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 demonstrates steady growth, conservative underwriting, and efficient cost control, resulting in strong credit quality and attractive long-term performance. Current valuation is fair, with a 2.5% yield and earnings/book multiples slightly below historical medians, supporting potential shareholder value. Macroeconomic and trade policy risks are present but are unlikely to materially impact profitability or prompt drastic Fed action in the near term.
Among 16 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 15, 2025) - 1st Source (NASDAQ: SRCE) is pleased to announce that it made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW) for the seventh consecutive year. They are among just 16 U.S. Banks on the list, placing its long-term performance among the top 5% of eligible banks in the United States.
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) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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 $1.52 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.19 per share a year ago.
QUARTERLY HIGHLIGHTS Net income was a record $37.52 million for the quarter, up $6.08 million or 19.35% from the previous quarter and up $8.07 million or 27.38% from the first quarter of 2024. Diluted net income per common share was $1.52, up $0.25 or 19.69% from the previous quarter and up $0.33 or 27.73% from the prior year's first quarter of $1.19.
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?
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?
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.