1st Source Corporation (SRCE): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no plano estratégico da 1ª fonte de origem (SRCE), uma potência bancária regional que transforma os serviços financeiros tradicionais por meio de um modelo de negócios meticulosamente criado. Essa tela abrangente revela como o banco aproveita os relacionamentos locais, as plataformas digitais de ponta e uma abordagem focada na comunidade para oferecer experiências bancárias personalizadas em Indiana e regiões vizinhas. De pequenas empresas a indivíduos de alta rede, a 1ª empresa de origem projetou uma estratégia dinâmica que equilibra a inovação tecnológica com conexões comunitárias profundas, criando uma proposta de valor única no cenário de serviços financeiros competitivos.

1st Source Corporation (SRCE) - Modelo de negócios: Parcerias -chave

Parcerias bancárias locais e regionais

A 1st Source Corporation mantém parcerias estratégicas com várias instituições financeiras regionais:

Tipo de parceiro	Número de parcerias	Cobertura geográfica
Bancos comunitários	12	Indiana, Illinois, Michigan
Cooperativas de crédito regionais	8	Região do meio -oeste

Colaborações de fornecedores de tecnologia

As parcerias da plataforma bancária digital incluem:

• Soluções bancárias digitais do Fiserv
• Jack Henry & Associa a tecnologia bancária principal
• Infraestrutura em nuvem do Microsoft Azure

Parcerias da companhia de seguros

Parceiro de seguro	Tipo de produto	Receita colaborativa anual
Chubb Limited	Seguro comercial	US $ 4,2 milhões
O Hartford	Proteção de negócios	US $ 3,7 milhões

Redes de gestão de investimentos e patrimônio

Detalhes da parceria de investimento -chave:

• Raymond James Financial Services
• LPL Financial Holdings
• Total de ativos gerenciados por meio de parcerias: US $ 1,8 bilhão

Colaborações de desenvolvimento econômico comunitário

Organização	Área de foco	Investimento anual
Corporação de Desenvolvimento Econômico de Indiana	Suporte para pequenas empresas	US $ 2,5 milhões
Câmara de Comércio de South Bend	Desenvolvimento de negócios local	US $ 1,2 milhão

1st Source Corporation (SRCE) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A partir de 2024, a 1st Source Corporation fornece serviços bancários abrangentes com ativos totais de US $ 19,1 bilhões e depósitos totais de US $ 15,8 bilhões.

Categoria de serviço bancário	Volume total
Empréstimos bancários comerciais	US $ 8,3 bilhões
Contas bancárias pessoais	237.000 contas ativas
Clientes bancários de negócios	42.500 clientes comerciais

Gerenciamento de patrimônio e consultoria de investimento

1ª fonte de gestão de patrimônio supervisiona US $ 6,2 bilhões em ativos do cliente.

• Portfólios de investimento gerenciados: US $ 4,7 bilhões
• Serviços de planejamento de aposentadoria: 32.000 clientes ativos
• Profissionais de consultoria financeira: 87 consultores certificados

Originação de empréstimos e subscrição de crédito

Categoria de empréstimo	Volume total	Taxa de aprovação média
Empréstimos comerciais	US $ 5,6 bilhões	78%
Empréstimos pessoais	US $ 1,2 bilhão	82%

Gerenciamento de plataforma bancária digital

Processo de plataformas bancárias digitais 3,2 milhões de transações mensais.

• Usuários bancários móveis: 186.000
• Penetração bancária online: 67% da base de clientes
• Volume anual de transação digital: 38,4 milhões

Avaliação de risco e consultoria financeira

Métrica de gerenciamento de riscos	Valor
Taxa de empréstimo sem desempenho	1.3%
Tamanho da equipe de mitigação de risco	42 profissionais especializados
Engajamentos anuais de consultoria de risco	1.200 interações com o cliente

1st Source Corporation (SRCE) - Modelo de negócios: Recursos -chave

Rede Bancária Regional

A 1st Source Corporation opera uma rede de 115 escritórios bancários em Indiana, Michigan, Illinois e Ohio a partir de 2023.

Estado	Número de escritórios bancários
Indiana	86
Michigan	12
Illinois	10
Ohio	7

Profissionais financeiros

Em 31 de dezembro de 2023, a 1ª empresa de origem empregava 1.664 funcionários equivalentes em tempo integral.

Tecnologia bancária digital

• Plataforma bancária online
• Aplicativo bancário móvel
• Sistemas de processamento de transações digitais
• Infraestrutura de segurança cibernética

Portfólio de produtos financeiros

Categoria de produto	Total de ativos/volume
Empréstimos comerciais	US $ 4,2 bilhões
Empréstimos ao consumidor	US $ 1,8 bilhão
Empréstimos hipotecários	US $ 1,1 bilhão
Total de depósitos	US $ 8,4 bilhões

Sistemas de gerenciamento de riscos

Reservas totais de gerenciamento de riscos: US $ 127 milhões a partir do quarto trimestre de 2023.

1st Source Corporation (SRCE) - Modelo de Negócios: Proposições de Valor

Soluções bancárias personalizadas para empresas e indivíduos

A partir do quarto trimestre de 2023, a 1ª Corporação de Origem relatou ativos totais de US $ 19,1 bilhões, com foco em soluções bancárias personalizadas. O portfólio de empréstimos comerciais do banco atingiu US $ 6,3 bilhões, demonstrando fortes recursos bancários de negócios.

Segmento bancário	Valor total do portfólio	Tamanho médio do empréstimo
Empréstimos comerciais	US $ 6,3 bilhões	US $ 1,2 milhão
Bancos pessoais	US $ 4,7 bilhões	$285,000

Serviços financeiros abrangentes sob uma plataforma

A 1ª fonte oferece uma ampla gama de serviços financeiros em vários segmentos:

• Bancos comerciais
• Bancos pessoais
• Gestão de patrimônio
• Serviços de seguro
• Soluções bancárias digitais

Tomada de decisão local com abordagem focada na comunidade

Sediada em South Bend, Indiana, a 1ª fonte opera 125 escritórios bancários principalmente em Indiana e Michigan, com uma forte ênfase no envolvimento da comunidade local.

Taxas de juros competitivas e ofertas de produtos financeiros

Tipo de produto	Intervalo de taxa de juros	Competitividade do mercado
Contas de poupança pessoal	2.50% - 4.25%	Acima da média regional
Empréstimos comerciais	6.75% - 9.50%	Taxas de mercado competitivas

Experiências bancárias digitais e tradicionais integradas

Métricas bancárias digitais para a 1ª fonte a partir de 2023:

• Usuários bancários móveis: 185,000
• Volume de transações online: 3,2 milhões mensais
• Taxa de adoção bancária digital: 68%

1st Source Corporation (SRCE) - Modelo de Negócios: Relacionamentos do Cliente

Modelo Bancário de Relacionamento Personalizado

A 1st Source Corporation mantém uma abordagem bancária personalizada com 370 gerentes de relacionamento em tempo integral em toda a sua rede. O banco atende a aproximadamente 55.000 clientes bancários comerciais e pessoais a partir de 2023.

Segmento de clientes	Número de clientes	Valor médio do relacionamento
Banking de negócios	22,500	$487,000
Bancos pessoais	32,500	$156,000

Gerentes de relacionamento dedicados para clientes de negócios

A 1ª fonte fornece gerenciamento especializado de relacionamento com 185 profissionais de negócios de negócios dedicados. O tamanho médio do portfólio por gerente de relacionamento é 122 clientes comerciais.

• Gerentes de relacionamento dedicados com média de 12 anos de experiência no setor
• Soluções financeiras personalizadas para cada cliente de negócios
• Reuniões trimestrais de revisão financeira estratégica

Plataformas bancárias de autoatendimento digital

As plataformas bancárias digitais suportam 87% das transações de clientes com 248.000 usuários de banco digital ativo em 2023.

Plataforma digital	Usuários ativos mensais	Volume de transação
Mobile Banking	186,000	2,4 milhões de transações mensais
Bancos online	62,000	1,1 milhão de transações mensais

Consultas de consultoria financeira regulares

A 1ª fonte realiza 14.500 consultas de consultoria financeira anualmente, com uma duração média de consulta de 67 minutos.

Estratégias proativas de comunicação do cliente

O banco implementa estratégias de comunicação multicanal com 92% de classificação de satisfação do cliente em 2023.

• Comunicações por e -mail: 1,2 milhão de pontos de contato anuais
• Interações telefônicas: 378.000 chamadas de atendimento ao cliente
• Notificações digitais: 4,6 milhões de comunicações digitais anuais

1st Source Corporation (SRCE) - Modelo de Negócios: Canais

Rede de ramificação física

A partir de 2024, a 1ª corporação de origem mantém 102 Locais de ramificação física concentrado principalmente em Indiana e nos estados circundantes do Centro -Oeste.

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

Site bancário online

A plataforma digital do banco serve Aproximadamente 145.000 usuários bancários online ativos.

• Os recursos do site incluem gerenciamento de contas
• Serviços de pagamento da conta
• Transferências de fundos
• Acesso à declaração digital

Aplicativo bancário móvel

1ª fonte de aplicativo bancário móvel 92.000 usuários móveis ativos A partir do quarto trimestre 2023.

Plataforma	Baixar estatísticas
IOS App Store	48.500 Downloads
Google Play Store	43.500 Downloads

Rede ATM

A corporação opera 73 caixas eletrônicos proprietários em suas regiões de serviço.

• Transações gratuitas para titulares de contas
• Disponibilidade 24/7
• Serviços de retirada em dinheiro
• Funcionalidade de inquérito de equilíbrio

Centros de atendimento ao cliente

A 1ª fonte mantém 2 Centros de atendimento ao cliente centralizado manuseio aproximadamente 85.000 interações com clientes mensalmente.

Localização do call center	Chamadas diárias médias
Fort Wayne, Indiana	2.500 chamadas
South Bend, Indiana	2.300 chamadas

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

Pequenas e médias empresas

A partir do quarto trimestre de 2023, a 1ª empresa de origem atende a aproximadamente 12.500 clientes comerciais pequenos e médios em Indiana e nos estados do meio-oeste.

Segmento de negócios	Número de clientes	Tamanho médio do empréstimo
SMBs de fabricação	3,750	US $ 1,2 milhão
Serviços profissionais	2,850	$850,000
Negócios de varejo	2,650	$625,000
Empresas de tecnologia	1,750	US $ 1,5 milhão

Empresas comerciais locais

A 1st Source Corporation mantém relacionamentos com 3.200 clientes comerciais locais, com uma carteira total de empréstimos comerciais de US $ 1,8 bilhão em 31 de dezembro de 2023.

• Imóveis comerciais: 1.100 clientes
• Empresas de construção: 650 clientes
• Provedores de saúde: 450 clientes
• Empresas de transporte: 350 clientes
• Empresas de hospitalidade: 250 clientes

Clientes bancários de varejo individuais

O banco atende a 87.500 clientes de banco de varejo individuais em sua rede de 86 agências em Indiana e Michigan.

Tipo de cliente	Número de contas	Saldo médio da conta
Contas de verificação	62,300	$15,750
Contas de poupança	45,200	$22,500
Contas de investimento	18,900	$87,300

Indivíduos de alta rede

A 1ª Fonte Corporation gerencia riqueza para 2.750 clientes individuais de alta rede com ativos totais sob gerenciamento de US $ 1,3 bilhão a partir de 2023.

• Clientes com US $ 1-5 milhões em ativos: 1.850
• Clientes com US $ 5 a 10 milhões em ativos: 650
• Clientes com mais de US $ 10 milhões em ativos: 250

Clientes da comunidade agrícola e agrícola

O banco suporta 3.100 clientes agrícolas com um portfólio especializado em empréstimos agrícolas de US $ 450 milhões.

Segmento agrícola	Número de clientes	Tamanho médio do empréstimo
Agricultura de culturas	1,650	$275,000
Operações de gado	850	$425,000
Fazendas de laticínios	350	$650,000
Fornecedores de agronegócios	250	US $ 1,1 milhão

1st Source Corporation (SRCE) - Modelo de Negócios: Estrutura de Custo

Pessoal e compensação de funcionários

A partir de 2023 Relatório Anual, as despesas totais de pessoal da 1ª fonte da Corporação foram de US $ 260,4 milhões. O colapso inclui:

Categoria de despesa	Quantia
Salários	US $ 189,6 milhões
Benefícios	US $ 47,2 milhões
Remuneração baseada em ações	US $ 23,6 milhões

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura de tecnologia para 2023 totalizaram US $ 45,3 milhões, que incluíram:

• Hardware de TI: US $ 12,7 milhões
• Licenciamento de software: US $ 16,9 milhões
• Sistemas de segurança cibernética: US $ 8,4 milhões
• Infraestrutura de rede: US $ 7,3 milhões

Despesas operacionais da rede de filiais

Os custos operacionais da filial para 2023 foram de US $ 87,6 milhões, compreendendo:

Tipo de despesa	Quantia
Aluguel da instalação	US $ 36,2 milhões
Utilitários	US $ 15,4 milhões
Manutenção	US $ 22,8 milhões
Equipamento	US $ 13,2 milhões

Custos de conformidade regulatória

As despesas de conformidade regulatória em 2023 totalizaram US $ 22,1 milhões, incluindo:

• Aviso jurídico: US $ 8,7 milhões
• Auditoria e relatórios: US $ 6,5 milhões
• Treinamento de conformidade: US $ 4,2 milhões
• Taxas de arquivamento regulatório: US $ 2,7 milhões

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 foram de US $ 18,9 milhões, distribuídas da seguinte forma:

Canal de marketing	Gastos
Marketing digital	US $ 7,6 milhões
Publicidade tradicional	US $ 5,3 milhões
Eventos do cliente	US $ 3,2 milhões
Materiais promocionais	US $ 2,8 milhões

1st Source Corporation (SRCE) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos e investimentos

Para o ano fiscal de 2023, a 1ª Corporação de Origem reportou receita de juros líquidos de US $ 344,1 milhões.

Categoria de receita de juros	Quantidade (em milhões)
Empréstimos	$312.5
Títulos de investimento	$31.6

Cobranças de serviço e taxas de transação

As taxas de serviço e transações geraram US $ 73,2 milhões em receita para o ano de 2023.

• Cobranças de serviço da conta de depósito
• Taxas de transação ATM
• Taxas de cheque especial

Taxas de consultoria de gestão de patrimônio

Os serviços de gerenciamento de patrimônio contribuíram com US $ 42,5 milhões para a receita da corporação em 2023.

Comissões de produtos de investimento

As comissões de produtos de investimento totalizaram US $ 28,7 milhões para o ano fiscal de 2023.

Tipo de produto de investimento	Receita da Comissão (em milhões)
Fundos mútuos	$15.3
Produtos de planejamento de aposentadoria	$13.4

Receita de Serviços de Gerenciamento do Tesouro

Os serviços de gerenciamento do Tesouro geraram US $ 37,6 milhões em receita para 2023.

• Serviços de gerenciamento de caixa
• Serviços comerciais
• Soluções de pagamento 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.