SRCE on Nasdaq

1ST SOURCE CORP

1ST SOURCE CORP is an American state commercial bank, incorporated in Indiana.1 It is headquartered in South Bend, Indiana.1 Its shares trade on Nasdaq under the symbol SRCE.1

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Last updated Oct 20, 2026.

Overview

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  • TickerSRCE on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersSouth Bend, Indiana1
  • Incorporated inIN2
  • Business address100 North Michigan Street, South Bend, In 466012
  • Filer categoryLarge accelerated filer2

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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”, the “Company”, “we”, and “our”), a broad array of financial products and services. 1st Source Bank (“Bank”), its wholly-owned banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients (through 1st Source Insurance, Inc.) from most of our 78 banking center locations in 19 counties in Indiana and Michigan and Sarasota County in Florida. 1st Source Bank’s Specialty Finance Group, with 15 locations nationwide, offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types (cars, trucks, vans) for fleet purposes. …3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Fiduciary and Trust brought in 47% of the revenue 1ST SOURCE CORP broke down this way in fiscal 2025.

  1. Fiduciary and Trust$27.9M447%up 4% from 2024
  2. Debit Card$17.8M430%down 0% from 2024
  3. Deposit Account$13.2M422%up 2% from 2024
Products and services by year
Products and services202320242025
Fiduciary and Trust$23.7M$26.7M$27.9M
Debit Card$18.0M$17.8M$17.8M
Deposit Account$12.7M$12.9M$13.2M

Financial statements

Net income56784$158.3M in 2025+72% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $92.0M$92.0M20192020: $81.5M$81.5M2020−11%2021: $118.6M$118.6M2021+46%2022: $120.5M$120.5M2022+2%2023: $124.9M$124.9M2023+4%2024: $132.6M$132.6M2024+6%2025: $158.3M$158.3M2025+19%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Loans and leases$471.0M$451.3M$387.3M
Investment securities, taxable$36.4M$25.7M$24.5M
Investment securities, tax-exempt$1.2M$1.0M$1.4M
Other$5.8M$5.9M$3.7M
Total interest income$514.4M$484.0M$416.9M
Deposits$155.9M$166.8M$123.2M
Short-term borrowings$1.6M$9.0M$7.0M
Subordinated notes$4.0M$4.2M$4.2M
Long-term debt and mandatorily redeemable securities$4.7M$3.2M$3.9M
Total interest expense$166.2M$183.2M$138.3M
Net interest income$348.2M$300.8M$278.6M
Provision for credit losses$12.6M$12.5M$5.9M
Net interest income after provision for credit losses$335.6M$288.4M$272.8M
Mortgage banking$4.1M$4.2M$3.5M
Insurance commissions$7.7M$6.7M$6.9M
Equipment rental$3.0M$5.2M$8.8M
Losses on investment securities available-for-sale-$8.7M-$3.9M-$2.9M
Other$20.6M$16.7M$19.9M
Total noninterest income$85.6M$86.3M$90.6M
Salaries and employee benefits$129.6M$121.9M$115.6M
Net occupancy$12.7M$11.9M$11.1M
Furniture and equipment$6.5M$5.6M$5.7M
Data processing$29.8M$27.6M$25.1M
Depreciation - leased equipment$2.4M$4.1M$7.1M
Professional fees$7.1M$7.1M$6.7M
FDIC and other insurance$5.8M$6.1M$5.9M
Business development and marketing$8.9M$6.9M$7.2M
Other$14.1M$12.4M$17.4M
Total noninterest expense$216.8M$203.6M$201.7M
Income before income taxes$204.4M$171.1M$161.7M
Income tax expense$46.1M$38.4M$36.7M
Net income$158.3M$132.6M$124.9M
Net loss (income) attributable to noncontrolling interests$18.0K$5.0K-$7.0K
Net income available to common shareholders$158.3M$132.6M$124.9M
Basic net income per common share, in dollars per share$6.41$5.36$5.03
Diluted net income per common share, in dollars per share$6.41$5.36$5.03

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Corporate structure

1ST SOURCE CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of 1ST SOURCE CORP

  • Oliver Cromwell Carmichael Iii. Filed SCHEDULE 13G/A on 1ST SOURCE CORP, latest Jul 6, 2026 (2 filings since Mar 12, 2025)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on 1ST SOURCE CORP, latest Mar 25, 2026 (4 filings since Jul 29, 2025)
  • BlackRock Filed SC 13G/A on 1ST SOURCE CORP, latest Nov 12, 2024 (2 filings since Oct 22, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on 1ST SOURCE CORP, latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • Stanley Clark Carmichael Filed SC 13G/A on 1ST SOURCE CORP, latest Feb 9, 2022
  • 1ST SOURCE CORP South Bend, Indiana

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What 1ST SOURCE CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$137.8M4 Dec 31, 2025$131.1M4 Dec 31, 2024+5.1%
Accumulated depreciation$79.5M4 Dec 31, 2025$77.6M4 Dec 31, 2024+2.4%
Property and equipment, net$58.3M4 Dec 31, 2025$53.5M4 Dec 31, 2024+9.1%
Operating-lease assets (leased space)$20.1M4 Dec 31, 2025$21.1M4 Dec 31, 2024−4.5%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$1.5B4 Dec 31, 2025$1.5B4 Dec 31, 2024−0.9%
Debt securities held to maturity$04 Dec 31, 2025$04 Dec 31, 2024
Loans, net of allowance$6.9B4 Dec 31, 2025$6.7B4 Dec 31, 2024+2.8%
Deposits held (banks)$7.2B4 Dec 31, 2025$7.2B4 Dec 31, 2024−0.1%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$83.9M4 Dec 31, 2025$83.9M4 Dec 31, 20240%
Accumulated amortization$400.0K4 Dec 31, 2025$140.0K4 Dec 31, 2024+185.7%
Finite-lived intangibles, net$04 Dec 31, 2025$04 Dec 31, 2024

Properties, in its own words

Our headquarters building is located in downtown South Bend, Indiana. The building is part of a larger complex, including a 300-room hotel and a 500-car parking garage. Our lease on this property runs through December 2029 for the 7th floor and September 2027 for all remaining floors. As of December 31, 2025, 1st Source leases approximately 83% of the office space in this complex.

At December 31, 2025, we owned or leased properties where our 78 banking centers were located. Our facilities are located in Allen, DeKalb, Elkhart, Fulton, Hamilton, Huntington, Kosciusko, LaPorte, Marshall, Porter, Pulaski, St. Joseph, Starke, Tippecanoe, Wells, and Whitley Counties in the State of Indiana, Berrien, Cass, and Kalamazoo Counties in the State of Michigan, and Sarasota County in the state of Florida. 1st Source Bank also owns approximately 28 acres in St. Joseph County which were approved by the Board for development and construction of an operations and training facility. During 2024 we sold approximately seven acres of land that was not part of the 28 acres approved by the Board for development and construction. We anticipate moving forward with construction in the coming years subject to receiving appropriate agreements, approvals and authorizations from local city and county building and economic development authorities as well as market conditions including inflation levels and financing costs. Additionally, we utilize an operations center for business operations. The Bank leases additional properties to and from third parties under arms-length agreements.

Item 2 of the 10-K filed Feb 17, 2026.3

Leadership

Who has led 1ST SOURCE CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher J. Murphy Iii.2006–2024
  2. Andrea G. Short2026–now

Chair

  1. Christopher J. Murphy Iii.2006–now

President

  1. Wellington D. Jones Iii.2006–2012
  2. James R. Seitz2013–2020
  3. Andrea G. Short2025–now

Chief financial officer

  1. Larry E. Lentych2006–2012
  2. Andrea G. Short2013–2021
  3. Brett A. Bauer2021–now
2010201520202025
Board members and other officers (26)

Timeline

  1. Aug 5, 20268-K Regulation FD disclosure45
  2. Jul 23, 20268-K Results of operations46
  3. May 1, 20268-K Regulation FD disclosure47
  4. Apr 24, 20268-K Executive or director change; Shareholder vote48
  5. Apr 23, 20268-K Results of operations49
  6. Feb 23, 20268-K Other events50
  7. Feb 5, 2026New chief executive Andrea G. Short becomes CEO13
  8. Jan 30, 20268-K Regulation FD disclosure51
  9. Jan 23, 20268-K Results of operations52
  10. Oct 31, 20258-K Regulation FD disclosure53
  11. Oct 24, 20258-K Executive or director change54
  12. Oct 23, 20258-K Results of operations55
  13. Sep 29, 20258-K Executive or director change56
  14. Feb 14, 2006New chief executive Christopher J. Murphy Iii. becomes CEO14

Calendar

Coming up

  1. Oct 22, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.71 a share, on Oct 23, 2025.57

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results46
  2. Apr 23, 2026Reported quarterly or annual results49
  3. Jan 23, 2026Reported quarterly or annual results52
  4. Oct 23, 2025Reported quarterly or annual results55
  5. Jul 24, 2025Reported quarterly or annual results58
  6. Apr 24, 2025Reported quarterly or annual results59
  7. Jan 23, 2025Reported quarterly or annual results60
  8. Oct 24, 2024Reported quarterly or annual results61

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

327 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 54 major events, 212 insider forms, 15 large holders, 26 other. The latest 20:

  1. Aug 10, 20264 EDGAR
  2. Aug 6, 20264 EDGAR
  3. Aug 6, 20264 EDGAR
  4. Aug 6, 20264 EDGAR
  5. Aug 6, 20264 EDGAR
  6. Aug 6, 20264 EDGAR
  7. Aug 6, 20264 EDGAR
  8. Aug 5, 20268-K 8-K 2ND QTR 2026 INVESTOR PRESENTATION EDGAR
  9. Jul 23, 202610-Q 10-Q 2ND QUARTER 2026 EDGAR
  10. Jul 23, 20268-K 8-K 2ND QTR 2026 EARNINGS RELEASE EDGAR
  11. Jul 6, 2026SCHEDULE 13G/A EDGAR
  12. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  13. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  14. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  15. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  16. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  17. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  18. Jun 26, 2026S-8 POS POST-EFFECTIVE AMENDMENT TO A S-8 REGISTRATION STATEMENT EDGAR
  19. Jun 26, 2026S-8 INITIAL REGISTRATION STATEMENT FOR SECURITIES TO BE OFFERED TO EMPLOYEES PURSUAN EDGAR
  20. Jun 25, 202611-K EDGAR

The 327 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

32 open-market trades by officers, directors and large owners since October 2021: 26 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 10, 2026Bauer Brett A.Treasurer and CFOSale500$87.89$43.9KForm 4
Feb 13, 2026BIRMINGHAM MELODYDirectorBuy51$69.14$3.5KForm 4
Dec 15, 2025Buhr Jeffrey LExecutive Vice PresidentSale1,175$66.14$77.7KForm 4
Dec 10, 2025GRIFFITH JOHN BExec VP / Secy 1st Source BankSale1,900$66.01$125.4KForm 4
Nov 14, 2025BIRMINGHAM MELODYDirectorBuy57$61.71$3.5KForm 4
Aug 15, 2025BIRMINGHAM MELODYDirectorBuy54$61.31$3.3KForm 4
May 15, 2025BIRMINGHAM MELODYDirectorBuy53$62.42$3.3KForm 4
Feb 14, 2025BIRMINGHAM MELODYDirectorBuy47$66.41$3.1KForm 4
Nov 15, 2024BIRMINGHAM MELODYDirectorBuy46$66.53$3.1KForm 4
Aug 15, 2024BIRMINGHAM MELODYDirectorBuy52$57.02$3.0KForm 4
Aug 2, 2024Buhr Jeffrey LExecutive Vice PresidentSale1,000$59.83$59.8KForm 4
Jun 6, 2024Buhr Jeffrey LExecutive Vice PresidentSale1,925$50.84$97.9KForm 4
May 29, 2024FITZPATRICK DANIEL BDirectorBuy1,000$49.65$49.6KForm 4
May 15, 2024BIRMINGHAM MELODYDirectorBuy53$52.43$2.8KForm 4
Mar 5, 2024Buhr Jeffrey LExecutive Vice PresidentSale761$51.52$39.2KForm 4
Feb 15, 2024BIRMINGHAM MELODYDirectorBuy56$49.50$2.8KForm 4
Nov 15, 2023BIRMINGHAM MELODYDirectorBuy58$47.21$2.8KForm 4
Aug 11, 2023BIRMINGHAM MELODYDirectorBuy53$48.21$2.6KForm 4
May 12, 2023BIRMINGHAM MELODYDirectorBuy48$40.98$2.0KForm 4
May 3, 2023FITZPATRICK DANIEL BDirectorBuy1,000$40.74$40.7KForm 4

All 32 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Oliver Cromwell Carmichael Iii.SCHEDULE 13G/A, 2 filings Mar 12, 2025 to Jul 6, 202662
  • VANGUARD GROUP INCSCHEDULE 13G/A, 4 filings Jul 29, 2025 to Mar 25, 202663
  • BlackRockSC 13G/A, 2 filings Oct 22, 2024 to Nov 12, 202464
  • DIMENSIONAL FUND ADVISORS LPSC 13G/A, 3 filings Feb 8, 2022 to Feb 9, 202465
  • Stanley Clark CarmichaelSC 13G/A, 1 filing Feb 9, 202266

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Christopher J. Murphy III$855.4K$3.0M67
2025Andrea G. Short$526.3K$2.2M67
2025Kevin C. Murphy$396.5K$1.7M67
2025Brett A. Bauer$331.9K$1.1M67
2025Jeffrey L. Buhr$411.2K$952.7K67
2024Executive Chairman1st Source Corporation$836.5K$2.0M67
2024President and Chief Executive Officer,$498.5K$1.1M67
2024Executive VicePresident and Chief Credit$391.2K$790.2K67
2024Executive Vice PresidentTreasurer and Chief$305.4K$638.0K67
2023and 1st Source Bank$821.5K$2.8M67
20231st Source Corporation and$465.4K$1.3M67
2023Officer1st Source Bank$372.1K$943.1K67
2023Financial Officer1st Source Corporation$287.1K$686.4K67

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
1st Source Bank5,110,889$416.9M18.9%−68,302
BlackRock, Inc.2,039,169$166.4M0.0%+75,567
Dimensional Fund Advisors LP1,466,907$119.7M0.0%+847
Vanguard Capital Management LLC733,086$59.8M0.0%−40,235
State Street Corp693,773$56.6M0.0%+74,608
American Trust655,083$53.4M4.1%New
Charles Schwab Investment Management Inc612,299$50.0M0.0%+49,871
American Century Companies Inc547,423$44.7M0.0%+83,323
Geode Capital Management, LLC524,714$42.8M0.0%+11,008
Jupiter Topco LLC481,186$39.3M0.0%New
Boston Trust Walden Corp386,741$31.6M0.2%+62,664
Vanguard Portfolio Management LLC344,613$28.1M0.0%−12,707
Kennedy Capital Management LLC304,837$24.9M0.4%−8,904
Victory Capital Management Inc262,553$21.4M0.0%+254,879
Alliancebernstein L.P.305,370$21.1M0.0%−65,662
Manufacturers Life Insurance Company, The236,806$19.3M0.0%−7,765
Bridgeway Capital Management, LLC218,409$17.8M0.3%+4,341
Northern Trust Corp189,584$15.5M0.0%+5,697
Arrowstreet Capital, Limited Partnership166,607$13.6M0.0%+63,822
Hotchkis & Wiley Capital Management LLC145,389$11.9M0.0%−3,490
UBS Group AG138,667$11.3M0.0%−5,129
Aqr Capital Management LLC133,526$10.9M0.0%+41,992
Goldman Sachs Group Inc127,717$10.4M0.0%−45,983
Vanguard Fiduciary Trust Co117,691$9.6M0.0%+475
Empowered Funds, LLC112,609$9.2M0.0%+3,612

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How 1ST SOURCE CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAR1ST SOURCE CORP1
  • CIK0000034782
  • Employer ID (EIN)35-10681333
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inIndiana3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address100 North Michigan Street, South Bend, IN 466011
  • Mailing addressP O Box 1602, P O Box 1602, South Bend, IN 466341
  • Phone57423527021
  • Shares outstanding24,081,826 as of Jul 17, 202610
  • Public float$1.2B as of Jun 30, 20253
  • AuditorForvis Mazars, LLP, Fort Wayne, Indiana PCAOB ID 686; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceMay 11, 19951
  • Filings1,373 in all: 4 (672), 8-K (235), 10-Q (95), 5 (85), 11-K (33), DEF 14A (31), SC 13G/A (30), 10-K (29)1
    All 41 form types

    3 (29), ARS (17), S-8 (17), 4/A (15), S-8 POS (10), 10-Q/A (8), DEFA14A (6), 3/A (5), SCHEDULE 13G/A (5), UPLOAD (5), 8-K/A (4), SC 13G (4), 5/A (3), CORRESP (3), EFFECT (3), S-3 (3), S-3/A (3), 10-C (2), 10-K405 (2), 424B3 (2), 8-A12G (2), PRE 14A (2), SC 13D (2), SCHEDULE 13G (2), 10-K/A (1), 13F-HR (1), 13F-HR/A (1), 15-12G (1), 25-NSE (1), 424B4 (1), S-4 (1), S-4/A (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 17, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) Mar 13, 2026
    Latest 8-K (8-K) Aug 5, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock — without par valueSRCEThe NASDAQ Stock Market LLC

From the cover page of the 10-K filed Feb 17, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks 1ST SOURCE CORP names in Item 1A of its 10-K filed Feb 17, 2026: 6 risks under these headings, as written.3

  • Credit Risks
  • Market Risks
  • Liquidity/Capital Risks
  • Strategic/Operational Risks
  • Legal/Compliance Risks
  • Reputational Risks

Legal proceedings

1st Source and its subsidiaries are involved in various legal proceedings that are inherent risks of, or incidental to, the conduct of our businesses. Management does not expect the outcome of any such proceedings will have a material adverse effect on our consolidated financial position or results of operations.

The opening of Item 3, Legal Proceedings.3

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