1st Source Corporation

1st Source Corporationverified

SRCE

Price:

$59.45

Market Cap:

$1.46B

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 ROE as of December 2024 (TTM) for 1st Source Corporation (SRCE) is 12.47%

According to 1st Source Corporation’s latest financial reports and current stock price. The company's current ROE is 12.47%. This represents a change of 300.65% compared to the average of 3.11% of the last 4 quarters.

1st Source Corporation (SRCE) Historical ROE (quarterly & annually)

How has SRCE ROE performed in the past?

The mean historical ROE of 1st Source Corporation over the last ten years is 10.70%. The current 12.47% ROE has changed 16.50% with respect to the historical average. Over the past ten years (40 quarters), SRCE's ROE was at its highest in in the September 2022 quarter at 3.96%. The ROE was at its lowest in in the March 2020 quarter at 1.93%.

Quarterly (TTM)
Annual

Average

10.70%

Median

10.14%

Minimum

8.59%

Maximum

13.95%

1st Source Corporation (SRCE) ROE by Quarter and Year

Discovering the peaks and valleys of 1st Source Corporation ROE, 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 = 40.88%

Maximum Annual ROE = 13.95%

Minimum Annual Increase = -17.29%

Minimum Annual ROE = 8.59%

Quarterly (TTM)
Annual
YearROEChange
202312.62%-9.48%
202213.95%7.81%
202112.94%40.88%
20209.18%-17.29%
201911.10%2.67%
201810.81%14.19%
20179.47%10.24%
20168.59%-3.75%
20158.93%-5.55%
20149.45%0.66%

1st Source Corporation (SRCE) Average ROE

How has SRCE ROE performed in the past?

The current ROE 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

13.17%

5-year avg

11.96%

10-year avg

10.70%

1st Source Corporation (SRCE) ROE vs. Peers

How is SRCE’s ROE compared to its peers?

1st Source Corporation’s ROE is less than Penns Woods Bancorp, Inc. (9.95%), less than Luther Burbank Corporation (1.27%), less than Great Southern Bancorp, Inc. (10.36%), less than Waterstone Financial, Inc. (3.96%), less than Chemung Financial Corporation (10.59%), less than First Community Corporation (9.57%), less than Bank7 Corp. (19.13%), less than Orange County Bancorp, Inc. (16.37%), less than ChoiceOne Financial Services, Inc. (11.50%), less than Community West Bancshares (0.44%), less than Home Bancorp, Inc. (9.58%), less than Cullman Bancorp, Inc. (3.60%), less than CB Financial Services, Inc. (16.06%), less than Civista Bancshares, Inc. (8.28%), less than Heritage Financial Corporation (4.39%), greater than First Northwest Bancorp (-3.50%), less than HomeTrust Bancshares, Inc. (10.41%), less than Lake Shore Bancorp, Inc. (4.82%), less than FS Bancorp, Inc. (13.42%),

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