1st Source Corporation SRCE
- Market cap
- $2.1B
- P/E
- 12.4×
Follow SRCE
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.01 | 42.15 | 38.44 | 39.11 | 26.07 | 38.73 | 42.29 | 38.77 | 47.30 | 52.14 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 45.61 | 53.29 | 59.33 | 53.42 | 52.16 | 51.20 | 59.94 | 56.59 | 68.13 | 67.77 |
High Price
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| 1,150 | 1,125 | 1,150 | 1,175 | 1,175 | 1,130 | 1,150 | 1,170 | 1,205 | 1,190 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Revenue/Emp
|
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| 281 | 311 | 354 | 384 | 367 | 355 | 385 | 508 | 570 | 600 |
Revenue
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| 92.13% | 91.40% | 87.75% | 84.63% | 89.86% | 94.89% | 92.12% | 72.76% | 67.88% | 72.30% |
Gross Margin
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| 89 | 101 | 105 | 120 | 106 | 155 | 157 | 162 | 171 | 204 |
EBT
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| 31.75% | 32.58% | 29.64% | 31.29% | 28.98% | 43.65% | 40.72% | 31.86% | 29.99% | 34.06% |
EBT Margin
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| 58 | 68 | 82 | 92 | 81 | 119 | 121 | 125 | 133 | 158 |
Net Income
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| 34 | 37 | 36 | 39 | 37 | 31 | 23 | 19 | 14 | 8 |
Depreciation
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| 10.85 | 12.00 | 13.66 | 15.00 | 14.37 | 14.17 | 15.60 | 20.62 | 23.28 | 24.50 |
Revenue/Sh
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| 2.22 | 2.60 | 3.16 | 3.57 | 3.17 | 4.70 | 4.84 | 5.03 | 5.36 | 6.41 |
Earnings/Sh
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| 3.79 | 5.39 | 6.16 | 6.43 | 6.05 | 6.66 | 7.11 | 7.63 | 7.91 | 9.11 |
Cash Flow/Sh
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| (1.42) | (1.66) | (0.41) | 0.15 | 1.33 | 0.18 | 0.28 | 0.01 | (0.13) | (0.09) |
Capex/Sh
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| 2.37 | 3.73 | 5.75 | 6.58 | 7.38 | 6.84 | 7.39 | 7.65 | 7.78 | 9.03 |
Free CF/Sh
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| 25.99 | 27.71 | 29.44 | 33.15 | 36.46 | 38.72 | 37.42 | 43.40 | 48.23 | 53.83 |
Book Value/Sh
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| 26 | 26 | 26 | 26 | 26 | 25 | 25 | 25 | 24 | 24 |
Shares
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| 20.05 | 19.02 | 12.81 | 14.49 | 12.71 | 10.58 | 10.88 | 10.84 | 10.89 | 9.75 |
PE Ratio
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| 4.10 | 4.14 | 2.95 | 3.46 | 2.80 | 3.50 | 3.38 | 2.64 | 2.51 | 2.55 |
PS Ratio
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| 1.71 | 1.79 | 1.37 | 1.57 | 1.11 | 1.28 | 1.41 | 1.26 | 1.21 | 1.16 |
PB Ratio
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| 4.19 | 4.30 | 3.04 | 3.58 | 2.52 | 2.39 | 3.34 | 2.60 | 2.46 | 2.52 |
EV/Sales
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| 19.22 | 13.84 | 7.22 | 8.17 | 4.92 | 4.95 | 7.04 | 7.01 | 7.36 | 6.84 |
EV/FCF
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| 98 | 140 | 160 | 165 | 154 | 167 | 176 | 188 | 194 | 223 |
Op' Cash Flow
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| (37) | (43) | (11) | 4 | 34 | 4 | 7 | 0 | (3) | (2) |
Capex
|
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| 61 | 97 | 149 | 168 | 188 | 171 | 183 | 188 | 191 | 221 |
FCF
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| (327) | (361) | (396) | (338) | (352) | (970) | (932) | (623) | (430) | (274) |
Working Cap'
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| 133 | 129 | 130 | 130 | 141 | 130 | 105 | 107 | 98 | 102 |
Total Debt
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| 25 | 51 | 31 | 47 | (102) | (395) | (17) | (23) | (27) | (18) |
Net Debt
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| 673 | 719 | 764 | 849 | 931 | 969 | 924 | 1,068 | 1,182 | 1,318 |
Sh' Equity
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| 1.08% | 1.19% | 1.35% | 1.42% | 1.16% | 1.53% | 1.45% | 1.45% | 1.49% | 1.74% |
ROA
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| 7.99% | 8.23% | 8.26% | 8.38% | 8.02% | 16.86% | 10.81% | 9.67% | 9.26% | 9.82% |
ROIC
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| 8.78% | 9.71% | 11.12% | 11.34% | 9.09% | 12.38% | 12.63% | 12.42% | 11.68% | 12.55% |
ROE
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1st Source Corporation peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| TBBK The Bancorp, Inc. | $2.0B | 9.4× | Compare |
| FCF First Commonwealth Financial Corporation | $2.1B | 12.8× | Compare |
| CHCO City Holding Company | $2.0B | 15.5× | Compare |
| OFG OFG Bancorp | $2.2B | 10.2× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| EFSC Enterprise Financial Services Corporation | $2.2B | 12.0× | Compare |
| BLX Bladex Inc. | $1.9B | 9.0× | Compare |
| NWBI Northwest Bancshares, Inc. | $2.2B | 14.6× | Compare |
| INTR Inter & Co. Inc. | $2.2B | 7.7× | Compare |
1st Source Corporation (SRCE) key facts
- 1st Source Corporation (SRCE) is a Banks Regional company in the Financial sector, listed on Nasdaq.
- 1st Source Corporation’s revenue for fiscal 2025 (year ended December 2025) was $600.0 million, up 5.20% from fiscal 2024.
- Net income was $158.3 million, or $6.41 per share (basic), a net margin of 26.1%.
- As of September 25, 2026, SRCE traded at $86.09, a market capitalization of $2.1 billion.
- At that price the stock trades at 12.4× trailing-twelve-month earnings and 3.4× sales.
- 1st Source Corporation pays an annual dividend of $1.28 per share, a yield of 2.70%, with a payout ratio of 25.1%.
- Return on equity was 12.6% and debt-to-equity 0.07.
1st Source Corporation (SRCE) Latest News
25 Sep
1st Source (SRCE) is a South Bend–based financial company. The stock has surged about 36.68% year-to-date. It currently pays a dividend of $0.45 per share, for a yield around 2.11%. The annualized dividend stands at $1.80, up 18.4% from last year, with five consecutive annual increases over the past five years (avg. 5.67%). The payout ratio is 25% of trailing earnings. Zacks projects 2026 earnings at $7.26 per share, up about 13.3% year over year. The piece notes that dividends can improve returns and reduce risk, but warns high-yield stocks can struggle as rates rise. SRCE is framed as an attractive dividend play and a compelling investment opportunity, aided by a Zacks Rank of #2 (Buy). The article situates SRCE among banks and contrasts its yield with industry and S&P benchmarks. Positive tilt toward SRCE with dividend growth and earnings upside could lift sentiment but lacks near-term catalysts.
22 Sep
1st Source (SRCE) trades near $85.81 after a roughly 120% three-year run, prompting questions about whether valuation reflects profitability in lending and fees. An Excess Returns model uses a book value of $54.41 per share and an average ROE of 11.22% to yield a stable EPS of $6.71 and a cost of equity of $4.33; the resulting excess earnings of $2.38 per share and a stable book value of $59.78 per share imply intrinsic value well above the current price. The analysis notes a 12.2x P/E and frames the upside in terms of durable capital returns and a reinvestment strategy. It also references a management-incentive discussion and a narrative tool to test growth, margins, and capital allocation against outcomes. The assessment emphasizes valuation rather than a near-term operational event. Undervalued signal with intrinsic value above price suggesting upside, but lacking near-term catalysts.
21 Sep
1st Source Corporation, a regional bank holding company serving Indiana, Michigan, and Florida, posted a strong six-month stock rally of 26.1% that beat the S&P 500 by about 9.8, with the shares trading around $85.89. The strength comes on the back of solid Q2 results and improving profitability, notably a net interest margin that averaged 4.1% over the past two years, up 68.5 basis points. Tangible book value per share climbed 9.3% annually over five years and 14% annually over the last two years, rising from $39.16 to $50.93. Net interest income rose about 9.6% per year over five years, slightly behind the broader banking sector. However, net interest income quality remains a focus, and the company faces softer demand. The stock trades at about 1.5x forward P/B. A full research report is offered, raising whether now is a good entry point. Solid earnings and margin expansion support sentiment but lack of new strategic moves limits long-term impact.
25 Jul
1st Source (SRCE) beat earnings, raised dividends and completed buybacks, prompting positive investor reactions. Earnings beat, dividend hike and buybacks completion strengthen financial position and investor sentiment for SRCE.
23 Jul
1st Source Corporation posted record second quarter results and declared an increased cash dividend. Record quarterly earnings combined with a dividend increase point to stronger financial performance that can lift stock valuation and investor sentiment.
1st Source (SRCE) reported Q2 earnings and revenues that exceeded analyst estimates. Q2 earnings beat signals moderately stronger quarterly results likely to lift short-term investor sentiment.
1st Source Corporation reported sales above expectations for Q2 CY2026. Quarterly sales beat can lift near-term investor sentiment and share price.
25 May
SRCE presents two factors supporting ongoing observation alongside one cautionary element affecting its outlook. SRCE outlook shaped by two positive elements balanced against one risk factor.
28 Apr
1st Source Corporation reported record earnings, strong growth, and announced CEO succession at its 2026 Virtual Annual Meeting. Record earnings and growth enhance financial performance, while CEO succession addresses key leadership transition with potential strategic implications.
23 Apr
1st Source Corporation (NASDAQ:SRCE) posted better-than-expected sales in Q1 CY2026. Better-than-expected Q1 sales signal strong financial health, likely driving positive investor sentiment and stock performance.
1st Source Corporation reported record first quarter results and declared an increased cash dividend. Record Q1 results and dividend increase signal strong financial health, likely boosting investor sentiment and stock performance.
1st Source Corporation (SRCE) reported Q1 earnings below analyst estimates. Missing Q1 earnings highlights financial underperformance with moderate effects on investor sentiment and near-term stock trajectory.
16 Apr
1st Source Corporation (SRCE) earnings expected to grow, prompting question of whether to buy the stock. Expected earnings growth signals moderate positive impact on financial performance and investor sentiment.
17 Feb
1st Source Corporation (SRCE) achieved another year of record earnings and dividend growth, prompting a detailed valuation analysis highlighting its strong financial performance and attractive investment metrics. Record earnings and dividend growth demonstrate robust financial health, likely boosting investor sentiment and stock trajectory.
1st Source Corporation (SRCE) reaches 38-year milestone of consecutive dividend growth, potentially altering the bull case for the stock. 38-year dividend growth streak bolsters investor confidence in financial stability and reliability without transforming core operations.
9 Feb
1st Source Corporation (SRCE) is highlighted for its strong financial performance and solid dividend yield, making it an attractive investment. However, concerns arise regarding its exposure to economic downturns, which could impact future growth. Investors are advised to weigh these factors carefully. The company's financial performance and dividend yield are positive, but economic exposure presents a risk that could limit overall growth.
4 Feb
1st Source Corporation (SRCE) is highlighted as a strong investment choice due to its solid financial performance, strategic growth initiatives, and positive market sentiment. The company has demonstrated resilience in its operations and is well-positioned to capitalize on emerging opportunities in the banking sector. Analysts suggest that SRCE's focus on customer service and community engagement further enhances its competitive edge, making it an attractive option for investors looking for stability and growth potential. Significant strategic growth initiatives and positive market sentiment are expected to influence the company's future performance.
1st Source Corporation (SRCE) is highlighted as an undervalued investment opportunity in the US market for February 2026, showcasing its strong financial performance, strategic growth initiatives, and potential for future expansion. Analysts emphasize the company's solid fundamentals and competitive positioning within the banking sector, suggesting that it may be overlooked by investors seeking growth stocks. The article encourages investors to consider SRCE as a promising addition to their portfolios, given its favorable market conditions and growth prospects. Strong financial performance and strategic growth initiatives indicate significant potential for future impact.
1st Source Corporation (SRCE) has reached a new high in its stock performance, prompting discussions about its potential for further growth. Analysts are evaluating the company's financial health and market position to determine if there is still room for the stock to rise. Factors influencing this assessment include recent market trends and the company's strategic initiatives. Current stock performance indicates a moderately noticeable influence on future financial outcomes and market sentiment.
31 Jan
1st Source Corporation is expected to see higher earnings in 2025, which may lead to increased capital returns. Analysts suggest that this potential growth could shift the investment narrative surrounding the company, attracting more investor interest and possibly enhancing its market position. The anticipated earnings growth is seen as a positive indicator for the company's future performance. Higher earnings projections and capital returns are likely to significantly influence investor sentiment and the company's market trajectory.
30 Jan
1st Source Corporation (SRCE) has received a rating upgrade to 'Buy' from analysts, reflecting improved financial performance and positive market sentiment. The upgrade is expected to enhance investor confidence and may lead to increased stock demand. Analysts highlight the company's strong fundamentals and growth potential as key factors in the decision. The rating upgrade indicates significant positive shifts in investor sentiment and potential for enhanced market performance.
23 Jan
1st Source Corporation (NASDAQ:SRCE) reported its Q4 CY2025 results, which were in line with market expectations. The financial performance reflected stable operations and consistent growth, maintaining investor confidence. Key metrics showed resilience despite broader economic challenges, indicating effective management and strategic positioning. Financial performance in line with expectations suggests moderate influence on future operations and market sentiment.
22 Jan
1st Source Corporation reported record annual earnings and declared a cash dividend, continuing its history of increased dividends. The company's strong financial performance highlights its growth and commitment to returning value to shareholders. Record earnings and a declared dividend signal significant financial health and positive investor sentiment.
6 Jan
1st Source Corporation (SRCE) is highlighted as a potential investment opportunity in January 2026, categorized as an undiscovered gem in the U.S. market. The article emphasizes the company's strong fundamentals, growth potential, and favorable market conditions that could enhance its performance. Investors are encouraged to consider SRCE for its promising outlook amidst a competitive landscape. The company's growth potential and favorable market conditions may moderately influence its financial performance and competitive positioning.
4 Jan
1st Source Corporation (SRCE) is highlighted as a safe and steady stock with solid fundamentals, alongside another similar stock. The article emphasizes the company's stability and growth potential, while also questioning the outlook of a third stock mentioned. Investors are encouraged to consider SRCE for its reliable performance in the current market environment. The company's solid fundamentals suggest a moderately noticeable influence on its financial performance and market positioning.
21 Dec
1st Source Corporation (NASDAQ:SRCE) has delivered an impressive 87% return to its investors over the past five years, reflecting strong performance and growth. This notable return highlights the company's effective strategies and resilience in the market, contributing positively to investor sentiment. The significant return over five years indicates strong financial performance and potential for continued growth, impacting investor sentiment positively.
1st Source Corporation (SRCE) has experienced a steady increase in share price over several years, prompting an assessment of its current valuation. Analysts are evaluating the sustainability of this growth and potential future performance in light of market conditions and company fundamentals. The steady share price increase suggests a moderately noticeable influence on financial performance and market sentiment.
15 Dec
1st Source Corporation (SRCE) reported its Q3 financial results, highlighting a solid performance with increased net income and improved asset quality. The bank's loan growth and deposit levels remained stable, contributing to a positive outlook. Management emphasized their commitment to community banking and strategic initiatives aimed at enhancing customer service and operational efficiency. Overall, the results reflect a resilient regional banking sector amid economic challenges. The financial results indicate moderate growth and stability, which may influence investor sentiment and operational aspects but are not expected to drastically change the company's trajectory.
11 Dec
1st Source Corporation (SRCE) is highlighted for its strong loan growth and solid asset quality, which are positive indicators for future performance. However, concerns arise from its relatively high valuation compared to peers, which may limit upside potential. Investors are advised to weigh these factors carefully. Loan growth and asset quality improvements may positively influence financial performance, but high valuation could balance the overall effect.
25 Nov
1st Source Corporation is highlighted as a bank stock with significant potential, contrasting with two other banks that are underperforming. The article emphasizes the strengths and opportunities that make SRCE an attractive investment option in the current market landscape. 1st Source Corporation is positioned favorably in the market, indicating a significant impact on its future performance.