1st Source Corporation (SRCE)
| Market Cap | 1.57B |
| Revenue (ttm) | 388.84M |
| Net Income (ttm) | 139.42M |
| Shares Out | 24.56M |
| EPS (ttm) | 5.69 |
| PE Ratio | 11.27 |
| Forward PE | 10.93 |
| Dividend | $1.52 (2.37%) |
| Ex-Dividend Date | May 5, 2025 |
| Volume | 76,057 |
| Open | 64.48 |
| Previous Close | 64.83 |
| Day's Range | 64.07 - 64.48 |
| 52-Week Range | 52.14 - 68.13 |
| Beta | 0.66 |
| Analysts | Buy |
| Price Target | 72.00 (+12.38%) |
| Earnings Date | Jul 24, 2025 |
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 in the United States. The company’s 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 o... [Read more]
Financial Performance
In 2024, 1st Source's revenue was $374.66 million, an increase of 3.10% compared to the previous year's $363.40 million. Earnings were $131.40 million, an increase of 6.19%.
Financial StatementsAnalyst Summary
According to 2 analysts, the average rating for SRCE stock is "Buy." The 12-month stock price target is $72.0, which is an increase of 12.38% from the latest price.
News
1st Source Corporation: Fairly Valued And Conservative Management
1st Source demonstrates steady growth, conservative underwriting, and efficient cost control, resulting in strong credit quality and attractive long-term performance. Current valuation is fair, with a...
1st Source Announces Promotion of Brian Duba to General Counsel and Secretary
South Bend, Indiana--(Newsfile Corp. - May 20, 2025) - 1st Source Corporation, (NASDAQ: SRCE) along with Chairman and CEO Christopher J. Murphy III are pleased to announce the Board of Directors' prom...
1st Source Makes KBW Bank Honor Roll for 7th Consecutive Year
Among 16 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 15, 2025) - 1st Source (NASDAQ: SRCE) is pleased to announce that it made the annual B...
1st Source Corporation Reports Record First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was a record $37.52 million for the quarter, up $6.08 million or 19.35% from the previous quarter and up $8.07 million or 27.38% from the first quarter of 2024. Diluted...
1st Source Again Ranked in Top 50 Community Banks by S&P Global
S&P Global Market Intelligence's Top 50 Community Banks $3B-$10B South Bend, Indiana--(Newsfile Corp. - April 3, 2025) - 1st Source Corporation (NASDAQ: SRCE) is pleased to announce that they ranked #...
1st Source Bank Named Among America's Best Midsize Employers for Fourth Year
South Bend, Indiana--(Newsfile Corp. - March 11, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were named once again to Forbes' list of America's Best Midsize Employers. This...
1st Source Corporation: Tariff Resumption Could Hurt Specialty Finance Division; Maintaining Hold Rating
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 ne...
1st Source Bank Named One of America's Best Banks by Forbes
Ranked #26 in Top 100 U.S. Banks South Bend, Indiana--(Newsfile Corp. - February 27, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were once again named to Forbes' America's ...
1st Source Bank Joins U.S. Faster Payments Council
South Bend, Indiana--(Newsfile Corp. - February 4, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that it has joined the U.S. Faster Payments Council (FPC). This industry-led membership...
1st Source To Achieve Superior Operating Leverage, Profitability In 2025: Analyst
1st Source Corp SRCE appears geared up for better-than-average operating leverage and profitability in 2025, according to Piper Sandler.
1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $132.62 million for the year of 2024, up 6.16% from 2023 and was $31.44 million for the fourth quarter of 2024, down 10.02% from the previous...
9 Dividend Aristocrat Bargains To Buy With The Market Near Record Highs
These 9 Dividend Aristocrat PEGY bargains offer a 3.1% yield and are trading at a 51% discount to historical PEGY ratios. Analysts project a 55% 12-month upside potential and a 15% CAGR over the next ...
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the ...
11 Great Dividend Aristocrat Bargain Buys For The Market At Record Highs
The bond market anticipated the Fed's 0.5% rate cut, which led to a positive market reaction and record highs for the S&P. A strong economy with falling interest rates is the ideal backdrop for blue-c...
1st Source: Positive Earnings Outlook Appears Priced In
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 loa...
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from t...
1st Source Bank Named a Best Company to Work For in the Midwest by U.S. News & World Report
South Bend, Indiana--(Newsfile Corp. - July 2, 2024) - U.S. News & World Report recently announced that 1st Source Bank (NASDAQ: SRCE) received an award for "Best Companies to Work For - Midwest" in t...
1st Source Bank Makes KBW Bank Honor Roll for 6th Consecutive Year
Among 18 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 9, 2024) - 1st Source Bank (NASDAQ: SRCE) once again made the annual Bank Honor Roll b...
1st Source Corporation Announces the Promotion of Andrea Short to President
Short continues role as President and CEO of 1st Source Bank South Bend, Indiana--(Newsfile Corp. - May 1, 2024) - Christopher J Murphy III, Chairman and CEO of 1st Source Corporation (NASDAQ: SRCE) a...
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net inco...
10 Upcoming Dividend Increases, Including A Dividend King
Insights are provided on upcoming dividend increases, indicating strong business performance and a commitment to rewarding shareholders. The lists are created by combining data on companies with a his...
1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Increased
QUARTERLY HIGHLIGHTS Net income was a record $32.94 million for the quarter, up $0.20 million or 0.62% from the third quarter of 2022. Diluted net income per common share was $1.32, equal to the prior...
1st Source Corporation Reports Strong Second Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $32.44 million for the quarter, up $3.12 million or 10.65% from the second quarter of 2022. Diluted net income per common share was $1.30, up $0.12 or 10.17% from t...
1st Source Bank says it is another victim of Progress Software's MOVEit hack
1st Source Corp.'s S, +2.10% 1st Source Bank said Monday it is one of the several companies impacted by a cyberattack involving Progress Software Corp. PRGS, +0.90% file-transfer software. The company...
1st Source Performance Earns Inclusion in the KBW Bank Honor Roll Among Top Performing Banks in Country
Named among 14 banking institutions with 10 years of increased earnings per share South Bend, Indiana--(Newsfile Corp. - April 25, 2023) - Keefe, Bruyette & Woods, Inc. (KBW) recently announced the ye...