1st Source Corporation (SRCE)

50.77 +0.62 (+1.24%) At close: 04:00PM EDT

1st Source Corporation

100 North Michigan Street
South Bend, IN 46601
United States
574 235 2000
https://www.1stsource.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 1,170

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Christopher J. Murphy III	President, CEO & Chairman	1.61M	N/A	1947
Mr. Brett A. Bauer	Senior VP, CFO & Treasurer	526.32k	N/A	1972
Mr. John B. Griffith	Executive VP, Chief Administrative Officer, General Counsel & Secretary	673.36k	N/A	1958
Ms. Andrea Gayle Short	Executive VP & Director	879.22k	N/A	1963
Mr. Jeffrey L. Buhr	Executive VP & Chief Credit Officer of 1st Source Bank	641.75k	N/A	1960
Mr. Kevin C. Murphy	Executive VP & Chief Digital Officer	N/A	N/A	N/A
Mr. Christopher L. Craft CFA, CTP	President & COO of Specialty Finance Group - 1st Source Bank	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

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. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

Corporate Governance

1st Source Corporation’s ISS Governance QualityScore as of April 1, 2024 is 5. The pillar scores are Audit: 3; Board: 7; Shareholder Rights: 6; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.