88.29
+1.55%
Close of 9 Nov 2026, in USD
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About 1st Source
From its filings with the US Securities and Exchange Commission
1st Source is based in South Bend, Indiana and is incorporated in Indiana. Its shares trade on Nasdaq under the ticker SRCE. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $158.3m. At that date it held total assets of $9.06bn and shareholders' equity of $1.27bn.
1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank holding company headquartered in South Bend, Indiana that provides, through its subsidiaries (collectively referred to as “1st Source”, the “Company”, “we”, and “our”), a broad array of financial products and services. 1st Source Bank (“Bank”), its wholly-owned banking subsidiary, offers commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients (through 1st Source Insurance, Inc.) from most of our 78 banking center locations in 19 counties in Indiana and Michigan and Sarasota County in Florida. 1st Source Bank’s Specialty Finance Group, with 15 locations nationwide, offers specialized financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types (cars, trucks, vans) for fleet purposes. While our Specialty Finance lending portfolio is concentrated in certain equipment types, we serve a diverse client base. We are not dependent upon any single industry or client. At December 31, 2025, we had consolidated total assets of $9.06 billion, total loans and leases of $7.05 billion, total deposits of $7.23 billion, and total shareholders’ equity of $1.27 billion.
Quoted from its 10-K, filed 17 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 12 Aug 1983
- Employees
- 1,190
- Website
- 1stsource.com ↗
- Head office
- 100 NORTH MICHIGAN STREET, SOUTH BEND, IN, 46601
- Incorporated in
- IN
- Classification
- State Commercial Banks
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Christopher MurphyExecutive Chairman of the Board, since 2025$2.0m
- Ms. Andrea ShortPresident, Chief Executive Officer, Director, since 2013$1.1m
- Mr. Brett BauerChief Financial Officer, Executive Vice President, Chief Accounting Officer, Treasurer$638,020
- Mr. John GriffithExecutive Vice President, Chief Risk Officer of 1st Source Corporation and 1st Source Bank, since 2025$791,993
- Mr. Jeffrey BuhrExecutive Vice President and Chief Credit Officer - 1st Source Bank, since 2014$790,218
- Mr. Kevin MurphyExecutive Vice President, Chief Digital Officer
- Mr. Brian DubaGeneral Counsel, Secretary of 1st Source Corporation and 1st Source Bank
- Mr. Mark SchwaberoLead Independent Director$128,620
- Mr. Christopher MurphyDirector$123,120
- Dr. John Affleck-GravesIndependent Director$127,620
- Ms. Melody BirminghamIndependent Director$152,620
- Mr. Daniel FitzpatrickIndependent Director$165,620
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 43
- Environment
- 51
- Social
- 40
- Governance
- 38
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- 1st Source Corp possesses several strengths that contribute to its competitive advantage:
Weaknesses
- Despite its strengths, 1st Source Corp has a few weaknesses that can hinder its growth:
Opportunities
- Various opportunities exist for 1st Source Corp to capitalize on:
Threats
- 1st Source Corp faces several threats that could potentially impact its performance:
Sources and methodology
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- Chart on the Overview
- TradingView
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