1ST SOURCE CORP
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
SRCE$87.85-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flow
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31 (Dollars in thousands) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Operating activities: | |||
| Net income | $158,259 | $132,618 | $124,934 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Provision for credit losses | 12,562 | 12,466 | 5,866 |
| Depreciation of premises and equipment | 5,069 | 4,457 | 4,452 |
| Depreciation of equipment owned and leased to others | 2,415 | 4,073 | 7,093 |
| Stock-based compensation | 6,198 | 5,655 | 4,891 |
| Net (accretion) amortization of investment securities available-for-sale | (3,117) | 1,709 | 3,939 |
| Amortization of mortgage servicing rights | 767 | 781 | 845 |
| Amortization of right of use assets | 3,014 | 3,050 | 3,073 |
| Deferred income taxes | (5,404) | 2,432 | (9,462) |
| Losses on investment securities available-for-sale | 8,679 | 3,889 | 2,926 |
| Originations of loans held for sale, net of principal collected | (73,117) | (62,002) | (43,665) |
| Proceeds from the sales of loans held for sale | 72,531 | 61,781 | 47,060 |
| Net gains on sale of loans held for sale | (1,711) | (906) | (923) |
| Net gains on sale of other real estate and repossessions | (229) | (214) | (123) |
| Change in interest receivable | (2,749) | (2,558) | (5,485) |
| Change in interest payable | (11,756) | 6,974 | 23,521 |
| Change in other assets | 1,908 | (4,164) | 4,089 |
| Change in other liabilities | 51,020 | 23,627 | 17,864 |
| Other | (1,222) | 185 | (2,959) |
| Net change in operating activities | 223,117 | 193,853 | 187,936 |
| Investing activities: | |||
| Proceeds from sales of investment securities available-for-sale | 254,500 | 62,616 | 102,437 |
| Proceeds from maturities and paydowns of investment securities available-for-sale | 382,291 | 368,190 | 145,006 |
| Purchases of investment securities available-for-sale | (560,098) | (324,731) | (47,494) |
| Net change in partnership investments | (24,544) | (34,404) | (51,121) |
| Net change in other investments | 1,715 | 1,220 | 218 |
| Loans sold or participated to others | 64,528 | 119,678 | 49,603 |
| Proceeds from principal payments on direct finance leases | 79,451 | 68,806 | 71,044 |
| Net change in loans and leases | (349,945) | (534,763) | (628,268) |
| Net change in equipment owned under operating leases | 2,104 | 4,810 | 4,241 |
| Purchases of premises and equipment | (10,082) | (12,367) | (5,980) |
| Proceeds from disposal of premises and equipment | 254 | 613 | 142 |
| Proceeds from sales of other real estate and repossessions | 5,606 | 3,727 | 1,886 |
| Net change in investing activities | (154,220) | (276,605) | (358,286) |
| Financing activities: | |||
| Net change in demand deposits and savings accounts | 198,665 | 140,415 | (487,911) |
| Net change in time deposits | (203,125) | 51,039 | 598,227 |
| Net change in short-term borrowings | (10,577) | (63,161) | 96,830 |
| Payments on long-term debt | (2,347) | (12,630) | (3,450) |
| Stock issued under stock purchase plans | 133 | 153 | 78 |
| Acquisition of treasury stock | (13,870) | (178) | (12,469) |
| Net (distributions to) contributions from noncontrolling interests | (4,315) | (2,332) | 18,990 |
| Cash dividends paid on common stock | (38,430) | (35,396) | (33,074) |
| Net change in financing activities | (73,866) | 77,910 | 177,221 |
| Net change in cash and cash equivalents | (4,969) | (4,842) | 6,871 |
| Cash and cash equivalents, beginning of year | 124,826 | 129,668 | 122,797 |
| Cash and cash equivalents, end of year | $119,857 | $124,826 | $129,668 |
| Supplemental Information: | |||
| Non-cash transactions: | |||
| Loans transferred to other real estate and repossessions | $5,077 | $3,452 | $2,038 |
| Common stock matching contribution to Employee Stock Ownership and Profit Sharing Plan | 1,227 | 1,153 | 1,753 |
| Right of use assets obtained in exchange for lease obligation | 2,107 | 2,723 | 3,852 |
| Liquidation of noncontrolling interests | 22,986 | 5,920 | — |
| Purchases of mandatorily redeemable securities with common stock held in treasury | 102 | 739 | — |
| Issuance of long-term debt for intangible asset acquisition | 258 | — | — |
| Cash paid (received) for: | |||
| Interest | $177,976 | $176,227 | $114,739 |
| Income taxes | (6,685) | 11,281 | 17,799 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.