Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
1st Source's Business Segments
1st Source's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
3
Largest Segment
Fiduciary and Trust
Total Revenue
$ 117
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Fiduciary and Trust13.5%
- Debit Card7.8%
- Deposit Account5.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Fiduciary and Trust | $ 16 | 13.5% |
| Debit Card | $ 9 | 7.8% |
| Deposit Account | $ 7 | 5.8% |
Annual Results
Revenue Share by Reportable Segment - FY
- Fiduciary and Trust13.5%
- Debit Card7.8%
- Deposit Account5.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Fiduciary and Trust | $ 16 | 13.5% |
| Debit Card | $ 9 | 7.8% |
| Deposit Account | $ 7 | 5.8% |
Description of 1st Source
1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank
holding company headquartered in South Bend, Indiana that provides, through its
subsidiaries, a broad array of financial products and services. 1st Source Bank
(“Bank”), its banking subsidiary, offers commercial and consumer banking
services, trust and investment management services, and insurance to individual
and business clients through most of our 81 banking center locations in 17 counties
in Indiana and Michigan. 1st Source Bank’s Specialty Finance Group, with
22 locations nationwide, offers specialized financing services for new and used
private and cargo aircraft, automobiles and light trucks for leasing and rental
agencies, medium and heavy duty trucks and construction equipment. While our lending
portfolio is concentrated in certain equipment types, we serve a diverse client
base. We are not dependent upon any single industry or client.
1st Source Corporation, a multifaceted financial service provider, offers a comprehensive range of banking and financial products tailored to meet the diverse needs of its commercial and consumer clients. The organization encompasses various segments, each specializing in unique products and services designed to facilitate financial growth and stability.
Commercial, Agricultural, and Real Estate Loans
1st Source Bank specializes in providing loans to a wide spectrum of commercial clients, including small businesses and agricultural enterprises, primarily in the regional market area. The types of financing options available include:
- Commercial Loans: These are designed for various corporate purposes such as working capital, inventory financing, equipment purchases, and operational expenses. Loans can be tailored for specific needs, ensuring businesses can access the necessary capital.
- Agricultural Loans: Aimed at farmers and agricultural producers, these loans provide financial support for equipment, land acquisition, operational expenses, and crop production.
- Real Estate Loans: These loans facilitate the purchase and refinancing of commercial properties, including office buildings, retail spaces, and industrial facilities. Investors and businesses can secure funding for both acquisition and development.
- Leasing Solutions: The bank offers commercial leasing services that allow businesses to acquire equipment without the hefty upfront costs associated with buying.
- Treasury Management Services: Essential for businesses looking to optimize their cash flow, these services include tools for managing receivables, payables, and other treasury functions.
- Retirement Planning Services: Through consultations and investment strategies, clients can prepare for retirement with well-structured financial planning.
Consumer Services
1st Source Corporation caters to individual clients by providing a comprehensive suite of consumer banking products including:
- Banking Accounts: This includes traditional checking and savings accounts, as well as certificates of deposit (CDs) and Individual Retirement Accounts (IRAs) to support saving and investment habits.
- Online and Mobile Banking: Customers have access to a user-friendly digital banking platform that includes essential services such as bill payment, balance inquiries, and fund transfers, enhancing convenience.
- Automated Teller Machines (ATMs): A strategically located network of ATMs enables easy access to cash and supports the banks debit and credit card offerings.
- Consumer Loans: Offering personal loans, auto loans, real estate loans, and lines of credit to help individuals meet their financial needs.
- Financial Planning Services: 1st Source Bank also empowers customers through financial literacy programs, tailored financial advice, and planning services to ensure they achieve their financial goals.
Trust Services
1st Source Bank provides a robust range of trust and investment services, which include:
- Estate Administration: Management of estates and personal trust accounts, ensuring beneficiaries receive their assets in accordance with the deceaseds wishes.
- Investment Account Management: Tailored investment strategies for individuals, companies, and nonprofit organizations to maximize returns while managing risk.
- Employee Benefit Plans: Management of retirement and benefit plans for businesses, ensuring compliance and optimizing employee benefits.
- Charitable Foundations: Trust services for charitable organizations, helping them achieve their philanthropic goals in a structured manner.
Specialty Finance Group Services
The Specialty Finance Group of 1st Source Bank is dedicated to providing financing solutions for a diverse set of industries, divided into several key areas:
- Aircraft Financing: This division offers financing for the purchase of new and used general aviation aircraft, including helicopters. Clients range from private individuals to corporate operators, with financing solutions typically between $500,000 and $25 million.
- Auto and Light Truck Financing: Specialized in fleet financing for rental and leasing companies, this segment provides funding for various vehicles, including specialty vehicles like motor coaches and shuttle buses. Typically, the financing amounts vary from $100,000 to $20 million.
- Construction Equipment Financing: This service offers competitive loan and lease options for construction firms seeking to acquire equipment essential for their operations.
- Medium and Heavy Duty Truck Financing: Support for businesses in logistics and freight transport by providing funding for larger vehicles necessary for these operations.
Overall, 1st Source Corporation stands as a comprehensive financial service provider, adept at addressing a variety of banking and lending needs across both commercial and consumer markets. Their extensive offerings, coupled with a focus on tailored solutions, position them as a valuable partner in financial management and growth.
,
Commercial, Agricultural, and Real Estate Loans
1st Source Bank specializes in providing loans to a wide spectrum of commercial clients, including small businesses and agricultural enterprises, primarily in the regional market area. The types of financing options available include:
- Commercial Loans: These are designed for various corporate purposes such as working capital, inventory financing, equipment purchases, and operational expenses. Loans can be tailored for specific needs, ensuring businesses can access the necessary capital.
- Agricultural Loans: Aimed at farmers and agricultural producers, these loans provide financial support for equipment, land acquisition, operational expenses, and crop production.
- Real Estate Loans: These loans facilitate the purchase and refinancing of commercial properties, including office buildings, retail spaces, and industrial facilities. Investors and businesses can secure funding for both acquisition and development.
- Leasing Solutions: The bank offers commercial leasing services that allow businesses to acquire equipment without the hefty upfront costs associated with buying.
- Treasury Management Services: Essential for businesses looking to optimize their cash flow, these services include tools for managing receivables, payables, and other treasury functions.
- Retirement Planning Services: Through consultations and investment strategies, clients can prepare for retirement with well-structured financial planning.
Consumer Services
1st Source Corporation caters to individual clients by providing a comprehensive suite of consumer banking products including:
- Banking Accounts: This includes traditional checking and savings accounts, as well as certificates of deposit (CDs) and Individual Retirement Accounts (IRAs) to support saving and investment habits.
- Online and Mobile Banking: Customers have access to a user-friendly digital banking platform that includes essential services such as bill payment, balance inquiries, and fund transfers, enhancing convenience.
- Automated Teller Machines (ATMs): A strategically located network of ATMs enables easy access to cash and supports the banks debit and credit card offerings.
- Consumer Loans: Offering personal loans, auto loans, real estate loans, and lines of credit to help individuals meet their financial needs.
- Financial Planning Services: 1st Source Bank also empowers customers through financial literacy programs, tailored financial advice, and planning services to ensure they achieve their financial goals.
Trust Services
1st Source Bank provides a robust range of trust and investment services, which include:
- Estate Administration: Management of estates and personal trust accounts, ensuring beneficiaries receive their assets in accordance with the deceaseds wishes.
- Investment Account Management: Tailored investment strategies for individuals, companies, and nonprofit organizations to maximize returns while managing risk.
- Employee Benefit Plans: Management of retirement and benefit plans for businesses, ensuring compliance and optimizing employee benefits.
- Charitable Foundations: Trust services for charitable organizations, helping them achieve their philanthropic goals in a structured manner.
Specialty Finance Group Services
The Specialty Finance Group of 1st Source Bank is dedicated to providing financing solutions for a diverse set of industries, divided into several key areas:
- Aircraft Financing: This division offers financing for the purchase of new and used general aviation aircraft, including helicopters. Clients range from private individuals to corporate operators, with financing solutions typically between $500,000 and $25 million.
- Auto and Light Truck Financing: Specialized in fleet financing for rental and leasing companies, this segment provides funding for various vehicles, including specialty vehicles like motor coaches and shuttle buses. Typically, the financing amounts vary from $100,000 to $20 million.
- Construction Equipment Financing: This service offers competitive loan and lease options for construction firms seeking to acquire equipment essential for their operations.
- Medium and Heavy Duty Truck Financing: Support for businesses in logistics and freight transport by providing funding for larger vehicles necessary for these operations.
Overall, 1st Source Corporation stands as a comprehensive financial service provider, adept at addressing a variety of banking and lending needs across both commercial and consumer markets. Their extensive offerings, coupled with a focus on tailored solutions, position them as a valuable partner in financial management and growth.
,