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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8399781088066
Cash and cash equivalents 8399781088066
Short-term investments      0
Total current assets: 8399781088066
Noncurrent Assets
Operating lease, right-of-use asset2424
Property, plant and equipment49525255575350
Intangible assets, net (including goodwill), including:84848484848585
Goodwill84848484848484
Intangible assets, net (excluding goodwill)0000012
Other undisclosed intangible assets, net (including goodwill)(0)0(0)00(0)0
Total noncurrent assets:157160136138141138136
Other undisclosed assets7,1436,3796,0595,6715,2374,9704,628
TOTAL ASSETS:7,3166,6236,2945,8875,4865,1884,830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt151146199215292233246
Total current liabilities:151146199215292233246
Noncurrent Liabilities
Other undisclosed liabilities6,2355,6285,3314,9544,5224,3113,970
Total liabilities:6,3865,7745,5305,1694,8144,5444,215
Stockholders' equity
Stockholders' equity attributable to parent887828762719673644614
Common stock437437437437437437347
Treasury stock, value(82)(77)(63)(55)(56)(51)(44)
Accumulated other comprehensive income (loss)185(11)(3)179
Retained earnings514463399340291252302
Stockholders' equity attributable to noncontrolling interest44202    
Total stockholders' equity:931849764719673644614
TOTAL LIABILITIES AND EQUITY:7,3166,6236,2945,8875,4865,1884,830

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues270283257291262251242
Net investment income263283257212192185179
Financial services revenue48454446
Cost of revenue(2)(1)(26)(25)(22)(18)(19)
Cost of goods and services sold  (26)(25)(22)(18)(14)
Amortization of mortgage servicing rights (msrs)(2)(1)    (1)
Financial services costs   (4)
Gross profit:268282231266241233223
Operating expenses(10)(11)(10)(98)(97)(96)(99)
Other operating income, net
(Noninterest Income, Other Operating Income)
12  11121212
Operating income:270271221179156149136
Nonoperating income
(Investment Income, Nonoperating)
   7201
Interest and debt expense(37)(59)(43)(27)(22)(18)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes(126)(92)(73)(59)(47)(43)(34)
Income from continuing operations before income taxes:106120105101898984
Income tax expense(25)(28)(23)(33)(31)(31)(26)
Income before gain (loss) on sale of properties:81928268585758
Other undisclosed net loss   (1)(0)(1)(1)
Net income:81928268575757
Net loss attributable to noncontrolling interest(0)(0)     
Other undisclosed net income attributable to parent   1011
Net income available to common stockholders, diluted:81928268585758

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:81928268575757
Other comprehensive income (loss)1316(7)    
Comprehensive income:951087668575757
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (4)(5)(2)4
Comprehensive income, net of tax, attributable to parent:951087663535561

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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