SRCE

MKT CAP:$2B

1st Source Corporation

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$73.20+$10.74 (+17.20%)

Apr 22, 2026

Company Details

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consu...

CEO

Christopher J. Murphy

IPO Date

Aug 12, 1983

Website

www.1stsource.com

Key Metrics TTM

Revenue

$580M

+0.3% YoY

Net Income

$161M

EPS (Diluted)

$6.54

Free Cash Flow

$152M

Revenue / Share

$23.88

Gross Margin

55.4%

Operating Margin

27.1%

Net Margin

27.7%

FCF Margin

26.2%

P/S

3.1x

P/E

11.1x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$126M-13.8%EPS $1.63

FY 2025

Feb 17, 2026

$600M+5.2%EPS $6.46

Q4 2025

Feb 17, 2026

$151M+6.3%EPS $1.69

Q3 2025

Oct 23, 2025

$153M+4.9%EPS $1.71

Q2 2025

Jul 24, 2025

$150M+4.1%EPS $1.51

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$91M	$84M	$38M
Q3 22	$98M	$88M	$42M
Q4 22	$111M	$89M	$41M
Q1 23	$118M	$90M	$40M
Q2 23	$123M	$91M	$42M
Q3 23	$132M	$93M	$43M
Q4 23	$135M	$89M	$37M
Q1 24	$139M	$87M	$38M
Q2 24	$144M	$97M	$48M
Q3 24	$146M	$95M	$45M
Q4 24	$142M	$96M	$40M
Q1 25	$146M	$101M	$48M
Q2 25	$150M	$101M	$48M
Q3 25	$153M	$110M	$55M
Q4 25	$151M	$111M	$54M
Q1 26	$126M	$0	$0

Valuation

Quarter	P/S	P/E
Q2 22	5.0x	15.2x
Q3 22	4.9x	15.2x
Q4 22	4.6x	14.8x
Q1 23	4.3x	14.3x
Q2 23	4.0x	14.0x
Q3 23	3.7x	14.0x
Q4 23	3.5x	14.3x
Q1 24	3.4x	14.4x
Q2 24	3.2x	14.0x
Q3 24	3.2x	13.7x
Q4 24	3.1x	13.4x
Q1 25	3.1x	12.7x
Q2 25	3.0x	12.6x
Q3 25	3.0x	12.0x
Q4 25	3.0x	11.2x
Q1 26	3.1x	11.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$45M	$45M
Q3 22	$45M	$44M
Q4 22	$44M	$43M
Q1 23	$47M	$46M
Q2 23	$45M	$44M
Q3 23	$52M	$51M
Q4 23	$44M	$41M
Q1 24	$42M	$41M
Q2 24	$50M	$46M
Q3 24	$68M	$67M
Q4 24	$34M	$27M
Q1 25	$72M	$69M
Q2 25	$45M	$43M
Q3 25	$51M	$55M
Q4 25	$55M	$53M
Q1 26	$0	$0

Capital Expenditures

Quarter	CapEx
Q2 22	$439.0K
Q3 22	$717.0K
Q4 22	$1M
Q1 23	$813.0K
Q2 23	$812.0K
Q3 23	$983.0K
Q4 23	$3M
Q1 24	$575.0K
Q2 24	$4M
Q3 24	$2M
Q4 24	$7M
Q1 25	$3M
Q2 25	$2M
Q3 25	$4M
Q4 25	$2M
Q1 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+4.8%	+12.2%
Q3 22	+6.8%	+12.1%
Q4 22	+25.9%	+34.9%
Q1 23	+38.2%	+54.7%
Q2 23	+35.7%	+54.1%
Q3 23	+33.8%	+59.0%
Q4 23	+21.8%	+41.1%
Q1 24	+17.7%	+30.2%
Q2 24	+17.1%	+19.0%
Q3 24	+10.5%	+12.5%
Q4 24	+5.2%	+3.5%
Q1 25	+5.6%	-2.0%
Q2 25	+4.1%	+5.7%
Q3 25	+4.9%	-2.5%
Q4 25	+6.3%	-5.2%
Q1 26	-13.8%	+27.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$887.0K	1.0%
Q3 22	$891.0K	0.9%
Q4 22	$1M	1.0%
Q1 23	$1M	1.0%
Q2 23	$1M	0.9%
Q3 23	$1M	0.9%
Q4 23	$1M	1.1%
Q1 24	$1M	0.9%
Q2 24	$1M	0.8%
Q3 24	$1M	1.0%
Q4 24	$2M	1.2%
Q1 25	$1M	0.9%
Q2 25	$1M	0.9%
Q3 25	$1M	0.9%
Q4 25	$2M	1.3%
Q1 26	$2M	1.2%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$26M	$2M
Q3 22	$27M	$1M
Q4 22	$8M	—
Q1 23	$30M	$2M
Q2 23	$30M	$2M
Q3 23	$30M	$1M
Q4 23	$32M	—
Q1 24	$31M	$2M
Q2 24	$31M	$2M
Q3 24	$33M	$2M
Q4 24	$33M	—
Q1 25	$34M	$2M
Q2 25	$1M	$2M
Q3 25	$34M	$3M
Q4 25	$33M	$2M
Q1 26	$2M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$117M	$1.8B	$2.0B
Q3 22	$87M	$1.8B	$1.9B
Q4 22	$85M	$1.8B	$1.9B
Q1 23	$67M	$1.7B	$1.8B
Q2 23	$87M	$1.7B	$1.7B
Q3 23	$76M	$1.6B	$1.7B
Q4 23	$77M	$1.6B	$1.7B
Q1 24	$42M	$1.6B	$1.6B
Q2 24	$90M	$1.5B	$1.6B
Q3 24	$100M	$1.6B	$1.7B
Q4 24	$77M	$945M	$1.0B
Q1 25	$88M	$1.3B	$1.3B
Q2 25	$89M	$1.2B	$1.3B
Q3 25	$75M	$1.2B	$1.3B
Q4 25	$69M	$1.5B	$1.6B
Q1 26	$68M	$1.5B	$1.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	25M	-0.2%	-1.8%
Q3 22	25M	-0.1%	-1.1%
Q4 22	25M	+0.0%	-0.5%
Q1 23	25M	+0.1%	-0.2%
Q2 23	25M	-0.0%	-0.0%
Q3 23	25M	-0.1%	+0.0%
Q4 23	25M	-0.2%	-0.2%
Q1 24	24M	-0.6%	-0.9%
Q2 24	24M	+0.1%	-0.8%
Q3 24	25M	+0.1%	-0.6%
Q4 24	24M	-0.1%	-0.5%
Q1 25	25M	+0.2%	+0.4%
Q2 25	25M	-0.0%	+0.2%
Q3 25	24M	-0.3%	-0.2%
Q4 25	24M	-0.3%	-0.4%
Q1 26	24M	-0.5%	-1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$77.3K	1K
Q3 22	$83.8K	1K
Q4 22	$94.1K	1K
Q1 23	$100.2K	1K
Q2 23	$105.0K	1K
Q3 23	$112.2K	1K
Q4 23	$114.6K	1K
Q1 24	$118.0K	1K
Q2 24	$122.9K	1K
Q3 24	$124.0K	1K
Q4 24	$120.5K	1K
Q1 25	$124.6K	1K
Q2 25	$127.9K	1K
Q3 25	$130.0K	1K
Q4 25	$128.1K	1K
Q1 26	$107.3K	1K

Revenue / Employee