1st Source Financials

SRCE Stock  USD 64.89  0.33  0.51%   
Based on the measurements of operating efficiency obtained from 1st Source's historical financial statements, 1st Source is not in a good financial situation at this time. It has a very high probability of going through financial hardship in December. At present, 1st Source's Property Plant And Equipment Net is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 277.3 M, whereas Total Assets are forecasted to decline to about 4.5 B. Key indicators impacting 1st Source's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.180.3438
Way Down
Slightly volatile
Return On Assets0.00840.0143
Way Down
Slightly volatile
Return On Equity0.120.1263
Notably Down
Slightly volatile
Debt Equity Ratio0.530.3452
Way Up
Pretty Stable
Current Ratio0.670.7037
Notably Down
Very volatile
The essential information of the day-to-day investment outlook for 1st Source includes many different criteria found on its balance sheet. An individual investor should monitor 1st Source's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in 1st Source.

Net Income

131.18 Million

  
Understanding current and past 1st Source Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of 1st Source's financial statements are interrelated, with each one affecting the others. For example, an increase in 1st Source's assets may result in an increase in income on the income statement.
Please note, the presentation of 1st Source's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 1st Source's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of 1st Source's management manipulating its earnings.

1st Source Stock Summary

1st Source competes with Penns Woods, Great Southern, Waterstone Financial, Chemung Financial, and First Community. 1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana. 1st Source operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1130 people.
Specialization
Financial Services, Banks - Regional
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3369011032
CUSIP336901103
LocationIndiana; U.S.A
Business Address100 North Michigan
SectorBanks
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.1stsource.com
Phone574 235 2000
CurrencyUSD - US Dollar

1st Source Key Financial Ratios

1st Source Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets6.6B7.3B8.1B8.3B8.7B4.5B
Other Current Liab(25.4M)(7.1M)65.5M41.7M(105.4M)(100.1M)
Net Debt88.6M73.5M80.9M94.7M264.1M277.3M
Retained Earnings463.3M514.2M603.8M694.9M789.8M829.3M
Cash67.2M74.2M54.4M84.7M77.5M72.3M
Other Assets4.0B4.3B3.8B4.1B8.6B9.0B
Total Liab5.8B6.4B7.1B7.4B7.7B4.0B
Total Current Assets1.3B1.6B2.2B2.2B106.4M101.1M
Short Term Debt25.4M7.1M5.3M74.1M256.6M269.4M
Other Liab18.3M25.2M25.0M23.7M21.3M38.2M
Accounts Payable5.4B5.9B6.7B6.9B8.0B4.4B
Inventory(92.5M)(265.6M)(543.8M)(148.0M)(133.2M)(126.5M)
Treasury Stock(76.7M)(82.2M)(114.2M)(119.6M)(107.7M)(102.3M)
Good Will83.9M83.9M83.9M83.9M83.9M81.9M
Intangible Assets104K82K60K40K21K20.0K
Other Current Assets92.5M265.6M543.8M148.0M130.4M123.9M
Net Tangible Assets744.3M802.9M832.3M780.2M897.2M692.6M
Net Receivables228.0M288.6M269.5M380.0M437.0M458.9M

1st Source Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense59.0M37.2M18.1M30.3M138.3M145.2M
Operating Income120.1M106.3M154.9M187.1M(7K)(6.7K)
Ebit120.1M91.7M145.5M155.1M(7.5M)(7.2M)
Ebitda145.2M120.4M167.4M172.9M7.1M6.7M
Net Income92.0M81.4M118.5M120.5M124.9M131.2M
Income Tax Expense28.1M24.9M36.3M36.3M36.7M38.6M
Total Revenue325.0M329.7M336.7M354.7M363.4M216.7M
Gross Profit325.0M329.7M336.7M354.7M363.4M216.7M
Income Before Tax120.2M106.3M154.9M156.8M161.7M169.8M
Tax Provision28.1M24.9M36.3M36.3M36.7M34.3M
Net Interest Income223.9M225.8M236.6M263.5M278.6M240.1M
Interest Income282.9M263.0M254.8M293.8M416.9M288.1M

1st Source Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash(15.7M)159.7M282.1M(402.4M)6.9M6.4M
Free Cash Flow154.1M151.6M163.9M173.2M182.0M191.1M
Depreciation35.3M31.1M24.0M19.1M14.6M23.0M
Other Non Cash Items10.9M50.8M1.5M22.3M13.0M13.7M
Dividends Paid29.0M29.8M31.3M32.1M33.1M34.7M
Capital Expenditures10.5M2.9M2.9M2.4M6.0M5.7M
Net Income92.0M81.5M118.6M120.5M124.9M131.2M
End Period Cash Flow83.4M243.0M525.2M122.8M129.7M133.4M
Investments(406.9M)(672.3M)(594.2M)(842.4M)(358.3M)(376.2M)
Change Receivables245K(1.1M)2.5M(7.0M)(6.3M)(6.0M)
Net Borrowings(56.1M)11.8M35.9M(10.0M)(9.0M)(8.6M)
Change To Netincome15.8M23.2M13.4M16.3M14.7M17.0M

1st Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining 1st Source's current stock value. Our valuation model uses many indicators to compare 1st Source value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across 1st Source competition to find correlations between indicators driving 1st Source's intrinsic value. More Info.
1st Source is rated fifth in return on equity category among its peers. It is rated third in return on asset category among its peers reporting about  0.12  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for 1st Source is roughly  8.01 . At present, 1st Source's Return On Equity is projected to increase slightly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value 1st Source by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

1st Source Systematic Risk

1st Source's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. 1st Source volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was four with a total number of output elements of fifty-seven. The Beta measures systematic risk based on how returns on 1st Source correlated with the market. If Beta is less than 0 1st Source generally moves in the opposite direction as compared to the market. If 1st Source Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 1st Source is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 1st Source is generally in the same direction as the market. If Beta > 1 1st Source moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in 1st Source Stock are looking for potential investment opportunities by analyzing not only static indicators but also various 1st Source's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of 1st Source growth as a starting point in their analysis.

Price Earnings To Growth Ratio

3.7

At present, 1st Source's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

1st Source November 27, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of 1st Source help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of 1st Source. We use our internally-developed statistical techniques to arrive at the intrinsic value of 1st Source based on widely used predictive technical indicators. In general, we focus on analyzing 1st Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 1st Source's daily price indicators and compare them against related drivers.

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When running 1st Source's price analysis, check to measure 1st Source's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1st Source is operating at the current time. Most of 1st Source's value examination focuses on studying past and present price action to predict the probability of 1st Source's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1st Source's price. Additionally, you may evaluate how the addition of 1st Source to your portfolios can decrease your overall portfolio volatility.
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