1st Source (SRCE) Revenue & Revenue Breakdown

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1st Source Revenue Highlights

Latest Revenue (Y)

$507.53M

Latest Revenue (Q)

$123.23M

Main Segment (Y)

Fiduciary and Trust

1st Source Revenue by Period

1st Source Revenue by Year

Date	Revenue	Change
2023-12-31	$507.53M	43.07%
2022-12-31	$354.73M	5.35%
2021-12-31	$336.73M	2.13%
2020-12-31	$329.71M	1.45%
2019-12-31	$325.00M	4.52%
2018-12-31	$310.96M	9.36%
2017-12-31	$284.34M	9.95%
2016-12-31	$258.60M	3.51%
2015-12-31	$249.84M	4.88%
2014-12-31	$238.22M	1.79%
2013-12-31	$234.03M	0.46%
2012-12-31	$232.97M	1.61%
2011-12-31	$229.27M	-2.10%
2010-12-31	$234.19M	9.57%
2009-12-31	$213.74M	-1.12%
2008-12-31	$216.16M	14.05%
2007-12-31	$189.53M	3.56%
2006-12-31	$183.02M	9.62%
2005-12-31	$166.96M	3.43%
2004-12-31	$161.42M	-12.01%
2003-12-31	$183.45M	-4.36%
2002-12-31	$191.80M	-9.37%
2001-12-31	$211.62M	18.30%
2000-12-31	$178.88M	9.74%
1999-12-31	$163.00M	12.10%
1998-12-31	$145.40M	19.47%
1997-12-31	$121.70M	20.61%
1996-12-31	$100.90M	12.49%
1995-12-31	$89.70M	11.99%
1994-12-31	$80.10M	8.54%
1993-12-31	$73.80M	-

1st Source generated $507.53M in revenue during NA 2023, up 43.07% compared to the previous quarter, and up 163.22% compared to the same period a year ago.

1st Source Revenue by Quarter

Date	Revenue	Change
2024-09-30	$123.23M	-14.01%
2024-06-30	$143.30M	3.77%
2024-03-31	$138.10M	2.56%
2023-12-31	$134.65M	43.71%
2023-09-30	$93.69M	2.64%
2023-06-30	$91.28M	-1.73%
2023-03-31	$92.89M	-1.95%
2022-12-31	$94.73M	4.17%
2022-09-30	$90.94M	5.39%
2022-06-30	$86.29M	4.26%
2022-03-31	$82.76M	-1.35%
2021-12-31	$83.89M	-4.36%
2021-09-30	$87.72M	7.20%
2021-06-30	$81.83M	-1.74%
2021-03-31	$83.28M	-5.46%
2020-12-31	$88.09M	6.25%
2020-09-30	$82.91M	4.63%
2020-06-30	$79.24M	-0.28%
2020-03-31	$79.47M	-1.74%
2019-12-31	$80.87M	-2.52%
2019-09-30	$82.96M	1.06%
2019-06-30	$82.09M	3.82%
2019-03-31	$79.07M	-1.16%
2018-12-31	$80.00M	2.02%
2018-09-30	$78.42M	0.29%
2018-06-30	$78.19M	5.18%
2018-03-31	$74.34M	-0.20%
2017-12-31	$74.48M	2.29%
2017-09-30	$72.82M	4.03%
2017-06-30	$70.00M	4.42%
2017-03-31	$67.03M	1.97%
2016-12-31	$65.74M	0.58%
2016-09-30	$65.36M	1.19%
2016-06-30	$64.59M	2.66%
2016-03-31	$62.92M	-1.87%
2015-12-31	$64.11M	1.22%
2015-09-30	$63.34M	0.23%
2015-06-30	$63.20M	6.77%
2015-03-31	$59.19M	-2.52%
2014-12-31	$60.72M	1.02%
2014-09-30	$60.10M	1.21%
2014-06-30	$59.38M	2.36%
2014-03-31	$58.02M	1.75%
2013-12-31	$57.02M	-7.01%
2013-09-30	$61.32M	3.94%
2013-06-30	$58.99M	4.04%
2013-03-31	$56.70M	-4.03%
2012-12-31	$59.08M	1.50%
2012-09-30	$58.21M	0.77%
2012-06-30	$57.77M	-0.25%
2012-03-31	$57.91M	0.54%
2011-12-31	$57.59M	1.30%
2011-09-30	$56.86M	-3.65%
2011-06-30	$59.01M	5.72%
2011-03-31	$55.81M	-9.36%
2010-12-31	$61.58M	2.74%
2010-09-30	$59.94M	5.42%
2010-06-30	$56.85M	1.84%
2010-03-31	$55.82M	0.49%
2009-12-31	$55.55M	6.21%
2009-09-30	$52.30M	-4.24%
2009-06-30	$54.62M	6.53%
2009-03-31	$51.27M	-19.35%
2008-12-31	$63.57M	38.87%
2008-09-30	$45.78M	-14.42%
2008-06-30	$53.49M	0.31%
2008-03-31	$53.32M	10.55%
2007-12-31	$48.23M	-

1st Source generated $123.23M in revenue during Q3 2024, up -14.01% compared to the previous quarter, and up 134.99% compared to the same period a year ago.

1st Source Revenue Breakdown

1st Source Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Fiduciary and Trust	$23.71M	$23.11M	$23.78M	$21.11M	$20.69M
Debit Card	$17.98M	$18.05M	$18.13M	$14.98M	$14.21M
Deposit Account	$12.75M	$12.15M	$10.59M	$9.48M	$11.01M

1st Source's latest annual revenue breakdown by segment (product or service), as of Dec 23: Fiduciary and Trust (43.55%), Debit Card (33.03%), and Deposit Account (23.42%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Deposit Account	$3.28M	$3.20M	$3.33M	$3.30M	$3.12M	$3.00M	$3.17M	$3.24M	$2.94M	$2.79M	$2.87M	$2.77M	$2.51M	$2.45M	$2.63M	$2.34M	$1.91M	$2.60M	$2.83M	$2.89M
Fiduciary and Trust	$6.52M	$7.08M	$5.91M	$5.65M	$6.47M	$5.68M	$5.61M	$5.50M	$6.09M	$5.91M	$5.95M	$5.89M	$6.47M	$5.48M	$5.52M	$5.15M	$5.59M	$4.85M	$5.27M	$4.98M
Debit Card	$4.60M	$4.56M	$4.39M	$4.38M	$4.70M	$4.51M	$4.67M	$4.63M	$4.56M	$4.19M	$4.62M	$4.57M	$4.75M	$4.18M	$3.99M	$4.02M	$3.60M	$3.37M	$3.59M	$3.73M

1st Source's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Fiduciary and Trust (45.30%), Debit Card (31.93%), and Deposit Account (22.77%).

1st Source Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
SRCE	1st Source	$507.53M	$123.23M
HFWA	Heritage Financial	$303.13M	$81.65M
CIVB	Civista Bancshares	$219.90M	$61.14M
FSBW	FS Bancorp	$187.78M	$47.04M
HTBI	HomeTrust Bancshares	$186.37M	$-145.70M
WSBF	Waterstone Financial	$180.39M	$51.74M
LBC	Luther Burbank	$178.91M	$20.59M
HBCP	Home Bancorp	$178.87M	$51.02M
CHMG	Chemung Financial	$137.52M	$21.28M
OBT	Orange County Bancorp	$131.19M	$35.61M
BSVN	Bank7	$130.79M	$37.16M
COFS	ChoiceOne Financial Services	$114.13M	$36.28M
FNWB	First Northwest Bancorp	$104.92M	$28.21M
PWOD	Penns Woods Bancorp	$99.97M	$28.69M
CBFV	CB Financial Services	$61.76M	$20.87M
CWBC	Community West Bancshares	$61.39M	$27.26M
GSBC	Great Southern Bancorp	$46.29M	$91.36M
LSBK	Lake Shore Bancorp	$36.39M	$9.64M
FCCO	First Community	$10.42M	$26.72M

SRCE Revenue FAQ

What is 1st Source’s yearly revenue?

1st Source's yearly revenue for 2023 was $507.53M, representing an increase of 43.07% compared to 2022. The company's yearly revenue for 2022 was $354.73M, representing an increase of 5.35% compared to 2021. SRCE's yearly revenue for 2021 was $336.73M, representing an increase of 2.13% compared to 2020.

What is 1st Source’s quarterly revenue?

1st Source's quarterly revenue for Q3 2024 was $123.23M, a -14.01% decrease from the previous quarter (Q2 2024), and a 31.53% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $143.3M, a 3.77% increase from the previous quarter (Q1 2024), and a 56.98% increase year-over-year (Q2 2023). SRCE's quarterly revenue for Q1 2024 was $138.1M, a 2.56% increase from the previous quarter (Q4 2023), and a 48.67% increase year-over-year (Q1 2023).

What is 1st Source’s revenue growth rate?

1st Source's revenue growth rate for the last 3 years (2021-2023) was 50.72%, and for the last 5 years (2019-2023) was 56.16%.

What are 1st Source’s revenue streams?

1st Source's revenue streams in c 23 are Fiduciary and Trust, Debit Card, and Deposit Account. Fiduciary and Trust generated $23.71M in revenue, accounting 43.55% of the company's total revenue, up 2.59% year-over-year. Debit Card generated $17.98M in revenue, accounting 33.03% of the company's total revenue, down -0.40% year-over-year. Deposit Account generated $12.75M in revenue, accounting 23.42% of the company's total revenue, up 4.96% year-over-year.

What is 1st Source’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of 1st Source was Fiduciary and Trust. This segment made a revenue of $23.71M, representing 43.55% of the company's total revenue.