1st Historical Income Statement

SRCE Stock

USD 64.89 0.33 0.51%

Historical analysis of 1st Source income statement accounts such as Net Income of 131.2 M, Income Tax Expense of 38.6 M, Depreciation And Amortization of 20.1 M or Selling General Administrative of 80 M can show how well 1st Source performed in making a profits. Evaluating 1st Source income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of 1st Source's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining 1st Source latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether 1st Source is a good buy for the upcoming year.

Net Income Gross Profit

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.

About 1st Income Statement Analysis

1st Source Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to 1st Source shareholders. The income statement also shows 1st investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

1st Source Income Statement Chart

At present, 1st Source's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 387.7 M, whereas EBIT is projected to grow to (7.2 M).

Other Operating Expenses Ebit Ebitda Net Income Selling General Administrative Net Income Applicable To Common Shares

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of 1st Source. It is also known as 1st Source overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in 1st Source financial statement analysis. It represents the amount of money remaining after all of 1st Source operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Net Income Applicable To Common Shares

The net income that remains after preferred dividends have been deducted, available to common shareholders.

Most accounts from 1st Source's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into 1st Source current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.At present, 1st Source's Other Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Operating Expenses is expected to grow to about 387.7 M, whereas EBIT is projected to grow to (7.2 M).

	2021	2022	2023	2024 (projected)
Gross Profit	336.7M	354.7M	363.4M	216.7M
Total Revenue	336.7M	354.7M	363.4M	216.7M

Gross Profit Total Revenue

1st Source income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Selling And Marketing Expenses	Cost Of Revenue	Minority Interest	Net Income From Continuing Ops	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.92	-0.59	-0.62	-0.57	0.85	0.68	0.47	0.17	0.18	0.29	0.29	0.67	0.95	0.29	0.0	-0.59	0.42	0.26	0.65	0.77	-0.42	-0.48
Other Operating Expenses	0.92		-0.37	-0.43	-0.37	0.69	0.85	0.68	0.41	0.44	0.54	0.54	0.85	0.95	0.46	-0.14	-0.78	0.57	0.27	0.76	0.81	-0.52	-0.62
Operating Income	-0.59	-0.37		0.99	0.98	-0.84	0.05	0.27	0.49	0.61	0.48	0.48	0.07	-0.59	0.19	-0.43	-0.03	0.07	-0.19	-0.1	-0.29	0.04	-0.06
Ebit	-0.62	-0.43	0.99		1.0	-0.86	-0.04	0.22	0.49	0.54	0.42	0.42	-0.02	-0.65	0.18	-0.46	0.08	-0.02	-0.26	-0.21	-0.37	0.17	0.02
Ebitda	-0.57	-0.37	0.98	1.0		-0.85	0.01	0.26	0.56	0.59	0.47	0.47	0.03	-0.6	0.2	-0.47	0.03	0.0	-0.29	-0.16	-0.32	0.17	-0.03
Total Operating Expenses	0.85	0.69	-0.84	-0.86	-0.85		0.38	0.2	-0.3	-0.22	-0.13	-0.13	0.38	0.87	0.13	0.19	-0.25	0.25	0.46	0.41	0.56	-0.42	-0.16
Net Income	0.68	0.85	0.05	-0.04	0.01	0.38		0.79	0.5	0.7	0.76	0.76	1.0	0.75	0.67	-0.13	-0.91	0.79	0.38	0.89	0.81	-0.76	-0.8
Income Tax Expense	0.47	0.68	0.27	0.22	0.26	0.2	0.79		0.56	0.79	0.74	0.74	0.84	0.55	0.6	-0.66	-0.65	0.55	0.45	0.49	0.44	-0.52	-0.33
Depreciation And Amortization	0.17	0.41	0.49	0.49	0.56	-0.3	0.5	0.56		0.69	0.73	0.73	0.5	0.1	0.39	-0.4	-0.49	0.19	-0.35	0.33	0.25	0.03	-0.48
Selling General Administrative	0.18	0.44	0.61	0.54	0.59	-0.22	0.7	0.79	0.69		0.97	0.97	0.71	0.22	0.55	-0.54	-0.65	0.58	0.12	0.55	0.48	-0.42	-0.56
Total Revenue	0.29	0.54	0.48	0.42	0.47	-0.13	0.76	0.74	0.73	0.97		1.0	0.76	0.31	0.62	-0.39	-0.73	0.65	0.07	0.68	0.63	-0.44	-0.7
Gross Profit	0.29	0.54	0.48	0.42	0.47	-0.13	0.76	0.74	0.73	0.97	1.0		0.76	0.31	0.62	-0.39	-0.73	0.65	0.07	0.68	0.63	-0.44	-0.7
Income Before Tax	0.67	0.85	0.07	-0.02	0.03	0.38	1.0	0.84	0.5	0.71	0.76	0.76		0.75	0.68	-0.2	-0.89	0.78	0.43	0.86	0.78	-0.76	-0.74
Total Other Income Expense Net	0.95	0.95	-0.59	-0.65	-0.6	0.87	0.75	0.55	0.1	0.22	0.31	0.31	0.75		0.38	-0.01	-0.67	0.53	0.45	0.7	0.78	-0.58	-0.49
Selling And Marketing Expenses	0.29	0.46	0.19	0.18	0.2	0.13	0.67	0.6	0.39	0.55	0.62	0.62	0.68	0.38		-0.18	-0.48	0.6	0.4	0.55	0.52	-0.48	-0.47
Cost Of Revenue	0.0	-0.14	-0.43	-0.46	-0.47	0.19	-0.13	-0.66	-0.4	-0.54	-0.39	-0.39	-0.2	-0.01	-0.18		0.0	0.03	-0.04	0.24	0.2	-0.16	-0.29
Minority Interest	-0.59	-0.78	-0.03	0.08	0.03	-0.25	-0.91	-0.65	-0.49	-0.65	-0.73	-0.73	-0.89	-0.67	-0.48	0.0		-0.75	-0.29	-0.88	-0.78	0.67	0.84
Net Income From Continuing Ops	0.42	0.57	0.07	-0.02	0.0	0.25	0.79	0.55	0.19	0.58	0.65	0.65	0.78	0.53	0.6	0.03	-0.75		0.39	0.8	0.74	-0.73	-0.73
Tax Provision	0.26	0.27	-0.19	-0.26	-0.29	0.46	0.38	0.45	-0.35	0.12	0.07	0.07	0.43	0.45	0.4	-0.04	-0.29	0.39		0.32	0.28	-0.73	0.03
Net Interest Income	0.65	0.76	-0.1	-0.21	-0.16	0.41	0.89	0.49	0.33	0.55	0.68	0.68	0.86	0.7	0.55	0.24	-0.88	0.8	0.32		0.94	-0.78	-0.91
Interest Income	0.77	0.81	-0.29	-0.37	-0.32	0.56	0.81	0.44	0.25	0.48	0.63	0.63	0.78	0.78	0.52	0.2	-0.78	0.74	0.28	0.94		-0.65	-0.83
Reconciled Depreciation	-0.42	-0.52	0.04	0.17	0.17	-0.42	-0.76	-0.52	0.03	-0.42	-0.44	-0.44	-0.76	-0.58	-0.48	-0.16	0.67	-0.73	-0.73	-0.78	-0.65		0.57
Extraordinary Items	-0.48	-0.62	-0.06	0.02	-0.03	-0.16	-0.8	-0.33	-0.48	-0.56	-0.7	-0.7	-0.74	-0.49	-0.47	-0.29	0.84	-0.73	0.03	-0.91	-0.83	0.57

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1st Source Account Relationship Matchups

1st Source income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	59.0M	37.2M	18.1M	30.3M	138.3M	145.2M
Other Operating Expenses	204.9M	223.4M	181.9M	167.6M	369.3M	387.7M
Operating Income	120.1M	106.3M	154.9M	187.1M	(7K)	(6.7K)
Ebit	120.1M	91.7M	145.5M	155.1M	(7.5M)	(7.2M)
Ebitda	145.2M	120.4M	167.4M	172.9M	7.1M	6.7M
Total Operating Expenses	(204.9M)	(223.4M)	(181.9M)	(167.6M)	369.3M	387.7M
Net Income	92.0M	81.4M	118.5M	120.5M	124.9M	131.2M
Income Tax Expense	28.1M	24.9M	36.3M	36.3M	36.7M	38.6M
Depreciation And Amortization	25.1M	28.7M	21.9M	17.8M	15.5M	20.1M
Selling General Administrative	111.7M	113.9M	122.4M	136.9M	121.5M	80.0M
Total Revenue	325.0M	329.7M	336.7M	354.7M	363.4M	216.7M
Gross Profit	325.0M	329.7M	336.7M	354.7M	363.4M	216.7M
Income Before Tax	120.2M	106.3M	154.9M	156.8M	161.7M	169.8M
Total Other Income Expense Net	55K	(3.4M)	(1.9M)	(3.7M)	161.7M	169.8M
Selling And Marketing Expenses	6.3M	4.2M	8.0M	5.8M	7.2M	5.7M
Net Income Applicable To Common Shares	92.0M	81.4M	118.5M	120.5M	138.6M	145.5M
Net Income From Continuing Ops	92.0M	81.5M	118.6M	120.5M	124.9M	90.7M
Tax Provision	28.1M	24.9M	36.3M	36.3M	36.7M	34.3M
Net Interest Income	223.9M	225.8M	236.6M	263.5M	278.6M	240.1M
Interest Income	282.9M	263.0M	254.8M	293.8M	416.9M	288.1M
Reconciled Depreciation	35.3M	31.1M	13.7M	10.0M	15.5M	19.5M

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When determining whether 1st Source is a strong investment it is important to analyze 1st Source's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact 1st Source's future performance. For an informed investment choice regarding 1st Stock, refer to the following important reports:

How To Invest In 1st

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Is 1st Stock a good investment?

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What is 1st Source's Net Worth?

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Largest Banks - Regional Companies

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For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.

You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 1st Source. If investors know 1st will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 1st Source listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.068

Dividend Share

1.4

Earnings Share

5.25

Revenue Per Share

15.077

Quarterly Revenue Growth

0.021

The market value of 1st Source is measured differently than its book value, which is the value of 1st that is recorded on the company's balance sheet. Investors also form their own opinion of 1st Source's value that differs from its market value or its book value, called intrinsic value, which is 1st Source's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 1st Source's market value can be influenced by many factors that don't directly affect 1st Source's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between 1st Source's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1st Source is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1st Source's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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1st Historical Income Statement

About 1st Income Statement Analysis

1st Source Income Statement Chart

Other Operating Expenses

Net Income

Net Income Applicable To Common Shares

1st Source income statement Correlations

1st Source Account Relationship Matchups

High Positive Relationship

High Negative Relationship

1st Source income statement Accounts

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COMMON DESTINATIONS

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Ebitda	+ 1.0	Ebit
Income Before Tax	+ 1.0	Net Income
Gross Profit	+ 1.0	Total Revenue
Ebit	+ 0.99	Operating Income
Ebitda	+ 0.98	Operating Income
Total Revenue	+ 0.97	Selling General Administrative

Extraordinary Items	- 0.91	Net Interest Income
Minority Interest	- 0.91	Net Income
Minority Interest	- 0.89	Income Before Tax
Net Interest Income	- 0.88	Minority Interest
Total Operating Expenses	- 0.86	Ebit
Total Operating Expenses	- 0.85	Ebitda