Tariffs on automobiles have been paused for one month. Nevertheless, the chance of resumption creates a high risk for SRCE's Specialty Finance division. The net interest margin appears to be almost neutral to interest rate changes, which is a good quality to have in the currently uncertain interest rate environment. I'm expecting an EPS of $5.53 for 2025, which is slightly below my previous estimate of $5.56.
1st Source (SRCE) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Ranked #26 in Top 100 U.S. Banks South Bend, Indiana--(Newsfile Corp. - February 27, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were once again named to Forbes' America's Best Banks list, taking the 26th spot out of 100. According to Forbes, they look at "10 metrics measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 1st Source (SRCE) have what it takes?
South Bend, Indiana--(Newsfile Corp. - February 4, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that it has joined the U.S. Faster Payments Council (FPC). This industry-led membership organization is helping to shape the future of the U.S. national payment system.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does 1st Source (SRCE) have what it takes?
1st Source (SRCE) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.16 per share a year ago.
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32.