1st Source

1st Source Corp. operates as a bank holding company for 1st Source Bank. It provides financial products and services through its subsidiaries. The bank offers commercial & consumer banking services, trust & investment management services and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial & commercial properties, financing for equipment, inventories & accounts receivables and acquisition financing. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The company was founded in 1971 and is headquartered in South Bend, IN.

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1st Source Corp. is a bank holding company, which engages in the provision of financial products and services through its subsidiaries. The bank offers commercial and consumer banking services, trust and investment management services, and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivables, and acquisition financing. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The company was founded in 1971 and is headquartered in South Bend, IN.

1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know

1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.

1st Source (SRCE) Tops Q3 Earnings and Revenue Estimates

QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32.

1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared

1st Source (SRCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why 1st Source (SRCE) Could Beat Earnings Estimates Again

1st Source (SRCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I'm expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%.

1st Source: Positive Earnings Outlook Appears Priced In

All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy

Does 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.

1st Source (SRCE) is a Great Momentum Stock: Should You Buy?

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1st Source (SRCE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.

1st Source (SRCE) Beats Q2 Earnings and Revenue Estimates

QUARTERLY HIGHLIGHTS Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30.

1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared

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South Bend, Indiana--(Newsfile Corp. - July 2, 2024) - U.S. News & World Report recently announced that 1st Source Bank (NASDAQ: SRCE) received an award for "Best Companies to Work For - Midwest" in their Best Companies Ratings for 2024 - 2025. The list analyzes the Russell 3000 list of publicly traded U.S. companies.

1st Source Bank Named a Best Company to Work For in the Midwest by U.S. News & World Report

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AGRO, GOLD, IHG, SRCE and EC have been added to the Zacks Rank #1 (Strong Buy) List on May 30, 2023.

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1st Source (SRCE) Upgraded to Strong Buy: Here's Why

Among 18 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 9, 2024) - 1st Source Bank (NASDAQ: SRCE) once again made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW). This marks the sixth consecutive year that the bank has made the list, placing its long-term performance among the top 5% of eligible banks in the United States.

1st Source Bank Makes KBW Bank Honor Roll for 6th Consecutive Year

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TNP, CLS, ALL, SRCE and GM have been added to the Zacks Rank #1 (Strong Buy) List on May 9, 2024.

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Short continues role as President and CEO of 1st Source Bank South Bend, Indiana--(Newsfile Corp. - May 1, 2024) - Christopher J Murphy III, Chairman and CEO of 1st Source Corporation (NASDAQ: SRCE) and Chairman of 1st Source Bank announced today that as part of 1st Source's long-term succession planning, the Board of 1st Source promoted Andrea G. Short to President of 1st Source Corporation.

1st Source Corporation Announces the Promotion of Andrea Short to President

Ranked #14 in Top 100 U.S. Banks and Top Bank in Indiana South Bend, Indiana--(Newsfile Corp. - April 26, 2024) - 1st Source Bank is pleased to announce their #14 ranking on Forbes' America's Best Banks list. The list, according to Forbes includes 100 of the nation's top banks, based on 10 financial metrics "measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024.

1st Source Bank Named One of America's Best Banks by Forbes

QUARTERLY HIGHLIGHTS Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net income per common share was $1.19, up $0.04 or 3.48% from the previous quarter and down $0.06 or 4.80% from the prior year's first quarter of $1.25.

1st Source Corporation Reports First Quarter Results, Cash Dividend Declared

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The heavy selling pressure might have exhausted for 1st Source (SRCE) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -5.28% in 4 Weeks, Here's Why You Should You Buy the Dip in 1st Source (SRCE)

FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $124.93 million for the year of 2023, up 3.67% from 2022 and was $28.43 million for the fourth quarter of 2023, down 13.69% from the previous quarter and down 8.49% from the fourth quarter of 2022. Diluted net income per common share was a record $5.03 for the year of 2023, up 3.93% from 2022 and was $1.15 for the fourth quarter of 2023, down 12.88% from the previous quarter and down 8.00% from the prior year's fourth quarter due primarily to repositioning of the investment securities portfolio and a contribution to the 1st Source Foundation as described below.

1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues

News for 1st Source Stock (SRCE)