Company Analysis

1st Source Corporation (SRCE)

Nasdaq: SRCE · State Commercial Banks · South Bend, IN · filing with the SEC since 1995
Grade6.4
◀ Past 5.8● Present 7.0▶ Future 6.5

The grade of 1st Source Corporation

Nine metrics read from its own filings, by tense
Headline grade
6.4/10
◀ Past5.840% of the headline
● Present7.035% of the headline
▶ Future6.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.8/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.8/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 78th percentile among 165 sector filers · read for itself

From the record

1st Source Corporation's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.6/10

What has it actually done, year after year?

+11.6% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 37th percentile among 152 sector filers · read for its customers

From the record

1st Source Corporation's 10 filed years say what it did: revenue went from $192 million in fiscal 2016 to $514 million in fiscal 2025, up 11.6% a year; it rose in 7 of 9 years; the deepest fall was 10% from fiscal 2019 to fiscal 2021; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span11.6%bottom 35% of its family
  • the share of years revenue rosebottom 29% of its family
  • the share of filed years with a profittop 44% of its family
  • the deepest fall from a revenue peak9.9%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.4/10

How has it treated the people who own it?

Share count shrank 0.3% a year. 22% of cash flow returned. Insiders: 3 sales, 2 purchases.

weight 33% of this tense · 44th percentile among 157 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, 1st Source Corporation's diluted share count shrank about 0.3% a year, and dividends and buybacks returned about 22% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 3 sales and 2 purchases of their own stock on the open market in the year to 2026-11-04, buying about $7 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowbottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.0/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
7.7/10

Is it financially healthy right now?

ROE 12%: 12¢ of profit per shareholder dollar. Leverage 86%: owes 86¢ per asset dollar.

weight 45% of this tense · 77th percentile among 161 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, 1st Source Corporation earned about 12 cents of profit for every dollar of shareholders' money. Leverage: it owed about 86 cents per dollar of assets, and net share issuance: its share count was unchanged over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 10% of its family
  • return on equitytop 20% of its family
  • the share count against the year beforetop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.4/10

How strong is its position in its industry?

top 26% of 155 in its family; net margin 30.8%.

weight 33% of this tense · 74th percentile among 155 sector filers · read for its customers

From the record

1st Source Corporation's standing among 155 graded names in its industry family: revenue of $514 million in fiscal 2025 ranks in the top 36% by size; a net margin of 30.8% ranks in the top 12%; revenue growth of 20.5% a year over the last 3 filed years ranks in the top 31% (its annual reports).

What it rests on

  • revenue against the family$514Mtop 36% of its family
  • net margin30.8%top 12% of its family
  • three-year revenue growth20.5%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
5.0/10

What are the people in charge doing?

bottom 50% of 150 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 50th percentile among 150 sector filers · read for its shareholders

From the record

1st Source Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Short, Andrea G (President and CEO, as filed), filing under that title since 2026-02-05, 9 months (bottom 6% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 13.3 years (top 7%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 50%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 16 peopletop 50% of its family
  • the median years the people in charge have filed13.3 yearstop 7% of its family
  • the chief executive's years on the record10 monthsbottom 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.8/10

How much room does it have to grow?

top 42% of 142 in its family for room to expand.

weight 33% of this tense · 58th percentile among 142 sector filers · read for itself

From the record

1st Source Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $120 million against no long-term debt tagged leaves 1.3% of its assets as net cash, bottom 24% of its family; cash from operations less capital spending is 41.4% of revenue (top 7%) (its annual report).

What it rests on

  • cash less debt against assets1.3%bottom 24% of its family
  • cash from operations less capital spending against revenue41.4%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
7.8/10

What could actually drive growth from here?

top 22% of 152 in its family for growth drivers.

weight 33% of this tense · 78th percentile among 152 sector filers · read for its customers

From the record

1st Source Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 20.5% a year over the last three filed years against 11.6% over all 10, speeding up (top 17% of its family); the newest year grew 6.3% (top 41%); capital spending grew 61.8% a year (top 7%) (its annual reports). 1st Source Corporation tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+8.9 points a yeartop 17% of its family
  • the newest year's revenue growth6.3%top 41% of its family
  • three-year growth of capital spending61.8%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.0/10

Did its newest year beat what its own record pointed to?

top 41% of 150 in its family for expectations against reality.

weight 33% of this tense · 59th percentile among 150 sector filers · read for its shareholders

From the record

1st Source Corporation's newest year against its own record: revenue of $514 million in fiscal 2025 came in 17.2% below the $621 million its prior three years' pace pointed to (bottom 42% of its family); net income of $158 million against a prior three-year average of $126 million (top 28%); a net margin of 30.8% against 32.8% before (top 36%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-17.2%bottom 42% of its family
  • net income against the prior three years' average+26%top 28% of its family
  • net margin against its prior average-2.0 pointstop 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton SRCE · research, not advice