1ST SOURCE CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data 1ST SOURCE CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	25.9	30.4	31.8
Interest expense	22.1	26.8	43.4	59	37.2	18.1	30.3	138
Interest income							0.35
Pre-tax income	89.1	101	105	120	106	155	157	162	171	204
Income tax	31.3	33.3	22.6	28.1	24.9	36.3	36.3	36.7	38.4	46.1
Net income to minority interests	0	0	0	0.06	0.02	0.02	0.02	0.01	-0.01	-0.02
Net income	57.8	68.1	82.4	92	81.4	119	121	125	133	158
EPS, basic	2.22	2.60	3.16	3.57	3.17	4.70	4.84	5.03	5.36	6.41
EPS, diluted	2.22	2.60	3.16	3.57	3.17	4.70	4.84	5.03	5.36	6.41
Shares, basic (weighted)	25.9	25.9	25.9	25.6	25.5	25	24.7	24.6	24.5	24.5
Shares, diluted (weighted)	25.9	25.9	25.9	25.6	25.5	25	24.7	24.6	24.5	24.5
Dividend per share	0.72	0.76	0.96	1.10	1.13	1.21	1.26	1.30	1.40	1.52

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	108	78	99.1	83.4	243	525	123	130	125	120
Property, plant and equipment	56.7	54.6	52.1	52.2	49.4	47	44.8	46.2	53.5	58.3
Lease right-of-use assets				24.1	23.8	22.1	20.9	21.7	21.1	20.1
Goodwill	83.7	83.7	83.9	83.9	83.9	83.9	83.9	83.9	83.9	83.9
Intangible assets	0.42	0.06	0.13	0.1	0.08	0.06	0.04	0.02	0	0
Total assets	5,486	5,887	6,294	6,623	7,316	8,096	8,339	8,728	8,932	9,055
Short-term debt	292	215	199	146	151	200	216	312	249	239
Total liabilities	4,814	5,169	5,530	5,774	6,386	7,127	7,416	7,660	7,750	7,737
Retained earnings	291	340	399	463	514	604	695	790	891	1,015
Treasury stock	-56.1	-54.6	-62.8	-76.7	-82.2	-114	-120	-130	-129	-142
Shareholders' equity	673	719	762	828	887	916	864	990	1,111	1,275
Minority interests		0	1.51	20.4	43.8	53.2	59.7	78.7	70.4	43.1
Total equity	673	719	764	849	931	969	924	1,068	1,182	1,318
Total liabilities and equity	5,486	5,887	6,294	6,623	7,316	8,096	8,339	8,728	8,932	9,055

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	57.8	68.1	82.4	92	81.5	119	121	125	133	158
Stock-based compensation	2.88	2.96	3.55	2.77	3.29	4.21	3.59	4.89	5.66	6.2
Deferred income tax	2.86	2.77	-0.55	-5.73	-24.2	15.4	-9.46	-9.46	2.43	-5.4
Cash from operations	98.1	140	160	165	154	167	176	188	194	223
Capital expenditures	-8.94	-5.44	-3.06	-8.03	-2.85	-2.89	-2.38	-5.98	-12.4	-10.1
Purchases of investments			-255	-351	-597	-1,146	-327	-47.5	-325	-560
Sales and maturities of investments	218	177	145	317	444	336	206	145	368	382
Cash from investing	-310	-485	-458	-334	-583	-599	-785	-358	-277	-154
Debt issued	20.8	20	0	0	10	0	0
Debt repaid	-6.43	-26.6	-1.74	-2.7	-2.91	-13.5	-25.5	-3.45	-12.6	-2.35
Share buybacks	-8.03	-0.04	-9.27	-15.1	-6.42	-33.1	-6.84	-12.5	-0.18	-13.9
Dividends paid	-19.4	-20.4	-25.7	-29	-29.8	-31.3	-32.1	-33.1	-35.4	-38.4
Cash from financing	240	315	319	154	588	714	207	177	77.9	-73.9
Net change in cash			21	-15.7	160	282	-402	6.87	-4.84	-4.97
Free cash flow	89.1	134	157	157	152	164	173	182	181	213
Interest paid	21.5	25.5	40.4	54	47.1	20.2	26.2	115	176	178
Income taxes paid	19.9	10.6	8.27	5.59	13.5	15.4	23.3	17.8	11.3	-6.69

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $86.09 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	13.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.8%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	19.3%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	9.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	14.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	19.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	9.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	15.1%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	15.1%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	8.3%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	7.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	17.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	7.2%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	7.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	8.6%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	6.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	6.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	14.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	7.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	1.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	2.8%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	85.4%	Total liabilities / total assets.
Tangible book value	$1.31B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	121.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.8%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$7.10	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$8.65	Free cash flow / diluted weighted shares.
Operating cash flow per share	$8.99	Cash from operations / diluted weighted shares.
Book value per share	$54.43	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$54.43	Tangible book value / shares outstanding.
Cash per share	$5.29	(Cash + short-term investments) / shares outstanding.
Payout ratio	23.7%	Dividends paid / net income, when net income is positive.
Dividends / FCF	19.5%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	16.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.07B	Share price x shares outstanding.
Enterprise value	$1.95B	Market cap + total debt - cash - short-term investments.
P/E	12.1x	Market cap / net income. Only when net income is positive.
P/B	1.58x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.58x	Market cap / tangible book value, when positive.
P/FCF	9.96x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	9.58x	Market cap / cash from operations, when positive.
EV/FCF	9.35x	Enterprise value / free cash flow, when both are positive.
FCF yield	10.0%	Free cash flow / market cap.
Earnings yield	8.2%	Net income / market cap (the inverse of P/E).
Dividend yield	2.0%	Dividends paid over the period / market cap.
Shareholder yield	3.6%	(Dividends paid + share buybacks) / market cap.
PEG	1.24x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was 1ST SOURCE CORP profitable in fiscal 2025?

Yes. Net income was $158.3M, a net margin of -.

How much free cash flow did 1ST SOURCE CORP generate in fiscal 2025?

Cash from operations of $223.1M minus capital expenditures of $10.1M left free cash flow of $213.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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