1st Source Corporation (SRCE) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  83997810880
Cash and cash equivalents  83997810880
Total current assets:  83997810880
Noncurrent Assets
Operating lease, right-of-use asset222424
Property, plant and equipment47495252555753
Intangible assets, net (including goodwill), including:84848484848485
Goodwill84848484848484
Intangible assets, net (excluding goodwill)0000001
Other undisclosed intangible assets, net (including goodwill)(0)(0)0(0)00(0)
Total noncurrent assets:153157160136138141138
Other undisclosed assets7,9307,1436,3796,0595,6715,2374,970
TOTAL ASSETS:8,0967,3166,6236,2945,8875,4865,188
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt200151146199215292233
Total current liabilities:200151146199215292233
Noncurrent Liabilities
Other undisclosed liabilities6,9276,2355,6285,3314,9544,5224,311
Total liabilities:7,1276,3865,7745,5305,1694,8144,544
Stockholders' equity
Stockholders' equity attributable to parent916887828762719673644
Common stock437437437437437437437
Treasury stock, value(114)(82)(77)(63)(55)(56)(51)
Accumulated other comprehensive income (loss)(10)185(11)(3)17
Retained earnings604514463399340291252
Stockholders' equity attributable to noncontrolling interest5344202   
Total stockholders' equity:969931849764719673644
TOTAL LIABILITIES AND EQUITY:8,0967,3166,6236,2945,8875,4865,188

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues261270283257291262251
Net investment income255263283257212192185
Financial services revenue484544
Cost of revenue(2)(2)(1)(26)(25)(22)(18)
Cost of goods and services sold   (26)(25)(22)(18)
Amortization of mortgage servicing rights (msrs)(2)(2)(1)    
Gross profit:259268282231266241233
Operating expenses(11)(10)(11)(10)(98)(97)(96)
Other operating income, net
(Noninterest Income, Other Operating Income)
1312  111212
Operating income:261270271221179156149
Nonoperating income
(Investment Income, Nonoperating)
    720
Interest and debt expense(18)(37)(59)(43)(27)(22)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes(88)(126)(92)(73)(59)(47)(43)
Income from continuing operations before income taxes:1551061201051018989
Income tax expense(36)(25)(28)(23)(33)(31)(31)
Income before gain (loss) on sale of properties:119819282685857
Other undisclosed net loss    (1)(0)(1)
Net income:119819282685757
Net loss attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed net income attributable to parent    101
Net income available to common stockholders, diluted:119819282685857

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:119819282685757
Other comprehensive income (loss)(28)1316(7)   
Comprehensive income:909510876685757
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)    
Other undisclosed comprehensive loss, net of tax, attributable to parent    (4)(5)(2)
Comprehensive income, net of tax, attributable to parent:909510876635355

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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