1st Source Corporation

1st Source Corporation

SRCEยทNASDAQ

$72.74

-0.26%
Financial ServicesBanks - Regional

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. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

At a Glance

Live Snapshot
Market Cap$1.75B
EPS6.4600
P/E Ratio11.26
Earnings Date07/23/2026
1st Source Corporation

1st Source Corporation Fair Value Envelope

SRCE ยท NASDAQ

Our analysis suggests that SRCE has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $72.74, this represents a potential HIDDEN relative to our calculated worth for 1st Source Corporation.

Intrinsic Value
Current Price: $72.74

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$12.2B
+ Cash & Equivalents$69.2M
Firm Value$12.3B
- Debt$340.7M
Equity Value$12.0B
/ Shares Outstanding24,518,418B
DCF Value$488
UNDERVALUED BY 571%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$261.9M
$307.4M
$360.9M
$423.6M
$497.2M
$583.7M
$685.2M
$804.3M
$944.1M
$1.1B
Maintenance CapEx
-$2.4M
-$2.8M
-$3.3M
-$3.8M
-$4.5M
-$5.3M
-$6.2M
-$7.3M
-$8.5M
-$10.0M
Owner Earnings
$259.5M
$304.7M
$357.6M
$419.8M
$492.8M
$578.4M
$679.0M
$797.0M
$935.5M
$1.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$240.3M
$261.2M
$283.9M
$308.6M
$335.4M
$364.5M
$396.2M
$430.6M
$468.0M
$508.7M
Terminal Value represents 70.6% of Enterprise Value