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Last $32.16 USD
Change Today -0.68 / -2.07%
Volume 32.0K
SRCE On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

1st source corp (SRCE) Snapshot

Open
$32.54
Previous Close
$32.84
Day High
$32.92
Day Low
$31.88
52 Week High
12/31/14 - $35.22
52 Week Low
07/30/14 - $27.80
Market Cap
798.9M
Average Volume 10 Days
31.7K
EPS TTM
$2.24
Shares Outstanding
24.8M
EX-Date
01/30/15
P/E TM
14.4x
Dividend
$0.72
Dividend Yield
2.24%
Current Stock Chart for 1ST SOURCE CORP (SRCE)

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1st source corp (SRCE) Details

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposits and individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other services. 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 acquisition financing; and commercial leasing, cash management, and retirement planning services. In addition, it provides a range of trust, investment, agency, and custodial services comprising administration of estates and personal trusts for individual, corporate, and not-for-profit clients; and manages investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease finance products for auto and light trucks, medium and heavy duty trucks, new and used general aviation aircraft, and construction equipment, as well as leases construction equipment, medium and heavy duty trucks, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services to individuals and businesses; and investment advisory services to trust and investment clients. The company operates through 80 banking center locations in 17 counties in Indiana and Michigan; and 22 locations for specialized financing services in the United States. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

1,100 Employees
Last Reported Date: 02/20/15
Founded in 1863

1st source corp (SRCE) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $707.7K
President and President of 1st Source Bank
Total Annual Compensation: $282.5K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $251.5K
President of Specialty Finance Group - 1st So...
Total Annual Compensation: $270.0K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $319.2K
Compensation as of Fiscal Year 2014.

1st source corp (SRCE) Key Developments

1st Source Corporation Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

1st Source Corporation Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

1St Source Corporation Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014

1st Source Corporation announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total interest income of $45,196,000, net interest income of $40,839,000, income before income taxes of $19,544,000, net income of $14,996,000 or $0.62 per diluted share compared to the total interest income of $44,130,000, net interest income of $39,034,000, income before income taxes of $19,288,000, net income of $13,716,000 or $0.56 per diluted share for the same quarter a year ago. Return on average assets was 1.23% compared to 1.17% a year ago. Return on average common shareholders' equity was 9.72% compared to 9.26% a year ago. For the year, the company reported total interest income of $178,554,000, net interest income of $160,329,000, income before income taxes of $84,443,000, net income of $58,069,000 or $2.39 per diluted share compared to the total interest income of $179,585,000, net interest income of $156,817,000, income before income taxes of $83,943,000, net income of $54,958,000 or $2.23 per diluted share for the previous year. Return on average assets was 1.21% compared to 1.19% a year ago. Return on average common shareholders' equity was 9.65% compared to 9.55% a year ago. Book value per share was $25.75 compared to $24.07 a year ago.

1st Source Corporation Approves a Cash Dividend, Payable on February 13, 2015

At its January 2015 meeting, 1st Source Corporation's Board of Directors approved a cash dividend of $0.18 per common share. The cash dividend is payable on February 13, 2015 to shareholders of record on February 3, 2015. Dividends for 2014 increased 4.41% over the previous year.

 

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Industry Analysis

SRCE

Industry Average

Valuation SRCE Industry Range
Price/Earnings 13.5x
Price/Sales 3.3x
Price/Book 1.2x
Price/Cash Flow 13.8x
TEV/Sales 1.6x
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