1st Source Corporation (SRCE)
| Market Cap | 1.46B |
| Revenue (ttm) | 367.02M |
| Net Income (ttm) | 126.37M |
| Shares Out | 24.51M |
| EPS (ttm) | 5.16 |
| PE Ratio | 11.55 |
| Forward PE | 11.60 |
| Dividend | $1.44 (2.42%) |
| Ex-Dividend Date | Aug 5, 2024 |
| Volume | 69,588 |
| Open | 62.03 |
| Previous Close | 61.85 |
| Day's Range | 59.37 - 62.03 |
| 52-Week Range | 43.30 - 65.63 |
| Beta | 0.77 |
| Analysts | Hold |
| Price Target | 64.75 (+8.7%) |
| Earnings Date | Oct 24, 2024 |
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]
Financial Performance
In 2023, 1st Source's revenue was $363.40 million, an increase of 6.42% compared to the previous year's $341.49 million. Earnings were $123.74 million, an increase of 3.53%.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for SRCE stock is "Hold." The 12-month stock price forecast is $64.75, which is an increase of 8.70% from the latest price.
News
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...
7 Upcoming Dividend Increases
The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and bea...
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 Bank Named One of America's Best Banks by Forbes
Ranked #14 in Top 100 U.S. Banks and Top Bank in Indiana South Bend, Indiana--(Newsfile Corp. - April 26, 2024) - 1st Source Bank is pleased to announce their #14 ranking on Forbes' America's Best Ban...
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...
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 $124.93 million for the year of 2023, up 3.67% from 2022 and was $28.43 million for the fourth quarter of 2023, down 13.69% from the previous...
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...
1st Source Corporation Elects New Member to its Board of Directors, Three Existing Directors Re-Elected
South Bend, Indiana--(Newsfile Corp. - April 21, 2023) - 1st Source Corporation announces the re-election of three board members - Christopher J. Murphy III, Chairman, President and Chief Executive Of...
1st Source Corporation Reports Strong First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $31.12 million for the quarter, up $3.73 million or 13.63% from the first quarter of 2022. Diluted net income per common share was $1.25, up $0.15 or 13.64% from th...
1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Declared
SOUTH BEND, Ind.
1st Source Corporation Reports Second Quarter Results, a Record Quarter Adjusted for PPP Income Due to Government Response to COVID-19; Cash Dividend Increased
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 ...
1st Source: Balanced Bank With Attractive Fee Income Mix
The Specialty Finance segment helps with consistent, less rate-sensitive NIM. Wealth management and insurance offices drive fee income.
Dividend Champions On Sale - The December 2021 Heat Map
Dividend Champions can form the cornerstone of any income-oriented portfolio, but most of us don't have enough time to analyze all 139 stocks thoroughly. To represent the trade-off between quality and...
Dividend Champions On Sale - The October 2021 Heat Map
Dividend Champions can form the cornerstone of any income-oriented portfolio, but most of us don't have enough time to analyze all 140 stocks thoroughly. To represent the trade-off between quality and...
1st Source Corp. Is One Of The Best Fast-Growing Dividend Aristocrats Retirees Can Safely Buy Today
One of the greatest bull markets in history has made the S&P 500 28% overvalued, and so analysts expect just 30% total returns over the next 5 years. The dividend aristocrats are also 28% overvalued, ...
1st Source: Revising Up The Earnings Estimate Because Of Better Than Expected Credit Performance
An improvement in the portfolio's credit quality will likely lead to lower provision expense this year than previously expected. The economic revival will likely chiefly drive loan growth.