Financial Services - Banks - Regional - NASDAQ - US
$ 64.92
-0.81 %
$ 1.59 B
Market Cap
12.37
P/E
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.[ Read More ]
The intrinsic value of one SRCE stock under the base case scenario is HIDDEN Compared to the current market price of 64.9 USD, 1st Source Corporation is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart SRCE
FINANCIALS
363 M
REVENUE
0
OPERATING INCOME
125 M
NET INCOME
188 M
OPERATING CASH FLOW
-358 M
INVESTING CASH FLOW
177 M
FINANCING CASH FLOW
97.9 M
REVENUE
45.4 M
OPERATING INCOME
34.9 M
NET INCOME
68.4 M
OPERATING CASH FLOW
34.8 M
INVESTING CASH FLOW
-203 M
FINANCING CASH FLOW
Balance Sheet Decomposition
1st Source Corporation
| Current Assets | 106 M |
| Cash & Short-Term Investments | 106 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 9.95 B |
| Long-Term Investments | 1.65 B |
| PP&E | 88.2 M |
| Other Non-Current Assets | 8.21 B |
| Current Liabilities | 151 M |
| Accounts Payable | 0 |
| Short-Term Debt | 257 M |
| Other Current Liabilities | -105 M |
| Non-Current Liabilities | 7.51 B |
| Long-Term Debt | 85 M |
| Other Non-Current Liabilities | 7.42 B |
EFFICIENCY
Earnings Waterfall
1st Source Corporation
| Revenue | 363 M |
| Cost Of Revenue | 0 |
| Gross Profit | 363 M |
| Operating Expenses | 369 M |
| Operating Income | 0 |
| Other Expenses | -125 M |
| Net Income | 125 M |
RATIOS
100.00%
GROSS MARGIN
0.00%
OPERATING MARGIN
34.38%
NET MARGIN
12.62%
ROE
1.43%
ROA
0.00%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
1st Source Corporation
| Net Income | 125 M |
| Depreciation & Amortization | 15.5 M |
| Capital Expenditures | -5.98 M |
| Stock-Based Compensation | 4.89 M |
| Change in Working Capital | 40 M |
| Others | 28.6 M |
| Free Cash Flow | 182 M |
Wall Street Analysts Price Targets
1st Source Corporation
Wall Street analysts predict an average 1-year price target for SRCE of $61 , with forecasts ranging from a low of $60 to a high of $62 .
SRCE Lowest Price Target
Wall Street Target
60 USD
-7.58%
SRCE Average Price Target
Wall Street Target
61 USD
-6.04%
SRCE Highest Price Target
Wall Street Target
62 USD
-4.50%
4. DIVIDEND ANALYSIS
0.62%
DIVIDEND YIELD
0.36 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
1st Source Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
158 K USD 1
6-9 MONTHS
39.2 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
49.6 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
3 months ago
Aug 02, 2024
|
Sell 59.8 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 1000
|
59.83 USD |
|
5 months ago
Jun 06, 2024
|
Sell 97.9 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 1925
|
50.84 USD |
|
5 months ago
May 29, 2024
|
Bought 49.6 K USD
|
FITZPATRICK DANIEL B
Director |
+ 1000
|
49.65 USD |
|
8 months ago
Mar 05, 2024
|
Sell 511 USD
|
Buhr Jeffrey L
Executive Vice President |
- 10
|
51.11 USD |
|
8 months ago
Mar 05, 2024
|
Sell 38.7 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 751
|
51.53 USD |
|
1 year ago
May 03, 2023
|
Bought 40.7 K USD
|
FITZPATRICK DANIEL B
Director |
+ 1000
|
40.74 USD |
|
1 year ago
Apr 24, 2023
|
Bought 21.9 K USD
|
SCHWABERO MARK D
Director |
+ 495
|
44.32 USD |
|
1 year ago
Mar 13, 2023
|
Bought 45.2 K USD
|
FITZPATRICK DANIEL B
Director |
+ 1000
|
45.21 USD |
|
3 years ago
Jul 29, 2021
|
Bought 22 K USD
|
SCHWABERO MARK D
Director |
+ 500
|
43.93 USD |
|
2 years ago
Jul 26, 2022
|
Bought 18.9 K USD
|
SCHWABERO MARK D
director: |
+ 400
|
47.21 USD |
|
2 years ago
May 03, 2022
|
Bought 43.1 K USD
|
FITZPATRICK DANIEL B
director: |
+ 1000
|
43.13 USD |
|
2 years ago
Feb 14, 2022
|
Bought 48.7 K USD
|
FITZPATRICK DANIEL B
Director |
+ 1000
|
48.69 USD |
|
2 years ago
Dec 13, 2021
|
Bought 94.3 K USD
|
FITZPATRICK DANIEL B
Director |
+ 2000
|
47.14 USD |
|
3 years ago
Jul 27, 2021
|
Bought 108 K USD
|
FITZPATRICK DANIEL B
Director |
+ 2500
|
43.34 USD |
|
3 years ago
Jun 09, 2021
|
Sell 110 K USD
|
Short Andrea G
Treasurer and CFO |
- 2200
|
49.97 USD |
|
3 years ago
Mar 15, 2021
|
Sell 147 K USD
|
PHAIR JOHN T
Director |
- 3085
|
47.76 USD |
|
3 years ago
Feb 03, 2021
|
Bought 171 K USD
|
BIRMINGHAM MELODY
Director |
+ 4300
|
39.8 USD |
|
3 years ago
Feb 03, 2021
|
Sell 251 K USD
|
BIRMINGHAM MELODY
Director |
- 6285
|
39.87 USD |
|
4 years ago
May 01, 2020
|
Bought 33.2 K USD
|
SCHWABERO MARK D
Director |
+ 1000
|
33.16 USD |
|
4 years ago
Mar 13, 2020
|
Bought 80.7 K USD
|
Murphy Carmen C
10 percent owner |
+ 2500
|
32.28 USD |
|
4 years ago
Mar 13, 2020
|
Bought 80.7 K USD
|
MURPHY CHRISTOPHER J III
Chairman, CEO |
+ 2500
|
32.28 USD |
|
4 years ago
Mar 12, 2020
|
Bought 71.9 K USD
|
MURPHY CHRISTOPHER J III
Chairman, CEO |
+ 2500
|
28.76 USD |
|
4 years ago
Mar 12, 2020
|
Bought 71.9 K USD
|
Murphy Carmen C
Director |
+ 2500
|
28.76 USD |
|
4 years ago
Mar 12, 2020
|
Bought 71.9 K USD
|
Murphy Carmen C
10 percent owner |
+ 2500
|
28.76 USD |
|
4 years ago
Mar 09, 2020
|
Bought 17.7 K USD
|
FITZPATRICK DANIEL B
Director |
+ 500
|
35.33 USD |
|
4 years ago
Mar 06, 2020
|
Bought 20.4 K USD
|
FITZPATRICK DANIEL B
Director |
+ 500
|
40.9 USD |
|
4 years ago
Mar 03, 2020
|
Bought 21.1 K USD
|
FITZPATRICK DANIEL B
Director |
+ 500
|
42.21 USD |
|
5 years ago
Nov 08, 2019
|
Sell 150 K USD
|
GRIFFITH JOHN B
Exec VP / Secy 1st Source Bank |
- 2896
|
51.78 USD |
|
5 years ago
Aug 23, 2019
|
Bought 88.7 K USD
|
Afleck-Graves John
Director |
+ 2000
|
44.3395 USD |
|
6 years ago
Aug 03, 2018
|
Sell 82.6 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 1450
|
56.98 USD |
|
6 years ago
Aug 01, 2018
|
Sell 31.3 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 550
|
56.92 USD |
|
6 years ago
Apr 24, 2018
|
Bought 2.68 K USD
|
Birmingham-Byrd Melody
Director |
+ 50
|
53.56 USD |
|
6 years ago
Mar 09, 2018
|
Sell 260 K USD
|
Egidi Allison N
Director |
- 5000
|
52 USD |
|
6 years ago
Mar 09, 2018
|
Sell 184 K USD
|
Egidi Allison N
Director |
- 3500
|
52.5 USD |
|
9 years ago
Feb 13, 2015
|
Sell 12.6 USD
|
KAPSON CRAIG A
Director |
- 0.4
|
31.59 USD |
|
9 years ago
Feb 13, 2015
|
Sell 22.1 USD
|
KAPSON CRAIG A
Director |
- 0.7
|
31.59 USD |
|
7 years ago
Jan 24, 2017
|
Sell 46 K USD
|
Buhr Jeffrey L
Executive Vice President |
- 1000
|
46 USD |
|
7 years ago
Nov 28, 2016
|
Sell 97.7 K USD
|
GRIFFITH JOHN B
Exec VP / Secy 1st Source Bank |
- 2500
|
39.08 USD |
|
8 years ago
Jul 25, 2016
|
Sell 244 K USD
|
Wessell Steven J
Executive Vice President |
- 7398
|
33.01 USD |
|
8 years ago
Jul 25, 2016
|
Sell 1.65 K USD
|
Wessell Steven J
Executive Vice President |
- 50
|
33 USD |
|
8 years ago
Jul 25, 2016
|
Sell 12.1 K USD
|
Wessell Steven J
Executive Vice President |
- 366
|
33.09 USD |
|
8 years ago
Jul 25, 2016
|
Sell 3.31 K USD
|
Wessell Steven J
Executive Vice President |
- 100
|
33.06 USD |
|
8 years ago
Jul 25, 2016
|
Sell 9.91 K USD
|
Wessell Steven J
Executive Vice President |
- 300
|
33.03 USD |
|
8 years ago
Jul 25, 2016
|
Sell 9.92 K USD
|
Wessell Steven J
Executive Vice President |
- 300
|
33.05 USD |
|
8 years ago
Jul 25, 2016
|
Sell 8.28 K USD
|
Wessell Steven J
Executive Vice President |
- 250
|
33.1 USD |
|
8 years ago
Jul 25, 2016
|
Sell 23.2 K USD
|
Wessell Steven J
Executive Vice President |
- 700
|
33.13 USD |
|
8 years ago
Jul 25, 2016
|
Sell 4.43 K USD
|
Wessell Steven J
Executive Vice President |
- 134
|
33.08 USD |
|
8 years ago
Jul 25, 2016
|
Sell 3.33 K USD
|
Wessell Steven J
Executive Vice President |
- 100
|
33.28 USD |
|
8 years ago
Jul 25, 2016
|
Sell 3.37 K USD
|
Wessell Steven J
Executive Vice President |
- 100
|
33.72 USD |
|
8 years ago
Jul 25, 2016
|
Sell 3.4 K USD
|
Wessell Steven J
Executive Vice President |
- 100
|
34.03 USD |
|
8 years ago
Jul 25, 2016
|
Sell 68.9 USD
|
Wessell Steven J
Executive Vice President |
- 2
|
34.43 USD |
|
8 years ago
Jul 25, 2016
|
Sell 3.41 K USD
|
Wessell Steven J
Executive Vice President |
- 100
|
34.12 USD |
|
8 years ago
May 02, 2016
|
Bought 27.6 K USD
|
KHILNANI VINOD M
Director |
+ 800
|
34.55 USD |
|
8 years ago
May 02, 2016
|
Bought 6.91 K USD
|
KHILNANI VINOD M
Director |
+ 200
|
34.54 USD |
|
8 years ago
Mar 11, 2016
|
Sell 117 K USD
|
GRIFFITH JOHN B
Exec VP / Secy 1st Source Bank |
- 3656
|
32.12 USD |
|
8 years ago
Dec 10, 2015
|
Sell 4.21 M USD
|
Nickle Andrew W.
Director |
- 141688
|
29.7375 USD |
|
8 years ago
Dec 10, 2015
|
Sell 6.79 M USD
|
Nickle Andrew W.
Director |
- 228382
|
29.7375 USD |
|
8 years ago
Dec 10, 2015
|
Sell 4.21 M USD
|
Nickle Ernestine C.
Director |
- 141688
|
29.7375 USD |
|
8 years ago
Dec 10, 2015
|
Sell 6.79 M USD
|
Nickle Ernestine C.
Director |
- 228382
|
29.7375 USD |
|
8 years ago
Dec 10, 2015
|
Sell 4.21 M USD
|
Carmichael Stanley Clark
Director |
- 141688
|
29.7375 USD |
|
8 years ago
Dec 10, 2015
|
Sell 6.79 M USD
|
Carmichael Stanley Clark
Director |
- 228382
|
29.7375 USD |
7. News
1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 2 weeks ago
1st Source (SRCE) Tops Q3 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.
zacks.com
- 3 weeks ago
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 prior year's third quarter of $1.32.
newsfilecorp.com
- 3 weeks ago
Why 1st Source (SRCE) Could Beat Earnings Estimates Again
1st Source (SRCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
zacks.com
- 3 weeks ago
1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
1st Source (SRCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
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-chip bargain buys if you know where to find them. The PEGY Ratio is a wonderful metric that combines valuation, growth, yield, total return and income growth into a single super GARP metric perfect for times like these.
seekingalpha.com
- 1 month ago
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 loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%.
seekingalpha.com
- 2 months ago
All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 3 months ago
1st Source (SRCE) is a Great Momentum Stock: Should You Buy?
Does 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.
zacks.com
- 3 months ago
4 Stocks to Watch on Recent Dividend Hike Announcements
Howmet Aerospace Inc. (HWM), NatWest Group plc (NWG), 1st Source Corporation (SRCE) and Kellanova (K) recently hiked dividends.
zacks.com
- 3 months ago
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 beating benchmarks for long-term portfolio success. Data is sourced from the U.S. Dividend Champions spreadsheet and NASDAQ for companies with at least 5 years of dividend growth.
seekingalpha.com
- 3 months ago
1st Source (SRCE) Beats Q2 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.
zacks.com
- 3 months ago
8. Profile Summary
1st Source Corporation SRCE
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.59 B
Dividend Yield
0.62%
Description
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.
Contact
100 North Michigan Street, South Bend, IN, 46601
https://www.1stsource.com
IPO Date
Aug. 12, 1983
Employees
1170
Officers
Mr. Jeffrey L. Buhr
Executive Vice President & Chief Credit Officer of 1st Source Bank
Mr. Christopher J. Murphy III
Chief Executive Officer & Chairman
Mr. Brett A. Bauer
Senior Vice President, Chief Financial Officer & Treasurer
Mr. Kevin C. Murphy
Executive Vice President & Chief Digital Officer
Mr. Christopher L. Craft CFA, CTP
President & Chief Operating Officer of Specialty Finance Group - 1st Source Bank