Short answer
1ST SOURCE CORP (SRCE) filed its fiscal 2025 10-K annual report with the SEC on Feb 17, 2026. It reported revenue of $514M (+6.3% year over year) and net income of $158M.
- Top risk flagged: Regulatory risk: Increased allowance for credit losses affected by Economic forecasts amid inflation above policy targets and restrictive interest rates
FY2025 key financial metrics · XBRL
- Revenue
- $514M
- +6.3% YoY
- Net income
- $158M
- +19.3% YoY
- EPS (diluted)
- $6.41
- +19.6% YoY
- ROE
- 12.4%
- +0.5 pp YoY
- Operating cash flow
- $223M
- +15.1% YoY
Source: XBRL data from the 1ST SOURCE CORP (SRCE) FY2025 10-K on SEC EDGAR. USD.
1ST SOURCE CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
- 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
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