1st Source (SRCE) Stock Price, News & Analysis

Company Overview

1st Source Corporation is a bank holding company headquartered in South Bend, Indiana, operating through its wholly owned subsidiary, 1st Source Bank. The company offers a full range of commercial and consumer banking products, including checking and savings accounts, business and commercial lending, residential mortgage loans, and cash management services. Its client base spans small and medium-sized businesses, agribusinesses, professional firms, and individual consumers primarily across northern Indiana and southwestern Michigan.

In addition to traditional banking services, 1st Source Corporation provides wealth management and trust services through its 1st Source Wealth Management division. This segment delivers financial planning, investment advisory, fiduciary and custodial services to individuals, families, and institutions. The company’s comprehensive suite of offerings is supported by a network of branch offices, lending centers, and digital banking platforms designed to meet the evolving needs of its customers.

Founded in 1863, 1st Source has a long history of community banking and has grown its footprint through a combination of organic expansion and strategic acquisitions. The company emphasizes personalized service and local decision-making, positioning itself as a regional partner for economic development and individual financial success. Its digital offerings include online and mobile banking, bill pay, remote deposit capture, and account alerts to deliver convenience and accessibility.

Governance at 1st Source Corporation is overseen by a board of directors and a senior management team with deep expertise in banking, risk management, and financial services. The company maintains a commitment to community involvement, supporting regional nonprofit organizations and development initiatives across its service area.

Key Stats

• Today's Range: $63.50 to $64.35
• 50-Day Range: $58.30 to $65.74
• 52-Week Range: $52.14 to $68.13
• Volume: 49,919 shs
• Average Volume: 69,717 shs
• Market Capitalization: $1.58 billion
• P/E Ratio: 11.25
• Dividend Yield: 2.37%
• Price Target: $72.00
• Consensus Rating: Hold

1st Source Stock Analysis - MarketRank™

1st Source scored higher than 77% of companies evaluated by MarketBeat, and ranked 392nd out of 936 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

1st Source has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

1st Source has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.09%

Earnings Growth

Earnings for 1st Source are expected to grow by 3.09% in the coming year, from $5.82 to $6.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of 1st Source is 11.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 269.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of 1st Source is 11.25, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 227.00.

Price to Book Value per Share Ratio

1st Source has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.96% of the float of 1st Source has been sold short.

Short Interest Ratio / Days to Cover

1st Source has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in 1st Source has recently increased by 4.11%, indicating that investor sentiment is decreasing.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

1st Source pays a meaningful dividend of 2.36%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

1st Source has been increasing its dividend for 38 years.

Dividend Coverage

The dividend payout ratio of 1st Source is 26.62%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, 1st Source will have a dividend payout ratio of 25.33% next year. This indicates that 1st Source will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.96% of the float of 1st Source has been sold short.

Short Interest Ratio / Days to Cover

1st Source has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in 1st Source has recently increased by 4.11%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.19

News Sentiment

1st Source has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 1.07 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for 1st Source this week, compared to 3 articles on an average week.

Search Interest

3 people have searched for SRCE on MarketBeat in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, 1st Source insiders have not sold or bought any company stock.

Percentage Held by Insiders

19.55% of the stock of 1st Source is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

74.45% of the stock of 1st Source is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SRCE Stock Analysis - Frequently Asked Questions

How have SRCE shares performed this year?

1st Source's stock was trading at $58.38 on January 1st, 2025. Since then, SRCE shares have increased by 10.1% and is now trading at $64.26.

How were 1st Source's earnings last quarter?

1st Source Corporation (NASDAQ:SRCE) posted its earnings results on Thursday, July, 24th. The financial services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.49 by $0.02. The financial services provider earned $108.25 million during the quarter, compared to the consensus estimate of $104.67 million. 1st Source had a trailing twelve-month return on equity of 11.94% and a net margin of 24.02%.

Does 1st Source have any subsidiaries?

1st Source subsidiaries include 1st Source Bank, 1st Source Capital Corporation, 1st Source Corporation Investment Advisors Inc., 1st Source Funding LLC, 1st Source Insurance Inc., 1st Source Intermediate Holding LLC, 1st Source Master Trust, and more.

Who are 1st Source's major shareholders?

Top institutional investors of 1st Source include 1ST Source Bank (21.16%), Geode Capital Management LLC (1.96%), Alliancebernstein L.P. (1.95%) and Boston Trust Walden Corp (1.64%). Insiders that own company stock include Jeffrey L Buhr, Daniel B Fitzpatrick and Mark D Schwabero.
View institutional ownership trends.

How do I buy shares of 1st Source?

Shares of SRCE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of 1st Source own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 1st Source investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 7/24/2025
• Record date for 8/15 Dividend: 8/05/2025
• Ex-Dividend for 8/15 Dividend: 8/05/2025
• Dividend Payable: 8/15/2025
• Today: 9/03/2025
• Next Earnings (Estimated): 10/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - MIDWEST
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:SRCE
• CIK: 34782
• Web: www.1stsource.com
• Phone: (574) 235-2000
• Fax: 574-235-2882
• Employees: 1,205
• Year Founded: 1863

Price Target and Rating

• Average Price Target for 1st Source: $72.00
• High Price Target: $80.00
• Low Price Target: $67.00
• Potential Upside/Downside: +12.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.71
• Trailing P/E Ratio: 11.25
• Forward P/E Ratio: 11.04
• P/E Growth: N/A
• Net Income: $132.62 million
• Net Margins: 24.02%
• Pretax Margin: 30.83%
• Return on Equity: 11.94%
• Return on Assets: 1.61%

Debt

• Debt-to-Equity Ratio: 0.08
• Current Ratio: 0.97
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $574.21 million
• Price / Sales: 2.75
• Cash Flow: $6.09 per share
• Price / Cash Flow: 10.55
• Book Value: $51.24 per share
• Price / Book: 1.25

Miscellaneous

• Outstanding Shares: 24,540,000
• Free Float: 19,741,000
• Market Cap: $1.58 billion
• Optionable: Optionable
• Beta: 0.72