1 St Source Corp - Understand $srce stock

$SRCE Market Cap: $1.594 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$360.9M

TTM

Gross Margin

Net Earnings

$129.0M

TTM

Current Assets

Current Liabilities

$364.8M

Q3 2024

Current Ratio

Total Assets

$8.764B

Q3 2024

Total Liabilities

$7.589B

Q3 2024

Book Value

$1.175B

Q3 2024

Cash

$169.4M

Q3 2024

P/E

12.35

Nov 29, 2024 EST

Free Cash Flow

$195.2M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Revenue	$416.9M	$293.8M	$254.8M	$263.0M	$282.9M	$257.3M	$212.4M	$191.8M	$184.7M	$178.6M	$179.6M	$182.1M	$187.5M	$200.6M	$200.4M
YoY Change	41.89%	15.33%	-3.14%	-7.02%	9.93%	21.16%	10.76%	3.83%	3.43%	-0.57%	-1.37%	-2.9%	-6.53%	0.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$416.9M	$293.8M	$254.8M	$263.0M	$282.9M	$257.3M	$212.4M	$191.8M	$184.7M	$178.6M	$179.6M	$182.1M	$187.5M	$200.6M	$200.4M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$12.39M	$15.91M	$20.90M	$28.30M	$32.20M	$32.90M	$32.00M	$28.40M	$24.50M	$19.90M	$19.40M	$18.10M	$21.60M	$24.00M	$23.80M	$27.60M	$24.80M	$24.40M	$24.70M	$27.50M	$32.90M	$34.90M	$30.60M	$26.70M	$22.90M	$16.70M	$11.10M	$4.400M	$2.600M	$2.100M	$1.800M	$1.700M	$1.400M	$1.400M	$1.100M	$1.100M	$1.100M	$1.000M	$700.0K	$600.0K
YoY Change	-22.1%	-23.89%	-26.15%	-12.11%	-2.13%	2.81%	12.68%	15.92%	23.12%	2.58%	7.18%	-16.2%	-10.0%	0.84%	-13.77%	11.29%	1.64%	-1.21%	-10.18%	-16.41%	-5.73%	14.05%	14.61%	16.59%	37.13%	50.45%	152.27%	69.23%	23.81%	16.67%	5.88%	21.43%	0.0%	27.27%	0.0%	0.0%	10.0%	42.86%	16.67%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$138.3M	$30.35M	$18.13M	$37.21M	$59.01M	$43.41M	$26.75M	$22.10M	$18.16M	$18.23M	$22.77M	$30.31M	$39.12M	$53.13M	$72.20M
YoY Change	355.6%	67.35%	-51.27%	-36.94%	35.94%	62.26%	21.05%	21.68%	-0.34%	-19.95%	-24.88%	-22.53%	-26.36%	-26.41%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Pretax Income	$161.7M	$156.8M	$154.9M	$106.3M	$120.2M	$105.0M	$101.4M	$89.13M	$88.56M	$84.44M	$83.94M	$75.68M	$73.79M	$60.48M	$31.52M	$46.40M	$41.70M	$59.50M	$49.40M	$34.10M	$27.20M	$11.40M	$58.20M	$56.10M	$56.50M	$51.50M	$42.60M	$35.60M	$32.00M	$26.30M	$23.90M	$20.90M	$17.80M	$15.30M	$15.30M	$13.40M	$9.800M	$7.200M	$2.500M	$6.600M	$4.400M
YoY Change	3.12%	1.23%	45.65%	-11.5%	14.4%	3.62%	13.73%	0.64%	4.88%	0.6%	10.92%	2.56%	22.01%	91.88%	-32.07%	11.27%	-29.92%	20.45%	44.87%	25.37%	138.6%	-80.41%	3.74%	-0.71%	9.71%	20.89%	19.66%	11.25%	21.67%	10.04%	14.35%	17.42%	16.34%	0.0%	14.18%	36.73%	36.11%	188.0%	-62.12%	50.0%
Income Tax	$36.75M	$36.26M	$36.33M	$24.88M	$28.14M	$22.61M	$33.31M	$31.34M	$31.08M	$26.37M	$28.99M	$26.05M	$25.59M	$19.23M	$6.028M	$13.00M	$11.10M	$20.20M	$15.60M	$9.100M	$8.000M	$1.400M	$19.70M	$18.60M	$18.50M	$17.80M	$14.40M	$12.40M	$11.00M	$7.900M	$7.100M	$6.300M	$5.200M	$3.300M	$4.800M	$3.900M	$1.700M	$0.00	$100.0K	$1.100M	$400.0K
% Of Pretax Income	22.73%	23.12%	23.45%	23.4%	23.42%	21.53%	32.86%	35.16%	35.09%	31.23%	34.53%	34.42%	34.69%	31.8%	19.13%	28.02%	26.62%	33.95%	31.58%	26.69%	29.41%	12.28%	33.85%	33.16%	32.74%	34.56%	33.8%	34.83%	34.38%	30.04%	29.71%	30.14%	29.21%	21.57%	31.37%	29.1%	17.35%	0.0%	4.0%	16.67%	9.09%
Net Earnings	$124.9M	$120.5M	$118.6M	$81.46M	$92.02M	$82.41M	$68.05M	$57.79M	$57.49M	$58.07M	$54.96M	$49.63M	$48.20M	$41.24M	$25.49M	$33.40M	$30.50M	$39.30M	$33.80M	$25.00M	$19.20M	$10.00M	$38.50M	$37.60M	$38.00M	$33.70M	$28.20M	$23.20M	$21.00M	$18.50M	$16.70M	$13.90M	$12.60M	$11.90M	$10.60M	$9.500M	$8.100M	$7.100M	$2.500M	$5.600M	$4.000M
YoY Change	3.65%	1.67%	45.54%	-11.47%	11.65%	21.11%	17.76%	0.52%	-1.0%	5.66%	10.73%	2.98%	16.85%	61.8%	-23.68%	9.51%	-22.39%	16.27%	35.2%	30.21%	92.0%	-74.03%	2.39%	-1.05%	12.76%	19.5%	21.55%	10.48%	13.51%	10.78%	20.14%	10.32%	5.88%	12.26%	11.58%	17.28%	14.08%	184.0%	-55.36%	40.0%
Net Earnings / Revenue	29.97%	41.02%	46.53%	30.97%	32.53%	32.03%	32.04%	30.13%	31.13%	32.52%	30.6%	27.26%	25.7%	20.56%	12.72%
Basic Earnings Per Share	$5.03	$4.84	$4.70	$3.17	$3.57	$3.16	$2.60	$2.22	$2.17	$2.17	$2.03	$2.02	$1.96	$1.21	$0.79
Diluted Earnings Per Share	$5.03	$4.84	$4.70	$3.17	$3.57	$3.16	$2.60	$2.22	$2.17	$2.17	$2.03	$2.02	$1.96	$1.21	$0.79	$1.246M	$1.164M	$1.566M	$1.331M	$984.3K	$750.0K	$387.6K	$1.504M	$1.480M	$1.479M	$1.306M	$1.080M	$899.2K	$810.8K	$717.1K	$649.8K	$545.1K	$494.1K	$463.0K	$414.1K	$371.1K	$320.2K	$311.4K	$120.8K	$301.1K	$239.5K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985	1984	1983
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$88.22M	$97.39M	$117.5M	$138.2M	$188.1M	$186.6M	$194.2M	$175.5M	$163.6M	$124.5M	$107.6M	$97.20M	$109.4M	$112.0M	$134.9M	$123.6M	$127.0M	$113.6M	$96.00M	$84.60M	$108.7M	$134.8M	$157.7M	$118.5M	$99.70M	$85.40M	$30.80M	$27.80M	$23.40M	$21.30M	$19.60M	$20.80M	$17.80M	$18.00M	$17.40M	$16.30M	$16.00M	$15.50M	$14.70M	$11.00M	$10.40M
YoY Change	-9.42%	-17.12%	-14.98%	-26.53%	0.8%	-3.91%	10.66%	7.27%	31.41%	15.71%	10.7%	-11.15%	-2.32%	-16.98%	9.14%	-2.68%	11.8%	18.33%	13.48%	-22.17%	-19.36%	-14.52%	33.08%	18.86%	16.74%	177.27%	10.79%	18.8%	9.86%	8.67%	-5.77%	16.85%	-1.11%	3.45%	6.75%	1.88%	3.23%	5.44%	33.64%	5.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$166.6M	$137.2M	$95.10M	$76.40M	$61.10M	$23.50M	$23.80M	$12.20M	$2.400M	$2.800M	$4.300M
YoY Change	21.47%	44.22%	24.48%	25.04%	160.0%	-1.26%	95.08%	408.33%	-14.29%	-34.88%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$8.728B	$8.339B	$8.096B	$7.316B	$6.623B	$6.294B	$5.887B	$5.486B	$5.188B	$4.830B	$4.723B	$4.551B	$4.374B	$4.445B	$4.542B	$4.464B	$4.447B	$3.807B	$3.511B	$3.564B	$3.330B	$3.408B	$3.563B	$3.182B	$2.873B	$2.734B	$2.418B	$2.080B	$1.799B	$1.583B	$1.488B	$1.400B	$1.296B	$1.215B	$1.190B	$1.105B	$1.072B	$1.034B	$962.5M	$819.0M	$728.6M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$202.1M	$166.5M	$117.7M	$148.4M	$118.2M	$78.60M	$72.60M	$54.80M	$55.30M	$51.80M	$52.60M	$68.70M	$77.90M	$65.70M	$59.80M	$80.30M	$74.40M	$64.60M	$60.40M	$53.50M	$58.10M	$52.80M	$52.50M	$58.70M	$40.00M	$39.60M	$35.00M	$30.50M	$30.10M	$24.00M	$23.40M	$20.70M	$19.00M	$19.40M	$18.30M	$18.40M	$13.90M	$16.20M	$18.30M	$12.00M	$11.40M
YoY Change	21.34%	41.49%	-20.69%	25.55%	50.38%	8.26%	32.48%	-0.9%	6.76%	-1.52%	-23.44%	-11.81%	18.57%	9.87%	-25.53%	7.93%	15.17%	6.95%	12.9%	-7.92%	10.04%	0.57%	-10.56%	46.75%	1.01%	13.14%	14.75%	1.33%	25.42%	2.56%	13.04%	8.95%	-2.06%	6.01%	-0.54%	32.37%	-14.2%	-11.48%	52.5%	5.26%
Deferred Revenue
YoY Change
Short-Term Debt	$157.4M	$145.5M	$200.0M	$150.6M	$125.9M	$119.3M	$214.6M	$291.9M	$233.2M	$245.8M	$314.1M	$169.2M	$125.2M	$156.0M	$150.1M	$296.2M	$337.8M	$222.7M	$277.5M	$299.7M	$390.9M	$260.7M	$264.5M	$333.4M	$409.7M	$242.2M	$235.0M	$224.9M	$153.0M	$100.6M	$134.3M	$100.5M	$114.1M	$114.6M	$81.90M	$92.60M	$73.10M	$77.40M	$53.20M	$76.30M	$50.40M
YoY Change	8.13%	-27.24%	32.8%	19.62%	5.53%	-44.41%	-26.48%	25.17%	-5.13%	-21.74%	85.64%	35.14%	-19.74%	3.93%	-49.32%	-12.31%	51.68%	-19.75%	-7.41%	-23.33%	49.94%	-1.44%	-20.67%	-18.62%	69.16%	3.06%	4.49%	46.99%	52.09%	-25.09%	33.63%	-11.92%	-0.44%	39.93%	-11.56%	26.68%	-5.56%	45.49%	-30.28%	51.39%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$359.4M	$166.5M	$117.7M	$148.4M	$118.2M	$78.60M	$72.60M	$54.80M	$55.30M	$51.80M	$52.60M	$68.70M	$77.90M	$65.70M	$59.80M	$80.30M	$74.40M	$64.60M	$60.40M	$53.50M	$58.10M	$52.80M	$52.50M	$58.70M	$40.00M	$39.60M	$35.00M	$30.50M	$30.10M	$24.00M	$23.40M	$20.70M	$19.00M	$19.40M	$18.30M	$18.40M	$13.90M	$16.20M	$18.30M	$12.00M	$11.40M
YoY Change	115.83%	41.49%	-20.69%	25.55%	50.38%	8.26%	32.48%	-0.9%	6.76%	-1.52%	-23.44%	-11.81%	18.57%	9.87%	-25.53%	7.93%	15.17%	6.95%	12.9%	-7.92%	10.04%	0.57%	-10.56%	46.75%	1.01%	13.14%	14.75%	1.33%	25.42%	2.56%	13.04%	8.95%	-2.06%	6.01%	-0.54%	32.37%	-14.2%	-11.48%	52.5%	5.26%
Long-Term Debt	$85.92M	$84.00M	$85.90M	$85.40M	$84.60M	$83.40M	$81.70M	$80.00M	$78.10M	$76.40M	$74.60M	$73.10M	$101.0M	$98.60M	$108.5M	$108.5M	$108.7M	$76.80M	$76.30M	$76.00M	$78.20M	$70.40M	$56.70M	$56.80M	$56.90M	$57.90M	$61.40M	$18.60M	$21.80M	$28.10M	$25.50M	$16.40M	$11.10M	$13.70M	$13.80M	$6.700M	$7.300M	$7.800M	$8.200M	$8.100M	$8.300M
YoY Change	2.28%	-2.21%	0.59%	0.95%	1.44%	2.08%	2.13%	2.43%	2.23%	2.41%	2.05%	-27.62%	2.43%	-9.12%	0.0%	-0.18%	41.54%	0.66%	0.39%	-2.81%	11.08%	24.16%	-0.18%	-0.18%	-1.73%	-5.7%	230.11%	-14.68%	-22.42%	10.2%	55.49%	47.75%	-18.98%	-0.72%	105.97%	-8.22%	-6.41%	-4.88%	1.23%	-2.41%
Other Long-Term Liabilities					$22.40M
YoY Change
Total Long-Term Liabilities	$85.92M	$84.00M	$85.90M	$85.40M	$107.0M	$83.40M	$81.70M	$80.00M	$78.10M	$76.40M	$74.60M	$73.10M	$101.0M	$98.60M	$108.5M	$108.5M	$108.7M	$76.80M	$76.30M	$76.00M	$78.20M	$70.40M	$56.70M	$56.80M	$56.90M	$57.90M	$61.40M	$18.60M	$21.80M	$28.10M	$25.50M	$16.40M	$11.10M	$13.70M	$13.80M	$6.700M	$7.300M	$7.800M	$8.200M	$8.100M	$8.300M
YoY Change	2.28%	-2.21%	0.59%	-20.19%	28.3%	2.08%	2.13%	2.43%	2.23%	2.41%	2.05%	-27.62%	2.43%	-9.12%	0.0%	-0.18%	41.54%	0.66%	0.39%	-2.81%	11.08%	24.16%	-0.18%	-0.18%	-1.73%	-5.7%	230.11%	-14.68%	-22.42%	10.2%	55.49%	47.75%	-18.98%	-0.72%	105.97%	-8.22%	-6.41%	-4.88%	1.23%	-2.41%
Total Liabilities	$7.738B	$7.475B	$7.180B	$6.430B	$5.795B	$5.532B	$5.169B	$4.814B	$4.544B	$4.216B	$4.137B	$3.992B	$3.850B	$3.959B	$3.972B	$4.011B	$4.017B	$3.438B	$3.166B	$3.237B	$3.016B	$3.098B	$3.257B	$2.912B	$2.634B	$2.517B	$2.223B	$1.908B	$1.647B	$1.454B	$1.363B	$1.293B	$1.200B	$1.128B	$1.113B	$1.030B	$1.003B	$969.3M	$909.5M	$771.6M	$689.4M
YoY Change	3.52%	4.11%	11.67%	10.96%	4.75%	7.02%	7.38%	5.94%	7.79%	1.89%	3.64%	3.68%	-2.75%	-0.32%	-0.96%	-0.15%	16.82%	8.61%	-2.21%	7.35%	-2.66%	-4.87%	11.85%	10.53%	4.66%	13.21%	16.53%	15.86%	13.26%	6.7%	5.42%	7.73%	6.37%	1.34%	8.09%	2.65%	3.5%	6.58%	17.87%	11.92%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	24.62M shares	24.69M shares	25.04M shares	25.53M shares	25.60M shares	25.94M shares	25.93M shares	25.88M shares	26.17M shares	26.43M shares	26.78M shares	24.27M shares	24.24M shares	24.23M shares
Diluted Shares Outstanding	24.62M shares	24.69M shares	25.04M shares	25.53M shares	25.60M shares	25.94M shares	25.93M shares	25.88M shares	26.17M shares	26.43M shares	26.78M shares	24.28M shares	24.25M shares	24.24M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.594 Billion

About 1ST SOURCE CORP

1st Source Corp. is a bank holding company, which engages in the provision of financial products and services through its subsidiaries. The company is headquartered in South Bend, Indiana and currently employs 1,170 full-time employees. The Company, through its subsidiaries, offers a range of financial products and services. Its banking subsidiary, 1st Source Bank (Bank), offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients through its 78 banking center locations in 18 counties in Indiana and Michigan and Sarasota County in Florida. The Bank offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes. The company also offers a range of trust, investment, agency, and custodial services for individual, estate and trust, corporate, and not-for-profit clients. Its insurance agency subsidiary, 1st Source Insurance, Inc., offers property and casualty, individual and group health, and life insurance for individuals and businesses. The company also owns and manages certain available-for-sale investment securities.

Industry: State Commercial Banks Peers: Dime Community Bancshares, Inc. /NY/ FIRST COMMONWEALTH FINANCIAL CORP /PA/ First Foundation Inc. GERMAN AMERICAN BANCORP, INC. National Bank Holdings Corp OCEANFIRST FINANCIAL CORP PNC FINANCIAL SERVICES GROUP, INC. S&T BANCORP INC SOUTHSIDE BANCSHARES INC TOMPKINS FINANCIAL CORP