SRCE - 1st Source Corp Stock Price, Fair Value and News

52.81USD+0.13 (+0.25%)Market Closed

Market Summary

USD52.81+0.13

Market Closed

0.25%

SRCE Stock Price

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SRCE RSI Chart

SRCE Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

10.49

Price/Sales (Trailing)

2.95

EV/EBITDA

2.75

Price/Free Cashflow

7.31

SRCE Price/Sales (Trailing)

SRCE Profitability

EBT Margin

36.26%

Return on Equity

12.21%

Return on Assets

1.42%

Free Cashflow Yield

13.68%

SRCE Fundamentals

SRCE Revenue

Revenue (TTM)

438.9M

Rev. Growth (Yr)

23.3%

Rev. Growth (Qtr)

1.66%

SRCE Earnings

Earnings (TTM)

123.3M

Earnings Growth (Yr)

-5.36%

Earnings Growth (Qtr)

3.68%

Breaking Down SRCE Revenue

Last 7 days

0.8%

Last 30 days

10.6%

Last 90 days

3.9%

Trailing 12 Months

24.6%

How does SRCE drawdown profile look like?

SRCE Financial Health

SRCE Investor Care

Dividend Yield

2.5%

Dividend/Share (TTM)

1.32

Buy Backs (1Y)

0.80%

Diluted EPS (TTM)

4.97

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	438.9M	0	0	0
2023	326.2M	358.7M	389.6M	416.9M
2022	254.5M	260.8M	270.5M	293.8M
2021	257.6M	255.6M	259.4M	254.8M
2020	281.5M	273.8M	264.0M	263.0M
2019	267.1M	274.9M	281.9M	282.9M
2018	222.3M	233.7M	245.0M	257.3M
2017	194.3M	198.8M	204.9M	212.4M
2016	187.9M	189.6M	191.1M	191.8M
2015	178.8M	180.2M	181.9M	184.7M
2014	179.1M	179.3M	177.5M	178.6M
2013	180.7M	179.5M	180.9M	179.6M
2012	185.6M	183.5M	182.5M	182.1M
2011	198.4M	196.2M	192.6M	187.5M
2010	0	200.5M	200.6M	200.6M
2009	0	0	0	200.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

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Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of 1st Source Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 05, 2024	buhr jeffrey l	sold	-39,210	51.5245	-761	executive vice president
Feb 20, 2024	bauer brett a.	acquired	-	-	1,371	treasurer and cfo
Feb 20, 2024	short andrea g	acquired	-	-	2,873	executive vice president
Feb 20, 2024	griffith john b	acquired	-	-	2,025	exec vp / secy 1st source bank
Feb 20, 2024	buhr jeffrey l	acquired	-	-	2,259	executive vice president
Feb 01, 2024	graham tracy d	acquired	8,475	54.68	155	-
Feb 01, 2024	schurz todd f.	acquired	10,990	54.68	201	-
Feb 01, 2024	affleck-graves john f	acquired	13,451	54.68	246	-
Feb 01, 2024	torres isaac p.	acquired	15,966	54.68	292	-
Feb 01, 2024	schwabero mark d	acquired	10,990	54.68	201	-

Which funds bought or sold SRCE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.52	-104,089	950,951	-%
May 16, 2024	COMERICA BANK	added	12.14	622	10,152	-%
May 16, 2024	JANE STREET GROUP, LLC	sold off	-100	-375,583	-	-%
May 15, 2024	STATE STREET CORP	added	4.46	-102,396	29,581,800	-%
May 15, 2024	MORGAN STANLEY	reduced	-4.73	-443,573	4,421,760	-%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	reduced	-8.54	-6,623,290	45,336,200	0.01%
May 15, 2024	JANUS HENDERSON GROUP PLC	added	0.01	-20,536	415,729	-%
May 15, 2024	KENNEDY CAPITAL MANAGEMENT LLC	reduced	-18.16	-2,379,040	8,467,980	0.17%
May 15, 2024	AMERIPRISE FINANCIAL INC	added	19.83	72,826	581,899	-%
May 15, 2024	CITADEL ADVISORS LLC	new	-	538,144	538,144	-%

Are Funds Buying or Selling SRCE?

Are funds buying SRCE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SRCE

No. of Funds

Unveiling 1st Source Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	6.5%	1,579,147	SC 13G/A
Jan 29, 2024	blackrock inc.	6.1%	1,494,425	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.7%	1,654,221	SC 13G/A
Feb 01, 2023	blackrock inc.	5.9%	1,462,501	SC 13G/A
Feb 09, 2022	carmichael stanley clark	2.8%	684,490	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	6.8%	1,674,523	SC 13G/A
Feb 04, 2022	blackrock inc.	5.3%	1,310,745	SC 13G
Feb 12, 2021	dimensional fund advisors lp	7.2%	1,843,367	SC 13G/A
Feb 01, 2021	carmichael stanley clark	2.6%	668,929	SC 13G/A
Feb 12, 2020	dimensional fund advisors lp	7.77%	1,981,075	SC 13G/A

Recent SEC filings of 1st Source Corp

View All Filings

Date Filed	Form Type	Document
May 06, 2024	8-K	Current Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	8-K	Current Report
Apr 25, 2024	8-K	Current Report
Apr 25, 2024	10-Q	Quarterly Report
Apr 11, 2024	DEFA14A	DEFA14A
Mar 15, 2024	DEF 14A	DEF 14A
Mar 15, 2024	ARS	ARS
Mar 06, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading

Peers (Alternatives to 1st Source Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

1st Source Corp News

Latest updates

1st Source Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.7%	116	115	107	101	94.00	87.00	76.00	68.00	62.00	64.00	67.00	62.00	62.00	69.00	63.00	64.00	68.00	70.00	73.00	72.00	69.00
EBITDA Margin	-5.1%	1.00*	1.06*	1.14*	1.24*	1.33*	1.43*	1.49*	1.52*	1.54*	1.54*	1.51*	1.44*	1.36*	1.26*	1.21*	-	-	-	-	-	-
Interest Expenses	0.8%	72.00	71.00	69.00	69.00	70.00	71.00	69.00	63.00	60.00	60.00	62.00	57.00	57.00	62.00	55.00	54.00	55.00	55.00	57.00	56.00	55.00
Income Taxes	4.0%	8.00	8.00	10.00	10.00	9.00	10.00	10.00	9.00	8.00	9.00	10.00	9.00	9.00	8.00	7.00	6.00	5.00	7.00	8.00	7.00	7.00
Earnings Before Taxes	3.7%	38.00	37.00	43.00	42.00	40.00	41.00	42.00	38.00	35.00	36.00	42.00	40.00	37.00	34.00	27.00	24.00	22.00	29.00	32.00	30.00	29.00
EBT Margin	-6.5%	0.36*	0.39*	0.43*	0.46*	0.50*	0.53*	0.56*	0.58*	0.60*	0.61*	0.59*	0.54*	0.47*	0.40*	0.38*	-	-	-	-	-	-
Net Income	3.7%	29.00	28.00	33.00	32.00	31.00	31.00	33.00	29.00	27.00	28.00	32.00	30.00	28.00	26.00	20.00	19.00	16.00	22.00	24.00	23.00	22.00
Net Income Margin	-6.3%	0.28*	0.30*	0.33*	0.36*	0.38*	0.41*	0.43*	0.45*	0.46*	0.47*	0.45*	0.41*	0.36*	0.31*	0.29*	-	-	-	-	-	-
Free Cashflow	1.5%	41.00	41.00	51.00	44.00	46.00	43.00	44.00	45.00	42.00	60.00	18.00	43.00	42.00	57.00	53.00	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.7%	8,668	8,728	8,525	8,415	8,330	8,339	8,097	8,029	8,012	8,096	7,964	7,719	7,512	7,316	7,291	7,365	6,735	6,623	6,691	6,650	6,379
Cash Equivalents	-37.6%	81.00	130	111	113	94.00	123	118	282	417	525	637	469	336	243	154	180	122	83.00	127	96.00	68.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	48.00	49.00	50.00	51.00	52.00	52.00	52.00	52.00	51.00
Liabilities	-1.0%	7,586	7,660	7,542	7,435	7,361	7,416	7,211	7,119	7,093	7,127	7,008	6,773	6,576	6,386	6,376	6,463	5,858	5,774	5,858	5,845	5,598
Short Term Borrowings	-20.1%	250	312	272	188	303	216	340	168	199	200	216	172	181	151	166	177	283	146	197	186	255
Shareholder's Equity	2.1%	1,010	990	924	980	968	924	886	911	919	969	956	945	936	931	915	902	877	849	833	805	781
Retained Earnings	2.9%	812	790	770	744	719	695	672	647	625	604	584	559	536	514	497	484	473	463	449	431	414
Shares Outstanding	-	24.00	-	25.00	25.00	25.00	-	25.00	25.00	25.00	-	25.00	25.00	25.00	-	26.00	26.00	26.00	-	-	-	-
Minority Interest	-8.9%	72.00	79.00	59.00	59.00	59.00	60.00	60.00	54.00	55.00	53.00	45.00	44.00	44.00	44.00	37.00	37.00	26.00	20.00	20.00	10.00	3.00
Float	-	-	-	-	805	-	-	-	871	-	-	-	907	-	-	-	695	-	-	-	921	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-5.0%	41,960	44,150	52,159	44,774	46,853	43,787	44,790	45,150	41,803	61,687	18,518	44,067	42,489	57,481	52,655	11,052	33,305	51,520	44,276	33,413	35,397
Share Based Compensation	-11.7%	1,310	1,483	1,168	1,119	1,121	1,077	891	887	732	1,252	1,236	841	885	916	858	783	736	696	728	668	673
Cashflow From Investing	84.0%	-23,690	-148,278	-109,968	-75,771	-24,269	-210,176	-255,324	-187,249	-132,123	-301,661	-53,850	-93,810	-149,238	4,543	36,519	-567,302	-56,418	-2,692	-13,145	-208,451	-109,629
Cashflow From Financing	-154.6%	-67,024	122,661	56,269	49,635	-51,344	171,582	46,375	6,970	-17,975	127,879	203,167	183,236	199,656	26,807	-115,194	614,187	62,047	-92,948	-134	203,845	42,834
Dividend Payments	0.0%	8,592	8,590	8,171	8,176	8,137	8,138	8,134	7,912	7,918	7,935	7,997	7,808	7,600	7,388	7,387	7,375	7,614	7,612	7,098	7,137	7,174
Buy Backs	100.0%	-	-1.00	10,293	1,411	766	-	-	4,661	2,175	3,069	9,669	13,777	6,621	6,415	-	-	-	-	1,406	6,421	7,258

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SRCE Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans and leases	$ 109,202	$ 86,689
Investment securities, taxable	6,079	6,648
Investment securities, tax-exempt	260	482
Other	927	637
Total interest income	116,468	94,456
Interest expense:
Deposits	39,744	21,263
Short-term borrowings	3,102	1,393
Subordinated notes	1,061	1,020
Long-term debt and mandatorily redeemable securities	646	1,215
Total interest expense	44,553	24,891
Net interest income	71,915	69,565
Provision for credit losses	6,595	3,049
Net interest income after provision for credit losses	65,320	66,516
Noninterest income:
Mortgage banking	950	802
Insurance commissions	1,776	2,029
Equipment rental	1,671	2,503
Losses on investment securities available-for-sale	0	(44)
Other	4,201	4,844
Total noninterest income	22,156	23,323
Noninterest expense:
Salaries and employee benefits	29,572	28,597
Net occupancy	2,996	2,622
Furniture and equipment	1,149	1,307
Information Technology and Data Processing	6,500	6,157
Depreciation - leased equipment	1,288	2,022
Professional fees	1,345	682
FDIC and other insurance	1,657	1,360
Business development and marketing	1,744	1,972
Other	3,335	4,702
Total noninterest expense	49,586	49,421
Income before income taxes	37,890	40,418
Income tax expense	8,428	9,287
Net income	29,462	31,131
Net (income) loss attributable to noncontrolling interests	(7)	(7)
Net income available to common shareholders	$ 29,455	$ 31,124
Per common share:
Basic net income per common share (in dollars per share)	$ 1.19	$ 1.25
Diluted net income per common share (in dollars per share)	1.19	1.25
Cash dividends (in dollars per share)	$ 0.34	$ 0.32
Basic weighted average common shares outstanding (in shares)	24,459,088	24,687,087
Diluted weighted average common shares outstanding (in shares)	24,459,088	24,687,087
Trust and wealth advisory
Noninterest income:
Trust and wealth advisory, service charges on deposit accounts, and debit card income	$ 6,287	$ 5,679
Service charges on deposit accounts
Noninterest income:
Trust and wealth advisory, service charges on deposit accounts, and debit card income	3,070	3,003
Debit card
Noninterest income:
Trust and wealth advisory, service charges on deposit accounts, and debit card income	$ 4,201	$ 4,507

About 1st Source Corp

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. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

CEO	Mr. Christopher J. Murphy III
WEBSITE	1stsource.com
INDUSTRY	Banks Diversified
EMPLOYEES	1150

1st Source Corp Frequently Asked Questions

What is the ticker symbol for 1st Source Corp? What does SRCE stand for in stocks?

SRCE is the stock ticker symbol of 1st Source Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of 1st Source Corp (SRCE)?

As of Fri May 17 2024, market cap of 1st Source Corp is 1.29 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SRCE stock?

You can check SRCE's fair value in chart for subscribers.

What is the fair value of SRCE stock?

You can check SRCE's fair value in chart for subscribers. The fair value of 1st Source Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of 1st Source Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SRCE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is 1st Source Corp a good stock to buy?

The fair value guage provides a quick view whether SRCE is over valued or under valued. Whether 1st Source Corp is cheap or expensive depends on the assumptions which impact 1st Source Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SRCE.

What is 1st Source Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, SRCE's PE ratio (Price to Earnings) is 10.49 and Price to Sales (PS) ratio is 2.95. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SRCE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on 1st Source Corp's stock?

In the past 10 years, 1st Source Corp has provided 0.089 (multiply by 100 for percentage) rate of return.