Corporación 1st Source (SRCE): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de 1st Source Corporation (SRCE), una potencia bancaria regional que transforma los servicios financieros tradicionales a través de un modelo de negocio meticulosamente elaborado. Este lienzo integral revela cómo el banco aprovecha las relaciones locales, las plataformas digitales de vanguardia y un enfoque centrado en la comunidad para ofrecer experiencias bancarias personalizadas en Indiana y las regiones circundantes. Desde pequeñas empresas hasta individuos de alto nivel de red, 1st Source Corporation ha diseñado una estrategia dinámica que equilibra la innovación tecnológica con conexiones comunitarias profundas, creando una propuesta de valor única en el panorama competitivo de los servicios financieros.

1st Source Corporation (SRCE) - Modelo de negocios: asociaciones clave

Asociaciones bancarias locales y regionales

1st Source Corporation mantiene asociaciones estratégicas con múltiples instituciones financieras regionales:

Tipo de socio	Número de asociaciones	Cobertura geográfica
Bancos comunitarios	12	Indiana, Illinois, Michigan
Uniones de crédito regionales	8	Región del medio oeste

Colaboraciones de proveedores de tecnología

Las asociaciones de la plataforma de banca digital incluyen:

• Soluciones de banca digital Fiserv
• Jack Henry & Tecnología bancaria central asociada
• Infraestructura en la nube de Microsoft Azure

Asociaciones de la compañía de seguros

Socio	Tipo de producto	Ingresos colaborativos anuales
Chubb Limited	Seguro comercial	$ 4.2 millones
El Hartford	Protección comercial	$ 3.7 millones

Redes de inversión y gestión de patrimonio

Detalles clave de la asociación de inversión:

• Servicios financieros de Raymond James
• LPL Financial Holdings
• Activos totales administrados a través de asociaciones: $ 1.8 mil millones

Colaboraciones de desarrollo económico comunitario

Organización	Área de enfoque	Inversión anual
Corporación de Desarrollo Económico de Indiana	Soporte de pequeñas empresas	$ 2.5 millones
Cámara de Comercio de South Bend	Desarrollo empresarial local	$ 1.2 millones

1st Source Corporation (SRCE) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir de 2024, 1st Source Corporation proporciona servicios bancarios integrales con activos totales de $ 19.1 mil millones y depósitos totales de $ 15.8 mil millones.

Categoría de servicio bancario	Volumen total
Préstamos bancarios comerciales	$ 8.3 mil millones
Cuentas bancarias personales	237,000 cuentas activas
Clientes de banca de negocios	42,500 clientes comerciales

Aviso de gestión de patrimonio e inversiones

La primera fuente de gestión de patrimonio supervisa $ 6.2 mil millones En los activos del cliente.

• Carteras de inversión administradas: $ 4.7 mil millones
• Servicios de planificación de jubilación: 32,000 clientes activos
• Profesionales de asesoramiento financiero: 87 asesores certificados

Originación de préstamo y suscripción de crédito

Categoría de préstamo	Volumen total	Tasa de aprobación promedio
Préstamos comerciales	$ 5.6 mil millones	78%
Préstamos personales	$ 1.2 mil millones	82%

Gestión de la plataforma de banca digital

Proceso de plataformas de banca digital 3.2 millones de transacciones mensuales.

• Usuarios de banca móvil: 186,000
• Penetración bancaria en línea: 67% de la base de clientes
• Volumen anual de transacción digital: 38.4 millones

Evaluación de riesgos y consultoría financiera

Métrica de gestión de riesgos	Valor
Ratio de préstamo sin rendimiento	1.3%
Tamaño del equipo de mitigación de riesgos	42 profesionales especializados
Entrenamientos anuales de consultoría de riesgos	1,200 interacciones del cliente

1st Source Corporation (SRCE) - Modelo de negocio: recursos clave

Red bancaria regional

1st Source Corporation opera una red de 115 oficinas bancarias en Indiana, Michigan, Illinois y Ohio a partir de 2023.

Estado	Número de oficinas bancarias
Indiana	86
Michigan	12
Illinois	10
Ohio	7

Profesionales financieros

Al 31 de diciembre de 2023, la primera Corporación de Source empleaba 1.664 miembros del personal equivalente a tiempo completo.

Tecnología de banca digital

• Plataforma bancaria en línea
• Aplicación de banca móvil
• Sistemas de procesamiento de transacciones digitales
• Infraestructura de ciberseguridad

Cartera de productos financieros

Categoría de productos	Activos/volumen total
Préstamos comerciales	$ 4.2 mil millones
Préstamos al consumo	$ 1.8 mil millones
Préstamos hipotecarios	$ 1.1 mil millones
Depósitos totales	$ 8.4 mil millones

Sistemas de gestión de riesgos

Reservas totales de gestión de riesgos: $ 127 millones a partir del cuarto trimestre de 2023.

1st Source Corporation (SRCE) - Modelo de negocio: propuestas de valor

Soluciones bancarias personalizadas para empresas e individuos

A partir del cuarto trimestre de 2023, 1st Source Corporation reportó activos totales de $ 19.1 mil millones, con un enfoque en soluciones bancarias a medida. La cartera de préstamos comerciales del banco alcanzó los $ 6.3 mil millones, demostrando fuertes capacidades de banca comercial.

Segmento bancario	Valor total de la cartera	Tamaño promedio del préstamo
Préstamo comercial	$ 6.3 mil millones	$ 1.2 millones
Banca personal	$ 4.7 mil millones	$285,000

Servicios financieros integrales en una plataforma

La primera fuente ofrece una amplia gama de servicios financieros en múltiples segmentos:

• Banca comercial
• Banca personal
• Gestión de patrimonio
• Servicios de seguro
• Soluciones de banca digital

Toma de decisiones locales con enfoque centrado en la comunidad

Con sede en South Bend, Indiana, la primera fuente opera 125 oficinas bancarias principalmente en Indiana y Michigan, con un fuerte énfasis en la participación de la comunidad local.

Tasas de interés competitivas y ofertas de productos financieros

Tipo de producto	Rango de tasas de interés	Competitividad del mercado
Cuentas de ahorro personal	2.50% - 4.25%	Por encima del promedio regional
Préstamos comerciales	6.75% - 9.50%	Tasas de mercado competitivas

Experiencias bancarias digitales y tradicionales integradas

Métricas de banca digital para la primera fuente a partir de 2023:

• Usuarios de banca móvil: 185,000
• Volumen de transacción en línea: 3.2 millones mensuales
• Tasa de adopción de banca digital: 68%

1st Source Corporation (SRCE) - Modelo de negocios: relaciones con los clientes

Modelo de banca de relación personalizada

1st Source Corporation mantiene un enfoque bancario personalizado con 370 gerentes de relaciones a tiempo completo en su red. El banco atiende a aproximadamente 55,000 clientes de banca comercial y personal a partir de 2023.

Segmento de clientes	Número de clientes	Valor de relación promedio
Banca de negocios	22,500	$487,000
Banca personal	32,500	$156,000

Gerentes de relaciones dedicadas para clientes comerciales

1st Source ofrece una gestión especializada de relaciones con 185 profesionales de banca comercial dedicados. El tamaño promedio de la cartera por gerente de relaciones es de 122 clientes comerciales.

• Gerentes de relaciones dedicadas con experiencia en la industria promedio de 12 años
• Soluciones financieras personalizadas para cada cliente comercial
• Reuniones trimestrales de revisión financiera estratégica

Plataformas de banca de autoservicio digital

Las plataformas de banca digital admiten el 87% de las transacciones de los clientes con 248,000 usuarios de banca digital activo en 2023.

Plataforma digital	Usuarios activos mensuales	Volumen de transacción
Banca móvil	186,000	2.4 millones de transacciones mensuales
Banca en línea	62,000	1.1 millones de transacciones mensuales

Consultas de asesoramiento financiero regular

La primera fuente realiza 14,500 consultas de asesoramiento financiero anualmente, con una duración de consulta promedio de 67 minutos.

Estrategias proactivas de comunicación del cliente

El banco implementa estrategias de comunicación multicanal con una calificación de satisfacción del cliente del 92% en 2023.

• Comunicaciones por correo electrónico: 1.2 millones de puntos de contacto anuales
• Interacciones telefónicas: 378,000 llamadas de servicio al cliente
• Notificaciones digitales: 4.6 millones de comunicaciones digitales anuales

1st Source Corporation (SRCE) - Modelo de negocios: canales

Red de sucursales físicas

A partir de 2024, 1st Source Corporation mantiene 102 ubicaciones de ramas físicas Principalmente concentrado en Indiana y los estados del medio oeste circundantes.

Estado	Número de ramas
Indiana	78
Michigan	12
Illinois	8
Ohio	4

Sitio web de banca en línea

La plataforma digital del banco sirve Aproximadamente 145,000 usuarios de banca en línea activa.

• Las características del sitio web incluyen administración de cuentas
• Servicios de pago de facturas
• Transferencias de fondos
• Acceso a la declaración digital

Aplicación de banca móvil

La aplicación de banca móvil de primera fuente tiene 92,000 usuarios móviles activos A partir del cuarto trimestre 2023.

Plataforma	Descargar estadísticas
Tienda de aplicaciones de iOS	48,500 descargas
Google Play Store	43,500 descargas

Red de cajeros automáticos

La corporación opera 73 cajeros automáticos de propiedad a través de sus regiones de servicio.

• Transacciones gratuitas para titulares de cuentas
• Disponibilidad 24/7
• Servicios de retiro de efectivo
• Balance de la funcionalidad de consulta

Centros de llamadas de servicio al cliente

La primera fuente mantiene 2 Centros de llamadas de servicio al cliente centralizados manejo aproximadamente 85,000 interacciones con el cliente mensualmente.

Ubicación del centro de llamadas	Llamadas diarias promedio
Fort Wayne, Indiana	2.500 llamadas
South Bend, Indiana	2.300 llamadas

1st Source Corporation (SRCE) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas

A partir del cuarto trimestre de 2023, 1st Source Corporation atiende a aproximadamente 12.500 clientes comerciales pequeños a medianos en Indiana y los estados del medio oeste circundantes.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
PYME de fabricación	3,750	$ 1.2 millones
Servicios profesionales	2,850	$850,000
Negocios minoristas	2,650	$625,000
Empresas tecnológicas	1,750	$ 1.5 millones

Empresas comerciales locales

1st Source Corporation mantiene relaciones con 3.200 clientes comerciales locales de empresas locales, con una cartera de préstamos comerciales totales de $ 1.8 mil millones al 31 de diciembre de 2023.

• Bienes inmuebles comerciales: 1.100 clientes
• Empresas de construcción: 650 clientes
• Proveedores de atención médica: 450 clientes
• Empresas de transporte: 350 clientes
• Empresas de hospitalidad: 250 clientes

Clientes de banca minorista individual

El banco atiende a 87,500 clientes de banca minorista individual en su red de 86 sucursales en Indiana y Michigan.

Tipo de cliente	Número de cuentas	Saldo de cuenta promedio
Cuentas corrientes	62,300	$15,750
Cuentas de ahorro	45,200	$22,500
Cuentas de inversión	18,900	$87,300

Individuos de alto nivel de red

1st Source Corporation gestiona la riqueza para 2.750 clientes individuales de alto valor de la red con activos totales bajo administración de $ 1.3 mil millones a partir de 2023.

• Clientes con $ 1-5 millones en activos: 1,850
• Clientes con $ 5-10 millones en activos: 650
• Clientes con más de $ 10 millones en activos: 250

Clientes de la comunidad agrícola y agrícola

El banco apoya a 3.100 clientes agrícolas con una cartera de préstamos agrícolas especializados de $ 450 millones.

Segmento agrícola	Número de clientes	Tamaño promedio del préstamo
Cultivo de cultivos	1,650	$275,000
Operaciones ganaderas	850	$425,000
Granjas lecheras	350	$650,000
Proveedores de agronegocios	250	$ 1.1 millones

1st Source Corporation (SRCE) - Modelo de negocio: Estructura de costos

Personal y compensación de empleados

A partir del informe anual de 2023, los gastos totales de personal de la Corporación de la Primera Source fueron de $ 260.4 millones. El desglose incluye:

Categoría de gastos	Cantidad
Salarios	$ 189.6 millones
Beneficios	$ 47.2 millones
Compensación basada en acciones	$ 23.6 millones

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para 2023 totalizaron $ 45.3 millones, lo que incluyó:

• Hardware de TI: $ 12.7 millones
• Licencias de software: $ 16.9 millones
• Sistemas de ciberseguridad: $ 8,4 millones
• Infraestructura de red: $ 7.3 millones

Gastos operativos de la red de sucursales

Los costos operativos de la sucursal para 2023 fueron de $ 87.6 millones, que comprenden:

Tipo de gasto	Cantidad
Alquiler de la instalación	$ 36.2 millones
Utilidades	$ 15.4 millones
Mantenimiento	$ 22.8 millones
Equipo	$ 13.2 millones

Costos de cumplimiento regulatorio

Los gastos de cumplimiento regulatorio para 2023 ascendieron a $ 22.1 millones, que incluyen:

• Aviso legal: $ 8.7 millones
• Auditoría e informes: $ 6.5 millones
• Capacitación de cumplimiento: $ 4.2 millones
• Tarifas de presentación regulatoria: $ 2.7 millones

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2023 fueron de $ 18.9 millones, distribuidos de la siguiente manera:

Canal de marketing	Gasto
Marketing digital	$ 7.6 millones
Publicidad tradicional	$ 5.3 millones
Eventos de clientes	$ 3.2 millones
Materiales promocionales	$ 2.8 millones

1st Source Corporation (SRCE) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos e inversiones

Para el año fiscal 2023, la primera Corporación de Source informó ingresos por intereses netos de $ 344.1 millones.

Categoría de ingresos por intereses	Cantidad (en millones)
Préstamos	$312.5
Valores de inversión	$31.6

Cargos de servicio y tarifas de transacción

Los cargos de servicio y las tarifas de transacción generaron $ 73.2 millones en ingresos para el año 2023.

• Cargos de servicio de cuentas de depósito
• Tarifas de transacción de cajeros automáticos
• Tarifas de sobregiro

Tarifas de asesoramiento de gestión de patrimonio

Wealth Management Services contribuyó con $ 42.5 millones a los ingresos de la corporación en 2023.

Comisiones de productos de inversión

Las comisiones de productos de inversión totalizaron $ 28.7 millones para el año fiscal 2023.

Tipo de producto de inversión	Ingresos de la Comisión (en millones)
Fondos mutuos	$15.3
Productos de planificación de jubilación	$13.4

Ingresos de servicios de gestión del tesoro

Los Servicios de Gestión del Tesoro generaron $ 37.6 millones en ingresos para 2023.

• Servicios de gestión de efectivo
• Servicios comerciales
• Soluciones de pago corporativo

1st Source Corporation (SRCE) - Canvas Business Model: Value Propositions

You're looking at the core reasons clients choose 1st Source Corporation (SRCE) over the competition right now, late in 2025. It's a mix of old-school local touch and specialized national reach.

Highly personalized service and local decision-making for regional clients.

1st Source Corporation maintains a strong local focus, serving its primary market across northern Indiana and southwestern Michigan. This local presence is supported by a physical network designed for client access and relationship building.

• Operates 78 banking centers across its core region.
• Maintains 98 ATMs for client convenience.
• Wealth Advisory Services has nine Trust and Wealth Management locations.

Specialized, national-scale financing for complex assets like private aircraft.

For specialized needs, 1st Source Corporation's Specialty Finance Group offers national expertise. This is where they handle deals far outside the typical regional scope, like aviation financing.

Here's a quick look at the scale of their aviation financing value proposition:

Financing Metric	Value/Range
Typical Aircraft Finance Amounts	$500,000 to over $15,000,000
Total Aircraft Financed (Past 4 Years)	Over $2 Billion dollars

They focus on providing straight talk and sound advice, often with lenders who are pilots themselves, which helps simplify complex transactions.

Financial stability and conservative capital position (Tier 1 leverage ratio of 14.39% in Q2 2025).

Stability is a major draw, especially when the economy feels uncertain. 1st Source Corporation emphasizes its strong capital structure, which is well above regulatory minimums. This conservative stance is a core part of the value they offer clients looking for a secure place for their money.

The capital strength is quantified by these recent figures:

Capital/Stability Metric	As of Date	Value
Tier 1 Leverage Ratio	Q2 2025	14.39%
Common Equity Tier 1 Ratio	March 31, 2025	14.71%

Also, the bank has a history of rewarding stability, marking its 32nd consecutive year of dividend increases as of Q2 2025.

Comprehensive wealth management and trust services for high-net-worth clients.

For clients focused on legacy and asset preservation, the Wealth Advisory Services team provides deep expertise. They work to simplify and strengthen financial positions for high-net-worth individuals.

The scale of this trust is significant:

• Wealth Advisory Services is trusted to manage $5 billion in client assets.
• The team brings nearly 1,800 years of combined industry experience.

Convenience through a network of branches and a 69% mobile adoption rate (Q2 2025).

Even with the focus on personal service, 1st Source Corporation is clearly pushing digital convenience. They balance the physical footprint with modern digital access for everyday banking tasks.

The digital engagement level shows this commitment:

Digital Metric	Value
Mobile Adoption Rate	Q2 2025	69%

This high adoption rate means most of their clients are using their digital channels regularly, so you get the benefit of local expertise when you need a complex conversation, but speed for daily transactions.

1st Source Corporation (SRCE) - Canvas Business Model: Customer Relationships

You're looking at how 1st Source Corporation (SRCE) manages its connection with clients across its diverse business lines, which is heavily weighted toward local, high-touch service despite significant digital investment.

Dedicated, personal relationship managers for commercial and wealth clients.

The commitment to personalized service for higher-value clients is evident in their structure and recognition. 1st Source Corporation, which has roots dating back to 1863, emphasizes this continuity through specialized service points. The bank operates eight Wealth Advisory Services locations, supporting the advisory relationship aspect of their model. Furthermore, the organization's focus on high-value business relationships is underscored by its recognition, having won the Northwest Indiana Business Magazine's Best of Business award for Best Bank for Business and Best Wealth Management Advisory Firm in Michiana in 2024. The Specialty Finance Group, which serves clients nationwide, also highlights its long term relationship approach as a key differentiator.

High-touch, advisory-based service model in Community Banking.

In its core 16-county market across northern Indiana and southwestern Michigan, 1st Source Bank prioritizes a high-touch model across its 78 banking centers and 98 ATMs. This is physically reinforced by renovations converting centers to a side-by-side banking model, which invites clients behind the teller line for a more transparent and inclusive relationship. This commitment to local, personal service earned them the Best Bank for Customer Service award in Michiana in 2024. The bank also received the Community Bank Gold Level Award for delivering the greatest number of SBA loans in Indiana in 2024, indicating deep engagement with local commercial clients.

Automated self-service via mobile and online banking platforms.

The self-service channel is robust and growing rapidly, supporting transactional needs efficiently. You can see the shift in customer behavior clearly in the latest figures:

Metric	Value (Late 2025 Data)	Context
U.S. Adult Mobile Banking App Usage	72%	Up from 65% in 2022
U.S. Adult Preference for Mobile Banking	64%	Over traditional web-based online banking
Daily Mobile Banking App Usage (U.S. Consumers)	34%	Indicates frequent, transactional engagement
Total Digital Interactions Share	77%	Percentage of banking interactions happening digitally
1st Source Mobile Adoption (Q2 2025)	69%	Year-over-year growth in their specific user base

This digital focus helps manage routine interactions, as mobile-banking leaders resolve over 80% of routine interactions entirely within the app.

Long-term, trust-based relationships, emphasizing local commitment.

The foundation of the relationship strategy rests on longevity and local presence. As the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area, 1st Source Corporation supports its trust-based approach with stability. The Corporation holds total assets of $8.9 billion, and the Bank maintains a Bauer 5-star rating, which is the highest safety rating, signaling prudence for deposit clients. This local commitment is further evidenced by the bank's continued expansion, including opening a new banking center in Carmel, Indiana, in early April 2025.

Transactional service for consumer banking products.

For standard consumer banking needs, the relationship leans heavily toward efficient, self-service transactions, as supported by the digital statistics above. Consumer products include checking and savings accounts, certificates of deposit, and various consumer loans. The high daily usage of mobile apps-where 90% of users check their balance and 79% view recent transactions-suggests that a large volume of consumer interaction is purely transactional and automated.

The bank's Q3 2025 net income reached $42.30 million, reflecting the successful management of this dual-pronged relationship strategy.

Finance: draft 13-week cash view by Friday.

1st Source Corporation (SRCE) - Canvas Business Model: Channels

You're looking at how 1st Source Corporation actually gets its services to clients, which is a mix of deep local roots and specialized national reach. Honestly, the physical footprint is central to their identity as the largest locally controlled financial institution in the northern Indiana-southwestern Michigan area.

The core delivery mechanism is the physical branch network. As of early 2025 reporting, 1st Source Bank operates a physical network of 77 banking centers across Indiana and Michigan, which supports their traditional consumer and commercial banking services. This physical presence is complemented by specialized national reach through the 1st Source Bank Specialty Finance Group, which maintains 18 locations nationwide to serve clients needing financing for aircraft, heavy equipment, and vehicle fleets.

The wealth management side also uses dedicated physical locations. 1st Source has 9 Trust and Wealth Advisory Services offices, positioning them as the area's largest and most experienced wealth advisory team, specializing in custom solutions for legacy and estate planning.

Here's a quick look at the physical distribution points supporting the business:

Channel Component	Count/Scope	Geographic Focus
Banking Centers	77	Indiana and Michigan
Specialty Finance Group Locations	18	Nationwide
Trust and Wealth Advisory Services Offices	9	Regional/Select Markets

Digital channels are essential for modern convenience, supporting the overall structure that manages total assets of $9.1 billion as of November 2025. 1st Source Corporation provides access through its mobile app and online banking platforms, alongside a broad ATM network, ensuring clients can manage routine transactions securely.

For more complex, high-value services, direct sales teams are the channel. These teams focus on the Specialty Finance Group and commercial lending, where relationships and deep expertise drive deal flow. This direct sales approach is key to generating the $6.803 billion in net loans and leases reported in their latest financial filings, which is a primary revenue driver for the corporation.

The effectiveness of these channels is reflected in the financial results; for the first nine months of 2025, the company reported a record year-to-date net income of $117.14 million. The channels collectively support a deposit base totaling $7.410 billion as of the latest filing.

You can access more details on the service offerings delivered through these channels:

• Personalized investment strategy and private banking.
• Expertise in tax efficiency and estate/succession planning.
• Financing for aircraft, construction equipment, and vehicle fleets.
• Trust and estate administration services.

1st Source Corporation (SRCE) - Canvas Business Model: Customer Segments

The customer base for 1st Source Corporation (SRCE) is geographically focused but operationally diverse, serving clients across its core region of northern Indiana and southwestern Michigan, alongside national clients for specialized financing.

Small and medium-sized businesses (SMBs) and agribusinesses in the core region represent a foundational segment, evidenced by 1st Source Bank receiving recognition from the U.S. Small Business Administration (SBA) for small business lending across Indiana for the 12th consecutive year.

National clients requiring financing for aircraft, construction, and renewable energy are served by the Specialty Finance Group, which offers financing for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes.

Professional firms, such as legal and medical practices, fall under the commercial lending umbrella, which, as of June 30, 2023, represented 81.9 percent of the loan portfolio, a structure likely maintained given the focus on commercial and agricultural loans.

Affluent individuals and families utilizing Wealth Management and Trust services are supported by a division with nine Trust and Wealth Advisory Services locations, aiming to help clients achieve security and build wealth.

Individual consumers for traditional checking, savings, and mortgage products are served through Consumer Services, contributing to the overall deposit base, which increased by $289.69 million from the third quarter of 2024 to the third quarter of 2025.

The overall scale of the lending activity supporting these segments is reflected in the total average loans and leases reaching $6.88 billion in 2025 Year-to-Date, with average loans and leases growing by $409.71 million in the third quarter of 2025 compared to the third quarter of 2024.

Here's a quick look at the financial scale as of late 2025 reporting periods:

Metric	Value/Period	Date/Period End
Total Assets	$9.1 billion	August 2025
Total Average Loans and Leases	$6.88 billion	2025 YTD
Quarterly Net Income	$42.30 million	Q3 2025
Diluted Earnings Per Share	$1.71	Q3 2025
Quarterly Cash Dividend	$0.40 per common share	Q3 2025
Forbes Best Banks Ranking	#26 out of 100	2025 List

You can see the commitment to the core regional business through the bank's consistent recognition.

• Bank recognized by Forbes as one of America's Best Banks, ranking #26.
• Bank recognized by SBA for small business lending for 12th straight year.
• Specialty Finance Group has 18 locations nationwide.
• Wealth Management division has nine locations.
• The bank is headquartered in South Bend, Indiana.

Finance: draft 13-week cash view by Friday.

1st Source Corporation (SRCE) - Canvas Business Model: Cost Structure

The Cost Structure for 1st Source Corporation is heavily influenced by its banking operations, particularly interest-bearing liabilities and personnel costs across its physical footprint and digital initiatives.

The total Noninterest Expense for the third quarter of 2025 was reported at $54.78 million, an increase of 7.77% from the third quarter of 2024, which was $3.95 million higher. For the first nine months of 2025, total noninterest expense increased 7.29%, or $10.89 million, compared to the first nine months of 2024.

The Interest Expense paid on interest-bearing deposits and borrowings is a primary cost driver, directly impacting the Net Interest Income (NII). Tax-equivalent NII for the second quarter of 2025 was $85.35 million.

The Provision for Credit Losses (PCL) was a significant quarterly cost, recorded at $7.69 million in Q2 2025. This compares to a PCL of $3.27 million in the first quarter of 2025. The allowance for loan and lease losses stood at 2.30% of total loans and leases as of June 30, 2025.

Costs associated with the physical network and technology are embedded within the Noninterest Expense. The Community Banking division operates 78 banking centers across northern Indiana and southwestern Michigan.

Here's a look at the components driving the cost structure:

Cost Component Category	Latest Reported Metric/Amount	Period/Context
Total Noninterest Expense	$54.78 million	Q3 2025
Provision for Credit Losses (PCL)	$7.69 million	Q2 2025
Net Interest Income (Tax-Equivalent)	$85.35 million	Q2 2025
Branch Network Count	78 banking centers	As of Q2 2025 presentation

Salaries and Employee Benefits is a major component of the total Noninterest Expense. The increase in Q3 2025 Noninterest Expense included increased furniture, equipment and occupancy expenses.

Digital transformation efforts are a key area of investment, reflected in technology costs. The bank continues to emphasize its digital transformation, with mobile adoption increasing to 69% in Q2 2025.

Key cost-related operational metrics include:

• The efficiency ratio (non-GAAP) improved to 48.40% in Q2 2025 from 51.17% in Q2 2024.
• Furniture and equipment expense was relatively flat in 2024 compared to 2023.
• Occupancy expense rose in 2024 compared to 2023.
• The bank joined the U.S. Faster Payments Council in February 2025.

The total Noninterest Expense for the first six months of 2025 was up $6.94 million year-over-year.

1st Source Corporation (SRCE) - Canvas Business Model: Revenue Streams

The revenue streams for 1st Source Corporation are heavily weighted toward traditional banking operations, though fee-based services contribute significantly to overall income.

The core engine remains the Net Interest Income derived from the loan and lease portfolio. For the third quarter of 2025, this figure totaled $88.75 million. This strong performance was supported by a tax-equivalent net interest margin of 4.09% in Q3 2025, which marked the seventh consecutive quarter of margin expansion. Historically, over the last five years, net interest income represented approximately 74.9% of 1st Source Corporation's total revenue.

Total GAAP revenue for the third quarter of 2025 was reported at $110.66 million. Based on this, the total Non-Interest Income for the quarter is approximately $21.91 million (calculated as Total Revenue of $110.66 million minus Net Interest Income of $88.75 million). This total non-interest income saw a decline of 5.0% quarter-over-quarter.

The components making up this non-interest income are varied, including several fee-based services and investment-related activities:

• Non-interest income from Wealth Management and Trust fees.
• Fee income from deposit accounts, credit cards, and cash management services.
• Revenue from 1st Source Insurance brokerage services.

Gains and losses from investment securities and loan sales are also a component. The third quarter of 2025 results specifically included $1.88 million in pre-tax losses from the sale of approximately $73 million of available-for-sale securities as part of portfolio repositioning. The company also recorded a $1.00 million charitable contribution to the 1st Source Foundation in the quarter.

Here's a breakdown of the key revenue figures for the third quarter of 2025:

Revenue Component	Q3 2025 Amount (USD Millions)
Net Interest Income	88.75
Total GAAP Revenue	110.66
Calculated Total Non-Interest Income	21.91
Pre-Tax Loss from Securities Sale	1.88

You can see the key drivers of the non-interest income streams:

• Trust/Wealth Advisory fees: Mentioned as a component that declined QoQ.
• Swap fees: Mentioned as a component that declined QoQ.
• Equipment rental income: Pressured year-over-year.

Finance: draft the Q4 2025 revenue projection model by next Tuesday.