1st Source Corporation (SRCE) financial statements (2021 and earlier)

Company profile

Business Address 100 NORTH MICHIGAN STREET
SOUTH BEND, IN 46601
State of Incorp. IN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments83127966899114144
Cash and cash equivalents83127966899114144
Total current assets:83127966899114144
Noncurrent Assets
Operating lease, right-of-use asset242410 
Property, plant and equipment52525251525353
Intangible assets, net (including goodwill), including:84848484848484
Goodwill84   84  
Intangible assets, net (excluding goodwill)0   0  
Other undisclosed intangible assets, net (including goodwill)0848484(0)8484
Total noncurrent assets:160159145135136138137
Other undisclosed assets6,3796,4046,4086,1766,0596,0426,038
TOTAL ASSETS:6,6236,6916,6506,3796,2946,2936,320
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt146197186255199291277
Total current liabilities:146197186255199291277
Noncurrent Liabilities
Other undisclosed liabilities5,6285,6615,6595,3435,3315,2525,303
Total liabilities:5,7745,8585,8455,5985,5305,5435,580
Stockholders' equity
Stockholders' equity attributable to parent828813795778762750740
Common stock437437437437437437437
Treasury stock, value(77)(77)(75)(69)(63)(54)(54)
Accumulated other comprehensive income (loss)552(3)(11)(16)(12)
Retained earnings463449431414399384371
Stockholders' equity attributable to noncontrolling interest20201032  
Total stockholders' equity:849833805781764750740
TOTAL LIABILITIES AND EQUITY:6,6236,6916,6506,3796,2946,2936,320

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues
(Net Investment Income)
70737269696664
Cost of revenue(0)(4)(4)(7)(7)(7)(7)
Cost of goods and services sold   (7)(7)(7)(7)
Provision for loan, lease, and other losses (4)(4)    
Amortization of mortgage servicing rights (msrs)(0)      
Gross profit:69696762625957
Operating expenses(11)  (3)(3)(3)(2)
Operating income:59696760595755
Interest and debt expense(14)(15)(15)(14)(13)(11)(11)
Other undisclosed loss from continuing operations before equity method investments, income taxes(16)(21)(22)(17)(19)(20)(17)
Income from continuing operations before income taxes:29323029282527
Income tax expense(7)(8)(7)(7)(6)(5)(6)
Income before gain (loss) on sale of properties:22242322212022
Other undisclosed net income (loss)    0(0)(0)
Net income:22242322222022
Net loss attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed net income (loss) attributable to parent    (0)00
Net income available to common stockholders, diluted:22242322212022

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:22242322222022
Other comprehensive income1267   
Other undisclosed comprehensive loss    (7)  
Comprehensive income:22272929152022
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    11(3)(1)
Comprehensive income, net of tax, attributable to parent:22272929261720

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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