SRCE Stock Analysis: 1st Source | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.976m USD | 12M Return: 28.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 11.3M
EPS Trend: 95.5%
Qual. Beats: 0
Rev. Trend: 94.0%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
1st Source Corporation (NASDAQ: SRCE) is a bank holding company headquartered in South Bend, Indiana, founded in 1863. Through its subsidiary 1st Source Bank, the company delivers a diversified mix of commercial and consumer banking, trust and wealth advisory services, and insurance products to individual and business clients across the United States. Its consumer offerings span deposits, mortgages, home equity lines, credit and debit cards, and digital banking channels, while its commercial segment provides loans for industrial and commercial properties, equipment financing, agricultural lending, small business credit, treasury management, and payment services.
The company also generates fee-based revenue through trust, custodial, and investment services for individuals, estates, corporations, and non-profits, as well as through equipment leasing for construction, aviation, and vehicle fleets. Insurance operations round out the platform with property, casualty, health, and life products. As a GICS-classified Regional Bank, SRCE operates under the traditional community banking model, combining spread-based lending income with fee income from advisory, leasing, and insurance services across its geographic footprint.
- Net interest margin expands on higher-for-longer Fed rate environment
- Specialty equipment leasing portfolio drives loan and revenue growth
- Deposit costs rise amid regional banking competition pressuring margins
| 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 67.26%; Δ 3.59% > 0.5%) |
| Asset Turnover: 6.67% > 50% (prev 6.45%; Δ 0.22% > 0%) |
| Interest Coverage Ratio: 1.31 > 6 (EBIT TTM 208.7m / Interest Expense TTM 159.8m) |
| 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: 0.16 (Book Value of Equity 1.28b / Total Liabilities 7.79b) |
| Altman-Z'' = -3.75 = D |
| DSRI: 1.05 (Receivables 34.4m/31.5m, Revenue 602.7m/578.1m) |
| GMI: 0.95 (GM 67.26% / 70.85%) |
| 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) = A |
As of July 08, 2026, the stock is trading at USD 81.71 with a total of 141,835 shares traded. Over the past week, the price has changed by -0.29%, over one month by +7.58%, over three months by +14.35% and over the past year by +28.81%.
Current recommended Stop Loss: 79.10 (which is 3.2% or 1.2 ATR below the current price).
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
| Analysts Target Price | 79.7 | -2.5% |
P/E Trailing = 12.5905
P/E Forward = 13.6799
P/S = 4.6347
P/B = 1.5691
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 = 1.06b USD (1.98b + Debt 383.5m - CCE 1.30b)
Interest Coverage Ratio = 1.31 (Ebit TTM 208.7m / Interest Expense TTM 159.8m)
EV/FCF = 5.03x (Enterprise Value 1.06b / FCF TTM 209.9m)
FCF Yield = 19.87% (FCF TTM 209.9m / Enterprise Value 1.06b)
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 = 0.12 (Enterprise Value 1.06b / Total Assets 9.11b)
Interest Expense / Debt = 41.69% (Interest Expense 159.8m / Debt 383.5m)
Taxrate = 22.75% (47.3m / 208.0m)
NOPAT = 161.2m (EBIT 208.7m * (1 - 22.75%))
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 = 8.69% (NOPAT 161.2m / Invested Capital 1.86b)
WACC = 12.08% (E(1.98b)/V(2.36b) * Re(8.18%) + D(383.5m)/V(2.36b) * Rd(41.69%) * (1-Tc(0.23)))
Discount Rate = 8.18% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -37.78 | Cagr: -0.61%
[DCF] Terminal Value 63.57% ; FCFF base≈209.7m ; Y1≈211.0m ; Y5≈224.4m
[DCF] Fair Price = 126.9 (EV 2.13b - Net Debt -919.7m = Equity 3.05b / Shares 24.1m; r=12.08% [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=+0.19% | Revisions=+25% | Analysts=3
EPS next Quarter (2026-09-30): EPS=1.72 | Chg30d=+0.38% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=6.80 | Chg30d=+0.24% | Revisions=+25% | GrowthEPS=+1.0% | GrowthRev=+5.7%
EPS next Year (2027-12-31): EPS=7.03 | Chg30d=+0.48% | Revisions=+25% | GrowthEPS=+3.3% | GrowthRev=+3.1%
[Analyst] Revisions Ratio: +57% (up=4, down=0)