1st Source (SRCE)

Overall impact
F (14)

Commentary

1st Source is a poor overall performer. With an 'F' rating of 13.8 for overall impact (bottom 10% of all companies), 1st Source ranks 37th out of 37 industry peers, behind Huntington Bancshares, Fifth Third Bank, First Busey and 33 others. On top material causes for 1st Source's industry (Banking), 1st Source performs poorly in Reduced Inequality (25.8 score), Healthy Oceans (6.5), Racial Justice and Civil Rights (0.0) and 18 other causes where it received a 'D' or 'F' score. 1st Source did not receive an 'A' rating on any cause.
Impact
Cause SRCE
Peer rank
Overall impact

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Impact trend

Change in rating for overall impact

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Company
Employees
1,190
Sector
Financials
Industry
Banks
Sub-industry
Regional Banks
SASB industry
Commercial Banks
Headquarters
In, United States
Share classes
SRCE
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 in the United States. The company's 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. It also provides 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, the company offers 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 provides 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 offers corporate and personal property, casualty, and individual and group health and life insurance products and services for individuals and businesses. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
Material causes
Ethos considers the following causes material for 1st Source, based on its industry sub-industry Regional Banks. Learn more about material causes in our methodology overview.

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