1st Source Corporation (SRCE) Balance Sheet
SRCE balance sheet, 2025
December 31, 2025 · U.S. dollars$9.06B assets = $7.74B liabilities + $1.32B equity
Both columns are drawn to the same scale: what SRCE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SRCE financial health
Descriptive bands, not a rating. Fiscal 2025.
SRCE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.49B2016 | $9.06B2025 | +5.7%/yr | |
| Total liabilities | $4.81B2016 | $7.74B2025 | +5.4%/yr | |
| Shareholders’ equity | $672.6M2016 | $1.27B2025 | +7.4%/yr | |
| Cash & short-term investments | $909.0M2016 | $1.59B2025 | +6.4%/yr | |
| Total debt | $425.0M2016 | $340.7M2025 | −2.4%/yr | |
| Net cash (debt) | $484.0M2016 | $1.25B2025 | +$767.0M | |
| Working capital | −$3.64B2016 | $1.47B2025 | +$5.1B | |
| Book value per share | $25.992016 | $52.272025 | +8.1%/yr | |
| Debt / equity | 0.632016 | 0.272025 | −0.36 | |
| Shares outstanding | 25.9M2016 | 24.4M2025 | −0.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SRCE assets
SRCE liabilities and equity
SRCE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SRCE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.59B | $1.02B | $1.70B | $1.86B | $1.92B | $1.27B | $1.11B | $1.09B | $977.7M | $909.0M |
| Cash & equivalents | $69.2M | $76.8M | $77.5M | $84.7M | $54.4M | $74.2M | $67.2M | $94.9M | $73.6M | $58.6M |
| Short-term investments | $1.52B | $944.7M | $1.62B | $1.78B | $1.86B | $1.20B | $1.04B | $990.1M | $904.0M | $850.5M |
| Receivables | $0 | $0 | $0 | $380.0M | $269.5M | $288.6M | $228.0M | $159.3M | $155.4M | $130.1M |
| Inventory | $0 | $0 | $0 | −$148.0M | −$543.8M | −$265.6M | −$92.5M | $7.0M | $11.4M | $10.1M |
| Other current assets | $0 | $0 | $0 | $148.0M | $543.8M | $265.6M | $92.5M | $0 | $0 | $0 |
| Total current assets | $1.59B | $1.02B | $1.70B | $2.24B | $2.19B | $1.56B | $1.34B | $1.24B | $1.13B | $1.04B |
| Property, plant & equipment (net) | $65.3M | $64.9M | $66.5M | $76.5M | $95.5M | $114.4M | $163.9M | $186.6M | $194.2M | $175.5M |
| Goodwill & intangible assets | $83.9M | $83.9M | $83.9M | $83.9M | $83.9M | $83.9M | $84.0M | $84.0M | $83.7M | $167.8M |
| Long-term investments | $1.54B | $1.56B | $1.65B | $1.80B | $1.89B | $6.56B | $6.04B | $5.74B | $4.45B | $4.12B |
| Other non-current assets | $5.77B | $6.20B | $5.23B | $4.14B | $3.84B | $0 | $0 | $0 | $30.4M | $0 |
| Total assets | $9.06B | $8.93B | $8.73B | $8.34B | $8.10B | $7.32B | $6.62B | $6.29B | $5.89B | $5.49B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $6.93B | $6.68B | $5.95B | $5.36B | $5.12B | $4.75B | $4.33B |
| Short-term debt | $238.6M | $249.2M | $312.4M | $215.5M | $200.0M | $150.6M | $145.9M | $199.3M | $214.6M | $291.9M |
| Total current liabilities | $126.2M | $7.48B | $7.35B | $7.31B | $7.00B | $6.25B | $5.64B | $5.40B | $5.04B | $4.68B |
| Long-term debt | $74.3M | $75.8M | $85.0M | $58.8M | $58.8M | $58.8M | $58.8M | $58.8M | $58.8M | $58.8M |
| Other long-term liabilities | $4.23B | $195.4M | $223.7M | $46.6M | $71.3M | $81.9M | $71.6M | $71.1M | $70.1M | $74.3M |
| Total liabilities | $7.74B | $7.75B | $7.66B | $7.42B | $7.13B | $6.39B | $5.77B | $5.53B | $5.17B | $4.81B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M |
| Retained earnings (deficit) | $1.02B | $890.9M | $789.8M | $694.9M | $603.8M | $514.2M | $463.3M | $399.0M | $340.0M | $290.8M |
| Treasury stock | — | — | — | −$119.6M | −$114.2M | −$82.2M | −$76.7M | −$62.8M | −$54.6M | −$56.1M |
| Accumulated other comprehensive income | −$34.8M | −$87.2M | −$106.3M | −$147.7M | −$9.9M | $18.4M | $5.2M | −$10.7M | −$3.3M | $1.3M |
| Minority interest | $43.1M | $70.4M | $78.7M | $59.7M | $53.2M | $43.8M | $20.4M | $1.5M | $0 | $0 |
| Total shareholders' equity | $1.27B | $1.11B | $989.6M | $864.1M | $916.3M | $886.8M | $828.3M | $762.1M | $718.5M | $672.6M |
| Key figures | ||||||||||
| Total debt | $340.7M | $325.0M | $397.4M | $302.9M | $309.4M | $270.9M | $258.3M | $312.7M | $324.5M | $425.0M |
| Net cash (debt) | $1.25B | $696.5M | $1.30B | $1.56B | $1.61B | $1.00B | $849.5M | $772.3M | $653.2M | $484.0M |
| Working capital | $1.47B | −$6.46B | −$5.65B | −$5.07B | −$4.81B | −$4.68B | −$4.31B | −$4.16B | −$3.91B | −$3.64B |
| Tangible book value | $1.19B | $1.03B | $905.6M | $780.2M | $832.3M | $802.9M | $744.3M | $678.1M | $634.8M | $504.9M |
| Book value per share | $52.27 | $45.36 | $40.20 | $35.00 | $36.59 | $34.74 | $32.35 | $29.38 | $27.71 | $25.99 |
| Shares outstanding | 24.4M | 24.5M | 24.6M | 24.7M | 25.0M | 25.5M | 25.6M | 25.9M | 25.9M | 25.9M |
| Current ratio | 12.62 | 0.14 | 0.23 | 0.31 | 0.31 | 0.25 | 0.24 | 0.23 | 0.22 | 0.22 |
| Quick ratio | 12.62 | 0.14 | 0.23 | 0.31 | 0.31 | 0.25 | 0.24 | 0.23 | 0.22 | 0.22 |
| Debt / equity | 0.27 | 0.29 | 0.40 | 0.35 | 0.34 | 0.31 | 0.31 | 0.41 | 0.45 | 0.63 |
| Equity / assets | 14.1% | 12.4% | 11.3% | 10.4% | 11.3% | 12.1% | 12.5% | 12.1% | 12.2% | 12.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.60B | $1.30B | $1.59B | $1.32B | $1.31B | $1.35B | $1.02B | $1.66B | $1.61B | $1.62B | $1.70B | $1.68B |
| Cash & equivalents | $362.9M | $67.7M | $69.2M | $75.3M | $88.8M | $87.8M | $76.8M | $99.9M | $89.6M | $41.5M | $77.5M | $75.7M |
| Short-term investments | $1.23B | $1.24B | $1.52B | $1.25B | $1.22B | $1.26B | $944.7M | $1.56B | $1.52B | $1.58B | $1.62B | $1.61B |
| Receivables | $34.7M | $34.4M | $0 | $32.1M | $32.4M | $31.5M | $0 | $30.7M | $31.9M | $30.7M | $0 | $28.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$301.2M | −$1.66B | $0 | −$167.7M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $301.2M | $1.66B | $0 | $167.7M |
| Total current assets | $102.2M | $1.34B | $1.59B | $1.36B | $1.34B | $1.38B | $1.02B | $1.69B | $1.65B | $1.66B | $1.70B | $1.71B |
| Property, plant & equipment (net) | $86.1M | $87.2M | $65.3M | $86.4M | $84.5M | $85.0M | $64.9M | $83.0M | $83.1M | $83.8M | $66.5M | $90.4M |
| Goodwill & intangible assets | $167.8M | $87.2M | $83.9M | $87.2M | $87.2M | $83.9M | $83.9M | $87.4M | $87.5M | $87.5M | $83.9M | $87.7M |
| Long-term investments | $1.41B | $1.41B | $1.54B | $1.40B | $1.37B | $1.41B | $1.56B | $1.74B | $1.70B | $1.76B | $1.65B | $1.78B |
| Other non-current assets | $7.50B | $6.19B | $5.77B | $6.12B | $6.20B | $6.00B | $6.20B | $5.16B | $5.36B | $5.08B | $5.23B | $4.86B |
| Total assets | $9.26B | $9.11B | $9.06B | $9.06B | $9.09B | $8.96B | $8.93B | $8.76B | $8.88B | $8.67B | $8.73B | $8.53B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $6.97B |
| Short-term debt | $199.5M | $289.2M | $238.6M | $73.6M | $110.1M | $61.2M | $249.2M | $165.7M | $288.2M | $249.6M | $312.4M | $272.1M |
| Total current liabilities | $199.5M | $7.52B | $126.2M | $7.48B | $7.55B | $7.48B | $7.48B | $7.29B | $7.48B | $7.30B | $7.35B | $7.24B |
| Long-term debt | $94.8M | $94.3M | $74.3M | $101.0M | $100.6M | $100.0M | $75.8M | $98.0M | $97.9M | $98.2M | $85.0M | $105.3M |
| Other long-term liabilities | $7.62B | $181.5M | $4.23B | $180.9M | $176.4M | $163.7M | $195.4M | $199.1M | $181.1M | $183.2M | $223.7M | $197.2M |
| Total liabilities | $7.91B | $7.79B | $7.74B | $7.77B | $7.83B | $7.74B | $7.75B | $7.59B | $7.76B | $7.59B | $7.66B | $7.54B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M | $436.5M |
| Retained earnings (deficit) | $1.08B | $1.05B | $1.02B | $983.6M | $950.4M | $921.7M | $890.9M | $868.1M | $841.8M | $812.4M | $789.8M | $769.6M |
| Accumulated other comprehensive income | −$46.5M | −$40.9M | −$34.8M | −$45.9M | −$56.8M | −$67.9M | −$87.2M | −$71.2M | −$105.6M | −$109.3M | −$106.3M | −$151.3M |
| Minority interest | $42.8M | $42.9M | $43.1M | $55.0M | $58.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.31B | $1.28B | $1.27B | $1.24B | $1.20B | $1.16B | $1.11B | $1.10B | $1.04B | $1.01B | $989.6M | $924.2M |
| Key figures | ||||||||||||
| Total debt | $294.3M | $383.5M | $340.7M | $174.6M | $210.7M | $161.2M | $325.0M | $263.7M | $386.1M | $347.8M | $397.4M | $377.4M |
| Net cash (debt) | $1.30B | $919.7M | $1.25B | $1.15B | $1.10B | $1.19B | $696.5M | $1.40B | $1.23B | $1.28B | $1.30B | $1.30B |
| Working capital | −$97.3M | −$6.18B | $1.47B | −$6.13B | −$6.21B | −$6.10B | −$6.46B | −$5.60B | −$5.84B | −$5.65B | −$5.65B | −$5.53B |
| Tangible book value | $1.14B | $1.19B | $1.19B | $1.15B | $1.11B | $1.08B | $1.03B | $1.02B | $956.0M | $922.4M | $905.6M | $836.6M |
| Book value per share | $54.21 | $52.64 | $52.27 | $50.53 | $48.84 | $47.32 | $45.36 | $45.05 | $42.60 | $41.29 | $40.20 | $37.48 |
| Shares outstanding | 24.2M | 24.3M | 24.4M | 24.5M | 24.5M | 24.5M | 24.5M | 24.5M | 24.5M | 24.5M | 24.6M | 24.7M |
| Current ratio | 0.51 | 0.18 | 12.62 | 0.18 | 0.18 | 0.18 | 0.14 | 0.23 | 0.22 | 0.23 | 0.23 | 0.24 |
| Quick ratio | 8.17 | 0.18 | 12.62 | 0.18 | 0.18 | 0.18 | 0.14 | 0.23 | 0.22 | 0.23 | 0.23 | 0.24 |
| Debt / equity | 0.22 | 0.30 | 0.27 | 0.14 | 0.18 | 0.14 | 0.29 | 0.24 | 0.37 | 0.34 | 0.40 | 0.41 |
| Equity / assets | 14.1% | 14.0% | 14.1% | 13.7% | 13.2% | 13.0% | 12.4% | 12.6% | 11.8% | 11.7% | 11.3% | 10.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.
SRCE financial position
At the end of fiscal 2025 (December 31, 2025), 1st Source had total assets of $9.1 billion (up 1.4% from a year earlier), total liabilities of $7.7 billion and shareholders' equity of $1.3 billion. It held $1.6 billion in cash and short-term investments against $340.7 million of debt, a net cash position of $1.3 billion. Its current ratio was 12.62. In the latest quarter (ended June 30, 2026) total assets were $9.3 billion and equity $1.3 billion.
Related: SRCE income statement, SRCE cash flow statement, SRCE key metrics. See the SRCE stock overview for the latest quote and news.
SRCE balance sheet FAQ
What are 1st Source's total assets?
1st Source reported total assets of $9.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $8.9 billion a year earlier.
How much debt does 1st Source have?
1st Source had $340.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.27.
How much cash does 1st Source have?
1st Source held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $340.7 million of debt that is net cash of $1.3 billion.
What is 1st Source's book value?
1st Source's shareholders' equity (book value) was $1.3 billion at the end of fiscal 2025, or $52.27 per share.
What is 1st Source's current ratio?
1st Source had current assets of $1.6 billion and current liabilities of $126.2 million, a current ratio of 12.62 (it can cover its short-term obligations).
How much goodwill does 1st Source have?
1st Source carried $83.9 million of goodwill and intangible assets, 0.9% of total assets, at the end of fiscal 2025.