1st Source (SRCE) to Release Earnings on Thursday

1st Source (NASDAQ:SRCE) will likely be releasing its Q1 2025 earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.36 per share and revenue of $100.97 million for the quarter.

1st Source (NASDAQ:SRCE) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. 1st Source had a return on equity of 11.92% and a net margin of 23.10%. On average, analysts expect 1st Source to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Price Performance

SRCE opened at $54.25 on Tuesday. The firm has a market capitalization of $1.33 billion, a PE ratio of 10.12 and a beta of 0.67. The business’s 50-day moving average is $60.32 and its two-hundred day moving average is $61.09. 1st Source has a 1 year low of $48.91 and a 1 year high of $68.13. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.94 and a quick ratio of 0.94.

1st Source Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Tuesday, February 4th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Tuesday, February 4th. 1st Source’s payout ratio is currently 26.87%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SRCE shares. Piper Sandler raised shares of 1st Source from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $70.00 to $72.50 in a report on Monday, January 27th. Keefe, Bruyette & Woods boosted their target price on 1st Source from $67.00 to $69.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of 1st Source in a report on Tuesday, April 8th.

About 1st Source

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.