1St Source (SRCE) Rent Expense (2010 - 2026)
1St Source (SRCE) reported Rent Expense of $3.5 million for Q1 2026, up 10.05% on a YoY basis from $3.2 million in Q1 2025, and up 4.97% sequentially from $3.4 million in Q4 2025.
1St Source (SRCE) Rent Expense (2010 - 2026) Analysis & Trends
1St Source (SRCE) has 17 years of Rent Expense data on file, last reported at $3.5 million in Q1 2026.
- For the quarter ending Q1 2026, Rent Expense rose 10.05% year-over-year to $3.5 million; the trailing twelve-month figure through Mar 2026 stood at $13.0 million (up 7.24% YoY), and the FY2025 full-year result was $12.7 million, up 6.58% from the prior year.
- Rent Expense climbed to $3.5 million in Q1 2026, from $3.4 million in the prior quarter.
- In the past five years, Rent Expense ranged from a high of $3.5 million in Q1 2026 to a low of $2.5 million in Q2 2022.
- A 5-year average of $2.9 million and a median of $2.9 million in 2023 frame the typical range for Rent Expense.
- Across the five-year window, Rent Expense decreased 6.72% in 2023 and rose 14.26% in 2024, its largest moves.
- Tracing SRCE's Rent Expense over 5 years: stood at $2.8 million in 2022, then grew by 4.06% to $2.9 million in 2023, then advanced by 3.38% to $3.0 million in 2024, then climbed by 11.77% to $3.4 million in 2025, then climbed by 4.97% to $3.5 million in 2026.
- Business Quant data shows SRCE's Rent Expense at $3.5 million in Q1 2026, $3.4 million in Q4 2025, and $3.1 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 42,090.38 Bn | 42,090.38 Bn | -786,828.77 | - |
| 2 | Shinhan Financial | 33,919.15 Bn | 33,919.15 Bn | - | - |
| 3 | Bank Of Chile | 4,123.52 Bn | 4,123.52 Bn | 167,623.00 | - |
| 4 | Lloyds Banking | 360.83 Bn | 360.83 Bn | - | - |
| 5 | First Capital | 204.17 Bn | 203.82 Bn | - | 634,000.00 |
| 6 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 1.45 Mn |
| 7 | NatWest | 144.82 Bn | -51.17 Bn | - | -420.63 Mn |
| 8 | Pnc Financial Services | 101.80 Bn | 101.80 Bn | - | 262.00 Mn |
| 9 | Us Bancorp | 99.51 Bn | 99.51 Bn | - | 304.00 Mn |
| 10 | 1St Source | 2.09 Bn | 2.09 Bn | - | 3.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Dec 31, 2023 | 2.93 Mn |
| Dec 31, 2023 | 2.93 Mn |