1st Source Revenue, Profits - SRCE Annual Income Statement

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$52.89 $0.86 (1.65%) SRCE stock closing price Apr 20, 2018 (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 gives the investor an understanding of the topline or revenue and bottomline or profit numbers of the company and helps investors evaluate if a company has been growing or not. The income statement for SRCE which shows a YOY revenue growth of 10.83% is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Revenue for year 2017 is $311.09M and has increased from $280.7M 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. Also see 1st Source assets and 1st Source free cash flow for a complete valuation of SRCE stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
1st Source Revenues or Net Sales
311.09M280.7M268M256.44M256.79M263.27M268.39M287.31M285.94M319.31M
Cost Of Goods Sold (COGS)19.2M15.26M11.48M11.35M16.6M21.87M30.76M44.6M63.52M86.9M
1st Source Gross Profit
291.88M265.43M256.51M245.08M240.19M241.4M237.63M242.71M222.42M232.4M
Research & Development Expense----------
Selling General & Admin Expense157.76M147.8M142.99M139.88M137.03M142.08M136.83M152.99M161.7M150.31M
Income Before Depreciation Depletion Amortization134.12M117.63M113.51M105.2M103.16M99.31M100.8M89.71M60.71M82.09M
Depreciation Depletion Amortization25.21M21.67M18.28M13.89M13.05M15.2M18.65M20.71M20.51M19.45M
Non Operating Income----------
Interest Expense7.55M6.83M6.67M6.86M6.16M8.43M8.36M8.52M8.67M16.24M
1st Source Pretax Income
101.36M89.12M88.56M84.44M83.94M75.68M73.78M60.47M31.51M46.4M
Provision for Income Taxes33.3M31.34M31.07M26.37M28.98M26.04M25.59M19.23M6.02M13.01M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations68.05M57.78M57.48M58.06M54.95M49.63M48.19M41.24M25.49M33.38M
Extraordinary Items & Discontinued Operations----------
1st Source Profit/ Loss (Net Income)
68.05M57.78M57.48M58.06M54.95M49.63M48.19M41.24M25.49M33.38M
Average Shares used to compute Diluted EPS25.93M25.88M26.17M26.44M26.78M26.71M26.67M26.66M26.58M26.83M
Average Shares used to compute Basic EPS25.93M25.88M26.17M26.44M26.78M26.69M26.66M26.66M26.57M26.52M
Income Before Nonrecurring Items65.44M57.79M57.49M58.07M54.96M49.63M48.2M41.24M25.49M38.98M
Income from Nonrecurring Items2.61M---------5.59M
1st Source Earnings Per Share Basic Net
2.602.222.172.172.031.841.781.100.721.26
1st Source Earnings Per Share Diluted Net
2.6M2.22M2.17M2.17M2.03M1.84M1.78M1.1M-1.25M
EPS Diluted Before Nonrecurring Items2.502.222.172.172.031.841.781.100.721.45
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.760.720.670.650.620.600.580.550.540.53
All figures in USD. M: Millions of USD, B: Billions of USD.
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1st Source stock analysis involves checking at least a few of the important things like:

  • 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 $311.09M for 2017 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 $68.05M for SRCE stock. An improving bottomline implies that the company is growing its profits.

The income statement is also called statement of revenue and expense. The SRCE financials along with 1st Source historical stock prices provide a lot of details about the firm.

1st Source Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
20.26
PS Ratio (price sales ratio)
4.41
Operating Margin
32.7
Net Profit Margin
23
Dividend Yield
1.44%