1st Source Revenue, Profits - SRCE Quarterly Income Statement

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$57.46 $2.21 (4%) SRCE stock closing price Jul 20, 2018 (Closing)

Fundamental analysis of SRCE stock involves analyzing its financial statements, apart from checking the 1st Source stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 81.86M to 83.05M and how operating and non operating activities have impacted the SRCE stock. One also needs to look at 1st Source assets, operating expenses and 1st Source free cash flow. The 1st Source profit and loss statement shows revenue of $83.05M for 2018 Q1. Revenue has grown by 1.45% QoQ for SRCE stock.

View and download details of revenue and profits for 1st Source for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
1st Source Revenues or Net Sales
83.05M81.86M80.02M76.53M72.68M71.08M70.97M70.23M68.43M68.92M
Cost Of Goods Sold (COGS)6.56M5.78M5.18M4.51M3.73M3.83M3.87M3.79M3.77M3.23M
1st Source Gross Profit
76.48M76.09M74.83M72.02M68.94M67.26M67.08M66.44M64.65M65.72M
Research & Development Expense----------
Selling General & Admin Expense42.91M44.28M39.51M37.54M36.43M36.96M37.64M36.63M36.57M36.81M
Income Before Depreciation Depletion Amortization33.56M31.83M35.32M34.47M32.5M30.32M29.44M29.8M28.07M28.9M
Depreciation Depletion Amortization6.42M6.68M6.56M6.29M5.68M5.56M5.57M5.44M5.1M4.96M
Non Operating Income----------
Interest Expense2.14M1.61M2.01M2.02M1.91M1.53M1.72M1.85M1.73M1.6M
1st Source Pretax Income
24.99M23.56M26.74M26.15M24.91M23.25M22.14M22.5M21.23M22.38M
Provision for Income Taxes5.88M5.57M9.55M9.48M8.7M8.03M7.88M8.02M7.41M7.96M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations19.12M17.99M17.18M16.67M16.21M15.23M14.26M14.48M13.82M14.42M
Extraordinary Items & Discontinued Operations----------
1st Source Profit/ Loss (Net Income)
19.12M17.99M17.18M16.67M16.21M15.23M14.26M14.48M13.82M14.42M
Average Shares used to compute Diluted EPS25.95M25.94M25.94M25.93M25.9M25.87M25.87M25.85M25.92M26.06M
Average Shares used to compute Basic EPS25.95M25.94M25.94M25.93M25.9M25.87M25.87M25.85M25.92M26.06M
Income Before Nonrecurring Items19.12M15.38M17.18M16.67M16.21M15.23M14.26M14.48M13.82M14.42M
Income from Nonrecurring Items-2.61M--------
1st Source Earnings Per Share Basic Net
0.730.690.660.640.620.580.550.560.530.55
1st Source Earnings Per Share Diluted Net
0.730.690.660.640.620.580.550.560.530.55
EPS Diluted Before Nonrecurring Items0.730.590.660.640.620.580.550.560.530.55
Preferred Dividends Acc Pd----------
Dividends Common5.715.19--------
Dividend Per Share Common0.220.200.190.190.180.180.180.180.180.18
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:

  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ growth - See: 1st Source revenue chart, implies that the company is growing. It has been the case with 1st Source. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like 1st Source try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

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)
20.22
PS Ratio (price sales ratio)
4.44
Operating Margin
32.7
Net Profit Margin
23
Dividend Yield
1.45%