1st Source Corp (SRCE) company profile
Close on Nov 13, 2026Market cap $2.12BP/E 12.0Yield 1.72%
About 1st Source
State Commercial Banks, SIC 6022
1st Source Corporation operates as a bank holding company delivering consumer and commercial banking, wealth advisory, trust, and insurance services. Through its main subsidiary, 1st Source Bank, the company provides personal and business deposit accounts, treasury management, and commercial, agricultural, and real estate lending. Its operations also feature renewable energy project financing across the contiguous United States, as well as specialized equipment loans and fleet leasing for construction machinery, private and cargo aircraft, and commercial vehicles. Furthermore, 1st Source Insurance offers property, casualty, life, and health insurance products.
Headquartered in South Bend, Indiana, 1st Source Bank conducts retail and regional operations through 78 banking center locations across Sarasota County in Florida and 19 counties throughout Indiana and Michigan. Additionally, its insurance division maintains 13 offices, while the Specialty Finance Group operates 15 offices nationwide and extends selective aircraft financing internationally into Mexico and Brazil. Approximately 1,190 full-time equivalent personnel support the company's activities.
Summary of the business section of 1st Source's latest annual report, written by StockData.
Company profile
Company
- Legal name
- 1st Source Corp
- Founded
- 1971
- Headquarters
- South Bend, IN
- Address
- 100 North Michigan Street 46601
- Phone
- (574) 235-2702
- Website
- 1stsource.com
- Employees
- 1,190, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Indiana
- Fiscal year ends
- December 31
- Auditor
- Forvis Mazars, LLP, Fort Wayne, Indiana
Stock & identifiers
- Ticker
- SRCE
- Exchange
- Nasdaq
- IPO date
- Aug 12, 1983
- Shares outstanding
- 24M, Oct 16, 2026
- Public float
- $1.18B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 11-for-10, Aug 3, 2006; 11-for-10, Feb 2, 1999; 11-for-10, Feb 3, 1998; 5-for-4, Feb 18, 1997; 3-for-2, Aug 21, 1995; 3-for-2, Feb 16, 1993; 5-for-4, Feb 19, 1992
- SEC CIK
- 34782
- CUSIP
- 336901103
- ISIN
- US3369011032
- FIGI
- BBG000BTH4T5
- Share class FIGI
- BBG001S5WB32
- EIN
- 35-1068133
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Christopher J. Murphy Iii | Executive Chairman, Director | 4,281,102 |
| Andrea G. Short | President and CEO, Director | 106,478 |
| Brett A. Bauer | Treasurer and CFO | 33,730 |
| Kevin Carmichael Murphy | Executive Vice President | 160,004 |
| Jeffrey L. Buhr | Executive Vice President | 78,846 |
| John B. Griffith | Exec VP / Secy 1st Source Bank | 73,487 |
| Ronda Shrewsbury | Director | 14,822 |
| John F. Affleck-Graves | Director | 22,213 |
| Tracy D. Graham | Director | 13,808 |
| Timothy K. Ozark | Director | 52,445 |
| Isaac P. Torres | Director | 12,874 |
| Todd F. Schurz | Director | 16,124 |
| Christopher J. Murphy IV | Director | 148,824 |
| Daniel B. Fitzpatrick | Director | 55,379 |
| Mark D. Schwabero | Director | 30,168 |
| Melody Birmingham | Director | 9,389 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.05M | $3.22M | $1.25M | $177 | $174 |
| FY2024 | $2.04M | $2.19M | $819.70K | $161 | $150 |
| FY2023 | $2.77M | $2.88M | $958.56K | $148 | $120 |
| FY2022 | $2.36M | $2.34M | $858.84K | $139 | $120 |
| FY2021 | $2.01M | $2.17M | $722.09K | $126 | $139 |
| FY2020 | $2.32M | $2.25M | $820.70K | $80 | $90 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Christopher J. Murphy III Executive Chairman, 1st Source Corporation and 1st Source Bank | $855.39K | $1.00M | $999.65K | $190.28K | $3.05M | +50% |
| Andrea G. Short President and Chief Executive Officer, 1st Source Corporation and Chief Executive Officer, 1st Source Bank | $526.35K | $1.05M | $476.15K | $133.09K | $2.19M | +107% |
| Kevin C. Murphy Executive Vice President, 1st Source Corporation and President, 1st Source Bank | $396.54K | $872.58K | $369.55K | $43.20K | $1.68M | – |
| Jeffrey L. Buhr Executive Vice President and Chief Credit Officer, 1st Source Bank | $411.15K | $103.22K | $384.40K | $53.96K | $952.73K | +21% |
| Brett A. Bauer Executive Vice President, Treasurer and Chief Financial Officer, 1st Source Corporation and 1st Source Bank | $331.92K | $383.99K | $367.55K | $43.58K | $1.13M | +77% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had approximately 1,190 colleagues on a full-time equivalent basis.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Jun 26, 2015 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Apr 25, 2012 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Nov 19, 2007 | Deregistration | Termination of SEC registration (Form 15) |
| Aug 1, 2007 | Delisting | Notice of delisting from exchange (Form 25) |
| Jun 1, 2007 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 9, 2007 | Merger | Registration of securities for a merger or exchange offer (S-4) |
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