1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its banking services include various deposit and lending products as well as financial planning, financial literacy, and other consultative services. The Company also offers commercial leasing, treasury management, and retirement planning services. In addition, it provides a range of trust, investment, agency, and custodial services, and manages investment accounts for individuals, employee benefit plans, and charitable foundations. Further, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services, and investment advisory services to trust and investment clients.

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
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1st Source Corporation Office Locations

1st Source Corporation has an office in South Bend
South Bend, US (HQ)
100 North Michigan Street P.O. Box 1602
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1st Source Corporation Financials and Metrics

1st Source Corporation Revenue

1st Source Corporation's revenue was reported to be $355.41 m in FY, 2016 which is a 32.6% increase from the previous period.
USD

Revenue (Q2, 2018)

171.9 m

Gross profit (Q2, 2018)

152.5 m

Gross profit margin (Q2, 2018), %

88.7%

Net income (Q2, 2018)

41.1 m

EBIT (Q2, 2018)

103.7 m

Market capitalization (20-Jul-2018)

1.5 b

Closing share price (20-Jul-2018)

57.5

Cash (30-Jun-2018)

71.1 m
1st Source Corporation's current market capitalization is $1.5 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

67.7 m68 m68.4 m70.2 m71 m72.7 m76.5 m80 m83 m171.9 m

Cost of goods sold

4.5 m4.6 m5.5 m5.6 m5.6 m5.6 m6.5 m7.2 m8.7 m19.4 m

Gross profit

63.2 m63.3 m62.9 m64.6 m65.4 m67 m70 m72.8 m74.3 m152.5 m

Gross profit Margin, %

93%93%92%92%92%92%91%91%90%89%
Annual
USDFY, 2015FY, 2016

Cash

65.2 m58.6 m

Total Assets

5.2 b5.5 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

66.3 m61.1 m52.4 m58.9 m65.7 m58.4 m63.5 m64.6 m29.4 m71.1 m

Total Assets

5 b5.1 b5.2 b5.4 b5.4 b5.5 b5.7 b5.8 b6.1 b6.3 b

Accounts Payable

4 b4 b4.2 b4.3 b4.4 b4.3 b4.5 b4.6 b4.8 b5.1 b

Total Liabilities

4.4 b4.5 b4.6 b4.7 b4.8 b4.8 b5 b5.1 b5.3 b5.6 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

55 m58.1 m57.5 m57.8 m

Short-term Borrowings

(12.6 m)58.7 m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

14.5 m14.9 m13.5 m29.1 m43.1 m13.8 m28.3 m42.6 m16.2 m32.9 m50.1 m19.1 m41.1 m

Short-term Borrowings

16.4 m37.7 m(51.3 m)(27.3 m)(17.2 m)(12.2 m)14.6 m24.8 m141.4 m62.5 m

Long-term Borrowings

(743 k)(924 k)(387 k)(5.7 m)(5.9 m)(401 k)(25.8 m)(26 m)(636 k)(1.1 m)
USDY, 2018

Financial Leverage

8.5 x
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1st Source Corporation Operating Metrics

1st Source Corporation's Assets Under Management was reported to be $4.2b in FY, 2016. 1st Source Corporation's Total Loans was reported to be $4.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Assets Under Management

$3.95 b$3.78 b$4.19 b

Non-accrual Loans

$34.60 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

Total Loans

$3.69 b$3.70 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
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1st Source Corporation Online and Social Media Presence

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1st Source Corporation News and Updates

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1st Source Corporation Company Life and Culture

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