1ST SOURCE CORP
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Income
| Year Ended December 31 (Dollars in thousands, except per share amounts) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Interest income: | |||
| Loans and leases | $471,013 | $451,329 | $387,298 |
| Investment securities, taxable | 36,360 | 25,720 | 24,501 |
| Investment securities, tax-exempt | 1,191 | 1,043 | 1,445 |
| Other | 5,830 | 5,925 | 3,663 |
| Total interest income | 514,394 | 484,017 | 416,907 |
| Interest expense: | |||
| Deposits | 155,914 | 166,842 | 123,162 |
| Short-term borrowings | 1,582 | 8,976 | 7,032 |
| Subordinated notes | 4,033 | 4,217 | 4,174 |
| Long-term debt and mandatorily redeemable securities | 4,690 | 3,165 | 3,892 |
| Total interest expense | 166,219 | 183,200 | 138,260 |
| Net interest income | 348,175 | 300,817 | 278,647 |
| Provision for credit losses | 12,562 | 12,466 | 5,866 |
| Net interest income after provision for credit losses | 335,613 | 288,351 | 272,781 |
| Noninterest income: | |||
| Trust and wealth advisory | 27,867 | 26,709 | 23,706 |
| Service charges on deposit accounts | 13,184 | 12,877 | 12,749 |
| Debit card | 17,774 | 17,785 | 17,980 |
| Mortgage banking | 4,103 | 4,210 | 3,471 |
| Insurance commissions | 7,700 | 6,730 | 6,911 |
| Equipment rental | 3,021 | 5,171 | 8,837 |
| Losses on investment securities available-for-sale | (8,679) | (3,889) | (2,926) |
| Other | 20,633 | 16,714 | 19,895 |
| Total noninterest income | 85,603 | 86,307 | 90,623 |
| Noninterest expense: | |||
| Salaries and employee benefits | 129,564 | 121,909 | 115,612 |
| Net occupancy | 12,724 | 11,939 | 11,090 |
| Furniture and equipment | 6,454 | 5,612 | 5,653 |
| Data processing | 29,844 | 27,567 | 25,055 |
| Depreciation — leased equipment | 2,415 | 4,073 | 7,093 |
| Professional fees | 7,115 | 7,098 | 6,705 |
| FDIC and other insurance | 5,793 | 6,142 | 5,926 |
| Business development and marketing | 8,855 | 6,876 | 7,157 |
| Other | 14,075 | 12,385 | 17,433 |
| Total noninterest expense | 216,839 | 203,601 | 201,724 |
| Income before income taxes | 204,377 | 171,057 | 161,680 |
| Income tax expense | 46,118 | 38,439 | 36,746 |
| Net income | 158,259 | 132,618 | 124,934 |
| Net loss (income) attributable to noncontrolling interests | 18 | 5 | (7) |
| Net income available to common shareholders | $158,277 | $132,623 | $124,927 |
| Basic net income per common share | $6.41 | $5.36 | $5.03 |
| Diluted net income per common share | $6.41 | $5.36 | $5.03 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.