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
Company Growth (employees)
Type
Public
HQ
South Bend, US
Founded
1863
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 Financials and Metrics

1st Source Corporation Financials

1st Source Corporation's revenue was reported to be $72.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

72.7 m

Gross profit (Q1, 2017)

67 m

Gross profit margin (Q1, 2017), %

92%

Net income (Q1, 2017)

16.2 m

EBIT (Q1, 2017)

43.7 m

Market capitalization (20-Oct-2017)

1.4 b

Cash (31-Mar-2017)

58.4 m
1st Source Corporation's current market capitalization is $1.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

179.6 m256.4 m268 m355.4 m

Revenue growth, %

43%5%33%

Cost of goods sold

18.2 m22.1 m

Gross profit

249.8 m333.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

67.7 m68 m68.4 m70.2 m71 m72.7 m

Cost of goods sold

4.5 m4.6 m5.5 m5.6 m5.6 m5.6 m

Gross profit

63.2 m63.3 m62.9 m64.6 m65.4 m67 m

Gross profit Margin, %

93%93%92%92%92%92%
USDFY, 2015FY, 2016

Cash

65.2 m58.6 m

Total Assets

5.2 b5.5 b

Accounts Payable

4.3 b

Total Liabilities

4.8 b
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

66.3 m61.1 m52.4 m58.9 m65.7 m58.4 m

Total Assets

5 b5.1 b5.2 b5.4 b5.4 b5.5 b

Accounts Payable

4 b4 b4.2 b4.3 b4.4 b4.3 b

Retained Earnings

232.5 m242.1 m260.8 m270.7 m280.3 m303 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

55 m58.1 m57.5 m57.8 m

Short-term Borrowings

(12.6 m)58.7 m

Long-term Borrowings

(1.3 m)(6.4 m)

Interest Paid

17.4 m21.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

14.5 m14.9 m13.5 m29.1 m43.1 m13.8 m28.3 m42.6 m16.2 m

Short-term Borrowings

16.4 m37.7 m(51.3 m)(27.3 m)(17.2 m)(12.2 m)

Long-term Borrowings

(743 k)(924 k)(387 k)(5.7 m)(5.9 m)(401 k)
USDY, 2017

Revenue/Employee

63.2 k

Financial Leverage

8 x
Show all financial metrics

1st Source Corporation Operating Metrics

1st Source Corporation's Total Loans Issued was reported to be $4.4 b in Q2, 2017. 1st Source Corporation's Assets Under Management was reported to be $4.2 b in FY, 2016, which is a 11% increase from the previous period
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$3.69 b$3.7 b$3.85 b$3.96 b$3.99 b$4.03 b$4.15 b$4.18 b$4.19 b$4.23 b$4.38 b

Assets Under Management

$3.95 b$3.78 b$4.19 b

Non-accrual Loans

$34.6 m$21.36 m$15.08 m$18.99 m$12.72 m$12.98 m$12.58 m$19.92 m$19.91 m$18.09 m$15.92 m

Non-performing Loans

$35.58 m$12.84 m$20.32 m
Show all operating metrics

1st Source Corporation Market Value History

Traffic Overview of 1st Source Corporation

1st Source Corporation Online and Social Media Presence

1st Source Corporation Company Life and Culture

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