1st Source (SRCE)
Community banking and nationwide specialty equipment finance through one bank platform.
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Provides commercial and consumer banking, wealth advice, insurance, and specialty equipment financing through 1st Source Bank. Regional deposits fund lending across Indiana, Michigan, and Florida, while nationwide teams finance aircraft, construction equipment, and vehicle fleets within one commercial-banking segment.
Provides commercial and consumer banking, Trust and Wealth Advisory Services, insurance through 1st Source Insurance, and equipment lending through the Specialty Finance Group, all centered on 1st Source Bank. Regional banking serves businesses and households through branches across northern Indiana, southwestern Michigan, and Sarasota County, Florida. Nationwide specialty teams finance construction equipment, private and cargo aircraft, and commercial vehicle fleets; renewable-energy financing serves projects across the contiguous United States.
Combines local relationship banking and deposit gathering with specialized collateral underwriting, while managing all activities as one commercial-banking reportable segment. Revenue comes mainly from interest on loans and leases, supplemented by wealth, deposit, mortgage, insurance, and leasing fees. Results depend on borrower credit quality, deposit funding, interest rates, equipment collateral values, and federal and state banking regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 28, 2026 | Piper Sandler | Reiterate | Rating: —Target: $88 | Target: $100 |
| Jul 27, 2026 | DA Davidson | Reiterate | Rating: —Target: $74 | Target: $87 |
| Apr 27, 2026 | Piper Sandler | Reiterate | Rating: —Target: $83 | Target: $88 |
| Jan 28, 2026 | DA Davidson | Reiterate | Rating: —Target: $69 | Target: $74 |
| Jan 26, 2026 | Piper Sandler | Reiterate | Rating: —Target: $60 | Target: $83 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.60B · Total debt $294.3M · Total assets $9.26B · Shareholders' equity $1.31B
- Revenue
- $156.1M
- Operating income
- $60.8M
- Net income
- $47.5M
HistoryDividendAnnual yield
| Institutions | 80.01% | 19.27M shares | |
|---|---|---|---|
| 209 holders · as of Jun 30, 2026 | |||
| Insiders | 23.58% | 5.68M shares | |
| 17 holders · as of Aug 10, 2026 | |||
| Strategic holders | 22.03% | 5.30M shares | |
| 1 holder · as of Feb 13, 2018 | |||
| Adds to | 125.62% | ||
24.08M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 125.62%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
1st Source Bank, as trustee of the trusts identified as reporting in this Schedule 13DStrategic | 22.03% | 5.30M | filed Feb 13, 2018 |
1St Source BankInstitution | 21.22% | 5.11M | as of Jun 30, 2026 |
Christopher J. Iii MurphyInsiderdirector, 10 percent owner, officer: Executive Chairman | 12.49% | 3.01M | filed Jun 15, 2026 |
BlackRock, Inc.Institution | 8.47% | 2.04M | as of Jun 30, 2026 |
Carmen C. MurphyInsider10 percent owner | 8.03% | 1.93M | filed Jun 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 10, 2026 | Brett A. Bauer | officer: Treasurer and CFO | −500 | $87.89 |
| Aug 15, 2018 | Melody Birmingham | director | +1 | |
| Nov 15, 2018 | Melody Birmingham | director | +1 | |
| Feb 14, 2019 | Melody Birmingham | director | +1 | |
| May 15, 2019 | Melody Birmingham | director | +1 |
- Lakeland Financial
Pure Indiana community-bank overlap through Lake City Bank
- Horizon Bancorp
Direct northern Indiana and Michigan banking overlap
- Huntington Bancshares
Midwest banking plus vehicle and equipment finance overlap
- First Merchants
Indiana-Michigan community-bank competitor at larger scale
- Old National Bancorp
Larger Midwest regional bank across commercial and wealth banking
- Wintrust Financial
Specialty-finance bank rival in equipment and leasing
- Fifth Third
Larger regional bank with commercial leasing overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 1st Source | $85.26 | −0.64% | $2.07B | 12.3 | 11.7 | 3.4 | +8.2% |
| Lakeland Financial | $59.90 | −0.05% | $1.49B | 13.7 | 13.6 | 3.5 | +6.8% |
| Horizon Bancorp | $19.28 | −0.46% | $994.3M | — | 9.0 | 10.4 | +16.1% |
| Huntington Bancshares | $15.68 | −2.28% | $32.41B | 12.0 | 9.2 | 2.2 | +47.4% |
| First Merchants | $40.92 | +0.05% | $2.57B | 13.1 | 9.7 | 2.4 | +23.2% |
| Old National Bancorp | $25.14 | −0.45% | $9.66B | 11.1 | 9.2 | 2.4 | +12.3% |
| Wintrust Financial | $145.41 | −1.14% | $9.92B | 11.7 | 11.0 | 2.3 | +10.1% |
| Fifth Third | $52.75 | −1.06% | $48.32B | 18.2 | 12.2 | 3.2 | +45.2% |
| Median | 12.5 | 9.7 | 2.4 | +16.1% |