
1st Source (SRCE) Stock Forecast & Price Target
1st Source (SRCE) Analyst Ratings
Bulls say
1st Source Corp demonstrated solid financial performance with a 4% increase in core fee income quarter-over-quarter, reaching $24.1 million, supported by robust revenue growth in wealth management. The company's end-of-period loan balances rose by $235 million, indicating strong demand across various sectors, including commercial, agricultural, and construction financing. Furthermore, the net loan-to-deposit ratio improved to 93%, reflecting effective capital management and positioning for sustainable growth in the upcoming quarters.
Bears say
1st Source Corp is experiencing a concerning decline in both interest-bearing time deposits and savings deposits, which dropped by 5% and 9% respectively, indicating potential issues with customer retention and capital inflow. Furthermore, while operating expenses remained relatively stable and below consensus expectations, the anticipation of lower revenue normalization in the upcoming quarter raises flags about future profitability. Finally, significant risks such as potential increases in credit costs, diminished loan demand, and margin pressure are compounded by adverse conditions in the current interest rate environment, all contributing to a negative outlook on the company's financial stability.
This aggregate rating is based on analysts' research of 1st Source and is not a guaranteed prediction by Public.com or investment advice.
1st Source (SRCE) Analyst Forecast & Price Prediction
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