1st Source Corp (NASDAQ: SRCE) is a bank holding company headquartered in South Bend, Indiana that provides commercial banking, consumer banking, trust and wealth advisory services, insurance, and specialty finance through its wholly-owned subsidiary 1st Source Bank. It earns revenue primarily through net interest income on loans and leases, supplemented by fee income from trust, wealth advisory, and insurance services. The Bank operates 78 banking center locations across 19 counties in Indiana and Michigan, plus Sarasota County in Florida, and maintains 15 nationwide Specialty Finance Group locations that focus on construction equipment, private and cargo aircraft, and fleet vehicle financing. As of December 31, 2025, the company reported consolidated total assets of $9.06 billion, total loans and leases of $7.05 billion, total deposits of $7.23 billion, and total shareholders' equity of $1.27 billion. Incorporated in Indiana in 1971, 1st Source serves individual and business clients and states it is not dependent on any single industry or client.

Revenue model

Net interest income on a $7.05 billion loan and lease portfolio (as of December 31, 2025), supplemented by fee-based income from trust and wealth advisory services and insurance through 1st Source Insurance, Inc.

Products and services

Commercial banking, consumer banking, trust and wealth advisory services, insurance (via 1st Source Insurance, Inc.), and specialty financing for construction equipment, new and pre-owned private and cargo aircraft, and fleet vehicles (cars, trucks, vans).

Customers and end markets

Individual and business clients across Indiana, Michigan, and Florida; specialty finance clients nationwide in construction, aviation, and commercial fleet end markets. Filing states no dependence on any single industry or client.

Value-chain role

Direct lender and deposit-taking institution; wealth and trust administrator; insurance intermediary; specialty equipment and aircraft financier.

Geographic exposure

Primary retail banking footprint: 19 counties in Indiana and Michigan, plus Sarasota County in Florida (78 banking centers as of December 31, 2025). Specialty Finance Group: 15 locations nationwide.

Source: SEC 10-K, filed 2026-02-17

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