1st Source Corp.
- SRCE ยท Nasdaq
- State Commercial Banks
- South Bend, IN
- 1,190 employees
- CIK 0000034782
Updated from SEC filings through
Top things to know
Executives
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Andrea G. Short President and CEO 4, 2026-02-18 - Brett A. Bauer Treasurer and CFO 4, 2026-08-10
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Kevin Carmichael Murphy Executive Vice President 4, 2026-02-18 - Jeffrey L. Buhr Executive Vice President 4, 2026-02-18
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Christopher J. Murphy Iii Executive Chairman 4, 2026-06-15 - John B. Griffith Employment Agreement 10-K, 2026-02-17
1st Source Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in South Bend, IN. It trades as SRCE on Nasdaq. Revenue was $514M in the fiscal year ending December 31, 2025, +6.3% from the year before. It reported about 1,190 employees. Andrea G. Short is President and CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $514M 10-K, 2026-02-17 | $484M 10-K, 2026-02-17 | $417M 10-K, 2026-02-17 | $294M 10-K, 2025-02-18 | $255M 10-K, 2024-02-20 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $158M 10-K, 2026-02-17 | $133M 10-K, 2026-02-17 | $125M 10-K, 2026-02-17 | $121M 10-K, 2025-02-18 | $119M 10-K, 2024-02-20 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
 Todd F. Schurz | Named in proxy bio: Senior Advisor and former President and Chief Executive Officer, Schurz Communications, Inc. | DEF 14A, 2026-03-13 |
| Andrea G. Short CEO at 1st Source Bank | President and CEO | 4, 2026-02-18 |
| Brett A. Bauer Executive Vice President and CFO at 1st Source Bank | Treasurer and CFO | 4, 2026-08-10 |
| Kevin Carmichael Murphy | Executive Vice President | 4, 2026-02-18 |
| Jeffrey L. Buhr | Executive Vice President | 4, 2026-02-18 |
| Christopher J. Murphy Iii | Executive Chairman | 4, 2026-06-15 |
 Timothy K. Ozark | Named in proxy bio: Chairman, TKO Finance Corporation | DEF 14A, 2026-03-13 |
| John B. Griffith Executive Vice President, Chief Risk Officer, General Counsel and Secretary at 1st Source Bank | Employment Agreement | 10-K, 2026-02-17 |
| Kevin C. Murphy | Employment Agreement | 10-K, 2026-02-17 |
What 1st Source Corp does
1st Source Bank provides commercial, small business, agricultural, and real estate loans primarily to privately owned businesses to finance industrial and commercial properties, equipment, inventories and accounts receivable, acquisitions and for general corporate purposes.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 24.1 million (as of October 16, 2026) | 10-Q, October 22, 2026 |
|---|---|---|
| Public float | $1.2B (as of June 30, 2025) | 10-K, February 17, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, October 22, 2026 |
| Latest proxy statement | Meeting April 23, 2026 (filed March 13, 2026) | DEF 14A, March 13, 2026 |
| Auditor | Forvis Mazars, LLP (Fort Wayne, Indiana) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 10, 2026 | Brett A. Bauer Treasurer and CFO | Sale | 500 | $44K | Form 4, August 10, 2026 |
| February 13, 2026 | Melody Birmingham Director | Buy | 51 | $4K | Form 4, March 10, 2026 |
| December 15, 2025 | Jeffrey L. Buhr Executive Vice President | Sale | 1,175 | $78K | Form 4, December 15, 2025 |
| December 10, 2025 | John B. Griffith Exec VP / Secy 1st Source Bank | Sale | 1,900 | $125K | Form 4, December 11, 2025 |
| November 14, 2025 | Melody Birmingham Director | Buy | 257 | $16K | Form 4, March 10, 2026 |
Recent 8-K events
- 8-K filed 2026-11-04
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-05
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-23
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-05-01
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-04-24
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-23
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-02-23
- Item 8.01 Other events
- 8-K filed 2026-01-30
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-01-23
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about 1st Source Corp
- What does 1st Source Corp do?
- In its own words, from Item 1 of its 10-K: "1st Source Bank provides commercial, small business, agricultural, and real estate loans primarily to privately owned businesses to finance industrial and commercial properties, equipment, inventories and accounts receivable, acquisitions and for general corporate purposes."
- What is 1st Source Corp's revenue?
- $514M for the fiscal year ending December 31, 2025, from its 10-K filed February 17, 2026.
- Is 1st Source Corp profitable?
- 1st Source Corp reported net income of $158M for the fiscal year ending December 31, 2025.
- How many employees does 1st Source Corp have?
- About 1,190 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of 1st Source Corp?
- Andrea G. Short, President and CEO, as named in a 4 filed February 18, 2026.
- Who is the CFO of 1st Source Corp?
- Brett A. Bauer, Treasurer and CFO, as named in a 4 filed August 10, 2026.
- Where is 1st Source Corp headquartered?
- South Bend, IN.
- What is 1st Source Corp's stock ticker?
- SRCE on Nasdaq.
- What industry is 1st Source Corp in?
- State Commercial Banks, SIC code 6022.
- What is 1st Source Corp's website?
- 1stsource.com.
- When does 1st Source Corp report earnings next?
- January 21, 2027. Source: estimate_8k_pattern.
- Is 1st Source Corp a public company?
- Yes. 1st Source Corp files with the SEC under CIK 0000034782 and trades as SRCE.
- Who audits 1st Source Corp?
- Forvis Mazars, LLP, Fort Wayne, Indiana, as named in its latest annual report (10-K).
- How many shares of 1st Source Corp are outstanding?
- 24.1 million shares as of October 16, 2026, from its 10-Q filed October 22, 2026.
- What is 1st Source Corp's public float?
- $1.2B as of June 30, 2025, as reported on the cover of its 10-K filed February 17, 2026.
- How many business segments does 1st Source Corp report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed October 22, 2026.
- When is 1st Source Corp's annual shareholder meeting?
- April 23, 2026, per its proxy statement (DEF 14A) filed March 13, 2026.
- Have 1st Source Corp insiders traded stock recently?
- Since November 14, 2025, officers and directors reported 3 open-market sales worth about $247K and 2 purchases worth about $20K on Forms 4 and 5. The most recent: Brett A. Bauer (Treasurer and CFO) sold 500 shares on August 10, 2026.