1St Source (SRCE) Rent Expense (2010 - 2026)
1St Source (SRCE) posted Rent Expense of $3.4 million for Q2 2026, down 4.54% sequentially from $3.5 million in Q1 2026, and up 11.6% YoY from $3.0 million in Q2 2025.
1St Source (SRCE) Rent Expense (2010 - 2026) Analysis & Trends
1St Source has reported Rent Expense for 17 years, with the latest figure at $3.4 million in Q2 2026.
- Quarterly Rent Expense rose 11.6% year-over-year to $3.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $13.4 million (up 9.0% YoY) and the FY2025 annual result came in at $12.7 million, up 6.58% from the prior year.
- Rent Expense fell to $3.4 million in Q2 2026 per SRCE's latest filing, from $3.5 million in the prior quarter.
- Over five years, Rent Expense peaked at $3.5 million in Q1 2026 and troughed at $2.5 million in Q2 2022.
- A 5-year average of $3.0 million and a median of $3.0 million in 2023 frame the typical range for Rent Expense.
- The sharpest annual moves came in 2023 and 2024: Rent Expense dropped 6.72% in 2023, then advanced 14.26% in 2024.
- Over 5 years, Rent Expense stood at $2.8 million in 2022, then gained by 4.06% to $2.9 million in 2023, then increased by 3.38% to $3.0 million in 2024, then rose by 11.77% to $3.4 million in 2025, then rose by 0.21% to $3.4 million in 2026.
- According to Business Quant data, Rent Expense over the past three periods registered $3.4 million, $3.5 million, and $3.4 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.82 Bn | 97.82 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.22 Bn | 96.22 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.80 Bn | -144.29 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.10 Bn | -81.21 Bn | - | - |
| 7 | Nu Holdings | 70.75 Bn | 57.07 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.71 Bn | 61.71 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.83 Bn | 26.10 Bn | - | 154.00 Mn |
| 10 | 1St Source | 2.06 Bn | 2.06 Bn | - | 3.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.39 Mn |
| Jun 30, 2026 | 3.39 Mn |
| Mar 31, 2026 | 3.55 Mn |
| Mar 31, 2026 | 3.55 Mn |
| Dec 31, 2025 | 3.38 Mn |
| Dec 31, 2025 | 3.38 Mn |
| Sep 30, 2025 | 3.09 Mn |
| Sep 30, 2025 | 3.09 Mn |
| Jun 30, 2025 | 3.04 Mn |
| Jun 30, 2025 | 3.04 Mn |
| Mar 31, 2025 | 3.22 Mn |
| Mar 31, 2025 | 3.22 Mn |
| Dec 31, 2024 | 3.02 Mn |
| Dec 31, 2024 | 3.02 Mn |
| Sep 30, 2024 | 3.01 Mn |
| Sep 30, 2024 | 3.01 Mn |
| Jun 30, 2024 | 2.91 Mn |
| Jun 30, 2024 | 2.91 Mn |
| Mar 31, 2024 | 3.00 Mn |
| Mar 31, 2024 | 3.00 Mn |