1st Source Annual Income Statement (NASDAQ:SRCE)

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$34.61 $0.63 (1.85%) SRCE stock closing price Oct 24, 2016 (Closing)

Looking at financial statements, along with the 1st Source stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $256.44M to $268M and how operating and non operating activities have impacted the SRCE stock. The 1st Source profit and loss statement for 2015 shows a profit of $57.48M. Profits have reduced from $58.06M YoY. Apart from this an investor should also check 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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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
1st Source Net Sales or Revenues
Cost Of Goods Sold (COGS)11.48M11.35M16.6M21.87M30.76M44.6M63.52M86.9M115.11M85.06M
1st Source Gross Profit
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
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)
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
1st Source Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items2.
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.

Before investing one should read a report on 1st Source stock analysis. It helps to look at the following income statement items:
  • 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 word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. SRCE stock had a healthy bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the 1st Source historical stock prices to check how the price has moved with time. .

1st Source Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield