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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments839978108806680
Cash and cash equivalents839978108806680
Short-term investments     0 
Total current assets:839978108806680
Noncurrent Assets
Operating lease, right-of-use asset24
Property, plant and equipment52525557535047
Intangible assets, net (including goodwill), including:84848484858586
Goodwill84848484848484
Intangible assets, net (excluding goodwill)0000123
Other undisclosed intangible assets, net (including goodwill)0(0)00(0)00
Total noncurrent assets:160136138141138136133
Other undisclosed assets6,3796,0595,6715,2374,9704,6284,510
TOTAL ASSETS:6,6236,2945,8875,4865,1884,8304,723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt146199215292233246314
Total current liabilities:146199215292233246314
Noncurrent Liabilities
Other undisclosed liabilities5,6285,3314,9544,5224,3113,9703,823
Total liabilities:5,7745,5305,1694,8144,5444,2154,137
Stockholders' equity
Stockholders' equity attributable to parent828762719673644614585
Common stock437437437437437347347
Treasury stock, value(77)(63)(55)(56)(51)(44)(29)
Accumulated other comprehensive income (loss)5(11)(3)1797
Retained earnings463399340291252302262
Stockholders' equity attributable to noncontrolling interest202     
Total stockholders' equity:849764719673644614585
TOTAL LIABILITIES AND EQUITY:6,6236,2945,8875,4865,1884,8304,723

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues28325729126225124216
Revenue, net3026221716
Net investment income283257212192185179 
Financial services revenue48454446 
Cost of revenue(1)(26)(25)(22)(18)(19)(1)
Cost of goods and services sold (26)(25)(22)(18)(14) 
Amortization of mortgage servicing rights (msrs)(1)    (1)2
Financial services costs   (4)(1)
Gross profit:28223126624123322315
Operating expenses(11)(10)(98)(97)(96)(99)(86)
Other operating income, net
(Noninterest Income, Other Operating Income)
  1112121214
Operating income (loss):271221179156149136(57)
Nonoperating income
(Investment Income, Nonoperating)
  7201 
Interest and debt expense(59)(43)(27)(22)(18)(18)(23)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(92)(73)(59)(47)(43)(34)163
Income from continuing operations before income taxes:12010510189898484
Income tax expense(28)(23)(33)(31)(31)(26)(29)
Income before gain (loss) on sale of properties:92826858575855
Other undisclosed net loss  (1)(0)(1)(1)(109)
Net income (loss):928268575757(54)
Net loss attributable to noncontrolling interest(0)      
Other undisclosed net income attributable to parent  1011109
Net income attributable to parent:92826858575855
Other undisclosed net loss available to common stockholders, basic      (110)
Net income (loss) available to common stockholders, diluted:928268585758(55)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):928268575757(54)
Other comprehensive income (loss)16(7)     
Comprehensive income (loss):1087668575757(54)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (4)(5)(2)496
Comprehensive income, net of tax, attributable to parent:108766353556142

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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