1st Source (SRCE) to Release Earnings on Thursday

Posted by Casey Walker on Jan 22nd, 2025

1st Source (NASDAQ:SRCE – Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect 1st Source to post earnings of $1.33 per share and revenue of $97,640.00 billion for the quarter.

1st Source (NASDAQ:SRCE – Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.05. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. The company had revenue of $97.93 million during the quarter, compared to the consensus estimate of $97.30 million. During the same period in the previous year, the company posted $1.32 EPS. On average, analysts expect 1st Source to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Price Performance

NASDAQ SRCE opened at $58.07 on Wednesday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 11.06 and a beta of 0.82. 1st Source has a 12 month low of $47.30 and a 12 month high of $68.13. The company’s 50 day moving average is $61.29 and its two-hundred day moving average is $60.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.08.

1st Source Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, November 5th. This represents a $1.44 annualized dividend and a dividend yield of 2.48%. 1st Source’s payout ratio is 27.43%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of 1st Source in a research note on Saturday.

Get Our Latest Analysis on 1st Source

1st Source Company Profile

(Get Free Report)

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. 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.