1st Source Corporation (SRCE)

NASDAQ: SRCE · IEX Real-Time Price · USD
59.60
-0.57 (-0.95%)
Jul 19, 2024, 4:30 PM EDT - Market closed
-0.95%
Market Cap 1.46B
Revenue (ttm) 361.04M
Net Income (ttm) 123.26M
Shares Out 24.49M
EPS (ttm) 4.97
PE Ratio 11.99
Forward PE 12.47
Dividend $1.36 (2.25%)
Ex-Dividend Date May 3, 2024
Volume 254,295
Open 60.23
Previous Close 60.17
Day's Range 59.36 - 60.76
52-Week Range 40.96 - 62.80
Beta 0.79
Analysts Buy
Price Target 56.50 (-5.2%)
Earnings Date Jul 30, 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]

Sector Financials
Founded 1863
Employees 1,170
Stock Exchange NASDAQ
Ticker Symbol SRCE
Full Company Profile

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 $124.93 million, an increase of 3.67%.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for SRCE stock is "Buy." The 12-month stock price forecast is $56.5, which is a decrease of -5.20% from the latest price.

Price Target
$56.5
(-5.20% downside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

17 days ago - Newsfile Corp

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...

2 months ago - Newsfile Corp

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...

2 months ago - Newsfile Corp

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...

3 months ago - Newsfile Corp

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...

3 months ago - Newsfile Corp

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...

6 months ago - Newsfile Corp

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...

9 months ago - Newsfile Corp

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...

1 year ago - Newsfile Corp

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...

Other symbols: PRGS
1 year ago - Market Watch

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...

1 year ago - Newsfile Corp

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...

1 year ago - Newsfile Corp

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...

1 year ago - Newsfile Corp

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 ...

2 years ago - Business Wire

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 th...

3 years 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

3 years ago - Business Wire

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

3 years ago - Business Wire

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 th...

3 years ago - Benzinga

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

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

3 years 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 th...

4 years 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

4 years ago - Business Wire

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

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

4 years ago - Business Wire