SRCE Stock Analysis: 1st Source | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 2.070m USD | 12M Return: 45% | US3369011032 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 8.67M
EPS Trend: 97.4%
Qual. Beats: 1
Rev. Trend: 94.8%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 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 is the bank holding company for 1st Source Bank, providing a comprehensive suite of commercial and consumer banking, trust and wealth advisory, and insurance products across the United States. Consumer offerings include checking, savings, CDs, HSAs, IRAs, mortgages, home equity lines, and digital banking, while commercial services span business, agricultural, real estate, and specialized loans, plus treasury management, payment processing, and tax equity investments in community solar and related projects. The company also delivers equipment financing for construction equipment, aircraft, and vehicles, along with property/casualty, health, and life insurance, and trust and custodial services for individuals, estates, corporations, and nonprofits.
Founded in 1863 and headquartered in South Bend, Indiana, 1st Source operates as a regional bank within the Financials sector, focusing on relationship-based community and commercial banking with niche expertise in specialty finance and tax equity lending. Its combination of traditional banking, equipment leasing, and insurance distribution supports a diversified revenue model typical of mid-sized regional institutions, which often derive a significant share of income from net interest margin complemented by fee-based services.
- Net interest margin compresses as Fed cuts rates
- Specialty vehicle and aircraft finance loan portfolio expands
- Credit losses rise in equipment leasing segment
| Net Income: 170.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.09 > 1.0 |
| NWC/Revenue: -1.22k% < 20% (prev -1.06k%; Δ -154.9% < -1%) |
| CFO/TA 0.02 > 3% & CFO 216.4m > Net Income 170.9m |
| Net Debt (-1.30b) to EBITDA (228.0m): -5.71 < 3 |
| Current Ratio: 0.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (24.2m) vs 12m ago -1.50% < -2% |
| Gross Margin: 72.81% > 18% (prev 67.16%; Δ 5.65% > 0.5%) |
| Asset Turnover: 6.63% > 50% (prev 6.43%; Δ 0.21% > 0%) |
| Interest Coverage Ratio: 1.42 > 6 (EBIT TTM 221.4m / Interest Expense TTM 155.8m) |
| A: -0.80 (Total Current Assets 102.2m - Total Current Liabilities 7.52b) / Total Assets 9.26b |
| B: 0.12 (Retained Earnings 1.08b / Total Assets 9.26b) |
| C: 0.02 (EBIT TTM 221.4m / Avg Total Assets 9.18b) |
| D: 0.17 (Book Value of Equity 1.31b / Total Liabilities 7.91b) |
| Altman-Z'' = -4.53 = D |
| DSRI: 1.03 (Receivables 34.7m/32.4m, Revenue 608.6m/584.0m) |
| GMI: 0.92 (GM 67.16% / 72.81%) |
| AQI: 1.16 (AQ_t 0.98 / AQ_t-1 0.84) |
| SGI: 1.04 (Revenue 608.6m / 584.0m) |
| TATA: -0.00 (NI 170.9m - CFO 216.4m) / TA 9.26b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of October 06, 2026, the stock is trading at USD 86.26 with a total of 116,405 shares traded. Over the past week, the price has changed by +0.85%, over one month by -0.27%, over three months by +5.27% and over the past year by +45.03%.
Current recommended Stop Loss: 83.90 (which is 2.7% or 1.6 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 | 89.7 | 4% |
P/E Trailing = 12.1213
P/E Forward = 13.6799
P/S = 4.6784
P/B = 1.5507
P/EG = 1.3693
Revenue TTM = 608.6m USD
EBIT TTM = 221.4m USD
EBITDA TTM = 228.0m USD
Long Term Debt = 94.8m USD (from longTermDebt, last quarter)
Short Term Debt = 199.5m USD (from shortTermDebt, last quarter)
Debt = 294.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.30b USD (calculated: Debt 294.3m - CCE 1.60b)
Enterprise Value = 768.7m USD (2.07b + Debt 294.3m - CCE 1.60b)
Interest Coverage Ratio = 1.42 (Ebit TTM 221.4m / Interest Expense TTM 155.8m)
EV/FCF = 3.51x (Enterprise Value 768.7m / FCF TTM 218.7m)
FCF Yield = 28.46% (FCF TTM 218.7m / Enterprise Value 768.7m)
FCF Margin = 35.94% (FCF TTM 218.7m / Revenue TTM 608.6m)
Net Margin = 28.09% (Net Income TTM 170.9m / Revenue TTM 608.6m)
Gross Margin = 72.81% ((Revenue TTM 608.6m - Cost of Revenue TTM 165.5m) / Revenue TTM)
Gross Margin QoQ = 74.71% (prev 70.99%)
Tobins Q-Ratio = 0.08 (Enterprise Value 768.7m / Total Assets 9.26b)
Interest Expense / Debt = 52.93% (Interest Expense 155.8m / Debt 294.3m)
Taxrate = 22.84% (50.6m / 221.5m)
NOPAT = 170.9m (EBIT 221.4m * (1 - 22.84%))
Current Ratio = 0.01 (Total Current Assets 102.2m / Total Current Liabilities 7.52b)
Debt / Equity = 0.22 (Debt 294.3m / totalStockholderEquity, last quarter 1.31b)
Debt / EBITDA = -5.71 (Net Debt -1.30b / EBITDA 228.0m)
Debt / FCF = -5.95 (Net Debt -1.30b / FCF TTM 218.7m)
Total Stockholder Equity = 1.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.86% (Net Income 170.9m / Total Assets 9.26b)
RoE = 13.41% (Net Income TTM 170.9m / Total Stockholder Equity 1.27b)
RoCE = 16.17% (EBIT 221.4m / Capital Employed (Equity 1.27b + L.T.Debt 94.8m))
RoIC = 1.85% (NOPAT 170.9m / Invested Capital 9.23b)
WACC = 6.67% (E(2.07b)/V(2.36b) * Re(7.62%) + (debt cost/tax rate unavailable))
Discount Rate = 7.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -71.84 | Cagr: -0.52%
[DCF] Terminal Value 76.22% ; FCFF base≈213.6m ; Y1≈225.5m ; Y5≈264.0m
[DCF] Fair Price = 222.8 (EV 4.06b - Net Debt -1.30b = Equity 5.37b / Shares 24.1m; r=8.35% [WACC [floored]]; 5y FCF grow 6.18% → 2.50% )
EPS Correlation: 97.40 | EPS CAGR: 14.76% | SUE: 2.54 | # QB: 1
Revenue Correlation: 94.78 | Revenue CAGR: 7.93% | SUE: 0.70 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.83 | Chg30d=+6.00% | Revisions=+50% | Analysts=3
EPS current Year (2026-12-31): EPS=7.24 | Chg30d=+6.42% | Revisions=+50% | GrowthEPS=+7.4% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=7.40 | Chg30d=+5.27% | Revisions=+50% | GrowthEPS=+2.2% | GrowthRev=+2.9%
[Analyst] Revisions Ratio: +75% (up=9, down=0)