1st Source (SRCE)

Company Profile

founded in 1863 in south bend, indiana, 1st source has offered clients a convenient and friendly way to bank for over 150 years. at 1st source, we’ll listen to you, understand your needs and always keep your best interests in mind. we are a top rated bank and have been recognized for our integrity and the exceptional services we provide to our clients. global and national recognition: 5 star “superior” rating from bauerfinancial – highest rating possible. based on capital ratio, profitability/loss trend, credit quality and cra ratings named to bank honor roll of superior performers by kbw, inc., 2012 - 2015 bank performance scorecard by bank director magazine - #8 of 93 banks on 2014 list, based on profitability, capital strength and credit quality bank director magazine nifty fifty, #43 on 2014 list of best users of capital based on profitability and capital strength top 15th percentile of community banks by seifried & brew the bank remains the largest locally controlled fi

Company profile

Ticker

SRCE

Exchange

NASDAQ

Website

1stsource.com

CEO

Christopher J. Murphy

Incorporated

Indiana

Location

Indiana

Fiscal year end

Dec 31

Sector

Finance and Insurance > Monetary Authorities-Central Bank

Industry (SIC)

State Commercial Banks

Ally Financial • International Business Machines • Phillips 66 • Hilton Worldwide • Associated Banc-Corp • Commerce Bancshares • Arch Capital • First Citizens BancShares • Prosperity Bancshares • Hancock Whitney ...

SEC CIK

0000034782

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

IRS number

351068133

SRCE stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

View all

8-K

Regulation FD Disclosure

25 Jul 24

Increased Cash Dividend Declared

25 Jul 24

8-K

Regulation FD Disclosure

6 May 24

8-K

1st Source Corporation Announces the Promotion of Andrea Short to President

1 May 24

8-K

Submission of Matters to a Vote of Security Holders

25 Apr 24

Cash Dividend Declared

25 Apr 24

DEFA14A

Additional proxy soliciting materials

11 Apr 24

ARS

2023 FY

Annual report to shareholders

15 Mar 24

Latest ownership filings

View all

JOHN F AFFLECK-GRAVES

Annual report of employee stock purchases

20 Jun 24

Jeffrey L Buhr

7 Jun 24

Financial summary

Financial statements Chart SRCE financial data

Quarter (USD)	Jun 24	Mar 24	Dec 23	Sep 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from 1st Source earnings reports.

Institutional ownership, Q2 2024

SRCE institutional ownership history Ownership history

72.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	151	56	+169.6%
Opened positions	100	37	+170.3%
Closed positions	5	3	+66.7%
Increased positions	16	4	+300.0%
Reduced positions	15	7	+114.3%

13F shares	Current	Prev Q	Change
Total value	941.74 bn	75.26 bn	+1151.3%
Total shares	17.77 mm	1.50 mm	+1084.4%
Total puts	900.00	0.00	NEW
Total calls	9.90 k	0.00	NEW
Total put/call ratio	0.1	–	–

Largest owners	Shares	Value	Change
1ST Source Bank	6.26 mm	$335.77 bn	NEW
BLK BlackRock	1.60 mm	$85.55 bn	NEW
Dimensional Fund Advisors	1.59 mm	$85.17 bn	NEW
Vanguard	872.77 k	$46.80 bn	NEW
Wellington Management	842.10 k	$45.15 bn	NEW
Charles Schwab Investment Management	584.50 k	$31.34 bn	NEW
STT State Street	557.96 k	$29.92 bn	NEW
Alliancebernstein	555.29 k	$29.77 bn	NEW
Boston Trust Walden	436.09 k	$23.38 bn	-0.1%
Geode Capital Management	429.66 k	$23.04 bn	NEW

Largest transactions	Shares	Bought/sold	Change
1ST Source Bank	6.26 mm	+6.26 mm	NEW
BLK BlackRock	1.60 mm	+1.60 mm	NEW
Dimensional Fund Advisors	1.59 mm	+1.59 mm	NEW
Vanguard	872.77 k	+872.77 k	NEW
Wellington Management	842.10 k	+842.10 k	NEW
Charles Schwab Investment Management	584.50 k	+584.50 k	NEW
STT State Street	557.96 k	+557.96 k	NEW
Alliancebernstein	555.29 k	+555.29 k	NEW
Geode Capital Management	429.66 k	+429.66 k	NEW
Manufacturers Life Insurance Company, The	269.45 k	+269.45 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SRCE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
2 Aug 24	Jeffrey L Buhr	Common Stock	Sell	Dispose S	No	No	59.83	1,000	59.83 k	67,327
1 Aug 24	Ozark Timothy K	Common Stock	Grant	Acquire A	No	No	64.41	248	15.97 k	47,141
1 Aug 24	Graham Tracy D	Common Stock	Grant	Acquire A	No	No	64.41	131	8.44 k	11,275
1 Aug 24	Isaac P. Torres	Common Stock	Grant	Acquire A	No	No	64.41	294	18.94 k	7,926
1 Aug 24	Weybright Ronda Shrewsbury	Common Stock	Grant	Acquire A	No	No	64.41	209	13.46 k	9,903

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Higher Fee Income to Aid BNY Mellon's Q3 Earnings, Subdued NIR to Hurt

8 Oct 24

The Bank of New York Mellon Corporation (NYSE: BK) is scheduled to report third-quarter 2024 results on Oct. 11, before market open. The company's revenues and earnings are expected to have increased on a year-over-year basis.

Here's Why Commerce Bancshares Stock is a Must Buy Now

22 Aug 24

Commerce Bancshares, Inc. (NASDAQ: CBSH) is well-positioned for growth, given the decent loan demand, high interest rates and its balance sheet repositioning strategy. Moreover, solid liquidity and non-interest income growth will further support its financials.

Here's Why Old National Stock is Worth Buying Right Now

8 Aug 24

Old National Bancorp (NASDAQ: ONB) is well-positioned on strong loan growth, high interest rates and strategic initiatives. Moreover, solid liquidity and efforts to improve fee income are likely to support its financials.

Keefe, Bruyette & Woods Reiterates Market Perform on 1st Source, Raises Price Target to $62

29 Jul 24

Piper Sandler Downgrades 1st Source to Neutral, Raises Price Target to $67.5

29 Jul 24