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1st Source Corporation  (SRCE)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $49.7300 $0.33 0.668%
Day's High: $50.51 Week Perf: -3.96 %
Day's Low: $ 49.21 30 Day Perf: -0.5 %
Volume (M): 276 52 Wk High: $ 56.59
Volume (M$): $ 13,745 52 Wk Avg: $46.44
Open: $49.21 52 Wk Low: $38.77



 Market Capitalization (Millions $) 1,235
 Shares Outstanding (Millions) 25
 Employees 1,150
 Revenues (TTM) (Millions $) 363
 Net Income (TTM) (Millions $) 125
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 6

1st Source Corporation

1st Source Corporation, an Indiana corporation incorporated in 1971, is a bank holding company headquartered in South Bend, Indiana that provides, through its subsidiaries, a broad array of financial products and services. 1st Source Bank (“Bank”), its banking subsidiary, offers commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients through most of our 81 banking center locations in 17 counties in Indiana and Michigan. 1st Source Bank’s Specialty Finance Group, with 22 locations nationwide, offers specialized financing services for new and used private and cargo aircraft, automobiles and light trucks for leasing and rental agencies, medium and heavy duty trucks and construction equipment. While our lending portfolio is concentrated in certain equipment types, we serve a diverse client base. We are not dependent upon any single industry or client.

Commercial, Agricultural, and Real Estate Loans — 1st Source Bank provides commercial, small business, agricultural, and real estate loans to primarily privately owned business clients mainly located within our regional market area. Loans are made for a wide variety of general corporate purposes, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivable, and acquisition financing. Other services include commercial leasing, treasury management services and retirement planning services.


Consumer Services — 1st Source Bank provides a full range of consumer banking products and services through our banking centers and at 1stsource.com. In a number of our markets 1st Source also offers insurance products through 1st Source Insurance offices. The traditional banking services include checking and savings accounts, certificates of deposits and Individual Retirement Accounts. 1st Source offers a full line of on-line and mobile banking products which includes bill payment. As an added convenience, a strategically located Automated Teller Machine network serves our customers and supports the debit and credit card programs of the bank. Consumers also have the ability to obtain consumer loans, real estate loans and lines of credit in any of our banking centers or on-line. Finally, 1st Source offers a variety of financial planning, financial literacy and other consultative services to our customers.


Trust Services — 1st Source Bank provides a wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients. These services include the administration of estates and personal trusts, as well as the management of investment accounts for individuals, employee benefit plans, and charitable foundations.


Specialty Finance Group Services — 1st Source Bank, through its Specialty Finance Group, provides a broad range of comprehensive equipment loan and lease finance products addressing the financing needs of a broad array of companies. This group can be broken down into four areas: new and used aircraft; auto and light trucks; construction equipment; and medium and heavy duty trucks.


Aircraft financing consists of financings for new and used general aviation aircraft (including helicopters) for private and corporate aircraft users, aircraft distributors and dealers, air charter operators, air cargo carriers, and other aircraft operators. We have for many years, on a limited and selective basis, provided international aircraft financing, primarily in Mexico and Brazil. Aircraft finance receivables generally range from $500,000 to $25 million with fixed or variable interest rates and terms of one to ten years.



   Company Address: 100 North Michigan Street South Bend, 46601 IN
   Company Phone Number: 235-2000   Stock Exchange / Ticker: NASDAQ SRCE
   


Customers Net Income fell by SRCE's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BANR   -2.53%    
BK   -0.33%    
BPOP   -2.87%    
CFG   -2.19%    
FITB   -2.51%    
NTRS        1.27% 
• View Complete Report
   



1st Source Corporation

1st Source Corporation Reports 0.114% Revenue Growth in Q4 of 2023 Despite Decline in Income

1st Source Corp Reports Decline in Income but Outperforms Industry Peers
February 28, 2024
1st Source Corporation, a leading regional bank, recently released its financial results for the fourth quarter of 2023, indicating a decline in income but showing promise compared to its industry peers. The company reported a revenue growth of 0.114%, amounting to $89.50 million, however, this was not able to prevent a decline in income of -7.82% compared to the same period last year.
The regional bank bucked the trend of its industry peers, as virtually all other companies in the regional banks sector reported a decline in business over the same period. In comparison to the previous reporting period, 1st Source Corp's profits fell by -14.92%, from $1.32 per share, while revenue decreased by -3.595%, from $92.83 million.

1st Source Corp

1st Source Corp Experiences Modest Revenue Surge Year-over-Year, but Lags Behind Regional Bank Sector

Financial news report:
1st Source Corp Reports Unchanged Net Profit per Share for Q3 2023
1st Source Corp, a regional bank company, has released its financial results for the third quarter of 2023 earnings season. The company reported a net profit per share of $1.32, which remained unchanged compared to the previous year. However, it did show a slight improvement of 1.54% from the previous financial reporting period's net profit per share of $1.30.
Revenue Growth and Comparison
The company witnessed a significant growth in its revenue, with a 5.763% increase to $92.83 million compared to $87.77 million in the same period last year. Sequentially, the revenue increased by 1.747% from $91.24 million. However, this growth rate is lower than the average of the regional banks' sector, which recorded a revenue rise of 236.93% relative to the similar period a year ago.

1st Source Corp

1st Source Corp Dazzles with Robust Performance: Second Quarter Earnings Skyrocket in 2023!

1st Source Corp, a financial services company, recently reported its financial results for the second quarter of 2023. The company saw a significant increase in revenue, with a growth of 8.89% to $91.24 million compared to $83.79 million in the prior year reporting season.
In addition to the revenue increase, 1st Source Corp also witnessed a growth in net profit per share. The net profit per share rose by 10.17% to $1.30 per share, compared to $1.18 in the prior year reporting season. This signifies a positive trend for the company and indicates its improving financial performance.






 

1st Source's Segments
 
 
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  Company Estimates  
  Revenue Outlook
1st Source does not provide revenue guidance.

Earnings Outlook
1st Source Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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