1st Source Annual Income Statement (NASDAQ:SRCE)

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$41.19 $0.32 (0.78%) SRCE stock closing price Dec 07, 2016 (Closing)

Financial analysis of 1st Source involves more than just checking the 1st Source stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is generated for a specific period of time. The revenue increase of $268M for 2015 impacts the SRCE stock. Investors typically check year over year or quarter over quarter revenue growth. 2015 revenue is $268M and has increased from $256.44M year on year as is evident when you compare the latest figures in the latest 1st Source profit and loss statement with those of the prior corresponding period. (See also:1st Source assets and 1st Source free cash flow) 1st Source revenue for 2015 is $268M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
1st Source Net Sales or Revenues
268M256.44M256.79M263.27M268.39M287.31M285.94M319.31M324.2M285.57M
Cost Of Goods Sold (COGS)11.48M11.35M16.6M21.87M30.76M44.6M63.52M86.9M115.11M85.06M
1st Source Gross Profit
256.51M245.08M240.19M241.4M237.63M242.71M222.42M232.4M209.09M200.51M
Research & Development Expense----------
Selling General & Admin Expense142.99M139.88M137.03M142.08M136.83M152.99M161.7M150.31M130.76M123.47M
Income Before Depreciation Depletion Amortization113.51M105.2M103.16M99.31M100.8M89.71M60.71M82.09M78.33M77.03M
Depreciation Depletion Amortization18.28M13.89M13.05M15.2M18.65M20.71M20.51M19.45M17.08M-
Non Operating Income----------
Interest Expense6.67M6.86M6.16M8.43M8.36M8.52M8.67M16.24M19.56M17.49M
1st Source Pretax Income
88.56M84.44M83.94M75.68M73.78M60.47M31.51M46.4M41.68M59.54M
Provision for Income Taxes31.07M26.37M28.98M26.04M25.59M19.23M6.02M13.01M11.14M20.24M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations57.48M58.06M54.95M49.63M48.19M41.24M25.49M33.38M30.53M39.29M
Extraordinary Items & Discontinued Operations----------
1st Source Net Income (Profit/Loss)
57.48M58.06M54.95M49.63M48.19M41.24M25.49M33.38M30.53M39.29M
Average Shares used to compute Diluted EPS26.17M26.44M26.78M26.71M26.67M26.66M26.58M26.83M25.84M25.11M
Average Shares used to compute Basic EPS26.17M26.44M26.78M26.69M26.66M26.66M26.57M26.52M25.84M24.79M
Income Before Nonrecurring Items57.49M58.07M54.96M49.63M48.2M41.24M25.49M38.98M30.54M39.3M
Income from Nonrecurring Items--------5.59M--
1st Source Earnings Per Share Basic Net
2.172.172.031.841.781.100.721.261.181.58
1st Source Earnings Per Share Diluted Net
2.172.172.031.841.781.100.721.251.161.56
EPS Diluted Before Nonrecurring Items2.172.172.031.841.781.100.721.451.161.56
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.670.650.620.600.580.550.540.530.510.49
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on 1st Source stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that SRCE stock has a topline or revenue of $268M for 2015 as per this 1st Source revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $268M - other expenses = $57.48M for SRCE stock. An improving bottomline implies that the company is growing profits.
The income statement is also called statement of revenue and expense. The financials along with 1st Source historical stock prices provides a lot of details about the firm. .

1st Source Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
18.8080
PS ratio (
price sales ratio
)
3.8255
Operating margin
33.6
Net profit margin
20.1
Dividend yield
1.75%