Company Quick10K Filing
1st Source
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 26 $1,228
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 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) 1,560 0% 3.3 1% 12,160 10,639 77 0 143 281 918
First Busey (BUSE) 1,444 4.8 1% 9,613 8,409 0 0 102 213 1,024
Veritex Holdings (VBTX) 1,391 8.0 1% 8,010 6,805 0 0 53 141 1,125
First Commonwealth Financial (FCF) 1,319 8.0 1% 8,071 7,049 0 0 104 182 1,457
Sandy Spring Bancorp (SASR) 1,292 4.2 1% 8,399 7,279 0 0 113 251 1,060
Seacoast Banking of Florida (SBCF) 1,278 7.3 1% 6,825 5,895 0 0 78 154 1,118
Tompkins Financial (TMP) 1,261 0% 7.8 1% 6,654 5,997 67 0 80 151 1,180
S&T Bancorp (STBA) 1,255 6.4 1% 7,335 6,370 0 0 107 194 1,248
1st Source (SRCE) 1,228 6.8 1% 6,650 5,845 0 0 87 166 1,131
OFG Bancorp (OFG) 1,223 2.9 1% 6,464 5,419 0 0 95 185 545
FB Financial (FBK) 1,212 6.5 1% 5,940 5,222 0 0 77 161 1,048
City Holding (CHCO) 1,212 0% 8.1 2% 4,940 4,304 46 0 76 129 1,043
Lakeland Financial (LKFN) 1,164 0% 5.9 2% 4,976 4,410 0 0 85 164 968
Trico Bancshares (TCBK) 1,140 0% 7.4 1% 6,395 5,519 39 0 85 131 964
Enterprise Financial Services (EFSC) 1,101 5.7 1% 7,182 6,356 0 0 81 161 912
National Bank Holdings (NBHC) 1,092 8.2 1% 5,858 5,124 0 0 75 120 990
First Bancorp (FBNC) 1,076 4.7 2% 6,012 5,197 0 0 92 158 737
Southside Bancshares (SBSI) 1,067 6.6 1% 6,373 5,585 0 0 75 166 1,094
Meridian Bancorp (EBSB) 938 7.2 1% 6,369 5,673 0 0 60 164 1,178
Boston Private Financial Holdings (BPFH) 933 0% 4.2 1% 8,713 7,913 363 0 91 207 867

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