1st Source Corporation

1st Source Corporationverified

SRCE

Price:

$60.27

Market Cap:

$1.48B

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. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes...[Read more]

Industry

Banks - Regional

IPO Date

1983-08-12

Stock Exchange

NASDAQ

Ticker

SRCE

The Current Ratio as of September 2024 (TTM) for 1st Source Corporation (SRCE) is 0.07

According to 1st Source Corporation’s latest financial reports and current stock price. The company's current Current Ratio is 0.07. This represents a change of -96.42% compared to the average of 1.91 of the last 4 quarters.

1st Source Corporation (SRCE) Historical Current Ratio (quarterly & annually)

How has SRCE Current Ratio performed in the past?

The mean historical Current Ratio of 1st Source Corporation over the last ten years is 141.79. The current 0.07 Current Ratio has changed -95.18% with respect to the historical average. Over the past ten years (40 quarters), SRCE's Current Ratio was at its highest in in the June 2021 quarter at 1.14K. The Current Ratio was at its lowest in in the March 2024 quarter at 0.03.

Quarterly (TTM)
Annual

Average

141.79

Median

46.37

Minimum

0.03

Maximum

534.11

1st Source Corporation (SRCE) Current Ratio by Quarter and Year

Discovering the peaks and valleys of 1st Source Corporation Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.48%

Maximum Annual Current Ratio = 534.11

Minimum Annual Increase = -99.90%

Minimum Annual Current Ratio = 0.03

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.03-99.90%
202230.23-92.67%
2021412.6387.16%
2020220.46319.77%
201952.52-10.05%
201858.39-89.07%
2017534.111.48%
201633.74-16.12%
201540.2313.01%
201435.6028.88%

1st Source Corporation (SRCE) Average Current Ratio

How has SRCE Current Ratio performed in the past?

The current Current Ratio of 1st Source Corporation (SRCE) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

147.63

5-year avg

143.17

10-year avg

141.79

1st Source Corporation (SRCE) Current Ratio vs. Peers

How is SRCE’s Current Ratio compared to its peers?

1st Source Corporation’s Current Ratio is greater than Penns Woods Bancorp, Inc. (0.04), less than Luther Burbank Corporation (102.85), less than Great Southern Bancorp, Inc. (0.15), greater than Waterstone Financial, Inc. (0.03), greater than Chemung Financial Corporation (0.05), less than First Community Corporation (0.09), less than Bank7 Corp. (0.16), less than Orange County Bancorp, Inc. (0.10), less than ChoiceOne Financial Services, Inc. (0.20), greater than Community West Bancshares (0.05), less than Home Bancorp, Inc. (0.11), less than Cullman Bancorp, Inc. (76.62), less than CB Financial Services, Inc. (0.13), greater than Civista Bancshares, Inc. (0.04), greater than Heritage Financial Corporation (0.03), greater than First Northwest Bancorp (0.06), less than HomeTrust Bancshares, Inc. (0.10), less than Lake Shore Bancorp, Inc. (0.21), greater than FS Bancorp, Inc. (0.06),

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