1st Source Corporation (SRCE) Income Statement
SRCE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSRCE revenue and net income
Where SRCE's revenue goes
2025Each bar shows an amount and its share of revenue. SRCE kept 26.4% of revenue as net income.
SRCE profit margins
SRCE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.2% | +15.9% | +10.3% | +8.4% |
| Gross profit | +12.6% | +7.3% | +7.5% | +5.5% |
| Operating income | +19.9% | +9.4% | +14.0% | +8.8% |
| Net income | +19.3% | +9.5% | +14.2% | +10.7% |
| EPS (diluted) | +22.4% | +11.5% | +15.2% | +12.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SRCE quarterly EPS vs estimates
1st Source beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 22, 2026 (estimate $1.83).
SRCE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $600.0M | $570.3M | $507.5M | $385.1M | $354.9M | $366.9M | $384.0M | $354.4M | $311.1M | $280.7M |
| Cost of revenue | $178.1M | $195.7M | $144.1M | $43.6M | $13.8M | $73.2M | $74.8M | $62.9M | $35.7M | $27.9M |
| Gross profit | $421.9M | $374.7M | $363.4M | $341.5M | $341.0M | $293.7M | $309.2M | $291.5M | $275.4M | $252.8M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $111.0M | $134.9M | $128.7M | $114.6M | $116.5M | $113.9M | $118.0M | $115.3M | $109.8M | $105.1M |
| Total operating expenses | $216.8M | $203.6M | $201.7M | $184.7M | $185.3M | $187.4M | $189.0M | $186.5M | $174.0M | $163.6M |
| Operating income | $205.1M | $171.1M | $161.7M | $156.8M | $154.9M | $106.3M | $120.2M | $105.0M | $101.4M | $89.1M |
| Interest income | $514.4M | $484.0M | $416.9M | $293.8M | $254.8M | $263.0M | $282.9M | $257.3M | $212.4M | $191.8M |
| Interest expense | $166.2M | $183.2M | $138.3M | $30.3M | $18.1M | $37.2M | $59.0M | $43.4M | $26.8M | $22.1M |
| Income before taxes | $204.4M | $171.1M | $161.7M | $156.8M | $154.9M | $106.3M | $120.2M | $105.0M | $101.4M | $89.1M |
| Income taxes | $46.1M | $38.4M | $36.7M | $36.3M | $36.3M | $24.9M | $28.1M | $22.6M | $33.3M | $31.3M |
| Net income | $158.3M | $132.6M | $124.9M | $120.5M | $118.5M | $81.4M | $92.0M | $82.4M | $68.1M | $57.8M |
| EBITDA | $216.4M | $183.4M | $177.1M | $175.9M | $178.9M | $137.4M | $155.4M | $137.9M | $133.3M | $117.5M |
| EPS (diluted) | $6.73 | $5.50 | $5.07 | $4.85 | $4.69 | $3.31 | $3.51 | $3.29 | $2.61 | $2.22 |
| Gross margin | 70.3% | 65.7% | 71.6% | 88.7% | 96.1% | 80.0% | 80.5% | 82.3% | 88.5% | 90.0% |
| Operating margin | 34.2% | 30.0% | 31.9% | 40.7% | 43.6% | 29.0% | 31.3% | 29.6% | 32.6% | 31.8% |
| Net margin | 26.4% | 23.3% | 24.6% | 31.3% | 33.4% | 22.2% | 23.9% | 23.3% | 21.9% | 20.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $156.1M | $149.1M | $150.5M | $152.8M | $150.3M | $146.4M | $141.6M | $145.7M | $144.4M | $138.6M | $134.6M | $131.8M |
| Cost of revenue | $39.5M | $43.3M | $39.7M | $43.0M | $49.7M | $45.6M | $45.6M | $50.9M | $47.2M | $52.0M | $45.2M | $38.9M |
| Gross profit | $116.6M | $105.9M | $110.8M | $109.8M | $100.6M | $100.8M | $96.0M | $94.8M | $97.2M | $86.6M | $89.5M | $92.8M |
| Sales, general & admin | $47.9M | $3.5M | $35.6M | $36.5M | $3.4M | $35.5M | $38.7M | $34.4M | $32.9M | $33.0M | $36.4M | $31.7M |
| Total operating expenses | $55.8M | $54.5M | $56.6M | $54.8M | $52.4M | $53.1M | $56.0M | $49.4M | $49.5M | $48.7M | $53.0M | $50.2M |
| Operating income | $60.8M | $51.4M | $54.3M | $55.0M | $48.1M | $47.7M | $40.1M | $45.4M | $47.7M | $37.9M | $36.5M | $42.7M |
| Interest income | $131.1M | $126.1M | $133.0M | $130.9M | $127.2M | $123.3M | $123.2M | $123.2M | $121.2M | $116.5M | $114.6M | $107.3M |
| Interest expense | $37.9M | $36.0M | $39.7M | $42.1M | $42.0M | $42.4M | $43.8M | $47.7M | $47.1M | $44.6M | $43.2M | $38.1M |
| Income before taxes | $61.6M | $51.4M | $53.6M | $55.0M | $48.1M | $47.7M | $40.1M | $45.4M | $47.7M | $37.9M | $36.5M | $42.7M |
| Income taxes | $14.1M | $11.4M | $12.4M | $12.7M | $10.8M | $10.2M | $8.6M | $10.5M | $10.9M | $8.4M | $8.1M | $9.7M |
| Net income | $47.5M | $40.0M | $41.1M | $42.3M | $37.3M | $37.5M | $31.4M | $34.9M | $36.8M | $29.5M | $28.4M | $32.9M |
| EBITDA | $63.1M | $54.2M | $57.1M | $57.8M | $50.9M | $50.5M | $43.1M | $48.4M | $50.7M | $41.2M | $40.0M | $46.4M |
| EPS (diluted) | $1.95 | $1.63 | $1.87 | $1.79 | $1.55 | $1.52 | $1.41 | $1.41 | $1.49 | $1.19 | $1.26 | $1.32 |
| Gross margin | 74.7% | 71.0% | 73.6% | 71.8% | 66.9% | 68.8% | 67.8% | 65.1% | 67.3% | 62.5% | 66.5% | 70.4% |
| Operating margin | 39.0% | 34.4% | 36.1% | 36.0% | 32.0% | 32.6% | 28.3% | 31.2% | 33.1% | 27.3% | 27.1% | 32.4% |
| Net margin | 30.5% | 26.8% | 27.3% | 27.7% | 24.8% | 25.6% | 22.2% | 24.0% | 25.5% | 21.2% | 21.1% | 25.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SRCE's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SRCE financial results
In fiscal year 2025 (ended December 31, 2025), 1st Source reported revenue of $600.0 million, up 5.2% from the year before. It had net income of $158.3 million (up 19.3%), a net profit margin of 26.4%. Diluted earnings per share came to $6.73. Over five years revenue grew at an average rate of 10.3% a year.
See the SRCE stock overview for the latest quote and news, or the SRCE chart for price history and technical indicators.
SRCE income statement FAQ
What is 1st Source's annual revenue?
1st Source reported total revenue of $600.0 million for fiscal year 2025, which ended on December 31, 2025. That was up 5.2% from $570.3 million the previous year.
Is 1st Source profitable?
Yes. 1st Source reported net income of $158.3 million in fiscal 2025, a net profit margin of 26.4%; its operating margin was 34.2%.
What is 1st Source's gross margin?
1st Source's gross margin was 70.3% in fiscal 2025: for every $100 of revenue, 1st Source kept $70 after the direct cost of its products and services.
How fast is 1st Source growing?
Revenue grew 10.3% a year on average over the last five fiscal years, from $366.9 million to $600.0 million.
What are 1st Source's earnings per share?
1st Source earned $6.73 per diluted share in fiscal 2025, compared with $5.50 a year earlier.
When will 1st Source report its next earnings?
1st Source is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does 1st Source's fiscal year end?
1st Source's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.