SRCE Fundamental Analysis - 1ST SOURCE CORP

Fundamental Rating

Overall SRCE gets a fundamental rating of 4 out of 10. We evaluated SRCE against 395 industry peers in the Banks industry. While SRCE is still in line with the averages on profitability rating, there are concerns on its financial health. SRCE is not valued too expensively and it also shows a decent growth rate.

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1. Profitability

1.1 Basic Checks

SRCE had positive earnings in the past year.

In the past year SRCE had a positive cash flow from operations.

In the past 5 years SRCE has always been profitable.

Each year in the past 5 years SRCE had a positive operating cash flow.

1.2 Ratios

SRCE has a better Return On Assets (1.56%) than 91.14% of its industry peers.

SRCE's Return On Equity of 12.00% is amongst the best of the industry. SRCE outperforms 82.78% of its industry peers.

		Industry Rank	Sector Rank
ROA	1.56%
ROE	12%
ROIC	N/A

ROA(3y)1.44%

ROA(5y)1.38%

ROE(3y)12.72%

ROE(5y)12.02%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

SRCE has a Profit Margin of 35.11%. This is amongst the best in the industry. SRCE outperforms 92.15% of its industry peers.

SRCE's Profit Margin has improved in the last couple of years.

The Operating Margin and Gross Margin are not available for SRCE so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	35.11%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-0.95%

PM growth 5Y3.83%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

SRCE does not have a ROIC to compare to the WACC, probably because it is not profitable.

Compared to 1 year ago, SRCE has more shares outstanding

The number of shares outstanding for SRCE has been reduced compared to 5 years ago.

The debt/assets ratio for SRCE is higher compared to a year ago.

2.2 Solvency

SRCE has a debt to FCF ratio of 0.77. This is a very positive value and a sign of high solvency as it would only need 0.77 years to pay back of all of its debts.

SRCE has a better Debt to FCF ratio (0.77) than 78.73% of its industry peers.

A Debt/Equity ratio of 0.14 indicates that SRCE is not too dependend on debt financing.

SRCE has a Debt to Equity ratio (0.14) which is in line with its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.14
Debt/FCF	0.77
Altman-Z	N/A

ROIC/WACCN/A

WACC8.13%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 14.72% over the past year.

Measured over the past years, SRCE shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.41% on average per year.

SRCE shows a small growth in Revenue. In the last year, the Revenue has grown by 7.19%.

The Revenue has been growing slightly by 3.56% on average over the past years.

EPS 1Y (TTM)14.72%

EPS 3Y4.55%

EPS 5Y8.41%

EPS Q2Q%27.73%

Revenue 1Y (TTM)7.19%

Revenue growth 3Y4.76%

Revenue growth 5Y3.56%

Sales Q2Q%10.6%

3.2 Future

SRCE is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.33% yearly.

The Revenue is expected to grow by 5.44% on average over the next years.

EPS Next Y12.97%

EPS Next 2Y6.33%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year8.49%

Revenue Next 2Y5.44%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 10.48, which indicates a very decent valuation of SRCE.

Based on the Price/Earnings ratio, SRCE is valued a bit cheaper than the industry average as 67.09% of the companies are valued more expensively.

The average S&P500 Price/Earnings ratio is at 26.34. SRCE is valued rather cheaply when compared to this.

Based on the Price/Forward Earnings ratio of 9.84, the valuation of SRCE can be described as reasonable.

The rest of the industry has a similar Price/Forward Earnings ratio as SRCE.

When comparing the Price/Forward Earnings ratio of SRCE to the average of the S&P500 Index (21.03), we can say SRCE is valued rather cheaply.

		Industry Rank	Sector Rank
PE	10.48
Fwd PE	9.84

4.2 Price Multiples

83.54% of the companies in the same industry are more expensive than SRCE, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	6.99
EV/EBITDA	N/A

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

PEG (NY)0.81

PEG (5Y)1.25

EPS Next 2Y6.33%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.57%, SRCE has a reasonable but not impressive dividend return.

Compared to an average industry Dividend Yield of 3.61, SRCE is paying slightly less dividend.

Compared to an average S&P500 Dividend Yield of 2.44, SRCE has a dividend comparable with the average S&P500 company.

		Industry Rank	Sector Rank
Dividend Yield	2.57%

5.2 History

The dividend of SRCE has a limited annual growth rate of 5.05%.

SRCE has been paying a dividend for at least 10 years, so it has a reliable track record.

SRCE has not decreased their dividend for at least 10 years, which is a reliable track record.

Dividend Growth(5Y)5.05%

Div Incr Years26

Div Non Decr Years26

5.3 Sustainability

SRCE pays out 25.76% of its income as dividend. This is a sustainable payout ratio.

SRCE's earnings are growing more than its dividend. This makes the dividend growth sustainable.

DP25.76%

EPS Next 2Y6.33%

EPS Next 3YN/A

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1ST SOURCE CORP

NASDAQ:SRCE (6/23/2025, 12:25:51 PM)

59.63

+0.13 (+0.22%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)04-24 2025-04-24/bmo

Earnings (Next)07-17 2025-07-17/amc

Inst Owners74.98%

Inst Owner Change3.04%

Ins Owners25.56%

Ins Owner Change0.89%

Market Cap1.46B

Analysts77.78

Price Target70.38 (18.03%)

Short Float %1.14%

Short Ratio2.27

Dividend

		Industry Rank	Sector Rank
Dividend Yield	2.57%

Yearly Dividend1.45

Dividend Growth(5Y)5.05%

DP25.76%

Div Incr Years26

Div Non Decr Years26

Ex-Date05-05 2025-05-05 (0.38)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)1.08%

Min EPS beat(2)-6.41%

Max EPS beat(2)8.56%

EPS beat(4)3

Avg EPS beat(4)6.34%

Min EPS beat(4)-6.41%

Max EPS beat(4)19.8%

EPS beat(8)6

Avg EPS beat(8)7.33%

EPS beat(12)8

Avg EPS beat(12)6.01%

EPS beat(16)11

Avg EPS beat(16)6.79%

Revenue beat(2)1

Avg Revenue beat(2)-0.37%

Min Revenue beat(2)-1.76%

Max Revenue beat(2)1.01%

Revenue beat(4)2

Avg Revenue beat(4)-0.44%

Min Revenue beat(4)-1.76%

Max Revenue beat(4)1.01%

Revenue beat(8)3

Avg Revenue beat(8)-0.54%

Revenue beat(12)4

Avg Revenue beat(12)-0.64%

Revenue beat(16)5

Avg Revenue beat(16)-0.72%

PT rev (1m)0%

PT rev (3m)-0.72%

EPS NQ rev (1m)0%

EPS NQ rev (3m)2.87%

EPS NY rev (1m)0%

EPS NY rev (3m)5.1%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)2.06%

Revenue NY rev (1m)0%

Revenue NY rev (3m)2.41%

Valuation

		Industry Rank	Sector Rank
PE	10.48
Fwd PE	9.84
P/S	3.69
P/FCF	6.99
P/OCF	6.55
P/B	1.26
P/tB	1.36
EV/EBITDA	N/A

EPS(TTM)5.69

EY9.54%

EPS(NY)6.06

Fwd EY10.16%

FCF(TTM)8.53

FCFY14.3%

OCF(TTM)9.11

OCFY15.27%

SpS16.17

BVpS47.29

TBVpS43.87

PEG (NY)0.81

PEG (5Y)1.25

Profitability

		Industry Rank	Sector Rank
ROA	1.56%
ROE	12%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	35.11%
GM	N/A
FCFM	52.73%

ROA(3y)1.44%

ROA(5y)1.38%

ROE(3y)12.72%

ROE(5y)12.02%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y-0.95%

PM growth 5Y3.83%

GM growth 3YN/A

GM growth 5YN/A

F-Score9

Asset Turnover0.04

Health

		Industry Rank	Sector Rank
Debt/Equity	0.14
Debt/FCF	0.77
Debt/EBITDA	N/A
Cap/Depr	160.88%
Cap/Sales	3.6%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	150.18%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score9

WACC8.13%

ROIC/WACCN/A

Cap/Depr(3y)65.39%

Cap/Depr(5y)44.06%

Cap/Sales(3y)1.83%

Cap/Sales(5y)1.45%

Profit Quality(3y)143.34%

Profit Quality(5y)151.36%

High Growth Momentum

Growth

EPS 1Y (TTM)14.72%

EPS 3Y4.55%

EPS 5Y8.41%

EPS Q2Q%27.73%

EPS Next Y12.97%

EPS Next 2Y6.33%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)7.19%

Revenue growth 3Y4.76%

Revenue growth 5Y3.56%

Sales Q2Q%10.6%

Revenue Next Year8.49%

Revenue Next 2Y5.44%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y17.96%

FCF growth 3Y3.46%

FCF growth 5Y3.33%

OCF growth 1Y23.86%

OCF growth 3Y5.14%

OCF growth 5Y3.33%

1ST SOURCE CORP (SRCE) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

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5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

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