1st Source Corporation Overview
Pro stress-test →1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States. Tracing its roots back to 1863, 1st Source is a regional bank holding company serving Indiana, Michigan, and Florida.
Strategic Profile
Pro stress-test →1st Source operates primarily through 1st Source Bank, serving individuals and businesses through a network across 18 counties in Indiana and Michigan, plus Sarasota County in Florida. The bank distinguishes itself through its Specialty Finance Group operating nationwide, focusing on construction equipment, private and commercial aircraft, auto and light truck fleet financing, and medium to heavy-duty truck financing.
Competitive Landscape
Pro stress-test →1st Source competes with larger regional banks like Fifth Third Bancorp and Huntington Bancshares in core Midwest markets, as well as with specialized equipment financiers like Enova International in niche financing segments. The company faces competitive pressures from larger peers while maintaining differentiation through its nationwide specialty finance operations.
Industry Context
1st Source Corporation operates in Regional Banking & Specialty Finance.
Key facts
Founded: 1863 · Headquarters: South Bend, Indiana · Revenue: $115.39M · Market cap: $1.71B