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1st Source CorporationNasdaqGS:SRCE Voorraadrapport

Marktkapitalisatie US$2.0b
Prijs aandeel
n/a
1Y27.1%
7D-0.8%
1D0.4%
Portefeuillewaarde
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1st Source Corporation

NasdaqGS:SRCE Voorraadrapport

Marktkapitalisatie: US$2.0b

1st Source (SRCE) Aandelenoverzicht

1st Source Corporation is de bankholding voor 1st Source Bank, die bankdiensten verleent aan particulieren en bedrijven in de Verenigde Staten op het gebied van bankzaken, trust en vermogensadvies. Meer informatie

Beloningen

Verhandeld tegen 34.7% onder onze schatting van de reële waarde

De winst is de afgelopen 5 jaar met 7.5% per jaar gegroeid

Betaalt een betrouwbaar dividend van 2.11%

Risicoanalyse

Geen risico's gedetecteerd voor SRCE uit onze risicocontroles.

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1st Source Corporation Concurrenten

Prijsgeschiedenis en prestaties

Overzicht van hoogtepunten, dieptepunten en veranderingen in de aandelenkoersen voor 1st Source
Historische aandelenkoersen
Huidige aandelenkoersUS$81.44
52 Week HoogtepuntUS$86.64
52 Week LaagUS$56.89
Bèta0.57
1 maand verandering4.98%
3 maanden verandering10.23%
1 Jaar Verandering27.07%
3 jaar verandering89.26%
5 jaar verandering88.26%
Verandering sinds IPO7,452.49%

Recent nieuws en updates

Analyseartikel • Jun 20

1st Source (SRCE) Stock Could Be 38% Below Fair Value As Dividend And Growth Support Sentiment

Recent commentary around 1st Source (SRCE) has focused on its dividend track record, expectations for earnings growth this fiscal year, and rising institutional ownership. These factors are shaping how investors view the stock. See our latest analysis for 1st Source. The recent move in 1st Source’s share price to US$76.91 comes after a year where the share price return has picked up, with shorter term gains building on strong multi year total shareholder returns. If you are comparing 1st...
Seeking Alpha • Jun 03

1st Source Corporation: Quality Operations Reflected In Its Current Price

Summary 1st Source Corporation stands out among Midwest regional banks for long-term outperformance and a unique specialty finance portfolio. Q1 2026 results showed solid earnings, dividend growth, and strong net interest margin, but rising credit losses and macro headwinds temper enthusiasm. SRCE's loan mix, with lower CRE exposure and a growing share of non-interest-bearing deposits, differentiates it but introduces specialty lending risks. I rate SRCE a Hold, as near-term upside appears limited absent a takeover, with loan quality and macroeconomic risks warranting caution. Read the full article on Seeking Alpha

Recent updates

Analyseartikel • Jun 20

1st Source (SRCE) Stock Could Be 38% Below Fair Value As Dividend And Growth Support Sentiment

Recent commentary around 1st Source (SRCE) has focused on its dividend track record, expectations for earnings growth this fiscal year, and rising institutional ownership. These factors are shaping how investors view the stock. See our latest analysis for 1st Source. The recent move in 1st Source’s share price to US$76.91 comes after a year where the share price return has picked up, with shorter term gains building on strong multi year total shareholder returns. If you are comparing 1st...
Seeking Alpha • Jun 03

1st Source Corporation: Quality Operations Reflected In Its Current Price

Summary 1st Source Corporation stands out among Midwest regional banks for long-term outperformance and a unique specialty finance portfolio. Q1 2026 results showed solid earnings, dividend growth, and strong net interest margin, but rising credit losses and macro headwinds temper enthusiasm. SRCE's loan mix, with lower CRE exposure and a growing share of non-interest-bearing deposits, differentiates it but introduces specialty lending risks. I rate SRCE a Hold, as near-term upside appears limited absent a takeover, with loan quality and macroeconomic risks warranting caution. Read the full article on Seeking Alpha
Analyseartikel • Oct 29

1st Source's (NASDAQ:SRCE) Dividend Will Be Increased To $0.40

1st Source Corporation's ( NASDAQ:SRCE ) dividend will be increasing from last year's payment of the same period to...
Analyseartikel • May 01

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

The board of 1st Source Corporation ( NASDAQ:SRCE ) has announced that it will be paying its dividend of $0.38 on the...
Analyseartikel • Apr 18

Here's Why 1st Source Corporation's (NASDAQ:SRCE) CEO Might See A Pay Rise Soon

Key Insights 1st Source will host its Annual General Meeting on 24th of April Salary of US$836.5k is part of CEO Chris...
Seeking Alpha • Mar 06

1st Source Corporation: Tariff Resumption Could Hurt Specialty Finance Division; Maintaining Hold Rating

Summary Tariffs on automobiles have been paused for one month. Nevertheless, the chance of resumption creates a high risk for SRCE's Specialty Finance division. The net interest margin appears to be almost neutral to interest rate changes, which is a good quality to have in the currently uncertain interest rate environment. I’m expecting an EPS of $5.53 for 2025, which is slightly below my previous estimate of $5.56. SRCE has an expected price upside of 2.8% and a dividend yield of 2.3%. Hence, I’m maintaining a hold rating. Read the full article on Seeking Alpha
Seeking Alpha • Nov 19

1st Source: Loan Growth To Boost Earnings, But Stock Appears Fairly Valued

Summary The third quarter’s disappointing loan book decline will most probably turn out to be a blip because the operating environment continues to be satisfactory. Rate cuts will likely pressure the margin because the average loan yield is quite rate-sensitive. The December 2025 target price suggests a mid-single-digit price upside only. The dividend yield is 2.2% at a payout ratio of 26%. Read the full article on Seeking Alpha
Seeking Alpha • Sep 04

1st Source: Positive Earnings Outlook Appears Priced In

Summary Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I’m expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I’m expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%. Read the full article on Seeking Alpha
Analyseartikel • Dec 05

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

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analyseartikel • Oct 24

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

1st Source Corporation ( NASDAQ:SRCE ) will increase its dividend on the 15th of November to $0.34, which is 6.3...
Analyseartikel • Jul 25

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

1st Source Corporation ( NASDAQ:SRCE ) will pay a dividend of $0.32 on the 11th of August. This payment means that the...
Analyseartikel • Apr 27

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

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Oct 20

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

1st Source press release (NASDAQ:SRCE): Q3 GAAP EPS of $1.32 beats by $0.16. Revenue of $91.12M (+3.9% Y/Y) beats by $2.8M.
Analyseartikel • Oct 14

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

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Seeking Alpha • Aug 24

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

Loan growth will likely remain at a moderate level through the end of 2023. Neither the loan portfolio nor the deposit book is highly rate-sensitive. Therefore, the margin will expand only moderately as interest rates surge. Despite headwinds, provisioning will remain at a normal level through the end of 2023 thanks to the high loan loss reserves. The December 2022 target price suggests a moderately high upside from the current market price. Further, SRCE is offering a decent dividend yield. Earnings of 1st Source Corp. (SRCE) will likely dip this year mostly on the back of provision normalization. On the other hand, moderate loan growth will likely support the bottom line. Further, some margin expansion will support earnings. Overall, I'm expecting 1st Source Corporation to report earnings of $4.58 per share for 2022, down 3% year-over-year. Compared to my last report on the company, I've revised upwards my earnings estimate as I've increased both my loan and margin estimates following the second quarter’s extraordinary performance. For 2023, I'm expecting 1st Source to report earnings of $4.68 per share, up 2% year-over-year. The year-end target price suggests a moderately high upside from the current market price. Based on the total expected return, I'm maintaining a buy rating on 1st Source Corporation. Loan Growth Deceleration Likely 1st Source Corporation's loan book grew by a strong 2.9% in the second quarter of 2022, or 11.7% annualized, which beat my expectations. Given the company's historical trend, the second quarter’s growth was extraordinarily high. Half of 1st Source Corporation’s loans belong to the specialty finance segment (aircraft, trucks, construction equipment) while the other half belongs to the community banking segment (mostly small business loans). Therefore, the purchasing managers' index is a good gauge of product demand. Although it has been on a downtrend so far this year, it is still indicating expansion in manufacturing and services segments. US ISM Services PMI data by YCharts The unemployment rate is another appropriate indicator for credit demand. The company mostly operates in northern Indiana and southwest Michigan. While Indiana has a hot labor market with a very low unemployment rate, Michigan's unemployment rate is trailing the national average. Nevertheless, both states have unemployment rates that are near record lows from a historical perspective. However, some of 1st Source Corporation's business sub-segments, especially renewable energy financing, are nationwide. Therefore, the U.S. unemployment rate is also an important metric to determine future credit demand. US Unemployment Rate data by YCharts Considering the mixed economic review, I'm expecting loan growth to decline from the second quarter’s level and remain slightly below the historical mean through the end of 2023. I'm expecting the loan book to grow by 1% every quarter (4% annualized) till the end of next year. Compared to my last report on the company, I've maintained my loan growth estimate for the second half of 2022 and full-year 2023. However, as loan growth surpassed my expectation in the second quarter of 2022, I've revised upward the full-year estimate for this year. Meanwhile, I'm expecting other balance sheet items to grow mostly in line with loans. However, I'm expecting the equity book value to dip this year despite my expectations of positive retained earnings as discussed below. I'm expecting equity book value to dip because the rise in interest rates will build up unrealized losses on the available-for-sale debt securities portfolio. These losses will bypass the income statement and flow directly to the equity account through other comprehensive income. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 4,735 4,974 5,349 5,219 5,527 5,752 Growth of Net Loans 6.8% 5.1% 7.5% (2.4)% 5.9% 4.1% Other Earning Assets 1,034 1,105 1,394 2,374 2,073 2,157 Deposits 5,122 5,357 5,946 6,679 6,880 7,160 Borrowings and Sub-Debt 329 276 291 330 281 292 Common equity 762 828 887 916 897 980 Book Value Per Share ($) 29.4 32.4 34.7 37.0 36.3 39.7 Tangible BVPS ($) 26.1 29.1 31.5 33.6 32.9 36.3 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Combination of Loan and Deposit Mixes Leads to Low Asset Sensitivity Around 63% of the loan portfolio is based on fixed rates, while 37% of the portfolio is based on variable rates, as mentioned in the earnings presentation. Therefore, the average earning-asset yield is not very responsive to interest rate hikes. Meanwhile, the liability side is somewhat mixed in its response to interest rate changes. Savings and interest-bearing demand accounts face the biggest and most urgent repricing pressure in a rising rate environment compared to other types of deposits. These deposits made up 57% of total deposits at the end of June 2022, which is not too high but high enough to have a material impact on average deposit cost as rates rise. The results of the management’s interest-rate sensitivity analysis given in the presentation showed that a 100-basis points hike in interest rates can boost the net interest income by only 2.92% over twelve months. Considering these factors, I'm expecting the margin to grow by 15 basis points in the second half of 2022 before stabilizing in 2023. Compared to my last report, I've revised upwards my margin estimate because of the second quarter’s performance as well as the greater-than-expected Fed Funds rate hike so far this year. Contradictory Factors to Keep Provisioning Near the Historical Mean Loan additions, high interest rates, inflation, and the possibility of a recession will likely keep provisioning elevated for the next few quarters. On the other hand, high reserves for loan losses will keep further provisioning subdued. Allowances were 2.4% of loans and leases, while nonperforming assets were just 0.6% of loans and leases at the end of June 2022. As a result, I'm expecting provisioning to revert to the historical average in the second half of 2022 and full-year 2023. However, due to the below-normal provisioning reported in the first half of this year, the full-year provisioning for 2022 would be below the historical mean. Overall, I'm expecting the net provision expense to make up 0.30% of total loans (annualized) in every quarter till the end of 2023, which is the same as the average for the last five years. Expecting Earnings to Dip by 3% Provisioning normalization will likely be the chief contributor to an earnings decline this year. Further, non-interest income will be lower this year as higher interest rates will curtail income from mortgage refinancing. On the other hand, moderate loan growth and significant margin expansion will likely support the bottom line. Overall, I'm expecting 1st Source Corporation to report earnings of around $4.58 per share for 2022, down 3% year-over-year. For 2023, I'm expecting the company to report earnings of $4.68 per share, up 2% year-over-year. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 214 224 226 237 257 276 Provision for loan losses 19 16 36 (4) 13 17 Non-interest income 97 101 104 100 92 93 Non-interest expense 186 189 187 186 188 201 Net income - Common Sh. 82 92 81 118 113 116 EPS - Diluted ($) 3.16 3.57 3.17 4.70 4.58 4.68 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) In my last report on 1st Source Corporation, I projected earnings of $4.19 per share for 2022. I've revised upwards my earnings estimate because I've tweaked upwards both my loan and margin estimates following the second quarter’s performance.
Analyseartikel • Jul 26

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

The board of 1st Source Corporation ( NASDAQ:SRCE ) has announced that it will be increasing its dividend by 3.2% on...
Seeking Alpha • Jun 09

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

The loan growth rate will likely improve in the remainder of this year due to Indiana and Michigan’s economic factors. The loan and deposit mixes make the top line moderately sensitive to rate changes. Provision reversals are likely to decline from last year's unsustainable level. The provisioning for new loans will remain below normal. The December 2022 target price suggests a small upside from the current market price. Further, SRCE is offering a decent dividend yield.
Analyseartikel • Jun 07

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

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Rendement voor aandeelhouders

SRCEUS BanksUS Markt
7D-0.8%0.8%0.7%
1Y27.1%21.7%20.6%

Rendement versus industrie: SRCE overtrof de US Banks industrie, die het afgelopen jaar een rendement 21.7 % opleverde.

Rendement versus markt: SRCE overtrof de US markt, die het afgelopen jaar een rendement opleverde van 20.6 %.

Prijsvolatiliteit

Is SRCE's price volatile compared to industry and market?
SRCE volatility
SRCE Average Weekly Movement2.6%
Banks Industry Average Movement3.4%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stabiele aandelenkoers: SRCE heeft de afgelopen 3 maanden geen significante prijsvolatiliteit gekend vergeleken met de US markt.

Volatiliteit in de loop van de tijd: De wekelijkse volatiliteit ( 3% ) van SRCE is het afgelopen jaar stabiel geweest.

Over het bedrijf

OpgerichtWerknemersCEOWebsite
18631,190Andrea Shortwww.1stsource.com

1st Source Corporation is de bankholding voor 1st Source Bank die commerciële en consumentenbankdiensten, trust- en vermogensadviesdiensten en verzekeringsproducten aanbiedt aan particuliere en zakelijke klanten in de Verenigde Staten. Het bedrijf levert diensten op het gebied van consumentenbankieren, waaronder betaal- en spaarrekeningen; depositocertificaten; gezondheidsspaarrekeningen en individuele pensioenrekeningen; online en mobiel bankieren; consumentenleningen, hypothecaire leningen voor onroerend goed en woningkredietlijnen; en financiële planning, financiële kennis en andere adviesdiensten, evenals debet- en creditcards. Het bedrijf biedt ook commerciële leningen, leningen voor kleine bedrijven, landbouwleningen en vastgoedleningen voor de financiering van industriële en commerciële eigendommen, apparatuur, voorraden, debiteuren, acquisitie en algemene bedrijfsdoeleinden; en commerciële leasing, treasury management, betalingsdiensten, Fedwires, ACH- en merchant-diensten en pensioenplanningsdiensten, evenals bouw- en permanente leningen en tax equity-investeringen voor gemeenschappelijke zonne-energieprojecten, commerciële en industriële projecten, projecten voor kleine nutsbedrijven, universiteitsprojecten en gemeentelijke projecten.

1st Source Corporation Samenvatting

Hoe verhouden de winst en inkomsten van 1st Source zich tot de beurswaarde?
SRCE fundamentele statistieken
MarktkapitalisatieUS$1.95b
Inkomsten(TTM)US$159.23m
Inkomsten(TTM)US$426.31m
12.3x
Koers/Winstverhouding
1.5x
P/B-verhouding

Is SRCE overgewaardeerd?

Zie Reële waarde en waarderingsanalyse

Inkomsten en omzet

Belangrijkste winstgevendheidsstatistieken uit het laatste winstverslag (TTM)
SRCE resultatenrekening (TTM)
InkomstenUS$426.31m
Kosten van inkomstenUS$0
BrutowinstUS$426.31m
Overige uitgavenUS$267.08m
InkomstenUS$159.23m

Laatst gerapporteerde inkomsten

Mar 31, 2026

Volgende inkomensdatum

n.v.t.

Winst per aandeel (EPS)6.62
Brutomarge100.00%
Nettowinstmarge37.35%
Schuld/Eigen Vermogen Verhouding30.1%

Hoe presteerde SRCE op de lange termijn?

Bekijk historische prestaties en vergelijking

Dividenden

2.1%
Huidig dividendrendement
25%
Uitbetalingsratio

Bedrijfsanalyse en status van financiële gegevens

GegevensLaatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse2026/07/10 05:52
Aandelenkoers aan het einde van de dag2026/07/10 00:00
Inkomsten2026/03/31
Jaarlijkse inkomsten2025/12/31

Gegevensbronnen

De gegevens die gebruikt zijn in onze bedrijfsanalyse zijn afkomstig van S&P Global Market Intelligence LLC. De volgende gegevens worden gebruikt in ons analysemodel om dit rapport te genereren. De gegevens zijn genormaliseerd, waardoor er een vertraging kan optreden voordat de bron beschikbaar is.

PakketGegevensTijdframeVoorbeeld Amerikaanse bron *
Financiële gegevens bedrijf10 jaar
  • Resultatenrekening
  • Kasstroomoverzicht
  • Balans
Consensus schattingen analisten+3 jaar
  • Financiële prognoses
  • Koersdoelen analisten
Marktprijzen30 jaar
  • Aandelenprijzen
  • Dividenden, splitsingen en acties
Eigendom10 jaar
  • Top aandeelhouders
  • Handel met voorkennis
Beheer10 jaar
  • Leiderschapsteam
  • Raad van bestuur
Belangrijkste ontwikkelingen10 jaar
  • Bedrijfsaankondigingen

* Voorbeeld voor effecten uit de VS, voor niet-Amerikaanse effecten worden gelijkwaardige formulieren en bronnen gebruikt.

Tenzij anders vermeld zijn alle financiële gegevens gebaseerd op een jaarperiode, maar worden ze elk kwartaal bijgewerkt. Dit staat bekend als Trailing Twelve Month (TTM) of Last Twelve Month (LTM) gegevens. Meer informatie.

Analysemodel en Snowflake

Details van het analysemodel dat is gebruikt om dit rapport te genereren zijn beschikbaar op onze Github-pagina, we hebben ook handleidingen over hoe u onze rapporten kunt gebruiken en tutorials op YouTube.

Leer meer over het team van wereldklasse dat het Simply Wall St-analysemodel heeft ontworpen en gebouwd.

Industrie en sector

Onze industrie- en sectormetrics worden elke 6 uur berekend door Simply Wall St, details van ons proces zijn beschikbaar op Github.

Bronnen van analisten

1st Source Corporation wordt gevolgd door 4 analisten. 3 van deze analisten hebben de schattingen van de omzet of winst ingediend die zijn gebruikt als input voor ons rapport. Inzendingen van analisten worden de hele dag door bijgewerkt.

AnalistInstelling
null nullD.A. Davidson & Co.
Peter WinterD.A. Davidson & Co.
Damon DelMonteKeefe, Bruyette, & Woods