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1st Source (SRCE)

(Real Time Quote from BATS)

$58.20 USD

58.20
82,432

+1.07 (1.87%)

Updated Aug 8, 2024 09:48 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.03%
2Buy17.70%
3Hold9.37%
4Sell5.03%
5Strong Sell2.48%
S&P50011.19%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value F Growth B Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 14% (34 out of 250)

Industry: Banks - Midwest

Zacks Premium FeatureView All Zacks #1 Ranked Stocks

Better trading starts here.

Balance Sheet

Research for SRCE

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

See more Zacks Equity Research reports

 

Fiscal Year End for 1st Source Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 130 123 525 243 83
Receivables 6,799 6,252 5,488 5,637 5,202
Notes Receivable 0 0 0 0 0
Inventories 1 4 13 13 20
Other Current Assets 0 0 0 0 0
Total Current Assets 6,930 6,379 6,027 5,893 5,306
Net Property & Equipment 46 45 47 49 52
Investments & Advances 1,648 1,800 1,890 1,225 1,069
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 84 84 84 84 84
Deposits & Other Assets 20 32 48 65 112
Total Assets 8,728 8,339 8,096 7,316 6,623
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 312 216 200 151 146
Accounts Payable 7,039 6,928 6,679 5,946 5,357
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 202 167 118 148 141
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 7,553 7,310 6,997 6,245 5,644
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 107 105 130 141 130
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 7,660 7,416 7,127 6,386 5,774
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 437 437 437 437 437
Capital Surplus 0 0 0 0 0
Retained Earnings 790 695 604 514 463
Other Equity -28 -88 43 62 26
Treasury Stock 130 120 114 82 77
Total Shareholder's Equity 1,068 924 969 931 849
Total Liabilities & Shareholder's Equity 8,728 8,339 8,096 7,316 6,623
Total Common Equity 1,068 924 969 931 849
Shares Outstanding 24.40 24.60 24.80 25.50 25.50
Book Value Per Share 43.78 37.55 39.09 36.50 33.28

Fiscal Year End for 1st Source Corporation falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents 269 81 130 111 113
Receivables 6,912 6,829 6,799 6,629 6,459
Notes Receivable 0 0 0 0 0
Inventories 3 3 1 3 2
Other Current Assets 0 0 0 0 0
Total Current Assets 7,184 6,913 6,930 6,743 6,574
Net Property & Equipment 48 46 46 44 44
Investments & Advances 1,548 1,608 1,648 1,630 1,687
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 84 84 84 84 84
Deposits & Other Assets 14 17 20 24 27
Total Assets 8,878 8,668 8,728 8,525 8,415
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable 288 250 312 272 188
Accounts Payable 7,196 7,055 7,039 6,967 6,977
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 181 183 202 197 165
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 7,665 7,488 7,553 7,437 7,329
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 98 98 107 105 105
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 7,763 7,586 7,660 7,542 7,435
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 437 437 437 437 437
Capital Surplus 0 0 0 0 0
Retained Earnings 842 812 790 770 744
Other Equity -34 -38 -28 -93 -80
Treasury Stock 129 130 130 131 120
Total Shareholder's Equity 1,115 1,082 1,068 983 980
Total Liabilities & Shareholder's Equity 8,878 8,668 8,728 8,525 8,415
Total Common Equity 1,115 1,082 1,068 983 980
Shares Outstanding 24.50 24.40 24.40 24.40 24.60
Book Value Per Share 45.50 44.33 43.78 40.29 39.84