1ST SOURCE CORP (SRCE) FY2025 10-K Annual Report
1ST SOURCE CORP (SRCE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
1ST SOURCE CORP FY2025 10-K Analysis
Business Overview
- • Core business: regional bank holding company offering commercial, consumer, trust, insurance and specialty finance through 93 locations in IN, MI, FL, and 15 Specialty Finance nationwide
- • Emphasized expansion in renewable energy financing for solar projects, focusing on Northeast and Midwest, loan sizes 5-20 MW
- • Regulatory shift in 2025: reduced regulatory intensity under Trump administration, FDIC raised audit thresholds from $500M to $1B assets, easing compliance
- • Workforce stable at approx. 1,190 full-time equivalent employees with significant investment in training—37,900 training modules completed in 2025
- • Noteworthy community engagement: $1 million contribution to 1st Source Bank Foundation and 14,000 volunteer hours in 2025
Management Discussion & Analysis
- • No revenue or profitability data disclosed in MD&A section provided
- • No segment performance details available in the text provided
- • No cash flow, capital allocation, buybacks, dividends, or capex information included
- • Forward-looking statements highlight risks: economic conditions, interest rates, inflation, pandemics, regulation, competition, technology, climate change
- • No specific management guidance or quantitative outlook given in this excerpt
Risk Factors
- • Regulatory risk: Increased allowance for credit losses affected by Economic forecasts amid inflation above policy targets and restrictive interest rates
- • Macroeconomic threat: Exposure to softening labor market and geopolitical uncertainty impacting credit loss estimates using two-year forecast horizon
- • Operational risk: Equipment rental income down 41.58% in 2025 due to reduced leasing volume in medium and heavy duty truck and construction equipment
- • Market disruption risk: Competitive pressure in equipment leasing from shifting customer preferences and pricing affecting portfolio size and income
- • Financial risk: Mandatorily redeemable securities expense rose 364 basis points in 2025 due to higher imputed interest linked to book value per share improvements
1ST SOURCE CORP FY2025 Key Financial MetricsXBRL
Revenue
$514M
▲ +6.3% YoY
Net Income
$158M
▲ +19.3% YoY
Net Margin
30.8%
▲ +337bp YoY
ROE
12.4%
▲ +48bp YoY
Total Assets
$9.1B
▲ +1.4% YoY
EPS (Diluted)
$6.41
▲ +19.6% YoY
Operating Cash Flow
$223M
▲ +15.1% YoY
Source: XBRL data from 1ST SOURCE CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on 1ST SOURCE CORP
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.