The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.14 as of 2026Q1, providing a buffer against the inherent risks of its $1.5 billion investment securities portfolio.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 5.82B | 1.59B | 1.02B | 1.7B | 1.86B | 1.92B | 1.27B | 1.11B | 1.09B | 977.67M | 909.04M | 856.9M | 855.95M | 910.27M | 964M | 944.41M | 62.31M | 72.87M | 119.77M | 153.14M | 118.13M | 124.82M | 78.25M | 109.79M | 120.89M | 129.43M | 118.12M | 101.9M | 132.5M | 92.6M | 138.2M |
| Cash & Due from Banks | 67.67M | 69.25M | 76.84M | 77.47M | 84.7M | 54.42M | 74.19M | 67.22M | 94.91M | 73.64M | 58.58M | 65.17M | 64.83M | 77.57M | 83.23M | 61.41M | 62.31M | 72.87M | 119.77M | 153.14M | 118.13M | 124.82M | 78.25M | 109.79M | 120.89M | 129.43M | 118.12M | 101.9M | 132.5M | 92.6M | 138.2M |
| Short Term Investments | 1.53B | 1.52B | 944.69M | 1.62B | 1.78B | 1.86B | 1.2B | 1.04B | 990.13M | 904.03M | 850.47M | 791.73M | 791.12M | 832.7M | 880.76M | 883M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.53B | 1.52B | 8.26B | 8.02B | 7.68B | 7.12B | 6.59B | 6.06B | 5.76B | 5.38B | 4.99B | 4.73B | 4.43B | 4.33B | 4.16B | 3.94B | 4.01B | 3.95B | 3.96B | 3.95B | 3.4B | 3.1B | 3.06B | 2.98B | 2.91B | 3.12B | 2.83B | 2.57B | 2.38B | 2.18B | 1.85B |
| Investments Growth % | -161.31% | -81.57% | 3.02% | 4.48% | 7.78% | 8.13% | 8.62% | 5.18% | 7.23% | 7.77% | 5.46% | 6.8% | 2.36% | 4.05% | 5.48% | -1.6% | 1.33% | -0.19% | 0.41% | 15.96% | 9.6% | 1.39% | 2.59% | 2.42% | -6.53% | 10.28% | 10.01% | 7.86% | 9.49% | 17.7% | 13.56% |
| Long-Term Investments | 14.06B | 0 | 7.32B | 6.4B | 5.9B | 5.26B | 5.39B | 5.02B | 4.77B | 4.47B | 4.14B | 3.94B | 3.64B | 3.49B | 3.28B | 3.06B | 4.01B | 3.95B | 3.96B | 3.95B | 3.4B | 3.1B | 3.06B | 2.98B | 2.91B | 3.12B | 2.83B | 2.57B | 2.38B | 2.18B | 1.85B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 83.89M | 83.9M | 83.92M | 83.91M | 83.93M | 83.95M | 83.97M | 84M | 83.74M | 84.1M | 84.68M | 85.37M | 86.34M | 87.5M | 87.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 83.89M | 83.9M | 83.9M | 83.87M | 83.87M | 83.87M | 83.87M | 83.86M | 83.68M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 2K | 21K | 40K | 60K | 82K | 104K | 133K | 62K | 84.1M | 84.68M | 85.37M | 86.34M | 87.5M | 87.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 57.97M | 65.28M | 64.94M | 66.53M | 76.47M | 95.47M | 114.41M | 163.9M | 186.58M | 194.19M | 175.5M | 163.56M | 124.47M | 107.6M | 97.19M | 109.41M | 33.88M | 134.91M | 123.55M | 127.01M | 113.64M | 95.96M | 84.57M | 108.74M | 134.79M | 157.68M | 118.47M | 33.7M | 31.2M | 30.8M | 27.8M |
| Other Assets | 0 | -6.96M | 444.27M | 479.97M | 38.09M | 470.77M | 168.86M | 16.15M | 4.17M | 4.4M | 49.73M | 14.55M | 1.56M | 2.68M | 848K | -104.93M | 112.83M | 289.88M | 167.36M | 127.71M | 153.56M | 185.92M | 338.76M | 126.7M | 237.29M | 157.37M | 118.04M | 167.1M | 187.1M | 118.5M | 64.7M |
| Total Current Assets | 1.6B | 1.59B | 1.02B | 1.7B | 2.24B | 2.19B | 1.56B | 1.34B | 1.24B | 1.13B | 1.04B | 986.75M | 980.64M | 1.03B | 1.09B | 1.22B | 202.9M | 72.87M | 119.77M | 153.14M | 118.13M | 124.82M | 78.25M | 109.79M | 120.89M | 129.43M | 118.12M | 101.9M | 132.5M | 92.6M | 138.2M |
| Total Non-Current Assets | 141.87M | 142.21M | 7.91B | 7.03B | 6.1B | 5.91B | 5.76B | 5.29B | 5.05B | 4.75B | 4.45B | 4.2B | 3.85B | 3.69B | 3.46B | 3.15B | 4.24B | 4.47B | 4.34B | 4.29B | 3.69B | 3.39B | 3.49B | 3.22B | 3.29B | 3.43B | 3.06B | 2.77B | 2.6B | 2.33B | 1.94B |
| Total Assets | 9.11B | 9.06B | 8.93B | 8.73B | 8.34B | 8.1B | 7.32B | 6.62B | 6.29B | 5.89B | 5.49B | 5.19B | 4.83B | 4.72B | 4.55B | 4.37B | 4.45B | 4.54B | 4.46B | 4.45B | 3.81B | 3.51B | 3.56B | 3.33B | 3.41B | 3.56B | 3.18B | 2.87B | 2.73B | 2.42B | 2.08B |
| Asset Growth % | 8.75% | 1.38% | 2.34% | 4.66% | 3% | 10.66% | 10.47% | 5.23% | 6.9% | 7.31% | 5.75% | 7.41% | 2.27% | 3.78% | 4.04% | -1.6% | -2.13% | 1.75% | 0.38% | 16.8% | 8.43% | -1.47% | 7.01% | -2.27% | -4.36% | 11.96% | 10.77% | 5.16% | 12.98% | 16.27% | 15.59% |
| Return on Assets (ROA) | 1.77% | 1.76% | 1.5% | 1.46% | 1.47% | 1.54% | 1.17% | 1.42% | 1.35% | 1.2% | 1.08% | 1.15% | 1.22% | 1.19% | 1.11% | 1.09% | 0.92% | 0.57% | 0.75% | 0.74% | 1.07% | 0.95% | 0.72% | 0.57% | 0.29% | 1.14% | 1.24% | 1.28% | 1.22% | 1.18% | 1.2% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 135.79M | 340.71M | 325.05M | 397.39M | 302.94M | 309.44M | 270.91M | 258.32M | 312.69M | 324.47M | 425.01M | 349.37M | 360.82M | 417.16M | 286.22M | 241.87M | 270.5M | 259.56M | 415.7M | 472.54M | 325.5M | 359.73M | 376.65M | 470.1M | 277.56M | 276.41M | 345.45M | 422M | 255.4M | 296.5M | 243.5M |
| Net Debt | 68.12M | 271.47M | 248.21M | 319.92M | 218.24M | 255.02M | 196.72M | 191.11M | 217.78M | 250.84M | 366.44M | 284.2M | 295.98M | 339.59M | 202.99M | 180.46M | 208.18M | 186.69M | 295.93M | 319.4M | 207.37M | 234.91M | 298.39M | 360.31M | 156.66M | 146.98M | 227.33M | 320.1M | 122.9M | 203.9M | 105.3M |
| Long-Term Debt | 0 | 102.09M | 75.85M | 85.03M | 87.41M | 109.42M | 120.27M | 112.43M | 113.34M | 109.88M | 133.07M | 116.14M | 115M | 103.03M | 117.03M | 116.64M | 114.51M | 109.45M | 119.52M | 134.7M | 102.78M | 82.26M | 76.99M | 79.25M | 16.88M | 11.94M | 12.06M | 12.2M | 13.2M | 61.5M | 18.6M |
| Short-Term Debt | 135.79M | 238.62M | 249.2M | 312.36M | 215.53M | 200.03M | 150.64M | 145.89M | 199.34M | 214.59M | 291.94M | 233.23M | 245.82M | 314.13M | 169.19M | 125.23M | 155.99M | 150.11M | 296.18M | 337.83M | 222.72M | 277.47M | 299.66M | 390.85M | 260.68M | 264.47M | 333.39M | 409.8M | 242.2M | 235M | 224.9M |
| Other Liabilities | 7.66B | 4.2B | 195.35M | 223.72M | 17.91M | 20.6M | 20.36M | 17.97M | 16.54M | 18.95M | 0 | 0 | 0 | 14.07M | 12.75M | 10.21M | 0 | 0 | 0 | 74.4M | 64.63M | 60.39M | 53.46M | 58.15M | 52.83M | 52.53M | 58.69M | 39.9M | 39.5M | 34.9M | 30.5M |
| Total Current Liabilities | 135.79M | 126.15M | 7.48B | 7.35B | 7.31B | 7B | 6.25B | 5.64B | 5.4B | 5.04B | 4.68B | 4.43B | 4.1B | 4.02B | 3.86B | 3.72B | 3.84B | 3.86B | 3.89B | 3.81B | 3.27B | 3.02B | 3.11B | 2.88B | 2.97B | 3.15B | 2.8B | 2.54B | 2.42B | 2.13B | 1.86B |
| Total Non-Current Liabilities | 7.66B | 4.31B | 271.2M | 308.75M | 105.32M | 130.01M | 140.63M | 130.4M | 129.89M | 128.82M | 133.07M | 116.14M | 115M | 117.1M | 129.78M | 126.85M | 114.51M | 109.45M | 119.52M | 209.1M | 167.41M | 142.65M | 130.45M | 137.39M | 69.71M | 64.47M | 70.75M | 52.1M | 52.7M | 96.4M | 49.1M |
| Total Liabilities | 7.79B | 7.74B | 7.75B | 7.66B | 7.42B | 7.13B | 6.39B | 5.77B | 5.53B | 5.17B | 4.81B | 4.54B | 4.22B | 4.14B | 3.99B | 3.85B | 3.96B | 3.97B | 4.01B | 4.02B | 3.44B | 3.17B | 3.24B | 3.02B | 3.04B | 3.21B | 2.87B | 2.59B | 2.47B | 2.22B | 1.91B |
| Total Equity | 1.32B | 1.32B | 1.18B | 1.07B | 923.77M | 969.46M | 930.67M | 848.64M | 763.59M | 718.54M | 672.65M | 644.05M | 614.47M | 585.38M | 558.65M | 523.92M | 486.38M | 570.32M | 453.66M | 430.5M | 368.9M | 345.58M | 326.6M | 314.69M | 364.18M | 350.94M | 315.32M | 283.6M | 261.6M | 195M | 171.8M |
| Equity Growth % | 42.46% | 11.56% | 10.6% | 15.64% | -4.71% | 4.17% | 9.67% | 11.14% | 6.27% | 6.82% | 4.44% | 4.81% | 4.97% | 4.78% | 6.63% | 7.72% | -14.72% | 25.71% | 5.38% | 16.7% | 6.75% | 5.81% | 3.78% | -13.59% | 3.77% | 11.3% | 11.19% | 8.41% | 34.15% | 13.5% | 12.58% |
| Equity / Assets (Capital Ratio) | 14.49% | 14.56% | 13.23% | 12.24% | 11.08% | 11.97% | 12.72% | 12.81% | 12.13% | 12.2% | 12.26% | 12.41% | 12.72% | 12.39% | 12.28% | 11.98% | 10.94% | 12.56% | 10.16% | 9.68% | 9.69% | 9.84% | 9.16% | 9.45% | 10.69% | 9.85% | 9.91% | 9.87% | 9.58% | 8.06% | 8.26% |
| Return on Equity (ROE) | 12.39% | 12.66% | 11.79% | 12.54% | 12.73% | 12.48% | 9.15% | 11.41% | 11.12% | 9.78% | 8.78% | 9.14% | 9.68% | 9.61% | 9.17% | 9.54% | 7.81% | 4.98% | 7.55% | 7.64% | 11% | 10.04% | 7.79% | 5.64% | 2.81% | 11.56% | 12.55% | 13.13% | 13.8% | 14.45% | 14.3% |
| Book Value per Share | 54.41 | 54.04 | 48.23 | 43.40 | 37.42 | 38.72 | 36.46 | 33.15 | 29.44 | 27.71 | 25.99 | 24.61 | 23.41 | 21.86 | 20.92 | 19.64 | 18.24 | 21.46 | 16.91 | 16.40 | 14.68 | 12.35 | 12.86 | 12.36 | 14.09 | 13.71 | 11.82 | 11.80 | 9.17 | 6.47 | 5.70 |
| Tangible BV per Share | 54.41 | 50.60 | 44.81 | 39.99 | 34.02 | 35.37 | 33.17 | 29.87 | 26.20 | 24.48 | 22.74 | 21.37 | 20.16 | 18.63 | 17.64 | 16.36 | 18.24 | 21.46 | 16.91 | 16.40 | 14.68 | 12.35 | 12.86 | 12.36 | 14.09 | 13.71 | 11.82 | 11.80 | 9.17 | 6.47 | 5.70 |
| Common Stock | -164.71M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 436.54M | 346.54M | 346.54M | 346.54M | 346.54M | 0 | 350.27M | 342.98M | 0 | 8.34M | 7.58M | 7.58M | 7.58M | 7.58M | 7.58M | 7.23M | 6.9M | 6.3M | 5.7M | 5.7M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 346.54M | 350.28M | 350.27M | 0 | 342.84M | 289.16M | 214M | 214M | 214M | 214M | 214M | 195.2M | 179.9M | 121.5M | 70M | 70M |
| Retained Earnings | 1.05B | 1.02B | 890.94M | 789.84M | 694.86M | 603.79M | 514.18M | 463.27M | 398.98M | 339.96M | 290.82M | 251.81M | 302.24M | 261.63M | 223.72M | 190.26M | 157.88M | 142.41M | 136.88M | 117.37M | 99.57M | 139.6M | 115.83M | 100.53M | 90.9M | 91.59M | 80.88M | 68.3M | 97.9M | 124.4M | 102.4M |
| Accumulated OCI | -40.9M | -34.78M | -87.23M | -106.32M | -147.69M | -9.86M | 18.37M | 5.17M | -10.68M | -3.33M | 1.34M | 6.55M | 9.41M | 6.58M | 19.54M | -328.02M | 10.51M | -345.18M | 5.82M | 2.52M | -260K | -3.24M | -297K | 2.35M | 4.59M | 5.61M | 2.22M | -1.9M | 3.5M | 1.9M | 500K |
| Treasury Stock | 0 | -141.95M | -129.18M | -130.49M | -119.64M | -114.21M | -82.24M | -76.7M | -62.76M | -54.63M | -56.06M | -50.85M | -43.71M | -29.36M | -31.13M | -31.39M | -32.28M | -32.38M | -32.02M | -32.23M | -19.57M | -12.36M | -10.51M | -9.78M | -7.64M | -12.59M | -14.95M | -14.4M | -12.7M | -7M | -6.7M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 104.93M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.75M | 44.75M | 44.8M | 44.8M | 0 | 0 |
Specialized collateral valuation volatility
As reported in financial statements, 1st Source Corporation has grown its total assets from $8.7 billion in 2023Q4 to $9.1 billion by 2026Q1, reflecting a steady expansion strategy that prioritizes niche equipment finance over broad-based, lower-margin commercial lending across its regional footprint.
The consistent asset growth suggests that the bank is successfully leveraging its specialized underwriting expertise to capture market share in non-traditional lending segments. Investors should monitor whether this expansion continues to be funded by core deposits or if the bank begins to rely on more volatile wholesale funding sources as the balance sheet scales.
Based on the provided quarterly data, the equity-to-assets ratio has remained stable between 0.12 and 0.15, indicating that 1st Source Corporation maintains a robust capital buffer that appears sufficient to absorb potential shocks within its specialized equipment finance portfolio without requiring immediate external capital raises.
This capital position suggests a management philosophy that prioritizes long-term solvency over aggressive leverage, which is particularly prudent given the cyclical nature of the bank's niche transportation assets. The stability of this ratio implies that the bank is effectively retaining earnings to support its growth while maintaining a conservative risk profile relative to regional peers.
According to recent SEC filings, the bank maintains a significant investment securities portfolio of approximately $1.5 billion as of 2026Q1, which serves as a critical liquidity buffer against the inherent volatility of its specialized equipment leasing business and potential fluctuations in core deposit levels.
The bank's ability to manage this large securities portfolio alongside its loan book suggests a sophisticated approach to asset-liability management. However, the concentration of these assets warrants further investigation into duration risk, as shifts in the interest rate environment could impact the market value of these holdings and, consequently, the bank's overall liquidity profile.
As indicated by the $36 million provision for credit losses recorded in 2026Q1, the bank's reliance on specialized collateral like aircraft and vocational vehicles introduces a unique risk factor where the secondary market value of these assets directly influences the bank's reported earnings and balance sheet health.
This significant provision suggests that the bank is proactively addressing potential softening in the secondary markets for its specialized equipment. Investors should interpret this as a signal that the bank's credit quality is highly sensitive to national capital expenditure trends, which may deviate significantly from the performance of standard commercial real estate or consumer loan portfolios.
Quick answers to the most common questions about buying SRCE stock.
As of 2025, 1st Source Corporation (SRCE) had total assets of $9.06B including $1.59B in current assets.
1st Source Corporation (SRCE) carries total debt of $340.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
1st Source Corporation (SRCE) has total shareholders' equity (book value) of $1.27B ($54.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
1st Source Corporation (SRCE) reported a current ratio of 12.62x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.