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1st Source Corporation SRCE Bank owned life insurance

Bank owned life insurance at other companies

Associated Banc-Corp logo
Associated Banc-CorpASB
$694.77M+0.6%

Other financials

Income statement

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Revenue$113.1M+8.7%
Net income$40.0M+6.5%
EPS (diluted)$1.63+7.2%

Balance sheet

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Cash & equivalents$118.8M-46.7%
Total debt$289.2M+373%
Total equity$1.3B+10.0%
Total assets$9.1B+1.7%

Cash flow

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Operating cash flow$59.1M-17.6%
CapEx$1.0M-58.8%
Free cash flow$58.1M-16.1%

Valuation

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Market cap$1.93B+14.7%

Profitability

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Net margin36.3%+0.9pp
FCF margin45.6%-7.1pp

Returns & leverage

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Return on equity13.2%+0.2pp
Debt / equity0.2×+0.2×

Where this comes from

Reported directly by 1st Source Corporation in its filing.

Tagged under the XBRL concept us-gaap:LifeInsuranceCorporateOrBankOwnedAmount.

The official record: 1st Source Corporation’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is 1st Source Corporation's bank owned life insurance?
1st Source Corporation (SRCE) reported bank owned life insurance of $88.36M in Q4 2025.
What is the long-term trend for 1st Source Corporation's bank owned life insurance?
Over 2 years (2023 to 2025), 1st Source Corporation's bank owned life insurance has grown at a 2.3% compound annual growth rate (CAGR), from $84.41M to $88.36M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) represents the cash surrender value of life insurance policies held by the bank on the lives of its key employees. It is used as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. This asset provides a stable, long-term return that contributes to the bank's non-interest income.