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1ST SOURCE CORP (SRCE) Stock Fundamental Analysis

NASDAQ:SRCE - Nasdaq - US3369011032 - Common Stock - Currency: USD

60.56  -0.36 (-0.59%)

After market: 60.56 0 (0%)

Fundamental Rating

4

Taking everything into account, SRCE scores 4 out of 10 in our fundamental rating. SRCE was compared to 396 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.


Dividend Valuation Growth Profitability Health

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5

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.
In the past 5 years SRCE always reported a positive cash flow from operatings.
SRCE Yearly Net Income VS EBIT VS OCF VS FCFSRCE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

1.2 Ratios

SRCE has a better Return On Assets (1.56%) than 91.16% of its industry peers.
Looking at the Return On Equity, with a value of 12.00%, SRCE belongs to the top of the industry, outperforming 82.58% of the companies in the same industry.
Industry RankSector 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
SRCE Yearly ROA, ROE, ROICSRCE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

With an excellent Profit Margin value of 35.11%, SRCE belongs to the best of the industry, outperforming 92.42% of the companies in the same industry.
SRCE's Profit Margin has improved in the last couple of years.
SRCE does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector 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
SRCE Yearly Profit, Operating, Gross MarginsSRCE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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3

2. Health

2.1 Basic Checks

SRCE does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SRCE has been increased compared to 1 year ago.
SRCE has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, SRCE has a worse debt to assets ratio.
SRCE Yearly Shares OutstandingSRCE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
SRCE Yearly Total Debt VS Total AssetsSRCE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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's Debt to FCF ratio of 0.77 is fine compared to the rest of the industry. SRCE outperforms 78.54% of its industry peers.
SRCE has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
SRCE has a Debt to Equity ratio of 0.14. This is in the better half of the industry: SRCE outperforms 60.10% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 0.77
Altman-Z N/A
ROIC/WACCN/A
WACC7.99%
SRCE Yearly LT Debt VS Equity VS FCFSRCE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
SRCE Yearly Current Assets VS Current LiabilitesSRCE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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4

3. Growth

3.1 Past

SRCE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.72%, which is quite good.
The Earnings Per Share has been growing by 8.41% on average over the past years. This is quite good.
The Revenue has been growing slightly by 7.19% in the past year.
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

Based on estimates for the next years, SRCE will show a small growth in Earnings Per Share. The EPS will grow by 6.33% on average per year.
SRCE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.44% yearly.
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

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SRCE Yearly Revenue VS EstimatesSRCE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 100M 200M 300M 400M
SRCE Yearly EPS VS EstimatesSRCE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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6

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 10.64, the valuation of SRCE can be described as reasonable.
SRCE's Price/Earnings ratio is a bit cheaper when compared to the industry. SRCE is cheaper than 65.66% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.25, SRCE is valued rather cheaply.
The Price/Forward Earnings ratio is 9.99, which indicates a very decent valuation of SRCE.
The rest of the industry has a similar Price/Forward Earnings ratio as SRCE.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.15, SRCE is valued rather cheaply.
Industry RankSector Rank
PE 10.64
Fwd PE 9.99
SRCE Price Earnings VS Forward Price EarningsSRCE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

83.08% of the companies in the same industry are more expensive than SRCE, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 7.1
EV/EBITDA N/A
SRCE Per share dataSRCE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)0.82
PEG (5Y)1.27
EPS Next 2Y6.33%
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.50%, SRCE has a reasonable but not impressive dividend return.
SRCE's Dividend Yield is slightly below the industry average, which is at 3.46.
Compared to an average S&P500 Dividend Yield of 2.38, SRCE has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.5%

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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)5.05%
Div Incr Years26
Div Non Decr Years26
SRCE Yearly Dividends per shareSRCE Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8 1

5.3 Sustainability

SRCE pays out 25.76% of its income as dividend. This is a sustainable payout ratio.
The dividend of SRCE is growing, but earnings are growing more, so the dividend growth is sustainable.
DP25.76%
EPS Next 2Y6.33%
EPS Next 3YN/A
SRCE Yearly Income VS Free CF VS DividendSRCE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M
SRCE Dividend Payout.SRCE Dividend Payout, showing the Payout Ratio.SRCE Dividend Payout.PayoutRetained Earnings

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1ST SOURCE CORP

NASDAQ:SRCE (5/30/2025, 8:00:00 PM)

After market: 60.56 0 (0%)

60.56

-0.36 (-0.59%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-23 2025-07-23/amc
Inst Owners73.16%
Inst Owner Change3.05%
Ins Owners15.6%
Ins Owner Change0.42%
Market Cap1.49B
Analysts77.78
Price Target70.38 (16.22%)
Short Float %1.43%
Short Ratio2.28
Dividend
Industry RankSector Rank
Dividend Yield 2.5%
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)1.22%
PT rev (3m)-0.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.87%
EPS NY rev (1m)5.1%
EPS NY rev (3m)5.1%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)2.41%
Revenue NY rev (3m)2.41%
Valuation
Industry RankSector Rank
PE 10.64
Fwd PE 9.99
P/S 3.75
P/FCF 7.1
P/OCF 6.65
P/B 1.28
P/tB 1.38
EV/EBITDA N/A
EPS(TTM)5.69
EY9.4%
EPS(NY)6.06
Fwd EY10.01%
FCF(TTM)8.53
FCFY14.08%
OCF(TTM)9.11
OCFY15.04%
SpS16.17
BVpS47.29
TBVpS43.87
PEG (NY)0.82
PEG (5Y)1.27
Profitability
Industry RankSector 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 RankSector 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
WACC7.99%
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%