Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
1st Source (SRCE) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.41 per share a year ago.
| Banks Industry | Financials Sector | Andrea Gayle Short CPA CEO | NASDAQ (NGS) Exchange | 336901103 CUSIP |
| US Country | 1,205 Employees | 4 Nov 2025 Last Dividend | 3 Aug 2006 Last Split | 3 Sep 1996 IPO Date |
1st Source Corporation functions as the banking holding company for 1st Source Bank, offering a diversified suite of banking services. Catering to both individuals and businesses, it provides comprehensive solutions ranging from commercial and consumer banking services to trust and wealth advisory, along with insurance products. Established in 1863, the corporation is rooted in South Bend, Indiana, signifying a long-standing presence in the financial services sector. Through its extensive offerings, 1st Source Corporation aims to fulfill the varied financial needs and goals of its clients, emphasizing personalized service and financial well-being.
Consumer Banking Services: This spectrum includes checking and savings accounts, certificates of deposit, and individual retirement accounts complemented by digital banking avenues like online and mobile banking. Additionally, the bank provides consumer loans, real estate mortgage loans, home equity lines of credit, along with financial planning, literacy education, and consultative services. It also extends debit and credit card services to its clientele.
Commercial Banking Services: Catering to businesses, this range offers commercial, small business, agricultural, and real estate loans. These are aimed at addressing general corporate needs such as financing for industrial/commercial properties, equipment, inventories, accounts receivable, and renewable energy projects, including acquisition financing. The bank also specializes in commercial leasing, treasury management, and retirement planning services.
Trust and Wealth Advisory Services: These services are inclusive of managing estates and personal trusts alongside investment account management for individuals, employee benefit plans, and charitable foundations. This segment focuses on providing specialized trust, investment, agency, and custodial services.
Equipment Financing: 1st Source Corporation offers loan and lease financing options for a wide variety of equipment. This includes construction equipment, new and pre-owned aircraft, automobiles, and light to heavy-duty trucks, as well as industry-specific vehicles like step vans, vocational work trucks, motor coaches, shuttle buses, and funeral cars.
Insurance Products: The company provides a broad selection of insurance products and services. These encompass both corporate and personal property and casualty insurance, alongside individual and group health and life insurance offerings. Through this service, 1st Source Corporation aims to meet the comprehensive insurance needs of its clients, ensuring protection and peace of mind.