Last $29.34 USD
Change Today -0.20 / -0.68%
Volume 44.8K
SRCE On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

1st source corp (SRCE) Snapshot

Open
$29.59
Previous Close
$29.54
Day High
$29.77
Day Low
$29.10
52 Week High
04/4/14 - $33.21
52 Week Low
10/3/13 - $25.64
Market Cap
700.4M
Average Volume 10 Days
15.4K
EPS TTM
$2.30
Shares Outstanding
23.9M
EX-Date
08/1/14
P/E TM
12.8x
Dividend
$0.72
Dividend Yield
2.39%
Current Stock Chart for 1ST SOURCE CORP (SRCE)

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1st source corp (SRCE) Details

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposits and individual retirement accounts; on-line and mobile banking products; automated teller machine services; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other services. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and acquisition; and commercial leasing, cash management, and retirement planning services. In addition, it provides a range of trust, investment, agency, and custodial services comprising administration of estates and personal trusts for individual, corporate, and not-for-profit clients; and manages investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company offers equipment loan and lease finance products for auto and light trucks, medium and heavy duty trucks, new and used aircraft, and construction and environmental equipment, as well as leases construction equipment, medium and heavy duty trucks, automobiles, and other equipment. Additionally, it provides corporate and personal property, casualty, and individual and group health and life insurance products and services to individuals and businesses; and investment advisory services to trust and investment clients. The company operates through 77 banking center locations in 17 counties in Indiana and Michigan; and 22 locations of its Specialty Finance Group in the United States. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.

1,100 Employees
Last Reported Date: 02/21/14
Founded in 1863

1st source corp (SRCE) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $695.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $220.0K
President of Specialty Finance Group - 1st So...
Total Annual Compensation: $263.7K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $311.0K
Chief Credit Officer of 1st Source Bank and S...
Total Annual Compensation: $226.6K
Compensation as of Fiscal Year 2013.

1st source corp (SRCE) Key Developments

1st Source Corporation Approves Cash Dividend, Payable on August 15, 2014

At its July meeting, the Board of Directors of 1st Source Corporation approved a cash dividend of $0.18 per common share. The dividend is payable to shareholders of record on August 5, 2014 and will be paid on August 15, 2014.

1st Source Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

1st Source Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $44.850 million compared to $44.611 million a year ago. Net interest income was $40.162 million compared to $38.871 million a year ago. Income before income taxes was $22.416 million compared to $21.955 million a year ago. Net income was $14.494 million or $0.59 per diluted share compared to $13.942 million or $0.56 per basic and diluted share a year ago. For the six months, the company reported total interest income of $88.206 million compared to $88.489 million a year ago. Net interest income was $78.780 million compared to $76.625 million a year ago. Income before income taxes was $43.656 million compared to $41.350 million a year ago. Net income was $28.126 million or $1.15 per basic and diluted share compared to $26.346 million or $1.07 per basic and diluted share a year ago.

1st Source Corporation Approves Cash Dividend, Payable on May 15, 2014

1st Source Corporation announced that its Board of Directors approved a cash dividend of $0.18 per common share. The cash dividend is payable on May 15, 2014 to shareholders of record as of May 5, 2014.

 

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SRCE:US $29.34 USD -0.20

SRCE Competitors

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Company Last Change
First Commonwealth Financial Corp $8.96 USD -0.14
First Merchants Corp $20.51 USD +0.12
S&T Bancorp Inc $24.94 USD -0.68
Simmons First National Corp $40.63 USD -0.57
Tompkins Financial Corp $45.30 USD -0.15
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Industry Analysis

SRCE

Industry Average

Valuation SRCE Industry Range
Price/Earnings 12.8x
Price/Sales 3.0x
Price/Book 1.2x
Price/Cash Flow 12.4x
TEV/Sales 0.4x
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