SRCE Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
No risks detected for SRCE from our risk checks.
My Notes
Capture your thoughts, links and company narrative
1st Source Corporation Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$59.15 |
| 52 Week High | US$68.13 |
| 52 Week Low | US$47.30 |
| Beta | 0.79 |
| 1 Month Change | -7.89% |
| 3 Month Change | -1.89% |
| 1 Year Change | 7.31% |
| 3 Year Change | 22.21% |
| 5 Year Change | 13.79% |
| Change since IPO | 5,385.38% |
Recent News & Updates
1st Source: Loan Growth To Boost Earnings, But Stock Appears Fairly Valued
Nov 191st Source: Positive Earnings Outlook Appears Priced In
Sep 04Recent updates
1st Source: Loan Growth To Boost Earnings, But Stock Appears Fairly Valued
Nov 191st Source: Positive Earnings Outlook Appears Priced In
Sep 04Does 1st Source (NASDAQ:SRCE) Deserve A Spot On Your Watchlist?
Dec 05
1st Source (NASDAQ:SRCE) Has Announced That It Will Be Increasing Its Dividend To $0.34
Oct 241st Source (NASDAQ:SRCE) Is Due To Pay A Dividend Of $0.32
Jul 25With EPS Growth And More, 1st Source (NASDAQ:SRCE) Makes An Interesting Case
Apr 271st Source GAAP EPS of $1.32 beats by $0.16, revenue of $91.12M beats by $2.8M
Oct 20If EPS Growth Is Important To You, 1st Source (NASDAQ:SRCE) Presents An Opportunity
Oct 141st Source Corp.: Moderate Topline Growth To Partially Counter Provision Normalization
Aug 241st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 261st Source Corp.: Earnings To Dip Despite Favorable Economic Factors
Jun 09Here's Why I Think 1st Source (NASDAQ:SRCE) Might Deserve Your Attention Today
Jun 071st Source: Balanced Bank With Attractive Fee Income Mix
Feb 061st Source Corporation: Provision Normalization To Undermine Top Line Growth
Jan 17If You Like EPS Growth Then Check Out 1st Source (NASDAQ:SRCE) Before It's Too Late
Nov 291st Source's (NASDAQ:SRCE) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 251st Source: Waning Stimulus Effects Likely Weigh On Reported Profitability
Oct 251st Source: Revising Up The Earnings Estimate Because Of Better Than Expected Credit Performance
Jul 311st Source's (NASDAQ:SRCE) Dividend Will Be Increased To US$0.31
Jul 261st Source: Portfolio's Credit Risk In The Limelight
May 09Is 1st Source Corporation (NASDAQ:SRCE) A Smart Pick For Income Investors?
Mar 031st Source goes ex-dividend on Monday
Jan 29Shareholder Returns
| SRCE | US Banks | US Market | |
|---|---|---|---|
| 7D | -6.6% | -5.5% | -3.5% |
| 1Y | 7.3% | 27.2% | 22.1% |
Return vs Industry: SRCE underperformed the US Banks industry which returned 27.2% over the past year.
Return vs Market: SRCE underperformed the US Market which returned 22.1% over the past year.
Price Volatility
| SRCE volatility | |
|---|---|
| SRCE Average Weekly Movement | 5.0% |
| Banks Industry Average Movement | 5.3% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: SRCE has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: SRCE's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1863 | 1,170 | Chris Murphy | www.1stsource.com |
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. Its 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. The company also offers 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.
1st Source Corporation Fundamentals Summary
| SRCE fundamental statistics | |
|---|---|
| Market cap | US$1.45b |
| Earnings (TTM) | US$128.38m |
| Revenue (TTM) | US$369.01m |
11.3x
P/E Ratio1.3x
P/B RatioIs SRCE overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SRCE income statement (TTM) | |
|---|---|
| Revenue | US$369.01m |
| Cost of Revenue | US$0 |
| Gross Profit | US$369.01m |
| Other Expenses | US$240.63m |
| Earnings | US$128.38m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
Jan 23, 2025
| Earnings per share (EPS) | 5.24 |
| Gross Margin | 100.00% |
| Net Profit Margin | 34.79% |
| Debt/Equity Ratio | 24.2% |
How did SRCE perform over the long term?
See historical performance and comparisonDividends
2.4%
Current Dividend Yield27%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 00:37 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
1st Source Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | D.A. Davidson & Co. |
| Peter Winter | D.A. Davidson & Co. |
| Damon DelMonte | Keefe, Bruyette, & Woods |