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1st Source Corp  (SRCE)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

SRCE's Net Income Growth by Quarter and Year

1st Source's Net Income results by quarter and year




SRCE Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 27.74 26.46 21.95
III Quarter September - 32.48 20.05 24.45
II Quarter June - 30.24 18.53 23.42
I Quarter March 27.40 28.11 16.42 22.20
FY   27.40 118.57 81.46 92.02



SRCE Net Income first quarter 2022 Y/Y Growth Comment
1st Source Corp reported decrease in Net Income in the first quarter 2022 by -2.52% to $ 27.40 millions, from the same quarter in 2021.
The decrease in the first quarter 2022 1st Source Corp's Net Income compares unfavorably to the Company's average Net Income growth of 2.44%.

Looking into first quarter 2022 results within Regional Banks industry 5 other companies have achieved higher Net Income growth. While 1st Source Corp' s Net Income decline of -2.52% ranks overall at the positon no. 359 in the first quarter 2022.




SRCE Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 4.84 % 20.55 % 2.33 %
III Quarter September - 62 % -18 % 22.93 %
II Quarter June - 63.19 % -20.88 % 6.65 %
I Quarter March -2.52 % 71.19 % -26.04 % 16.11 %
FY   - 45.56 % -11.48 % 11.65 %

Financial Statements
1st Source's first quarter 2022 Net Income $ 27.40 millions SRCE's Income Statement
1st Source's first quarter 2021 Net Income $ 28.11 millions Quarterly SRCE's Income Statement
New: More SRCE's historic Net Income Growth >>


SRCE Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - -14.59 % 31.97 % -10.22 %
III Quarter September - 7.41 % 8.2 % 4.4 %
II Quarter June - 7.58 % 12.85 % 5.5 %
I Quarter March -1.22 % 6.24 % -25.19 % 3.5 %
FY (Year on Year)   - 45.56 % -11.48 % 11.65 %




Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #6
Financial Sector #73
Overall #359

Net Income Y/Y Growth Statistics
High Average Low
14.35 % 2.44 % -6.28 %
(Mar 31 2021)   (Mar 31 2020)
Net Income first quarter 2022 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #6
Financial Sector #73
Overall #359
Net Income Y/Y Growth Statistics
High Average Low
14.35 % 2.44 % -6.28 %
(Mar 31 2021)   (Mar 31 2020)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

1st Source's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
31.96 % 2.6 % -25.22 %
(Dec 31 2020)   (Mar 31 2020)


SRCE's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 1st Source Corp disclosed decrease in Net Income sequentially by -1.22% to $ 27.40 millions, from $ 27.74 millions achived a quarter before.

Those periodic factors which usually energize I. Quarter 2022 Net Income, could not rescue the I. Quarter for the 1st Source Corp, Aaron Moore, Regional Banks industry insider based in Seattle said.

Within Regional Banks industry 1st Source Corp achieved highest sequential Net Income growth. While 1st Source's Net Income growth quarter on quarter, overall rank is 95.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #1
Financial Sector #17
Overall #95
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #1
Financial Sector #17
Overall #95
Net Income Q/Q Growth Statistics
High Average Low
31.96 % 2.6 % -25.22 %
(Dec 31 2020)   (Mar 31 2020)


SRCE's I. Quarter Q/Q Net Income Comment
In the I. Quarter 2022 1st Source Corp reported decrease in Net Income from the previous quarter by -1.22% to $ 27.40 millions, from $ 27.74 millions declared in the previous reporting period.

Albeit periodic influence which normally energize I. Quarter 2022 results, this plainly was not enough to recover Regional Banks's company I. Quarter 2022 outcome, Aaron Moore, Regional Banks industry insider based in Seattle wrote and mentioned that average quarter on quarter Net Income growth is at 2.6% for SRCE.

Within Regional Banks industry 1st Source Corp achieved highest sequential Net Income growth. While 1st Source's Net Income growth quarter on quarter, overall rank is 95.


1st Source's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
12 Months Ending
(Jun 30 2021)
12 Months Ending
(Mar 31 2021)
Cumulative Net Income 12 Months Ending $ 117.85 $ 118.56 $ 117.29 $ 104.86 $ 93.15
Y / Y Net Income Growth (TTM) 26.52 % 45.54 % 52.41 % 28.9 % 8.02 %
Year on Year Net Income Growth Overall Ranking # 264 # 293 # 42 # 1072 # 1068
Seqeuential Net Income Change (TTM) -0.59 % 1.08 % 11.85 % 12.57 % 14.35 %
Seq. Net Income Growth (TTM) Overall Ranking # 1542 # 1519 # 923 # 1159 # 1037




Cumulative Net Income growth Comment
Assuming the 1st Source's fiscal year would have ended in Mar 31 2022, 1st Source would have reprted above average annual Net Income rise of 26.52% year on year, of $ 118 millions.
This marks a slow-down of the companys growth trends and from the 45.54% increase in Dec 31 2021.

In the Financial sector 68 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 264, from total ranking in previous quarter at 293.

Net Income TTM Q/Q Growth Statistics
High Average Low
14.35 %
2.44 %
-6.28 %
(Mar 31 2021)   (Mar 31 2020)

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 94
Financial Sector # 69
Overall # 264

Net Income TTM Y/Y Growth Statistics
High Average Low
52.41 %
10.65 %
-15.91 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 94
Sector # 451
S&P 500 # 1535
Cumulative Net Income growth Comment
Assuming the 1st Source's fiscal year would have ended in Mar 31 2022, 1st Source would have reprted above average annual Net Income rise of 26.52% year on year, of $ 118 millions.
This marks a slow-down of the companys growth trends and from the 45.54% increase in Dec 31 2021.

In the Financial sector 68 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 264, from total ranking in previous quarter at 293.

Net Income TTM Q/Q Growth Statistics
High Average Low
14.35 %
2.44 %
-6.28 %
(Mar 31 2021)   (Mar 31 2020)


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 94
Financial Sector # 69
Overall # 264

Net Income TTM Y/Y Growth Statistics
High Average Low
52.41 %
10.65 %
-15.91 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 94
Sector # 451
S&P 500 # 1535




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
SRCE's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for SRCE's Competitors
Net Income Growth for 1st Source's Suppliers
Net Income Growth for SRCE's Customers

You may also want to know
SRCE's Annual Growth Rates SRCE's Profitability Ratios SRCE's Asset Turnover Ratio SRCE's Dividend Growth
SRCE's Roe SRCE's Valuation Ratios SRCE's Financial Strength Ratios SRCE's Dividend Payout Ratio
SRCE's Roa SRCE's Inventory Turnover Ratio SRCE's Growth Rates SRCE's Dividend Comparisons



Companies with similar Net Income increase for the quarter ending Mar 31 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Mar 31 2022
The Community Financial Corporation-0.17%$ -0.175 millions
Penns Woods Bancorp inc-0.44%$ -0.435 millions
Mainstreet Bancshares Inc -0.50%$ -0.495 millions
Carter Bankshares Inc -0.55%$ -0.555 millions
Enterprise Bancorp inc -0.63%$ -0.628 millions
Kinsale Capital Group Inc -0.90%$ -0.898 millions
Cambridge Bancorp-1.36%$ -1.356 millions
Arbor Realty Trust inc -1.46%$ -1.456 millions
First Financial Bankshares Inc -1.66%$ -1.662 millions
First Merchants Corp-1.78%$ -1.785 millions
Nbt Bancorp Inc-1.81%$ -1.807 millions
Guaranty Bancshares Inc -2.04%$ -2.043 millions
Evans Bancorp Inc -2.14%$ -2.143 millions
Hamilton Lane Incorporated-2.27%$ -2.270 millions
1st Source Corp-2.51%$ -2.508 millions
Pacific Premier Bancorp Inc-2.57%$ -2.569 millions
Moelis and Co-2.91%$ -2.908 millions
Columbia Financial Inc -3.05%$ -3.046 millions
Simmons First National Corp-3.19%$ -3.192 millions
Capstar Financial Holdings Inc -3.24%$ -3.237 millions
Universal Health Realty Income Trust-3.24%$ -3.240 millions
Pcsb Financial Corporation-3.29%$ -3.285 millions
Truist Financial Corporation-3.87%$ -3.870 millions
Arrow Financial Corporation-3.88%$ -3.882 millions
Bar Harbor Bankshares-3.88%$ -3.882 millions
Cousins Properties Inc-3.92%$ -3.917 millions
Five Star Bancorp-4.05%$ -4.047 millions
Federal Home Loan Bank Of Indianapolis-4.28%$ -4.280 millions
Flushing Financial Corporation-4.31%$ -4.307 millions
First Northern Community Bancorp-4.31%$ -4.311 millions


       
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