Company Quick10K Filing
1st Source
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 26 $1,228
10-K 2020-02-20 Annual: 2019-12-31
10-Q 2019-07-18 Quarter: 2019-06-30
10-Q 2019-04-18 Quarter: 2019-03-31
10-K 2019-02-22 Annual: 2018-12-31
10-Q 2018-10-18 Quarter: 2018-09-30
10-Q 2018-07-19 Quarter: 2018-06-30
10-Q 2018-04-19 Quarter: 2018-03-31
10-K 2018-02-16 Annual: 2017-12-31
10-Q 2017-10-19 Quarter: 2017-09-30
10-Q 2017-07-20 Quarter: 2017-06-30
10-Q 2017-04-20 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-10-20 Quarter: 2016-09-30
10-Q 2016-07-21 Quarter: 2016-06-30
10-Q 2016-04-21 Quarter: 2016-03-31
10-K 2016-02-19 Annual: 2015-12-31
10-Q 2015-10-22 Quarter: 2015-09-30
10-Q 2015-07-23 Quarter: 2015-06-30
10-Q 2015-04-23 Quarter: 2015-03-31
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-10-23 Quarter: 2014-09-30
10-Q 2014-07-24 Quarter: 2014-06-30
10-Q 2014-04-24 Quarter: 2014-03-31
10-K 2014-02-21 Annual: 2013-12-31
10-Q 2013-10-24 Quarter: 2013-09-30
10-Q 2013-07-25 Quarter: 2013-06-30
10-Q 2013-04-25 Quarter: 2013-03-31
10-K 2013-02-22 Annual: 2012-12-31
10-Q 2012-10-25 Quarter: 2012-09-30
10-Q 2012-07-26 Quarter: 2012-06-30
10-Q 2012-04-26 Quarter: 2012-03-31
10-K 2012-02-17 Annual: 2011-12-31
10-Q 2011-10-20 Quarter: 2011-09-30
10-Q 2011-07-21 Quarter: 2011-06-30
10-Q 2011-04-21 Quarter: 2011-03-31
10-K 2011-02-17 Annual: 2010-12-31
10-Q 2010-10-21 Quarter: 2010-09-30
10-Q 2010-07-22 Quarter: 2010-06-30
10-Q 2010-04-22 Quarter: 2010-03-31
10-K 2010-02-19 Annual: 2009-12-31
8-K 2020-03-20 Amend Bylaw
8-K 2020-02-13 Regulation FD, Exhibits
8-K 2020-01-23 Officers, Exhibits
8-K 2020-01-23 Earnings, Amend Bylaw, Exhibits
8-K 2019-11-05 Regulation FD, Exhibits
8-K 2019-08-09 Regulation FD, Exhibits
8-K 2019-07-30 Officers, Exhibits
8-K 2019-07-18 Earnings, Exhibits
8-K 2019-07-09 Officers
8-K 2019-05-31 Regulation FD, Exhibits
8-K 2019-04-18 Earnings, Exhibits
8-K 2019-04-18 Shareholder Vote
8-K 2019-02-14 Regulation FD, Exhibits
8-K 2019-01-24 Earnings, Exhibits
8-K 2018-10-31 Regulation FD, Exhibits
8-K 2018-08-16 Regulation FD, Exhibits
8-K 2018-05-08 Regulation FD, Exhibits
8-K 2018-04-19 Shareholder Vote, Other Events, Exhibits
8-K 2018-04-19 Earnings, Exhibits
8-K 2018-04-03 Officers, Exhibits
8-K 2018-02-07 Regulation FD, Exhibits
8-K 2018-01-29 Other Events, Exhibits
8-K 2018-01-18 Earnings, Exhibits

1st Source Financials

SRCE Metrics, Comps, Filings

Annual | Quarterly

Business

1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank holding company headquartered in South Bend, Indiana that provides, through its subsidiaries (collectively referred to as "1st Source", "we", and "our"), a broad array of financial products and services. 1st Source Bank ("Bank"), its banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients through most of our 80 banking center locations in 17 counties in Indiana and Michigan and Sarasota County in Florida. 1st Source Bank's Specialty Finance Group, with 22 locations nationwide, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. While our lending portfolio is concentrated in certain equipment types, we serve a diverse client base. We are not dependent upon any single industry or client. At December 31, 2018, we had consolidated total assets of $6.29 billion, total loans and leases of $4.84 billion, total deposits of $5.12 billion, and total shareholders' equity of $762.08 million.

1st Source Bank is a wholly owned subsidiary of 1st Source Corporation that offers a broad range of consumer and commercial banking services through its lending operations, retail branches, and fee based businesses.

Commercial, Agricultural, and Real Estate Loans - 1st Source Bank provides commercial, small business, agricultural, and real estate loans to primarily privately owned business clients mainly located within our regional market area. Loans are made for a wide variety of general corporate purposes, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivable, renewable energy financing, and acquisition financing. Other services include commercial leasing, treasury management services and retirement planning services.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Heartland Financial (HTLF) 1,662 0% 4.6 1% 12,569 11,005 57 0 143 264 1,214
First Busey (BUSE) 1,437 4.2 1% 9,754 8,538 0 0 100 214 911
Veritex Holdings (VBTX) 1,341 6.7 1% 7,963 6,757 0 0 62 163 1,088
First Commonwealth Financial (FCF) 1,323 10.2 1% 8,152 7,113 0 0 79 141 1,429
Sandy Spring Bancorp (SASR) 1,295 4.3 1% 8,438 7,297 0 0 114 252 1,085
Seacoast Banking of Florida (SBCF) 1,337 8.7 1% 6,891 5,928 0 0 72 138 1,205
Tompkins Financial (TMP) 1,226,469 0% 8,261.8 1% 6,628 5,968 52 0 80 148 1,226,341
S&T Bancorp (STBA) 1,264 7.2 1% 7,572 6,590 0 0 76 167 1,205
1st Source (SRCE) 1,200 7.9 1% 6,691 5,858 0 0 70 136 1,073
OFG Bancorp (OFG) 1,142 1.5 1% 6,334 5,284 0 0 55 117 179
FB Financial (FBK) 1,178 6.9 1% 6,089 5,344 0 0 62 136 935
City Holding (CHCO) 1,258 0% 8.6 2% 4,958 4,308 47 0 77 133 1,142
Lakeland Financial (LKFN) 1,146 6.0 2% 4,948 4,364 0 0 86 167 1,009
Trico Bancshares (TCBK) 1,139 0% 6.2 1% 6,385 5,488 30 0 92 141 880
Enterprise Financial Services (EFSC) 1,101 4.9 1% 7,347 6,501 0 0 87 172 844
National Bank Holdings (NBHC) 1,089 7.5 1% 5,990 5,237 0 0 78 128 962
First Bancorp (FBNC) 1,069 6.1 1% 6,069 5,234 0 0 71 124 752
Southside Bancshares (SBSI) 1,177 7.4 1% 6,542 5,732 0 0 75 166 1,221
Meridian Bancorp (EBSB) 982 6.9 1% 6,363 5,651 0 0 62 173 1,190
Boston Private Financial Holdings (BPFH) 1,006 0% 4.9 1% 8,691 7,881 353 0 92 188 928

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash11484545260737899
Accounts Receivable
Inventory
PP&E40451005053575552
Assets4,3744,5516787077347645,8876,294
Accounts Payable
Long-Term Debt
Liabilities3,85083929290915,1695,530
Stockholders' Equity524559585614644673719762
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue6134363943
Cost of Revenue
Gross Profit
R&D
SG&A
Tax2626-22930203323
Net Income4849-545757576882
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating1249329283634117144
Cash Investing35-10215-462-443
Cash Financing-142131-7-32-29-26315319