(SRCE) 1st Source - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.715m USD | Total Return: 25.3% in 12m

Commercial Banking, Consumer Loans, Wealth Management, Equipment Leasing
Total Rating 34
Safety 32
Buy Signal -0.46
Banks - Regional
Industry Rotation: +1.2
Market Cap: 1.71B
Avg Turnover: 8.23M
Risk 3d forecast
Volatility25.1%
VaR 5th Pctl4.09%
VaR vs Median-1.14%
Reward TTM
Sharpe Ratio0.90
Rel. Str. IBD64.6
Rel. Str. Peer Group66.4
Character TTM
Beta0.754
Beta Downside0.954
Hurst Exponent0.497
Drawdowns 3y
Max DD21.24%
CAGR/Max DD1.13
CAGR/Mean DD3.46
EPS (Earnings per Share) EPS (Earnings per Share) of SRCE over the last years for every Quarter: "2021-03": 1.1, "2021-06": 1.19, "2021-09": 1.29, "2021-12": 1.11, "2022-03": 1.1, "2022-06": 1.18, "2022-09": 1.32, "2022-12": 1.25, "2023-03": 1.19, "2023-06": 1.3, "2023-09": 1.32, "2023-12": 1.26, "2024-03": 1.19, "2024-06": 1.49, "2024-09": 1.41, "2024-12": 1.41, "2025-03": 1.52, "2025-06": 1.55, "2025-09": 1.79, "2025-12": 1.87, "2026-03": 1.63,
EPS CAGR: 12.55%
EPS Trend: 95.5%
Last SUE: 0.00
Qual. Beats: 0
Revenue Revenue of SRCE over the last years for every Quarter: 2021-03: 88.161, 2021-06: 86.668, 2021-09: 92.226, 2021-12: 87.809, 2022-03: 85.194, 2022-06: 90.859, 2022-09: 98.485, 2022-12: 110.54, 2023-03: 117.779, 2023-06: 123.323, 2023-09: 131.781, 2023-12: 134.647, 2024-03: 138.624, 2024-06: 144.39, 2024-09: 145.678, 2024-12: 141.632, 2025-03: 146.407, 2025-06: 150.273, 2025-09: 152.794, 2025-12: 150.523, 2026-03: 149.134,
Rev. CAGR: 10.11%
Rev. Trend: 94.0%
Last SUE: 0.63
Qual. Beats: 0

Warnings

Fakeout

Tailwinds

No distinct edge detected

Description: SRCE 1st Source

1st Source Corporation (SRCE) is a regional financial institution headquartered in Indiana, operating as the bank holding company for 1st Source Bank. The company provides a comprehensive suite of services including consumer and commercial banking, wealth management, and insurance products. Its business model is characterized by a diversified lending portfolio that spans traditional real estate and agricultural loans to specialized equipment financing for aircraft and construction fleets.

The firm maintains a significant focus on commercial leasing and specialty finance, distinguishing it from smaller community banks that rely solely on residential mortgages. In the regional banking sector, such diversification into niche equipment leasing can often mitigate risks associated with local real estate market fluctuations. Investors may find it useful to examine ValueRay for deeper insights into the companys valuation metrics.

Founded in 1863, the corporation also integrates non-interest income streams through its trust and investment advisory services. By offering tax equity investments for renewable energy projects and comprehensive insurance brokerage, SRCE leverages multiple revenue drivers beyond the standard net interest margin.

Headlines to Watch Out For
  • Specialized equipment financing demand drives commercial loan and lease portfolio growth
  • Net interest margin sensitivity depends on Federal Reserve interest rate trajectory
  • Regional economic health in Indiana and Michigan impacts credit loss provisions
  • Wealth management and insurance fees provide critical non-interest revenue diversification
  • Specialized aircraft and fleet financing segments create niche market competitive advantages
Piotroski VR-10 (Strict) 3.5
Net Income: 160.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.03 > 1.0
NWC/Revenue: -1.03k% < 20% (prev -1.05k%; Δ 29.72% < -1%)
CFO/TA 0.02 > 3% & CFO 210.5m > Net Income 160.7m
Net Debt (-919.7m) to EBITDA (217.7m): -4.23 < 3
Current Ratio: 0.18 > 1.5 & < 3
Outstanding Shares: last quarter (24.3m) vs 12m ago -1.10% < -2%
Gross Margin: 70.85% > 18% (prev 0.67%; Δ 7.02k% > 0.5%)
Asset Turnover: 6.67% > 50% (prev 6.45%; Δ 0.22% > 0%)
Interest Coverage Ratio: 1.31 > 6 (EBITDA TTM 217.7m / Interest Expense TTM 159.8m)
Altman Z'' -3.72
A: -0.68 (Total Current Assets 1.34b - Total Current Liabilities 7.52b) / Total Assets 9.11b
B: 0.11 (Retained Earnings 1.05b / Total Assets 9.11b)
C: 0.02 (EBIT TTM 208.7m / Avg Total Assets 9.04b)
D: 0.19 (Book Value of Equity 1.44b / Total Liabilities 7.79b)
Altman-Z'' = -3.72 = D
Beneish M -3.00
DSRI: 1.05 (Receivables 34.4m/31.5m, Revenue 602.7m/578.1m)
GMI: 0.95 (GM 70.85% / 67.26%)
AQI: 1.01 (AQ_t 0.84 / AQ_t-1 0.84)
SGI: 1.04 (Revenue 602.7m / 578.1m)
TATA: -0.01 (NI 160.7m - CFO 210.5m) / TA 9.11b)
Beneish M = -3.00 (Cap -4..+1) = AA
What is the price of SRCE shares?

As of May 24, 2026, the stock is trading at USD 73.89 with a total of 131,304 shares traded.
Over the past week, the price has changed by +3.80%, over one month by +1.62%, over three months by +9.39% and over the past year by +25.25%.

Is SRCE a buy, sell or hold?

1st Source has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold SRCE.

  • StrongBuy: 0
  • Buy: 1
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SRCE price?
Analysts Target Price 79.7 7.8%
1st Source (SRCE) - Fundamental Data Overview as of 19 May 2026
P/E Trailing = 10.9264
P/E Forward = 13.6799
P/S = 4.0221
P/B = 1.3882
P/EG = 1.3693
Revenue TTM = 602.7m USD
EBIT TTM = 208.7m USD
EBITDA TTM = 217.7m USD
Long Term Debt = 94.3m USD (from longTermDebt, last quarter)
Short Term Debt = 289.2m USD (from shortTermDebt, last quarter)
Debt = 383.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -919.7m USD (calculated: Debt 383.5m - CCE 1.30b)
Enterprise Value = 795.0m USD (1.71b + Debt 383.5m - CCE 1.30b)
Interest Coverage Ratio = 1.31 (Ebit TTM 208.7m / Interest Expense TTM 159.8m)
EV/FCF = 3.79x (Enterprise Value 795.0m / FCF TTM 209.9m)
FCF Yield = 26.40% (FCF TTM 209.9m / Enterprise Value 795.0m)
FCF Margin = 34.82% (FCF TTM 209.9m / Revenue TTM 602.7m)
Net Margin = 26.66% (Net Income TTM 160.7m / Revenue TTM 602.7m)
Gross Margin = 70.85% ((Revenue TTM 602.7m - Cost of Revenue TTM 175.7m) / Revenue TTM)
Gross Margin QoQ = 70.99% (prev 73.63%)
Tobins Q-Ratio = 0.09 (Enterprise Value 795.0m / Total Assets 9.11b)
Interest Expense / Debt = 41.69% (Interest Expense 159.8m / Debt 383.5m)
Taxrate = 22.18% (11.4m / 51.4m)
NOPAT = 162.4m (EBIT 208.7m * (1 - 22.18%))
Current Ratio = 0.18 (Total Current Assets 1.34b / Total Current Liabilities 7.52b)
Debt / Equity = 0.30 (Debt 383.5m / totalStockholderEquity, last quarter 1.28b)
Debt / EBITDA = -4.23 (Net Debt -919.7m / EBITDA 217.7m)
Debt / FCF = -4.38 (Net Debt -919.7m / FCF TTM 209.9m)
Total Stockholder Equity = 1.25b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.78% (Net Income 160.7m / Total Assets 9.11b)
RoE = 12.89% (Net Income TTM 160.7m / Total Stockholder Equity 1.25b)
RoCE = 15.56% (EBIT 208.7m / Capital Employed (Equity 1.25b + L.T.Debt 94.3m))
RoIC = 8.93% (NOPAT 162.4m / Invested Capital 1.82b)
WACC = 12.98% (E(1.71b)/V(2.10b) * Re(8.63%) + D(383.5m)/V(2.10b) * Rd(41.69%) * (1-Tc(0.22)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.78 | Cagr: -0.61%
[DCF] Terminal Value 61.06% ; FCFF base≈209.7m ; Y1≈211.0m ; Y5≈224.4m
[DCF] Fair Price = 119.3 (EV 1.95b - Net Debt -919.7m = Equity 2.87b / Shares 24.1m; r=12.98% [WACC]; 5y FCF grow 0.24% → 2.50% )
EPS Correlation: 95.48 | EPS CAGR: 12.55% | SUE: 0.0 | # QB: 0
Revenue Correlation: 93.98 | Revenue CAGR: 10.11% | SUE: 0.63 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.71 | Chg30d=+3.22% | Revisions=+20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.72 | Chg30d=+2.59% | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=6.79 | Chg30d=+2.16% | Revisions=+20% | GrowthEPS=+0.7% | GrowthRev=+5.6%
EPS next Year (2027-12-31): EPS=6.99 | Chg30d=+2.29% | Revisions=+20% | GrowthEPS=+3.0% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: +20%