1st Source (SRCE) financial statements
1st Source reported revenue of $434M in fiscal 2025, up 5.9% a year over 9 years.
Net income was $158M.
Free cash flow was $213M, and the company returned $38M in dividends and $14M in net buybacks.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from 1st Source's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $259M | $284M | $311M | $325M | $330M | $337M | $355M | $369M | $387M | $434M |
| Interest expense | $22M | $27M | $43M | $59M | $37M | $18M | $30M | $138M | — | — |
| Pre-tax income | $89M | $101M | $105M | $120M | $106M | $155M | $157M | $162M | $171M | $204M |
| Income tax | $31M | $33M | $23M | $28M | $25M | $36M | $36M | $37M | $38M | $46M |
| Net income | $58M | $68M | $82M | $92M | $81M | $119M | $121M | $125M | $133M | $158M |
| EPS (diluted) | $2.22 | $2.60 | $3.16 | $3.57 | $3.17 | $4.70 | $4.84 | $5.03 | $5.36 | $6.41 |
| Diluted shares | 26M | 26M | 26M | 26M | 26M | 25M | 25M | 25M | 24M | 24M |
| Net margin | 22.3% | 23.9% | 26.5% | 28.3% | 24.7% | 35.2% | 34.0% | 33.8% | 34.3% | 36.5% |
Balance sheet
Fiscal years, from 1st Source's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $108M | $78M | $99M | $83M | $243M | $525M | $123M | $130M | $125M | $120M |
| Property, plant and equipment | $57M | $55M | $52M | $52M | $49M | $47M | $45M | $46M | $53M | $58M |
| Goodwill | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $84M | $84M |
| Total assets | $5.5B | $5.9B | $6.3B | $6.6B | $7.3B | $8.1B | $8.3B | $8.7B | $8.9B | $9.1B |
| Total liabilities | $4.8B | $5.2B | $5.5B | $5.8B | $6.4B | $7.1B | $7.4B | $7.7B | $7.8B | $7.7B |
| Shareholders' equity | $673M | $719M | $762M | $828M | $887M | $916M | $864M | $990M | $1.1B | $1.3B |
| Net debt | -$108M | -$78M | -$99M | -$83M | -$243M | -$525M | -$123M | -$130M | -$125M | -$120M |
Cash flow
Fiscal years, from 1st Source's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $98M | $140M | $160M | $165M | $154M | $167M | $176M | $188M | $194M | $223M |
| Capital spending | $9M | $5M | $3M | $8M | $3M | $3M | $2M | $6M | $12M | $10M |
| Free cash flow | $89M | $134M | $157M | $157M | $152M | $164M | $173M | $182M | $181M | $213M |
| Stock-based compensation | $3M | $3M | $4M | $3M | $3M | $4M | $4M | $5M | $6M | $6M |
| Dividends paid | $19M | $20M | $26M | $29M | $30M | $31M | $32M | $33M | $35M | $38M |
| Share buybacks (net) | -$8M | -$41,000 | -$9M | -$15M | -$6M | -$33M | -$7M | -$12M | -$178,000 | -$14M |
| Net borrowing | $73M | -$84M | -$17M | -$56M | $12M | $36M | -$10M | $93M | -$76M | -$13M |
| Free cash flow margin | 34.5% | 47.2% | 50.4% | 48.2% | 46.0% | 48.7% | 48.8% | 49.3% | 46.9% | 49.1% |
| Dividends per share | $0.75 | $0.79 | $0.99 | $1.13 | $1.17 | $1.25 | $1.30 | $1.34 | $1.44 | $1.57 |
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Open SRCE in InvestinglyQuestions
What was 1st Source's revenue in 2025?
$434M in fiscal 2025, from its 10-K filing.
How much free cash flow does 1st Source generate?
$213M in fiscal 2025 (operating cash flow minus capital spending).
From 1st Source's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.