1st Source Corporation

Founded in 1863 in South Bend, Indiana, 1st Source has offered clients a convenient and friendly way to bank for over 150 years. At 1st Source, we’ll listen to you, understand your needs and always keep your best interests in mind. We are a top rated bank and have been recognized for our integrity and the exceptional services we provide to our clients. Global and National Recognition: 5 Star “Superior” Rating from BauerFinancial – Highest rating possible. Based on capital ratio, profitability/loss trend, credit quality and CRA ratings Bank Performance Scorecard by Bank Director Magazine - Ranked #10 of 102 banks on 2016 list of banks with $5 - $50 billion in assets Top 15th Percentile of Community Banks by Seifried & Brew, 2016 Best Branch Service in the Midwest by the MSR Group, 2015 State and Local Honors: Awarded Michiana’s ‘Best Bank for Business,’ 'Best Company to Work for' and ‘Best Bank for Customer Service’ by readers of the Northwest Indiana Business Quarterly Magazine, 2016 Received Indiana SBA Community Lender Award, 2013-2015 United Way of Porter County's Company of the Year, 2015 One of the highest customer advocacy scores among banks in the Midwest - APECS, 2015 The bank remains the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. 1st Source has $5.38 billion in assets and operates 80 banking centers in 17 counties, 22 1st Source Bank Specialty Finance Group locations nationwide, eight Trust and Wealth Management locations and 10 1st Source Insurance offices. We deliver a comprehensive range of banking services along with highly personalized attention to our clients, both individuals and businesses. Our mission is to help our clients achieve security, build wealth and realize their dreams. Member FDIC | Equal Housing Lender
South Bend, US
Size (employees)
1,150 (est)
1st Source Corporation was founded in 1863 and is headquartered in South Bend, US

1st Source Corporation Office Locations

1st Source Corporation has an office in South Bend
South Bend, US (HQ)
100 N Michigan St

1st Source Corporation Metrics

1st Source Corporation Financial Metrics

Revenue (2016)

$191.8 m

Revenue growth (2015-16), %


Gross profit

$169.7 m

Gross profit margin (2016), %


Net income (2016)

$57.4 m

Market capitalization (28-Apr-2017)

$1.3 b

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$58.6 m
1st Source Corporation's current market capitalization is $1.3 b.
1st Source Corporation's revenue was reported to be $191.8 m in FY, 2016 which is a 4% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$179.6 m$178.6 m$184.7 m$191.8 m

Revenue growth, %


Cost of goods sold

$18.2 m$22.1 m

Gross profit

$166.5 m$169.7 m

Gross profit Margin, %


Operating expense total

$159.1 m$163.6 m


$166.5 m$169.7 m

EBIT margin, %


Pre tax profit

$88.6 m$89.1 m

Income tax expense

$31.1 m$31.3 m

Net Income

($54.2 m)$57.3 m$56.9 m$57.4 m
FY, 2013FY, 2014FY, 2015FY, 2016


$65.2 m$58.6 m

Accounts Receivable


Total Assets

$5.2 b$5.5 b

Accounts Payable

Retained Earnings

$251.8 m$290.8 m

Total Equity

$644.1 m$672.7 m

Financial Leverage

8.1 x8.2 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$55 m$58.1 m$57.5 m$57.8 m

Accounts Receivable


Accounts Payable

Short-term Borrowings

($12.6 m)$58.7 m

Long-term Borrowings

($1.3 m)($6.4 m)

Interest Paid

$17.4 m$21.5 m

Income Taxes Paid

$30.4 m$19.9 m

1st Source Corporation Market Value History

1st Source Corporation Online Presence

1st Source Corporation Company Life

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