Tearsheet

1st Source (SRCE)

Market Price (3/7/2026): $67.48 | Market Cap: $1.6 Bil
Sector: Financials | Industry: Regional Banks

1st Source (SRCE)

Market Price (3/7/2026): $67.48
Market Cap: $1.6 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 13%	Weak multi-year price returns 3Y Excs Rtn is -23%	Key risks SRCE key risks include [1] elevated credit risk due to its significant concentration in commercial and commercial real estate loans.
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
3	Low stock price volatility Vol 12M is 25%
4	Capital ratio is >2x the minimum of 6% Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%
5	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 13%
1	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -40%
2	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 51%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 49%
3	Low stock price volatility Vol 12M is 25%
4	Capital ratio is >2x the minimum of 6% Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15%
5	Megatrend and thematic drivers Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology.
6	Weak multi-year price returns 3Y Excs Rtn is -23%
7	Key risks SRCE key risks include [1] elevated credit risk due to its significant concentration in commercial and commercial real estate loans.

Valuation, Metrics & Events

	3/7/26	2025	2024	2023	2022
Share Price CYE	$67.48	$62.49	$58.38	$54.95	$53.09
Market Cap CYE ($ Bil)	1.6	1.5	1.4	1.3	1.3
Total Debt ($ Bil)	0.2	0.2	0.3	0.3	0.2
Total Cash ($ Bil)	0.1	0.1	0.1	0.1	0.1
Enterprise Value ($ Bil)	1.8	1.7	1.7	1.6	1.5
Valuation Ratios
P/S TTM	3.8	3.5	3.7	3.6	3.7
P/EBIT TTM	-	-	-	-	-
P/E TTM	10.4	9.6	10.8	10.7	10.9
P/FCF TTM	7.7	7.2	7.9	7.4	7.6
Sector Ratios
P/S TTM (Sector)	3.1	3.1	3.1	2.8	2.8
P/EBIT TTM (Sector)	7.2	7.7	8.3	7.2	7.6
P/E TTM (Sector)	11.1	11.2	11.6	9.8	9.6
P/FCF TTM (Sector)	8.6	8.8	8.7	7.5	6.4

	3/7/26	2025	2024
Share Price CYE	$67.48	$62.49	$58.38
Market Cap CYE ($ Bil)	1.6	1.5	1.4
Total Debt ($ Bil)	0.2	0.2	0.3
Total Cash ($ Bil)	0.1	0.1	0.1
Enterprise Value ($ Bil)	1.8	1.7	1.7
Valuation Ratios
P/S TTM	3.8	3.5	3.7
P/EBIT TTM	-	-	-
P/E TTM	10.4	9.6	10.8
P/FCF TTM	7.7	7.2	7.9
Sector Ratios
P/S TTM (Sector)	3.1	3.1	3.1
P/EBIT TTM (Sector)	7.2	7.7	8.3
P/E TTM (Sector)	11.1	11.2	11.6
P/FCF TTM (Sector)	8.6	8.8	8.7

	SRCE	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	0.4
Rev Chg Q	13.3%	7.1%
Rev Chg LTM	12.1%	6.6%
Rev Chg 3Y Avg	7.0%	5.7%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	�
CFO LTM ($ Bil)	0.2
Net Inc LTM ($ Bil)	0.2
CFO/Rev LTM	51.4%	20.6%
Net Inc Mgn	36.5%	12.8%
VALUATION	LOW
P/S	3.8	3.3
P/CFO	7.4	16.0
P/FCF	7.7	20.8
P/E	10.4	24.7

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Metric	Value	Date	Source
Number of banking centers	78	8152025	Link
Assets under management	approximately $5.9 billion	8152025	Link
Number of 1st Source Bank Specialty Finance Group locations	18	3062025	Link
Number of Trust and Wealth Advisory Services locations	9	3062025	Link
Number of 1st Source Insurance offices	10	3062025	Link
Number of loan production offices	3	3062025	Link
Annual metric tons of carbon emissions avoided	374749	10312025	Link
Number of Employees	1216	6302025	Link

Upcoming
4/23/2026	Earnings Release	Rev: $111 Mil (E) EPS: $1.64 (E)

Price Chart

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1st Source (SRCE) stock has gained about 10% since 11/30/2025 because of the following key factors:

1. Strong Q4 2025 Earnings Performance Exceeding Expectations.

1st Source Corporation reported record net income of $158.28 million for the full year 2025, a 19.34% increase from 2024. For the fourth quarter of 2025, net income rose by 30.87% to $41.14 million compared to the fourth quarter of 2024, with diluted net income per common share for the quarter increasing by 31.50% to $1.67. This strong performance, with revenue up 13.3% year over year and net interest income and EPS ahead of analyst expectations, highlighted the company's financial health.

2. Consistent Shareholder Returns Through Dividend Growth.

The company announced a cash dividend of $0.40 per common share for the fourth quarter of 2025, an 11.11% increase from the prior year's dividend. This dividend declaration marked 38 consecutive years of dividend growth and the fifth straight year of record net income, reinforcing investor confidence in its stable and shareholder-friendly policies.

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Stock Movement Drivers

Fundamental Drivers

The 8.6% change in SRCE stock from 11/30/2025 to 3/6/2026 was primarily driven by a 3.3% change in the company's Net Income Margin (%).

(LTM values as of)	11302025	3062026	Change
Stock Price ($)	62.08	67.44	8.6%
Change Contribution By:
Total Revenues ($ Mil)	421	434	3.1%
Net Income Margin (%)	35.3%	36.5%	3.3%
P/E Multiple	10.2	10.4	1.6%
Shares Outstanding (Mil)	24	24	0.3%
Cumulative Contribution			8.6%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 3/6/2026

	Return	Correlation
SRCE	8.6%
Market (SPY)	-1.6%	21.1%
Sector (XLF)	-5.2%	47.9%

Fundamental Drivers

The 6.0% change in SRCE stock from 8/31/2025 to 3/6/2026 was primarily driven by a 6.3% change in the company's Total Revenues ($ Mil).

(LTM values as of)	8312025	3062026	Change
Stock Price ($)	63.62	67.44	6.0%
Change Contribution By:
Total Revenues ($ Mil)	408	434	6.3%
Net Income Margin (%)	34.6%	36.5%	5.4%
P/E Multiple	11.1	10.4	-6.0%
Shares Outstanding (Mil)	25	24	0.6%
Cumulative Contribution			6.0%

LTM = Last Twelve Months as of date shown

Market Drivers

8/31/2025 to 3/6/2026

	Return	Correlation
SRCE	6.0%
Market (SPY)	4.5%	25.7%
Sector (XLF)	-6.0%	52.9%

Fundamental Drivers

The 6.6% change in SRCE stock from 2/28/2025 to 3/6/2026 was primarily driven by a 12.1% change in the company's Total Revenues ($ Mil).

(LTM values as of)	2282025	3062026	Change
Stock Price ($)	63.29	67.44	6.6%
Change Contribution By:
Total Revenues ($ Mil)	387	434	12.1%
Net Income Margin (%)	34.3%	36.5%	6.5%
P/E Multiple	11.7	10.4	-11.2%
Shares Outstanding (Mil)	25	24	0.5%
Cumulative Contribution			6.6%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2025 to 3/6/2026

	Return	Correlation
SRCE	6.6%
Market (SPY)	14.2%	52.9%
Sector (XLF)	-2.1%	64.4%

Fundamental Drivers

The 46.4% change in SRCE stock from 2/28/2023 to 3/6/2026 was primarily driven by a 22.3% change in the company's Total Revenues ($ Mil).

(LTM values as of)	2282023	3062026	Change
Stock Price ($)	46.08	67.44	46.4%
Change Contribution By:
Total Revenues ($ Mil)	355	434	22.3%
Net Income Margin (%)	34.0%	36.5%	7.4%
P/E Multiple	9.4	10.4	10.2%
Shares Outstanding (Mil)	25	24	1.1%
Cumulative Contribution			46.4%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2023 to 3/6/2026

	Return	Correlation
SRCE	46.4%
Market (SPY)	76.0%	43.2%
Sector (XLF)	48.0%	62.0%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
SRCE Return	26%	10%	6%	9%	10%	10%	94%
Peers Return	18%	-30%	30%	1%	26%	4%	43%
S&P 500 Return	27%	-19%	24%	23%	16%	-0%	82%
Monthly Win Rates [3]
SRCE Win Rate	67%	33%	50%	42%	67%	67%
Peers Win Rate	33%	47%	58%	44%	75%	57%
S&P 500 Win Rate	75%	42%	67%	75%	67%	33%
Max Drawdowns [4]
SRCE Max Drawdown	-2%	-12%	-23%	-13%	-8%	-0%
Peers Max Drawdown	-8%	-38%	-27%	-17%	-9%	-4%
S&P 500 Max Drawdown	-1%	-25%	-1%	-2%	-15%	-1%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, AGBK, HYNE, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/6/2026 (YTD)

How Low Can It Go

Unique Key	Event	SRCE	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-31.9%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	46.9%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	439 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-47.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	90.4%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	654 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-34.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	52.7%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,402 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-56.1%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	127.6%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,745 days	1,480 days

Compare to NEWT, ATLO, AGBK, HYNE, NU

In The Past

1st Source's stock fell -31.9% during the 2022 Inflation Shock from a high on 11/10/2022. A -31.9% loss requires a 46.9% gain to breakeven.

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About 1st Source (SRCE)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

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Here are 1-2 brief analogies to describe 1st Source (SRCE):

SRCE is like a regional PNC Bank focused on Northern Indiana and Southwestern Michigan, but with an added national specialty in financing trucks, equipment, and aircraft.
SRCE is like a traditional community bank combined with a commercial Ally Financial, specializing in loans for trucks, equipment, and aircraft.

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Commercial Banking: Provides business loans, treasury management, and deposit services for companies.
Consumer Banking: Offers personal banking products such as checking, savings, mortgages, and consumer loans to individuals.
Wealth Management: Delivers investment management, trust, and financial planning services.
Specialty Financing: Engages in lease financing and secured lending for specific assets, primarily aircraft, vehicles, and other equipment.

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1st Source Corporation (SRCE) is a bank holding company, and its principal subsidiary is 1st Source Bank. As a financial institution, it provides a range of banking services.

Based on an analysis of its financial reports, particularly its loan portfolio composition, 1st Source Corporation primarily serves other companies (businesses). Its commercial loan segments (Commercial and Industrial, Commercial Real Estate, and Specialty Finance/Equipment Finance) constitute a significantly larger portion of its overall loan portfolio compared to its consumer and residential mortgage loans.

However, due to the nature of banking and financial services, 1st Source Bank serves a broad and highly diversified customer base. Banks do not typically disclose the names of their specific major customers, particularly public companies, for reasons of client confidentiality, competitive strategy, and the fact that their revenue is not concentrated among a few large clients but rather distributed across numerous small to medium-sized businesses. Therefore, it is not possible to list specific customer company names or their symbols.

Instead, 1st Source Bank caters to a wide array of businesses, including:

Small to medium-sized businesses requiring commercial and industrial loans, lines of credit, and treasury management services.
Companies and investors involved in commercial real estate development and ownership.
Businesses in specific industries such as transportation, construction, and manufacturing, which utilize the bank's specialty equipment financing and leasing services.

These businesses are primarily located within the bank's core market footprint, which includes northern Indiana, southern Michigan, and select regions of Ohio.

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Andrea G. Short, President and Chief Executive Officer, 1st Source Corporation

Andrea G. Short has over 40 years of banking and business experience, including 26 years at 1st Source Corporation and 1st Source Bank. She assumed the role of President and Chief Executive Officer of 1st Source Corporation in 2025, and Chief Executive Officer of 1st Source Bank in 2022. Prior to these appointments, she served as Executive Vice President, Treasurer, and Chief Financial Officer of both 1st Source Corporation and 1st Source Bank since 2013. Short began her career at 1st Source Bank in 1998 as Tax Director, later becoming Vice President and Controller responsible for all finance and accounting functions. Before joining 1st Source, she worked at Crowe LLP (formerly Crowe Horwath) as an Audit Manager and at First of America Bank (now PNC) as a Tax Manager.

Brett A. Bauer, Executive Vice President, Treasurer, and Chief Financial Officer, 1st Source Corporation and 1st Source Bank

Brett A. Bauer serves as the Executive Vice President, Treasurer, and Chief Financial Officer for both 1st Source Corporation and 1st Source Bank. He is responsible for overseeing the finance and accounting functions, business financial analysis, asset and liability management, wholesale and corporate funding, capital management, investor relations, loan review, and risk management. Bauer initially joined 1st Source as a Corporate Trainee in 1999 and became a Trust Investment Analyst in 2000. He spent time working for Bear Stearn Japan LTD in Tokyo from 2002 to 2006 before returning to South Bend.

Christopher J. Murphy III, Executive Chairman of the Board, 1st Source Corporation and 1st Source Bank

Christopher J. Murphy III has over 52 years of banking and business experience, having served as a Director, President, and Chief Executive Officer of 1st Source Corporation and 1st Source Bank for 52 years before becoming Executive Chairman of the Board in 2025. He was named President and CEO of the bank in 1977, CEO of the corporation in 1979, and Chairman in 1998. In 1972, Murphy, along with his father-in-law and other investors, purchased the bank back into community ownership. Under his leadership, the bank grew from just over US$100 million to US$8 billion. Earlier in his career, he worked at Citibank and for the Office of the Comptroller of the Currency, U.S. Department of the Treasury.

Kevin C. Murphy, Executive Vice President, 1st Source Corporation and President, 1st Source Bank

Kevin C. Murphy is the Executive Vice President of 1st Source Corporation and became President of 1st Source Bank in 2025. He has over 25 years of experience in the financial industry. Murphy joined the 1st Source team in 2006 and has held several leadership positions, including Regional President of the Central Region (2017), Chief Information Officer (2019), Group Head of IT, Electronic Banking, Marketing, and Digital Strategy (2020), and Executive Vice President and Chief Digital Officer (2022).

John B. Griffith, Executive Vice President, Chief Risk Officer, 1st Source Corporation and 1st Source Bank

John B. Griffith holds the position of Executive Vice President and Chief Risk Officer for both 1st Source Corporation and 1st Source Bank. No further detailed background information was available in the provided search results.

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The key risks to 1st Source (SRCE) primarily stem from its core banking operations and the broader economic environment.

Credit Risks: As a financial institution, 1st Source is significantly exposed to credit risks associated with its loan and lease portfolios. These risks are particularly elevated with commercial and commercial real estate loans compared to residential real estate and consumer loans, as repayment often depends on the successful operation and management of underlying assets, which can be influenced by market or economic conditions. The company's loan loss provisions and nonperforming assets can rise, highlighting an inherent sensitivity to credit quality, especially in a slower economy.
Interest Rate Risk and Net Interest Margin Pressure: The profitability of 1st Source is heavily influenced by general economic conditions and the monetary policies set by the Federal Reserve. The company faces potential pressure on its net interest margins if funding costs increase faster than anticipated.
Operational Risks, particularly Cybersecurity: In an increasingly digital banking landscape, 1st Source is subject to operational risks, with technology security breaches being a significant concern. While the company implements various measures and engages third parties to test and evaluate its cybersecurity controls, the evolving and sophisticated nature of cyber threats means there is no absolute assurance that cybersecurity incidents will not adversely impact its financial condition or operations.

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The primary clear emerging threat for 1st Source (SRCE) is the rapid rise and increasing adoption of digital-first financial service providers and technologies. This includes:

    Neobanks and Digital Lenders: Companies like Chime, SoFi, Upstart, and Rocket Mortgage offer entirely digital banking experiences, often with lower fees, higher interest rates, and faster loan approvals powered by advanced technology. These entities directly compete with SRCE for consumer deposits, personal loans, mortgages, and small business lending, potentially eroding its traditional customer base and market share, especially among younger, digitally-native demographics.
    Big Tech in Finance: Major technology companies such as Apple, Google, and Amazon are increasingly integrating financial services into their vast ecosystems. They leverage their immense user bases and data to offer payment solutions (e.g., Apple Pay, Google Pay), credit cards (e.g., Apple Card), and lending services (e.g., Amazon lending to sellers). This trend threatens to disintermediate traditional banks like SRCE from direct customer relationships and core financial transactions, shifting customer loyalty towards technology platforms.

These forces represent a fundamental shift in how financial services are delivered and consumed, challenging SRCE's traditional branch-based model and its ability to attract and retain customers in an increasingly digital financial landscape.

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For 1st Source (symbol: SRCE), the addressable market sizes for its main products and services in the United States are as follows:

Commercial Banking: The U.S. commercial banking market size is estimated at USD 732.5 billion in 2025 and is projected to reach USD 915.45 billion by 2030, growing at a CAGR of 4.56% (United States). Another source estimates the market size at USD 1.6 trillion in 2025 (United States).
Auto Loans: The U.S. car loan market is valued at USD 595.19 billion in 2025 and is forecasted to reach USD 898.25 billion by 2030, advancing at a 5.28% CAGR (United States).
Wealth Advisory Services (Wealth Management): The private banking market in the U.S., a component of wealth management, is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030, growing at a CAGR of 9.77% (United States). The broader North American wealth management market accounted for $937.45 billion in 2023.

Market sizes for other products or services, such as general consumer banking (excluding auto loans), home loans, insurance products, or highly specialized financing for construction equipment, aircraft, and fleet vehicles, could not be specifically identified within the provided information.

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Expected Drivers of Future Revenue Growth for 1st Source (SRCE)

Over the next 2-3 years, 1st Source (SRCE) is expected to drive future revenue growth through several key areas:

Growth in Net Interest Income (NII) through Increased Average Loan and Lease Balances: The company has consistently demonstrated growth in its average loan and lease portfolios, which directly contributes to its net interest income. For example, average loans and leases grew by $46.93 million in Q3 2025, a 0.67% increase from the previous quarter, and by 6.20% from Q3 2024. Similarly, Q1 2025 saw average loans and leases grow by 1.84% from the previous quarter and 4.53% year-over-year. This growth is a primary component of the bank's earnings.
Continued Expansion of Net Interest Margin (NIM): 1st Source has achieved a "seventh consecutive quarter of margin expansion" in Q3 2025. This improvement has been attributed to "higher rates on increased average loan and lease balances, and lower short-term borrowing costs". Although forecasts suggest more measured gains ahead, with revenue growth projected at 4.7% per year, the ability to expand profitability through margin management remains a significant driver.
Strategic Expansion of Specialty Finance and Renewable Energy Financing Divisions: 1st Source is actively "expanding its national footprint through specialty finance and renewable energy initiatives". These distinct business segments are critical for diversifying lending and extending the company's market reach beyond its core community banking presence in northern Indiana and southwestern Michigan.
Growth in Fee-Based Services, including Wealth Management: While net interest income forms the foundation of bank earnings, fee-based services provide additional income. 1st Source's Wealth Management division offers financial planning, investment advisory, fiduciary, and custodial services, contributing to a diversified revenue stream.

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Share Repurchases

On October 19, 2023, 1st Source's Board of Directors authorized a stock repurchase plan allowing for the repurchase of up to 1,000,000 shares of its common stock.
From April 1, 2025, to July 24, 2025, the company repurchased 47,428 shares for $2.84 million under the October 2023 plan. As of July 24, 2025, a total of 57,979 shares had been repurchased under this plan.
During 2022, 1st Source repurchased 149,819 shares for treasury, which reduced common shareholders' equity by $6.84 million.

Share Issuance

No significant dollar amount of new share issuances by the company in the primary market were identified in the provided information for the last 3-5 years.

Inbound Investments

No large inbound investments by third-parties, such as strategic partners or private equity firms, were identified in the provided information for the last 3-5 years.

Outbound Investments

1st Source Bank, through its Renewable Energy Financing division, engages in tax equity investments with third parties for commercial solar projects across the United States.
These investments support a range of projects including community solar, commercial and industrial, small utility scale, university, and municipal initiatives.

Capital Expenditures

The provided information does not contain specific dollar values for capital expenditures (purchases of property and equipment) for the last 3-5 years.

Interactive Breakdown

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Better Bets vs. 1st Source (SRCE)

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Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	How Low Can 1st Source Stock Really Go?	10/17/2025
2	Why 1st Source Stock Moved: SRCE Stock Has Gained 47% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues	08/08/2025
3	1st Source (SRCE) Valuation Ratios Comparison	08/08/2025
4	SRCE Dip Buy Analysis	07/10/2025
5	Time To Buy 1st Source Stock?	05/16/2025
6	1st Source (SRCE) Operating Cash Flow Comparison	02/17/2025
7	1st Source (SRCE) Net Income Comparison	02/16/2025

	Title
0	ARTICLES

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JEF_2272026_Dip_Buyer_ValueBuy	02272026	JEF	Jefferies Financial	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
PAYO_2272026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02272026	PAYO	Payoneer Global	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.0%	0.0%	0.0%
FOUR_2272026_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	02272026	FOUR	Shift4 Payments	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.0%	0.0%	0.0%
COIN_2202026_Dip_Buyer_High_CFO_Margins_ExInd_DE	02202026	COIN	Coinbase Global	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	2.6%	2.6%	-6.5%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	2.2	65.9%	127.5%
QURE	uniQure	0.8	34.0%	-40.4%
SLDB	Solid Biosciences	0.6	20.3%	19.7%
IOT	Samsara	20.3	19.5%	-0.3%
SWBI	Smith & Wesson Brands	0.6	18.7%	41.7%
MRVL	Marvell Technology	76.7	18.4%	5.5%
REPL	Replimune	0.7	14.6%	-17.0%
IOVA	Iovance Biotherapeutics	1.9	12.0%	87.9%
AMPX	Amprius Technologies	2.1	9.7%	107.0%
CAPR	Capricor Therapeutics	1.3	8.1%	-3.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AXTI	AXT	1.4	-16.6%	98.0%
INGM	Ingram Micro	5.2	-16.3%	3.4%
BE	Bloom Energy	35.7	-15.5%	55.6%
GAP	Gap	8.7	-14.4%	-9.1%
NUTX	Nutex Health	0.6	-14.3%	-45.2%
LITE	Lumentum	39.7	-14.2%	51.5%
JEF	Jefferies Financial	8.2	-13.5%	-37.7%
MEOH	Methanex	3.9	-12.7%	25.5%
WOLF	Wolfspeed	0.4	-12.5%	-4.8%
RUM	Rumble	1.3	-12.5%	-22.3%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
DAWN	Day One Biopharmaceuticals	2.2	100.0%	127.5%
SOC	Sable Offshore	1.4	74.2%	59.3%
ZD	Ziff Davis	1.7	56.3%	20.4%
AMPX	Amprius Technologies	2.1	52.2%	107.0%
TNGX	Tango Therapeutics	1.9	52.2%	91.3%
BW	Babcock & Wilcox Enterprises	1.3	47.9%	106.6%
IOVA	Iovance Biotherapeutics	1.9	32.9%	87.9%
RCAT	Red Cat	1.5	31.8%	93.7%
VG	Venture Global	30.4	28.8%	83.0%
NMAX	Newsmax	1.0	28.2%	-1.3%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
PSIX	Power Solutions International	1.2	-37.5%	-8.7%
GO	Grocery Outlet	0.6	-33.3%	-34.8%
TPB	Turning Point Brands	1.7	-33.1%	-15.4%
HROW	Harrow	1.4	-32.9%	-25.8%
SES	SES AI	0.4	-31.1%	-37.2%
INDI	Indie Semiconductor	0.5	-29.2%	-26.6%
EU	enCore Energy	0.4	-28.9%	-22.6%
DSGR	Distribution Solutions	1.0	-26.1%	-19.4%
TBPH	Theravance Biopharma	0.7	-25.6%	-27.5%
VSCO	Victoria's Secret	3.8	-25.5%	-13.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
FSLY	Fastly	3.0	142.4%	97.8%
AAOI	Applied Optoelectronics	6.1	139.5%	174.2%
IOVA	Iovance Biotherapeutics	1.9	110.2%	87.9%
DAWN	Day One Biopharmaceuticals	2.2	97.4%	127.5%
ACHC	Acadia Healthcare	2.3	89.1%	80.5%
NKTR	Nektar Therapeutics	1.3	87.8%	67.2%
CRCL	Circle Internet	23.4	85.1%	28.5%
SOC	Sable Offshore	1.4	73.8%	59.3%
AXTI	AXT	1.4	72.6%	98.0%
KOS	Kosmos Energy	1.2	68.0%	183.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
MNKD	MannKind	0.8	-54.8%	-54.0%
EOSE	Eos Energy Enterprises	1.7	-50.6%	-46.5%
GRAL	GRAIL	1.8	-49.2%	-41.3%
FLNC	Fluence Energy	1.9	-49.0%	-25.3%
QURE	uniQure	0.8	-46.5%	-40.4%
CWH	Camping World	0.5	-46.1%	-24.4%
RUN	Sunrun	2.6	-45.3%	-38.4%
NSP	Insperity	0.8	-43.9%	-40.9%
SHLS	Shoals Technologies	1.0	-43.9%	-32.8%
KD	Kyndryl	3.0	-43.6%	-50.3%

Peer Comparisons

Peers to compare with:

Financials

	SRCE	NEWT	ATLO	AGBK	HYNE	NU	Median
Name	1st Sour.	NewtekOne	Ames Nat.	AGI	Hoyne Ba.	Nu
Mkt Price	67.44	12.08	26.64	10.50	14.64	14.58	14.61
Mkt Cap	1.6	0.3	0.2	-	-	70.5	1.0
Rev LTM	434	269	63	-	14	9,600	269
Op Inc LTM	-	-	-	-	-	-	-
FCF LTM	213	-520	19	-	-2	3,666	19
FCF 3Y Avg	192	-229	16	-	-	1,968	104
CFO LTM	223	-519	20	-	-1	4,040	20
CFO 3Y Avg	202	-228	18	-	-	2,188	110

Growth & Margins

	SRCE	NEWT	ATLO	AGBK	HYNE	NU	Median
Name	1st Sour.	NewtekOne	Ames Nat.	AGI	Hoyne Ba.	Nu
Rev Chg LTM	12.1%	21.8%	18.0%	-	-	22.3%	19.9%
Rev Chg 3Y Avg	7.0%	31.6%	0.3%	-	-	62.1%	19.3%
Rev Chg Q	13.3%	20.7%	22.9%	-	37.1%	30.2%	22.9%
QoQ Delta Rev Chg LTM	3.1%	4.7%	5.2%	-	7.8%	7.1%	5.2%
Op Mgn LTM	-	-	-	-	-	-	-
Op Mgn 3Y Avg	-	-	-	-	-	-	-
QoQ Delta Op Mgn LTM	-	-	-	-	-	-	-
CFO/Rev LTM	51.4%	-193.4%	31.5%	-	-10.8%	42.1%	31.5%
CFO/Rev 3Y Avg	50.8%	-91.8%	31.1%	-	-	21.7%	26.4%
FCF/Rev LTM	49.1%	-193.4%	30.8%	-	-15.9%	38.2%	30.8%
FCF/Rev 3Y Avg	48.4%	-91.9%	27.1%	-	-	18.7%	22.9%

Valuation

	SRCE	NEWT	ATLO	AGBK	HYNE	NU	Median
Name	1st Sour.	NewtekOne	Ames Nat.	AGI	Hoyne Ba.	Nu
Mkt Cap	1.6	0.3	0.2	-	-	70.5	1.0
P/S	3.8	1.2	3.8	-	-	7.3	3.8
P/EBIT	-	-	-	-	-	-	-
P/E	10.4	5.2	14.8	-	-	27.9	12.6
P/CFO	7.4	-0.6	12.0	-	-	17.5	9.7
Total Yield	12.0%	19.2%	9.8%	-	-	3.6%	10.9%
Dividend Yield	2.3%	0.0%	3.0%	-	-	0.0%	1.2%
FCF Yield 3Y Avg	13.4%	-76.6%	8.6%	-	-	2.8%	5.7%
D/E	0.1	2.4	0.1	-	-	0.0	0.1
Net D/E	-0.4	1.7	-1.2	-	-	-0.4	-0.4

Returns

	SRCE	NEWT	ATLO	AGBK	HYNE	NU	Median
Name	1st Sour.	NewtekOne	Ames Nat.	AGI	Hoyne Ba.	Nu
1M Rtn	-3.1%	-12.1%	-2.3%	-2.3%	2.7%	-14.3%	-2.7%
3M Rtn	6.5%	8.9%	21.7%	-2.3%	6.1%	-12.7%	6.3%
6M Rtn	6.4%	3.8%	34.5%	-2.3%	4.6%	-1.1%	4.2%
12M Rtn	10.8%	6.6%	51.3%	-2.3%	4.6%	36.9%	8.7%
3Y Rtn	48.0%	-3.4%	28.8%	-2.3%	4.6%	201.9%	16.7%
1M Excs Rtn	-1.0%	-10.0%	-0.2%	-0.3%	4.8%	-12.3%	-0.6%
3M Excs Rtn	6.9%	10.1%	24.0%	-0.7%	6.2%	-14.8%	6.5%
6M Excs Rtn	1.6%	-2.5%	31.2%	-6.0%	0.9%	-5.6%	-0.8%
12M Excs Rtn	-5.8%	-12.8%	35.9%	-17.7%	-10.8%	18.8%	-8.3%
3Y Excs Rtn	-23.5%	-76.2%	-43.5%	-72.9%	-66.0%	129.4%	-54.7%

FDIC Bank Data

Bank Capital

FDIC Data As Of	6302025
CAPITAL
Equity Total Capital ($ Bil)	1
Tier 1 (Core) Capital ($ Bil)	1
ASSETS
Total Assets ($ Bil)	9
Adjusted Average Assets ($ Bil)	9
Risk Weighted Assets Adjusted ($ Bil)	8
LEVERAGE RATIOS
Tier 1 Capital / Total Assets Ratio	13.0%
Tier 1 Capital / Adjusted Avg Assets Ratio	13.2%
Tier 1 Capital / Risk Wtd Assets Ratio	14.7%

Bank Deposits

FDIC Data As Of	9302025
DEPOSITS
Total Deposits ($ Bil)	7
Uninsured Deposits ($ Bil)	4
Uninsured Deposits Ratio %	54.5%

Bank Assets

FDIC Data As Of	9302025
ASSETS
Cash Balance ($ Bil)	0
Securities ($ Bil)	1
Net Loans ($ Bil)	7
Trading Assets ($ Bil)	0
Bank Premises Assets ($ Bil)	0
Other Real Estate Owned ($ Bil)	0
Goodwill & Intangibles ($ Bil)	0
Other Assets ($ Bil)	0
Total Assets (Sum) ($ Bil)	9
Total Assets (Reported) ($ Bil)	9
Risk Weighted Assets ($ Bil)	8
SECURITIES DETAILS
US Govt Securities ($ Bil)	1
Equity Securities Not Held for Trading ($ Bil)	0
Total Debt Securities ($ Bil)	1
Mortgage-Backed Securities ($ Bil)	1
SECURITIES VALUATION
Securities Held to Maturity (Book Value) ($ Bil)	0
Securities Available for Sale (Fair Market) ($ Bil)	1

Bank Loans

FDIC Data As Of	9302025
LOAN DETAILS
All Real Estate Loans ($ Bil)	2
Farm Loans ($ Bil)	0
Commercial and Industrial Loans ($ Bil)	5
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)	0
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)	0
Commercial Real Estate Owner-Occupied ($ Bil)	0
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)	0
Total Net Loans ($ Bil)	7

FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	12/31/2025	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	2/17/2026	2/17/2026	2/18/2025	2/20/2024	2/16/2023	2/17/2022	2/18/2021
Key Financials
Total Revenue	434	434	387	369	355	337	330
Net Income	158	158	133	125	121	119	81
EPS	6.41	6.41	5.36	5.03	4.84	4.70	3.17
Growth Rates
Total Revenue Growth	12.1%	12.1%	4.8%	4.1%	5.3%	2.1%	1.5%
Net Income Growth	19.3%	19.3%	6.2%	3.7%	1.7%	45.6%	-11.4%
Margins
Net Income Margin	36.5%	36.5%	34.3%	33.8%	34.0%	35.2%	24.7%
Cash & Debt
Total Cash	852	852	1,613	1,700	1,860	1,917	1,272
Total Debt	200	200	253	342	162	115	127
Net Debt / (Cash)	-652	-652	-1,360	-1,358	-1,698	-1,803	-1,144
Cash Flows
Net Cash from Operations	223	223	194	188	176	167	154
Free Cash from Operations	213	213	181	182	173	164	152
Returns to Shareholders
Dividends	38	38	35	33	32	31	30
Share Repurchases	14	14	0	12	7	33	6

$ Mil \| FY: 12/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023
Filing Date	2/17/2026	10/23/2025	7/24/2025	4/24/2025	2/18/2025	10/24/2024	7/25/2024	4/25/2024	2/20/2024	10/19/2023	7/20/2023	4/20/2023
Key Financials Quarterly
Total Revenue	111	111	108	104	98	98	97	94	91	94	91	93
Net Income	41	42	37	38	31	35	37	29	28	33	32	31
EPS	1.67	1.71	1.51	1.52	1.27	1.41	1.49	1.19	1.15	1.32	1.30	1.25
Key Financials TTM
Total Revenue TTM	434	421	408	397	387	381	376	370	369	373	370	365
Net Income TTM	158	149	141	141	133	130	128	123	125	128	127	124
Growth Rates Quarterly
Total Revenue Growth	13.3%	13.0%	11.3%	10.6%	7.0%	4.5%	6.6%	1.3%	-3.5%	3.0%	5.8%	12.2%
Net Income Growth	30.9%	21.1%	1.4%	27.4%	10.6%	6.1%	13.4%	-5.4%	-8.5%	0.6%	10.6%	13.6%
Margins Quarterly
Net Income Margin	37.1%	38.2%	34.5%	36.1%	32.1%	35.7%	37.8%	31.3%	31.1%	35.2%	35.5%	33.5%
Cash & Debt
Total Cash	852	1,324	1,310	1,349	1,613	1,663	1,613	1,625	1,700	1,681	1,748	1,780
Total Debt	200	102	152	101	253	200	315	265	342	329	224	335
Net Debt / (Cash)	-652	-1,222	-1,157	-1,248	-1,360	-1,463	-1,298	-1,360	-1,358	-1,352	-1,524	-1,445
Cash Flows Quarterly
FCF from Operations	55	51	45	72	34	68	50	42	44	52	45	47
Cash Flows TTM
FCF from Operations TTM	223	201	219	224	194	204	188	183	188	188	180	181
Returns to Shareholders Quarterly
Dividends	10	10	10	9	9	9	9	9	9	8	8	8
Share Repurchases	4	6	3	0	0	-0	-0	-0	-0	10	1	1
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	-	-	-	-	-	-	-	-	-	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	-	-	-	-	-	-	-	-	-	-

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Commercial Banking	387	369	355	337	330
Total	387	369	355	337	330

Price Behavior

Price Behavior

Market Price	$67.44
Market Cap ($ Bil)	1.6
First Trading Date	09/03/1996
Distance from 52W High	-5.1%
	50 Days	200 Days
DMA Price	$66.68	$62.53
DMA Trend	up	up
Distance from DMA	1.1%	7.9%
	3M	1YR
Volatility	21.7%	24.8%
Downside Capture	32.71	73.13
Upside Capture	77.70	70.89
Correlation (SPY)	18.9%	52.7%

SRCE Betas & Captures as of 2/28/2026

	1M	2M	3M	6M	1Y	3Y
Beta	0.43	0.43	0.36	0.49	0.68	0.81
Up Beta	0.24	1.11	1.22	1.07	0.59	0.79
Down Beta	-0.26	-0.43	-0.33	0.28	0.77	0.80
Up Capture	96%	92%	67%	41%	58%	56%
Bmk +ve Days	9	20	31	70	142	431
Stock +ve Days	14	24	33	61	122	368
Down Capture	40%	38%	21%	42%	82%	95%
Bmk -ve Days	12	21	30	54	109	320
Stock -ve Days	7	17	28	62	128	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SRCE
SRCE	9.6%	24.8%	0.32	-
Sector ETF (XLF)	1.8%	19.4%	-0.03	63.7%
Equity (SPY)	16.4%	19.2%	0.66	52.8%
Gold (GLD)	77.1%	26.1%	2.17	-9.4%
Commodities (DBC)	19.6%	17.1%	0.89	9.0%
Real Estate (VNQ)	3.1%	16.6%	0.01	48.7%
Bitcoin (BTCUSD)	-21.4%	45.5%	-0.39	21.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SRCE
SRCE	11.2%	27.9%	0.39	-
Sector ETF (XLF)	10.5%	18.7%	0.44	62.1%
Equity (SPY)	13.0%	17.0%	0.60	43.0%
Gold (GLD)	24.2%	17.2%	1.14	-1.5%
Commodities (DBC)	11.9%	19.0%	0.51	8.8%
Real Estate (VNQ)	5.0%	18.8%	0.17	43.8%
Bitcoin (BTCUSD)	7.5%	56.8%	0.35	18.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with SRCE
SRCE	10.7%	30.5%	0.40	-
Sector ETF (XLF)	13.4%	22.2%	0.56	72.8%
Equity (SPY)	15.0%	17.9%	0.72	54.4%
Gold (GLD)	15.1%	15.6%	0.80	-7.1%
Commodities (DBC)	9.0%	17.6%	0.43	18.8%
Real Estate (VNQ)	6.1%	20.7%	0.26	50.6%
Bitcoin (BTCUSD)	66.7%	66.8%	1.06	13.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	2132026
Short Interest: Shares Quantity	0.3 Mil
Short Interest: % Change Since 1312026	30.7%
Average Daily Volume	0.1 Mil
Days-to-Cover Short Interest	2.8 days
Basic Shares Quantity	24.4 Mil
Short % of Basic Shares	1.1%

Returns Analyses

	Title
0	How Low Can 1st Source Stock Really Go?

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
1/23/2026	-2.0%	-1.8%	1.3%
10/23/2025	3.6%	1.2%	6.2%
7/24/2025	-1.8%	-3.5%	4.0%
4/24/2025	3.2%	5.3%	6.9%
1/23/2025	-0.0%	9.2%	12.4%
10/24/2024	-3.4%	-0.4%	12.1%
7/25/2024	4.9%	0.2%	-1.4%
4/25/2024	0.4%	-0.7%	-0.8%
...
SUMMARY STATS
# Positive	13	12	16
# Negative	11	12	8
Median Positive	2.6%	5.4%	7.5%
Median Negative	-1.8%	-3.2%	-1.3%
Max Positive	12.1%	16.6%	16.7%
Max Negative	-8.0%	-5.5%	-6.1%

	Forward Returns
1/23/2026	-2.0%	-1.8%	1.3%
10/23/2025	3.6%	1.2%	6.2%
7/24/2025	-1.8%	-3.5%	4.0%
4/24/2025	3.2%	5.3%	6.9%
1/23/2025	-0.0%	9.2%	12.4%
10/24/2024	-3.4%	-0.4%	12.1%
7/25/2024	4.9%	0.2%	-1.4%
4/25/2024	0.4%	-0.7%	-0.8%
1/18/2024	4.8%	5.5%	0.8%
10/19/2023	2.6%	5.1%	16.7%
7/20/2023	-0.6%	3.2%	-1.0%
4/20/2023	-0.5%	-4.1%	-2.2%
1/19/2023	-8.0%	-5.5%	-0.4%
10/20/2022	12.1%	16.6%	15.4%
7/21/2022	2.6%	7.0%	14.3%
4/21/2022	0.6%	-5.0%	-6.1%
1/20/2022	-3.3%	-2.2%	-1.2%
10/21/2021	2.3%	-0.3%	2.2%
7/22/2021	-0.5%	6.1%	9.7%
4/22/2021	-2.2%	2.3%	4.8%
1/21/2021	3.3%	-3.8%	8.1%
10/22/2020	1.6%	-4.5%	9.5%
7/23/2020	-1.2%	-3.0%	-2.4%
4/23/2020	1.3%	16.2%	3.0%
SUMMARY STATS
# Positive	13	12	16
# Negative	11	12	8
Median Positive	2.6%	5.4%	7.5%
Median Negative	-1.8%	-3.2%	-1.3%
Max Positive	12.1%	16.6%	16.7%
Max Negative	-8.0%	-5.5%	-6.1%

SEC Filings

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Report Date	Filing Date	Filing
12/31/2025	02/17/2026	10-K
09/30/2025	10/23/2025	10-Q
06/30/2025	07/24/2025	10-Q
03/31/2025	04/24/2025	10-Q
12/31/2024	02/18/2025	10-K
09/30/2024	10/24/2024	10-Q
06/30/2024	07/25/2024	10-Q
03/31/2024	04/25/2024	10-Q
12/31/2023	02/20/2024	10-K
09/30/2023	10/19/2023	10-Q
06/30/2023	07/20/2023	10-Q
03/31/2023	04/20/2023	10-Q
12/31/2022	02/16/2023	10-K
09/30/2022	10/20/2022	10-Q
06/30/2022	07/21/2022	10-Q
03/31/2022	04/21/2022	10-Q

Insider Activity

Expand for More

#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Buhr, Jeffrey L	Executive Vice President	Direct	Sell	12152025	66.14	1,175	77,714	4,525,960	Form
2	Griffith, John B	Exec VP / Secy 1st Source Bank	Direct	Sell	12112025	66.01	1,900	125,419	4,355,076	Form

SRCE Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Threshold	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

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Diversification Alternatives

How Is The Market Pricing SRCE?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What SRCE Makes & Who Pays

TTM figures based on

SRCE Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Industry Resources

Financials Resources

Federal Reserve Economic Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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1st Source (SRCE)

Market Price (3/7/2026): $67.48 | Market Cap: $1.6 BilSector: Financials | Industry: Regional Banks

1st Source (SRCE)

Market Price (3/7/2026): $67.48Market Cap: $1.6 BilSector: FinancialsIndustry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About 1st Source (SRCE)

Expected Drivers of Future Revenue Growth for 1st Source (SRCE)

Interactive Breakdown

Better Bets vs. 1st Source (SRCE)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Top Losers

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons

Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

FDA Approved Drugs Data

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

SRCE Trade Sentinel

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CONVICTION RATIONALE

STOCK ARCHETYPE

INVESTMENT THESIS

PRIMARY RISK

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Position Sizing

null

Diversification Alternatives

Repricing Catalyst

Industry Resources

External Quote Links

Market Price (3/7/2026): $67.48 | Market Cap: $1.6 Bil
Sector: Financials | Industry: Regional Banks

Market Price (3/7/2026): $67.48
Market Cap: $1.6 Bil
Sector: Financials
Industry: Regional Banks