1st Source Corporation

NasdaqGS:SRCE Stock Report

Market Cap: US$1.5b

1st Source Management

Management criteria checks 4/4

1st Source's CEO is Chris Murphy, appointed in Jan 1979, has a tenure of 45.83 years. total yearly compensation is $2.77M, comprised of 29.7% salary and 70.3% bonuses, including company stock and options. directly owns 17.75% of the company’s shares, worth $257.74M. The average tenure of the management team and the board of directors is 3.3 years and 5.9 years respectively.

Key information

Chris Murphy

Chief executive officer

US$2.8m

Total compensation

CEO salary percentage29.7%
CEO tenure45.8yrs
CEO ownership17.7%
Management average tenure3.3yrs
Board average tenure5.9yrs

Recent management updates

Recent updates

1st Source: Positive Earnings Outlook Appears Priced In

Sep 04

Does 1st Source (NASDAQ:SRCE) Deserve A Spot On Your Watchlist?

Dec 05
Does 1st Source (NASDAQ:SRCE) Deserve A Spot On Your Watchlist?

1st Source (NASDAQ:SRCE) Has Announced That It Will Be Increasing Its Dividend To $0.34

Oct 24
1st Source (NASDAQ:SRCE) Has Announced That It Will Be Increasing Its Dividend To $0.34

1st Source (NASDAQ:SRCE) Is Due To Pay A Dividend Of $0.32

Jul 25
1st Source (NASDAQ:SRCE) Is Due To Pay A Dividend Of $0.32

With EPS Growth And More, 1st Source (NASDAQ:SRCE) Makes An Interesting Case

Apr 27
With EPS Growth And More, 1st Source (NASDAQ:SRCE) Makes An Interesting Case

1st Source GAAP EPS of $1.32 beats by $0.16, revenue of $91.12M beats by $2.8M

Oct 20

If EPS Growth Is Important To You, 1st Source (NASDAQ:SRCE) Presents An Opportunity

Oct 14
If EPS Growth Is Important To You, 1st Source (NASDAQ:SRCE) Presents An Opportunity

1st Source Corp.: Moderate Topline Growth To Partially Counter Provision Normalization

Aug 24

1st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year

Jul 26
1st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year

1st Source Corp.: Earnings To Dip Despite Favorable Economic Factors

Jun 09

Here's Why I Think 1st Source (NASDAQ:SRCE) Might Deserve Your Attention Today

Jun 07
Here's Why I Think 1st Source (NASDAQ:SRCE) Might Deserve Your Attention Today

1st Source: Balanced Bank With Attractive Fee Income Mix

Feb 06

1st Source Corporation: Provision Normalization To Undermine Top Line Growth

Jan 17

If You Like EPS Growth Then Check Out 1st Source (NASDAQ:SRCE) Before It's Too Late

Nov 29
If You Like EPS Growth Then Check Out 1st Source (NASDAQ:SRCE) Before It's Too Late

1st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year

Oct 25
1st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year

1st Source: Waning Stimulus Effects Likely Weigh On Reported Profitability

Oct 25

1st Source: Revising Up The Earnings Estimate Because Of Better Than Expected Credit Performance

Jul 31

1st Source's (NASDAQ:SRCE) Dividend Will Be Increased To US$0.31

Jul 26
1st Source's (NASDAQ:SRCE) Dividend Will Be Increased To US$0.31

1st Source: Portfolio's Credit Risk In The Limelight

May 09

Is 1st Source Corporation (NASDAQ:SRCE) A Smart Pick For Income Investors?

Mar 03
Is 1st Source Corporation (NASDAQ:SRCE) A Smart Pick For Income Investors?

1st Source goes ex-dividend on Monday

Jan 29

CEO Compensation Analysis

How has Chris Murphy's remuneration changed compared to 1st Source's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$128m

Jun 30 2024n/an/a

US$126m

Mar 31 2024n/an/a

US$122m

Dec 31 2023US$3mUS$821k

US$124m

Sep 30 2023n/an/a

US$126m

Jun 30 2023n/an/a

US$126m

Mar 31 2023n/an/a

US$123m

Dec 31 2022US$2mUS$810k

US$120m

Sep 30 2022n/an/a

US$116m

Jun 30 2022n/an/a

US$116m

Mar 31 2022n/an/a

US$117m

Dec 31 2021US$2mUS$808k

US$118m

Sep 30 2021n/an/a

US$116m

Jun 30 2021n/an/a

US$104m

Mar 31 2021n/an/a

US$92m

Dec 31 2020US$2mUS$822k

US$81m

Sep 30 2020n/an/a

US$76m

Jun 30 2020n/an/a

US$81m

Mar 31 2020n/an/a

US$86m

Dec 31 2019US$2mUS$771k

US$91m

Sep 30 2019n/an/a

US$91m

Jun 30 2019n/an/a

US$86m

Mar 31 2019n/an/a

US$85m

Dec 31 2018US$2mUS$746k

US$82m

Sep 30 2018n/an/a

US$78m

Jun 30 2018n/an/a

US$76m

Mar 31 2018n/an/a

US$70m

Dec 31 2017US$2mUS$730k

US$68m

Compensation vs Market: Chris's total compensation ($USD2.77M) is below average for companies of similar size in the US market ($USD5.64M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.


CEO

Chris Murphy (77 yo)

45.8yrs

Tenure

US$2,768,600

Compensation

Mr. Christopher J. Murphy, III, also known as Chris, serves as Director at Federal Reserve Bank of Chicago. He has been Chief Executive Officer of 1st Source Corporation since 1979 and served as its Presid...


Leadership Team

NamePositionTenureCompensationOwnership
Christopher Murphy
CEO & Chairman45.8yrsUS$2.77m17.75%
$ 257.7m
Andrea Short
President & Directorless than a yearUS$1.26m0.33%
$ 4.8m
Brett Bauer
Senior VP3.3yrsUS$686.44k0.097%
$ 1.4m
John Griffith
Executive VP23.8yrsUS$946.79k0.30%
$ 4.3m
Jeffrey Buhr
Executive VP & Chief Credit Officer of 1st Source Bankno dataUS$943.06k0.30%
$ 4.3m
Kevin Murphy
Executive VP & Chief Digital Officer1.9yrsno datano data
Christopher Craft
President & COO of Specialty Finance Group - 1st Source Bankno datano datano data

3.3yrs

Average Tenure

64yo

Average Age

Experienced Management: SRCE's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Christopher Murphy
CEO & Chairman52.8yrsUS$2.77m17.75%
$ 257.7m
Andrea Short
President & Director1.6yrsUS$1.26m0.33%
$ 4.8m
Daniel Fitzpatrick
Independent Director29.8yrsUS$161.57k0.20%
$ 2.9m
Timothy Ozark
Independent Director25.8yrsUS$144.07k0.19%
$ 2.8m
Mark Schwabero
Lead Independent Director20.6yrsUS$146.57k0.11%
$ 1.6m
John Affleck-Graves
Independent Director5.3yrsUS$151.57k0.071%
$ 1.0m
Todd Schurz
Independent Director4.3yrsUS$136.57k0.047%
$ 683.2k
Tracy Graham
Independent Director3.6yrsUS$116.57k0.046%
$ 667.8k
Melody Birmingham
Independent Director6.6yrsUS$156.57k0.032%
$ 458.1k
Christopher Murphy
Director13.6yrsUS$123.57k0.60%
$ 8.8m
Ronda Shrewsbury Weybright
Independent Director3.6yrsUS$146.57k0.040%
$ 586.5k
Isaac Torres
Independent Director2.6yrsUS$130.57k0.032%
$ 469.5k

5.9yrs

Average Tenure

62yo

Average Age

Experienced Board: SRCE's board of directors are considered experienced (5.9 years average tenure).