SRCE Financial Services

1st Source Corporation

$87.97-1.40%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Financial Services
Industry: Banks - Regional
Country: United States
Market cap: 2.1B USD
Full-time employees: 1,190

Overall health

Strength: more profitable than most peersmore profitable than peers
Strength: growing faster than most peersgrowing faster than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #278 of 791 banks & insurance companies (top 36%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $17M vs $27M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years 1st Source recorded $17M of stock-based pay expense and spent $27M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years 1st Source recorded $17M of stock-based pay expense and spent $27M repurchasing shares.

StockQuotient Score

57/ 100▼ 1 since Oct 27 close

Oct 5 59 → Nov 4 57 (-2)

Valuation

Is the price right?

40/100

Moderate▼ 1 since Oct 27 close

2/2 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 41 → 40

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Held back by:

▼ P/B

Compare with peers

Behind the score

Earnings yield (P/E) and book yield (P/B) versus other banks and insurers.

Book yield61.9%

SEC filings · latest balance sheetReported value40% base weight · Z-score -0.62Sector median: 0.7950 · MAD: 0.2843

Earnings yield8.1%

SEC filings · 12 months to Jun 2026Reported value60% base weight · Z-score 0.07Sector median: 0.0789 · MAD: 0.0253

Other data (not scored)

EBITDA yieldUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1095 · MAD: 0.0527

Free cash flow yield9.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported valueInformational · 0% composite weightSector median: 0.0796 · MAD: 0.0459

Growth

Is it growing?

62/100

Moderate

1/1 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ EPS growth

Compare with peers

Behind the score

Earnings-per-share growth versus other banks and insurers.

Earnings per share growth23.3%

SEC filings · 12 months to Jun 2026Reported value100% base weight · Z-score 0.41Sector median: 0.1599 · MAD: 0.1775

Other data (not scored)

3-year revenue growth6.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0826 · MAD: 0.0558

Revenue growth12.1%

Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported valueInformational · 0% composite weightSector median: 0.0866 · MAD: 0.0782

Profitability

Does it earn well?

70/100

Moderate

2/2 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROE

Compare with peers

Behind the score

Return on equity and return on assets versus other banks and insurers.

Return on assets1.8%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 1.07Sector median: 0.0117 · MAD: 0.0062

Return on equity13.0%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.59Sector median: 0.1074 · MAD: 0.0388

Other data (not scored)

Gross marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Operating marginUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.1450 · MAD: 0.1678

Return on invested capitalUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: Unavailable · MAD: Unavailable

Risk

Debt, liquidity, price swings

Not rated

Not rated for banks and insurers: debt and share-price swings say little about their risk. We leave it blank rather than fill the gap with a made-up middle value.

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about 1st Source

Is 1st Source getting weaker?: Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is 57/100, down 1 since Oct 28, 2026.
How is 1st Source valued vs its peers?: Priced about in line with its peers. Valuation scores 40/100 against 950 banks & insurance peers. Book yield 61.9% vs a peer median of 79.5% (weaker than 68% of peers).Book yield 61.9% vs peers 79.5% (weaker than 68% of peers).
Is 1st Source growing?: Yes, faster than most of its peers. Growth scores 62/100 against 950 banks & insurance peers. Earnings per share growth 23.3% vs a peer median of 16.0% (stronger than 62% of peers).Earnings per share growth 23.3% vs peers 16.0% (stronger than 62% of peers).
How profitable is 1st Source?: More profitable than most of its peers. Profitability scores 70/100 against 950 banks & insurance peers. Return on assets 1.8% vs a peer median of 1.2% (stronger than 74% of peers).Return on assets 1.8% vs peers 1.2% (stronger than 74% of peers).
How risky is 1st Source?: Not rated for banks and insurers: debt and share-price swings say little about their risk.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 23, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Net income (12 months)	160.7M USD	170.9M USD	+6.4%
Free cash flow (12 months)	201.9M USD	208.1M USD	+3.1%
Cash	118.8M USD	127.3M USD	+7.2%
Shares outstanding	24.1M	24.1M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Banks - Regional · 119 companies

Valuations in Banks - Regional are within their usual range since 2016.

45% of months since 2016 were valued lower than now.
14% of companies are in the most expensive fifth of their own price-to-book history.
Over 24 months, company values +29% and earnings +32% (medians): prices and earnings moved broadly together.
Median price-to-book is −61% vs the whole market, against a usual −59%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	1.5%	1.4%	1.4%	1.5%	1.7%	▲ 0.3 pts
Return on equity (ROE)	12.9%	13.9%	12.6%	11.9%	12.4%	▲ 0.5 pts
Debt to equity	0.22×	0.25×	0.32×	0.22×	0.19×	▼ 17%

SRCE price history

Price history is added with the daily price update and will appear after the next one.

Similar companies

Sector leaderboards

White Mountains Insurance Group, Ltd.WTM94/ 100

The Allstate CorporationALL93/ 100

PT Saratoga Investama Sedaya TbkSRTG.JK93/ 100

Bringing the fundamentals into focus…

Overall health

Strength: more profitable than most peersmore profitable than peers

Strength: growing faster than most peersgrowing faster than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Ranks #278 of 791 banks & insurance companies (top 36%)

Based on 3 categories: banks and insurers are not rated on risk.

Scored as a bank or insurer: cash-flow, EBITDA, gross margin and current ratio aren’t scored; they are under “Other data”.

See how it ranks against its peers

Worth knowing

Stock pay is large next to buybacks. Stock-based pay expense $17M vs $27M spent repurchasing shares over the 3 fiscal years to 2025.

Over three fiscal years 1st Source recorded $17M of stock-based pay expense and spent $27M repurchasing shares (repurchases can include shares withheld to cover employees' taxes).Over three fiscal years 1st Source recorded $17M of stock-based pay expense and spent $27M repurchasing shares.

Questions investors ask about 1st Source

Is 1st Source getting weaker?

Its latest SEC filing (Jul 23, 2026) showed no major changes. Its overall score is 57/100, down 1 since Oct 28, 2026.

How is 1st Source valued vs its peers?

Priced about in line with its peers. Valuation scores 40/100 against 950 banks & insurance peers. Book yield 61.9% vs a peer median of 79.5% (weaker than 68% of peers).Book yield 61.9% vs peers 79.5% (weaker than 68% of peers).

Is 1st Source growing?

Yes, faster than most of its peers. Growth scores 62/100 against 950 banks & insurance peers. Earnings per share growth 23.3% vs a peer median of 16.0% (stronger than 62% of peers).Earnings per share growth 23.3% vs peers 16.0% (stronger than 62% of peers).

How profitable is 1st Source?

More profitable than most of its peers. Profitability scores 70/100 against 950 banks & insurance peers. Return on assets 1.8% vs a peer median of 1.2% (stronger than 74% of peers).Return on assets 1.8% vs peers 1.2% (stronger than 74% of peers).

How risky is 1st Source?

Not rated for banks and insurers: debt and share-price swings say little about their risk.

Previous quarter

Latest quarter

Change

Net income (12 months)

160.7M USD

170.9M USD

+6.4%

Free cash flow (12 months)

201.9M USD

208.1M USD

+3.1%

Cash

118.8M USD

127.3M USD

+7.2%

Shares outstanding

24.1M

24.1M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

1.5%

1.4%

1.5%

1.7%

▲ 0.3 pts

Return on equity (ROE)

12.9%

13.9%

12.6%

11.9%

12.4%

▲ 0.5 pts

Debt to equity

0.22×

0.25×

0.32×

0.22×

0.19×

▼ 17%