,872	5,219	5,349	4,974
Property, Plant & Equipment	83.04	88.22	97.39	117.54	138.24	188.05
Goodwill	-	83.9	83.87	83.87	83.87	83.87
Other Intangible Assets	83.9	0.02	0.04	0.06	0.08	0.1
Loans Held for Sale	3.69	1.44	3.91	13.28	12.89	20.28
Accrued Interest Receivable	30.72	30.23	24.75	17.76	20.24	19.13
Other Real Estate Owned & Foreclosed	0.11	0.71	0.43	0.86	2.34	9.15
Other Long-Term Assets	139.41	106.62	101.04	77.02	96.43	72.68
Total Assets	8,764	8,728	8,339	8,096	7,316	6,623
Accrued Expenses	171.39	151.2	115.81	70.77	72.25	90.39
Interest Bearing Deposits	5,490	4,430	4,330	4,335	3,856	3,391
Institutional Deposits	-	953.09	600.37	290.89	453.16	749.44
Non-Interest Bearing Deposits	1,636	1,656	1,998	2,053	1,637	1,217
Total Deposits	7,126	7,039	6,928	6,679	5,946	5,357
Short-Term Borrowings	186.11	335.5	240.84	221.2	198.32	168.25
Current Portion of Leases	-	4.37	-	-	-	-
Long-Term Debt	39.22	5.52	7.34	6.5	6.32	7.85
Federal Home Loan Bank Debt, Long-Term	-	20.75	21.32	44.15	55.18	45.82
Long-Term Leases	-	15.04	19.63	21.36	23.69	24.32
Trust Preferred Securities	58.76	58.76	58.76	58.76	58.76	58.76
Other Long-Term Liabilities	7.31	29.97	23.69	25.01	25.19	21.43
Total Liabilities	7,589	7,660	7,416	7,127	6,386	5,774
Common Stock	436.54	436.54	436.54	436.54	436.54	436.54
Retained Earnings	868.08	789.84	694.86	603.79	514.18	463.27
Treasury Stock	-129.13	-130.49	-119.64	-114.21	-82.24	-76.7
Comprehensive Income & Other	-71.23	-106.32	-147.69	-9.86	18.37	5.17
Total Common Equity	1,104	989.57	864.07	916.26	886.85	828.28
Minority Interest	70.95	78.7	59.7	53.21	43.83	20.36
Shareholders' Equity	1,175	1,068	923.77	969.46	930.67	848.64
Total Liabilities & Equity	8,764	8,728	8,339	8,096	7,316	6,623
Total Debt	284.09	439.95	347.88	351.98	342.28	305
Net Cash (Debt)	-114.73	-287.57	-200.25	193.94	-52.58	-199.66
Net Cash Per Share	-4.69	-11.68	-8.11	7.75	-2.06	-7.80
Filing Date Shares Outstanding	24.52	24.46	24.7	24.75	25.3	25.53
Total Common Shares Outstanding	24.51	24.43	24.66	24.74	25.39	25.51
Book Value Per Share	45.05	40.50	35.04	37.04	34.93	32.47
Tangible Book Value	1,020	905.65	780.16	832.33	802.9	744.31
Tangible Book Value Per Share	41.62	37.06	31.63	33.64	31.62	29.18

Source: S&P Capital IQ. Banks template. Financial Sources.