1st Source Corporation (SRCE)

NASDAQ: SRCE · IEX Real-Time Price · USD
46.30
-0.44 (-0.94%)
Sep 30, 2022 4:00 PM EDT - Market closed
-0.94%
Market Cap 1.14B
Revenue (ttm) 339.61M
Net Income (ttm) 116.91M
Shares Out 24.66M
EPS (ttm) 4.69
PE Ratio 9.87
Forward PE n/a
Dividend $1.25 (2.70%)
Ex-Dividend Date Aug 1, 2022
Volume 30,843
Open 46.71
Previous Close 46.74
Day's Range 46.19 - 47.35
52-Week Range 42.29 - 52.70
Beta 0.96
Analysts Buy
Price Target 51.34 (+10.9%)
Earnings Date Oct 20, 2022

About SRCE

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 ... [Read more...]

Industry Banks
Founded 1863
Employees 1,130
Stock Exchange NASDAQ
Ticker Symbol SRCE
Full Company Profile

Financial Performance

In 2021, 1st Source's revenue was $341.03 million, an increase of 16.11% compared to the previous year's $293.71 million. Earnings were $118.53 million, an increase of 45.55%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for SRCE stock is "Buy." The 12-month stock price forecast is 51.34, which is an increase of 10.89% from the latest price.

Price Target
$51.34
(10.89% upside)
Analyst Consensus: Buy
Stock Forecasts

News

1st Source (SRCE) Q2 Earnings Beat Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 11.32% and 0.47%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

1st Source Corporation Reports Second Quarter Results, a Record Quarter Adjusted for PPP Income Due to Government Res...

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $29.31 million for the second quarter of 2022, down 3....

2 months ago - Business Wire

1st Source (SRCE) Q1 Earnings and Revenues Top Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 10% and 0.56%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

1st Source Corporation Reports First Quarter Results, Cash Dividend Declared

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports First Quarter Results, Cash Dividend Declared

5 months ago - Business Wire

After Plunging 11.3% in 4 Weeks, Here's Why the Trend Might Reverse for 1st Source (SRCE)

The heavy selling pressure might have exhausted for 1st Source (SRCE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts i...

5 months ago - Zacks Investment Research

1st Source (SRCE) Upgraded to Buy: What Does It Mean for the Stock?

1st Source (SRCE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

6 months ago - Zacks Investment Research

1st Source (SRCE) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

1st Source (SRCE) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a tr...

8 months ago - Zacks Investment Research

1st Source (SRCE) Lags Q4 Earnings and Revenue Estimates

1st Source (SRCE) delivered earnings and revenue surprises of -6.72% and 2.79%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

8 months ago - Zacks Investment Research

1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues

8 months ago - Business Wire

1st Source (SRCE) Earnings Expected to Grow: Should You Buy?

1st Source (SRCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

8 months ago - Zacks Investment Research

1st Source (SRCE) Q3 Earnings and Revenues Beat Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 18.35% and 3.57%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

11 months ago - Zacks Investment Research

1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared

11 months ago - Business Wire

1st Source (SRCE) Beats Q2 Earnings Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 12.26% and -3.16%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

1st Source: Q2 Earnings Insights

Shares of 1st Source (NASDAQ:SRCE) increased in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 65.28% year over year to $1.19, which beat the ...

1 year ago - Benzinga

1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Increased

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Record Second Quarter Results, Cash Dividend Increased

1 year ago - Business Wire

1st Source (SRCE) Reports Next Week: Wall Street Expects Earnings Growth

1st Source (SRCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

3 Reasons to Invest in 1st Source (SRCE) Stock Right Now

Strong fundamentals and prospects make 1st Source (SRCE) stock a wise investment option now.

1 year ago - Zacks Investment Research

1st Source (SRCE) Q1 Earnings Top Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 25.00% and -0.14%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

1st Source Corporation Reports Record First Quarter Results, Cash Dividend Increased

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Record First Quarter Results, Cash Dividend Increased

1 year ago - Business Wire

1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Q1 Release

1st Source (SRCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

1st Source (SRCE) Q4 Earnings and Revenues Surpass Estimates

1st Source (SRCE) delivered earnings and revenue surprises of 49.28% and 6.52%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Recap: 1st Source Q4 Earnings

Shares of 1st Source (NASDAQ:SRCE) fell 1.9% in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 19.77% year over year to $1.03, which beat the ...

1 year ago - Benzinga

1st Source Corporation Reports Earnings for Full Year and Fourth Quarter 2020, Cash Dividend Increased, History of In...

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Earnings for Full Year and Fourth Quarter 2020, Cash Dividend Increased, History of Increased Dividends Continues

1 year ago - Business Wire

1st Source: Q3 Earnings Insights

Shares of 1st Source (NASDAQ:SRCE) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 17.89% year over year to $0.78, which beat the ...

1 year ago - Benzinga

1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared

SOUTH BEND, Ind.--(BUSINESS WIRE)--1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared

1 year ago - Business Wire