1st Source Corporation
1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States. The company's consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and … Read more
1st Source Corporation (SRCE) - Net Assets
Latest net assets as of December 2025: $1.32 Billion USD
Based on the latest financial reports, 1st Source Corporation (SRCE) has net assets worth $1.32 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($9.06 Billion) and total liabilities ($7.74 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.32 Billion |
| % of Total Assets | 14.56% |
| Annual Growth Rate | 8.22% |
| 5-Year Change | 35.96% |
| 10-Year Change | 95.95% |
| Growth Volatility | 8.64 |
1st Source Corporation - Net Assets Trend (1989–2025)
This chart illustrates how 1st Source Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for 1st Source Corporation (1989–2025)
The table below shows the annual net assets of 1st Source Corporation from 1989 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.32 Billion | +11.56% |
| 2024-12-31 | $1.18 Billion | +10.60% |
| 2023-12-31 | $1.07 Billion | +15.64% |
| 2022-12-31 | $923.77 Million | -4.71% |
| 2021-12-31 | $969.46 Million | +4.17% |
| 2020-12-31 | $930.67 Million | +9.67% |
| 2019-12-31 | $848.64 Million | +11.14% |
| 2018-12-31 | $763.59 Million | +6.27% |
| 2017-12-31 | $718.54 Million | +6.82% |
| 2016-12-31 | $672.65 Million | +4.44% |
| 2015-12-31 | $644.05 Million | +4.81% |
| 2014-12-31 | $614.47 Million | +4.97% |
| 2013-12-31 | $585.38 Million | +4.78% |
| 2012-12-31 | $558.65 Million | +6.63% |
| 2011-12-31 | $523.92 Million | +7.72% |
| 2010-12-31 | $486.38 Million | -14.72% |
| 2009-12-31 | $570.32 Million | +25.71% |
| 2008-12-31 | $453.66 Million | +5.38% |
| 2007-12-31 | $430.50 Million | +16.70% |
| 2006-12-31 | $368.90 Million | +6.75% |
| 2005-12-31 | $345.58 Million | +5.81% |
| 2004-12-31 | $326.60 Million | +3.78% |
| 2003-12-31 | $314.69 Million | -13.59% |
| 2002-12-31 | $364.18 Million | +3.77% |
| 2001-12-31 | $350.94 Million | +11.30% |
| 2000-12-31 | $315.32 Million | +11.19% |
| 1999-12-31 | $283.60 Million | +9.08% |
| 1998-12-31 | $260.00 Million | +33.33% |
| 1997-12-31 | $195.00 Million | +13.50% |
| 1996-12-31 | $171.80 Million | +12.58% |
| 1995-12-31 | $152.60 Million | +18.20% |
| 1994-12-31 | $129.10 Million | +2.87% |
| 1993-12-31 | $125.50 Million | +16.42% |
| 1992-12-31 | $107.80 Million | +12.17% |
| 1991-12-31 | $96.10 Million | +10.97% |
| 1990-12-31 | $86.60 Million | +12.76% |
| 1989-12-31 | $76.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 1st Source Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2116.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.02 Billion | 79.62% |
| Common Stock | $436.54 Million | 34.24% |
| Other Comprehensive Income | $-34.78 Million | -2.73% |
| Total Equity | $1.27 Billion | 100.00% |
1st Source Corporation Competitors by Market Cap
The table below lists competitors of 1st Source Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gamma Communications plc
PINK:GAMCF
|
$1.20 Billion |
|
Jones Tech PLC Class A
SHE:300684
|
$1.20 Billion |
|
Prosegur Cash S.A
PINK:PGUCY
|
$1.20 Billion |
|
ProPetro Holding Corp
NYSE:PUMP
|
$1.20 Billion |
|
Beibuwan Port Co Ltd
SHE:000582
|
$1.20 Billion |
|
Shanghai Liangxin Electrical Co Ltd
SHE:002706
|
$1.20 Billion |
|
Korean Reinsu
KO:003690
|
$1.20 Billion |
|
Heiwa Real Estate Co., Ltd.
PINK:HWARF
|
$1.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 1st Source Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,111,068,000 to 1,274,971,000, a change of 163,903,000 (14.8%).
- Net income of 158,273,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 52,455,000.
- Other factors decreased equity by 46,825,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $158.27 Million | +12.41% |
| Other Comprehensive Income | $52.45 Million | +4.11% |
| Other Changes | $-46.83 Million | -3.67% |
| Total Change | $- | 14.75% |
Book Value vs Market Value Analysis
This analysis compares 1st Source Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.28x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 20.53x to 1.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1989-12-31 | $3.27 | $67.08 | x |
| 1990-12-31 | $3.54 | $67.08 | x |
| 1991-12-31 | $3.87 | $67.08 | x |
| 1992-12-31 | $4.22 | $67.08 | x |
| 1993-12-31 | $5.12 | $67.08 | x |
| 1994-12-31 | $5.04 | $67.08 | x |
| 1995-12-31 | $5.06 | $67.08 | x |
| 1996-12-31 | $5.70 | $67.08 | x |
| 1997-12-31 | $6.47 | $67.08 | x |
| 1998-12-31 | $9.17 | $67.08 | x |
| 1999-12-31 | $11.80 | $67.08 | x |
| 2000-12-31 | $11.82 | $67.08 | x |
| 2001-12-31 | $13.71 | $67.08 | x |
| 2002-12-31 | $11.97 | $67.08 | x |
| 2003-12-31 | $12.36 | $67.08 | x |
| 2004-12-31 | $12.86 | $67.08 | x |
| 2005-12-31 | $12.35 | $67.08 | x |
| 2006-12-31 | $14.68 | $67.08 | x |
| 2007-12-31 | $16.40 | $67.08 | x |
| 2008-12-31 | $16.91 | $67.08 | x |
| 2009-12-31 | $21.46 | $67.08 | x |
| 2010-12-31 | $18.24 | $67.08 | x |
| 2011-12-31 | $19.64 | $67.08 | x |
| 2012-12-31 | $20.92 | $67.08 | x |
| 2013-12-31 | $21.86 | $67.08 | x |
| 2014-12-31 | $23.41 | $67.08 | x |
| 2015-12-31 | $24.61 | $67.08 | x |
| 2016-12-31 | $25.99 | $67.08 | x |
| 2017-12-31 | $27.71 | $67.08 | x |
| 2018-12-31 | $29.38 | $67.08 | x |
| 2019-12-31 | $32.35 | $67.08 | x |
| 2020-12-31 | $34.74 | $67.08 | x |
| 2021-12-31 | $36.59 | $67.08 | x |
| 2022-12-31 | $35.00 | $67.08 | x |
| 2023-12-31 | $40.20 | $67.08 | x |
| 2024-12-31 | $45.36 | $67.08 | x |
| 2025-12-31 | $52.27 | $67.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 1st Source Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.38%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 7.10x
- Recent ROE (12.41%) is above the historical average (10.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1989 | 13.80% | 8.68% | 0.10x | 15.49x | $2.92 Million |
| 1990 | 13.74% | 9.44% | 0.10x | 14.03x | $3.24 Million |
| 1991 | 13.11% | 10.30% | 0.09x | 13.48x | $2.99 Million |
| 1992 | 12.89% | 11.73% | 0.08x | 12.99x | $3.12 Million |
| 1993 | 13.31% | 14.10% | 0.08x | 11.86x | $4.15 Million |
| 1994 | 14.33% | 14.48% | 0.08x | 12.26x | $5.59 Million |
| 1995 | 13.76% | 13.58% | 0.09x | 11.79x | $5.74 Million |
| 1996 | 13.50% | 13.31% | 0.08x | 12.11x | $6.02 Million |
| 1997 | 13.59% | 12.68% | 0.09x | 12.40x | $7.00 Million |
| 1998 | 12.04% | 12.68% | 0.09x | 10.44x | $5.34 Million |
| 1999 | 12.62% | 13.58% | 0.09x | 10.13x | $7.44 Million |
| 2000 | 11.92% | 12.25% | 0.10x | 10.09x | $6.04 Million |
| 2001 | 10.97% | 11.58% | 0.09x | 10.15x | $3.40 Million |
| 2002 | 3.24% | 3.68% | 0.08x | 11.01x | $-20.90 Million |
| 2003 | 6.09% | 7.90% | 0.07x | 10.58x | $-12.32 Million |
| 2004 | 7.64% | 11.66% | 0.06x | 10.91x | $-7.70 Million |
| 2005 | 9.77% | 14.24% | 0.07x | 10.16x | $-806.60K |
| 2006 | 10.65% | 13.76% | 0.08x | 10.32x | $2.41 Million |
| 2007 | 7.09% | 9.42% | 0.07x | 10.33x | $-12.51 Million |
| 2008 | 7.36% | 10.46% | 0.07x | 9.84x | $-11.98 Million |
| 2009 | 4.47% | 8.91% | 0.06x | 7.96x | $-31.54 Million |
| 2010 | 8.48% | 14.35% | 0.06x | 9.14x | $-7.39 Million |
| 2011 | 9.20% | 17.96% | 0.06x | 8.35x | $-4.20 Million |
| 2012 | 8.88% | 18.85% | 0.06x | 8.15x | $-6.23 Million |
| 2013 | 9.39% | 21.40% | 0.05x | 8.07x | $-3.58 Million |
| 2014 | 9.45% | 22.64% | 0.05x | 7.86x | $-3.38 Million |
| 2015 | 8.93% | 21.45% | 0.05x | 8.06x | $-6.92 Million |
| 2016 | 8.59% | 20.59% | 0.05x | 8.16x | $-9.48 Million |
| 2017 | 9.47% | 21.87% | 0.05x | 8.19x | $-3.80 Million |
| 2018 | 10.81% | 23.26% | 0.06x | 8.26x | $6.21 Million |
| 2019 | 11.10% | 23.95% | 0.06x | 8.00x | $9.13 Million |
| 2020 | 9.18% | 22.19% | 0.05x | 8.25x | $-7.25 Million |
| 2021 | 12.94% | 33.40% | 0.04x | 8.84x | $26.91 Million |
| 2022 | 13.95% | 31.29% | 0.05x | 9.65x | $34.10 Million |
| 2023 | 12.62% | 24.61% | 0.06x | 8.82x | $25.97 Million |
| 2024 | 11.94% | 23.25% | 0.06x | 8.04x | $21.52 Million |
| 2025 | 12.41% | 26.38% | 0.07x | 7.10x | $30.78 Million |
Industry Comparison
This section compares 1st Source Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 1st Source Corporation (SRCE) | $1.32 Billion | 13.80% | 5.87x | $1.20 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |