Zacks Investment Research·2 days ago
Are You Looking for a High-Growth Dividend Stock?Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 1st Source (SRCE) have what it takes?
1st Source Corporation(SRCE)Earnings, Financials & Key Ratios
SRCE•NASDAQ•Banking & Credit
$81.71
12.6× P/E·Price updated Jul 7, 2026
About1st 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. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, it provides trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services. 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.Show more
- Net Interest Income$348M+15.7%
- Total Revenue$600M+5.2%
- Net Income$158M+19.3%
- Return on Equity12.66%+7.4%
- Net Interest Margin3.84%+14.2%
- Efficiency Ratio36.14%+1.2%
- ROA1.76%+17.2%
- Equity / Assets14.56%+10.0%
- Book Value per Share54.04+12.0%
SRCE Price & Volume
1st Source Corporation (SRCE) stock price & volume — 10-year historical chart
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Specialized Lending Strategy Drives Consistent Revenue Growth
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Specialized collateral valuation volatility
Key Thesis Takeaways
- 1st Source Corporation leverages a niche equipment finance model to drive steady net interest income expansion, which grew from $71.3 million in 2023Q4 to $93.3 million by 2025Q4.
- While the bank maintains a robust capital position with an equity-to-assets ratio of 0.14 as of 2026Q1, investors should monitor the potential for increased credit volatility following the $36 million provision for credit losses recorded in the same period.
- The firm's ability to balance specialized asset-sensitive lending with disciplined expense management, evidenced by an efficiency ratio consistently between 33.9% and 39.5%, remains a primary driver of its long-term fundamental outlook.
Verdict Logic
while the bank shows a solid PEG ratio of 0.83, the significant $36 million provision for credit losses in 2026Q1 warrants further investigation into the underlying collateral quality of the specialized equipment portfolio.
SRCE Growth Metrics
1st Source Corporation (SRCE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years8.39%
5 Years10.34%
3 Years15.93%
TTM-
Profit CAGR
10 Years10.66%
5 Years14.21%
3 Years9.51%
TTM14.23%
EPS CAGR
10 Years11.53%
5 Years15.3%
3 Years10.1%
TTM14.94%
Return on Capital
10 Years11.74%
5 Years11.7%
3 Years9.83%
Last Year3.95%
SRCE Recent Earnings
1st Source Corporation (SRCE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$1.63-0.6%
$1.64
Rev
$113M+1.0%
$112M
Q1 2026
Jan 22, 2026Metric
Actual
Est
EPS
$1.67+3.1%
$1.62
Rev
$115M+4.0%
$111M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$1.71+6.9%
$1.60
Rev
$111M+1.2%
$109M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$1.51+1.3%
$1.49
Rev
$108M+2.5%
$106M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $1.63vs $1.64-0.6% | $113Mvs $112M+1.0% |
| Q1 2026 | Jan 22, 2026 | $1.67vs $1.62+3.1% | $115Mvs $111M+4.0% |
| Q4 2025 | Oct 23, 2025 | $1.71vs $1.60+6.9% | $111Mvs $109M+1.2% |
| Q3 2025 | Jul 24, 2025 | $1.51vs $1.49+1.3% | $108Mvs $106M+2.5% |
Based on last 12 quarters of dataView full earnings history →
Latest SRCE News
Recent stock market news and headlines for 1st Source Corporation (SRCE)
Zacks Investment Research·Jun 29, 2026
1st Source (SRCE) Is Up 6.57% in One Week: What You Should KnowDoes 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Zacks Investment Research·Jun 17, 2026
Why 1st Source (SRCE) is a Great Dividend Stock Right NowDividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 1st Source (SRCE) have what it takes?
Peers Comparison
Key metrics vs top competitors for 1st Source Corporation (SRCE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $81.71 | $1.99B | 12.65 | 5.2% | 26.38% | 12.66% | 1.93% | |
| $34.67 | $4.97B | 19.59 | 11.71% | 31.14% | 14.2% | — | |
| $24.23 | $4.63B | 11.65 | 5.03% | 20.93% | 11.45% | — | |
| $35.76 | $736.88M | 10.94 | -0.3% | 22.54% | 14.15% | — | |
| $49.63 | $2.58B | 14.90 | 10.36% | 19.66% | 9.83% | — | |
| $57.41 | $991.72M | 10.51 | 2.74% | 24.23% | 13.36% | — |
Compare SRCE vs Peers
1st Source Corporation (SRCE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SRCE SEC Filings & Documents
1st Source Corporation (SRCE) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 24, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Feb 23, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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SRCE Frequently Asked Questions
1st Source Corporation (SRCE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is 1st Source Corporation growing?
1st Source Corporation (SRCE) grew revenue by 5.2% over the past year. This is steady growth.
Is SRCE profitable?
Yes, 1st Source Corporation (SRCE) is profitable, generating $160.7M in net income for fiscal year 2025 (26.4% net margin).
Dividend & Returns
Does SRCE pay dividends?
Yes, 1st Source Corporation (SRCE) pays a dividend with a yield of 1.93%. This makes it attractive for income-focused investors.
What is SRCE's return on equity?
1st Source Corporation (SRCE) has a return on equity (ROE) of 12.7%. This is reasonable for most industries.
Industry Metrics
What is 1st Source Corporation's net interest margin?
1st Source Corporation (SRCE) has a net interest margin (NIM) of 3.8%. This indicates healthy earnings from lending activities.
What is 1st Source Corporation's efficiency ratio?
1st Source Corporation (SRCE) has an efficiency ratio of 36.1%. This is excellent, indicating strong cost control.