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Upturn AI SWOT - About
SRCE 
1st Source Corporation (SRCE)
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Upturn Advisory Summary
09/17/2025: SRCE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $72
1 Year Target Price $72
| 0 | Strong Buy |
| 1 | Buy |
| 2 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -14.44% | Avg. Invested days 34 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 09/17/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.55B USD | Price to earnings Ratio 11.07 | 1Y Target Price 72 |
Price to earnings Ratio 11.07 | 1Y Target Price 72 | ||
Volume (30-day avg) 3 | Beta 0.7 | 52 Weeks Range 51.49 - 66.92 | Updated Date 09/17/2025 |
52 Weeks Range 51.49 - 66.92 | Updated Date 09/17/2025 | ||
Dividends yield (FY) 1.14% | Basic EPS (TTM) 5.7 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 36.04% | Operating Margin (TTM) 49.29% |
Management Effectiveness
Return on Assets (TTM) 1.57% | Return on Equity (TTM) 11.9% |
Valuation
Trailing PE 11.07 | Forward PE - | Enterprise Value 1688065152 | Price to Sales(TTM) 3.95 |
Enterprise Value 1688065152 | Price to Sales(TTM) 3.95 | ||
Enterprise Value to Revenue 4.18 | Enterprise Value to EBITDA - | Shares Outstanding 24537800 | Shares Floating 17359726 |
Shares Outstanding 24537800 | Shares Floating 17359726 | ||
Percent Insiders 26.03 | Percent Institutions 74.63 |
Upturn AI SWOT
1st Source Corporation
Company Overview
History and Background
1st Source Corporation was founded in 1863 in South Bend, Indiana. It has grown from a small bank to a diversified financial services company with locations throughout Indiana and Michigan. Over the years, it has focused on providing personalized service and building strong community relationships.
Core Business Areas
- Banking Services: Offers a full range of banking products and services, including checking and savings accounts, loans, and wealth management services. It focuses on small businesses, commercial clients, and individuals.
- Commercial Lending: Provides commercial lending services, including equipment financing, commercial real estate financing, and working capital loans. It also offers specialized lending programs for specific industries.
- Trust and Wealth Management: Offers trust and wealth management services, including investment management, retirement planning, and estate planning. It caters to high-net-worth individuals, families, and institutions.
Leadership and Structure
The company is led by Andrea Short, CEO and President. The organizational structure includes various departments and divisions, each managed by experienced executives. The board of directors provides oversight and strategic guidance.
Top Products and Market Share
Key Offerings
- Commercial Loans: Loans for businesses to fund operations, expansion, and equipment purchases. 1st Source has a significant presence in Northern Indiana and Southwestern Michigan, specifically within small to mid-size enterprises. Competitors include larger national banks and regional players such as Old National Bancorp (ONB) and Horizon Bancorp (HBNC).
- Mortgage Lending: Mortgage products and services for residential home buyers. 1st Source competes with national mortgage lenders as well as local credit unions for market share. Competitors include Rocket Mortgage and Huntington National Bank.
- Wealth Management: Investment management, trust services, and financial planning services for individuals and institutions. Competitors include large national firms like Merrill Lynch and local/regional advisory firms.
Market Dynamics
Industry Overview
The banking industry is currently navigating a complex environment with rising interest rates, increased regulatory scrutiny, and evolving customer expectations. Technological advancements and fintech disruptors are also impacting the industry.
Positioning
1st Source Corporation is positioned as a community-focused bank that emphasizes relationship banking and personalized service. Its competitive advantages include strong local brand recognition and a long history of serving the community.
Total Addressable Market (TAM)
The TAM for banking services in the regions 1st Source serves is estimated to be in the billions. 1st Source's position within the TAM is as a well-established regional player focusing on customer relationships and local expertise.
Upturn SWOT Analysis
Strengths
- Strong local brand recognition
- Long-standing community relationships
- Diversified business model
- Solid financial performance
Weaknesses
- Limited geographic reach
- Smaller scale compared to national banks
- Potential dependence on regional economy
- Less technologically advanced than fintech competitors
Opportunities
- Expansion into new markets
- Increased adoption of digital banking services
- Strategic acquisitions
- Growth in wealth management business
Threats
- Rising interest rates
- Increased competition from national banks and fintech companies
- Economic downturn
- Regulatory changes
Competitors and Market Share
Key Competitors
- HBNC
- ONB
- KEY
Competitive Landscape
1st Source competes with larger regional banks and national players. Its strengths lie in its local presence, strong customer relationships, and personalized service. However, it faces challenges from larger competitors with greater resources and brand recognition. 1st Source's market share percentage is not significant in the market and does not rank in the top 3 in the areas where it has presence.
Major Acquisitions
The Garrett Companies
- Year: 2021
- Acquisition Price (USD millions): 53
- Strategic Rationale: Acquisition of The Garrett Companies was done to expand its construction and real estate lending capabilities and strengthen its market position in key commercial real estate markets.
Growth Trajectory and Initiatives
Historical Growth: 1st Source Corporation has experienced steady growth over the past decade, driven by organic growth and strategic acquisitions.
Future Projections: Analyst estimates suggest continued growth in revenue and earnings over the next few years, driven by expansion into new markets and increased adoption of digital banking services.
Recent Initiatives: Recent strategic initiatives include investments in technology, expansion of wealth management services, and strategic branch openings.
Summary
1st Source Corporation is a well-established regional bank with a strong local presence. The company has a diversified business model and solid financial performance, but its geographic reach is limited compared to national banks. Strategic investments and acquisitions can further enhance its growth potential, and continued attention to innovation is required to stay competitive in the modern banking landscape. 1st Source Corporation needs to improve its overall market presence.
Peer Comparison
Sources and Disclaimers
Data Sources:
- 1st Source Corporation Investor Relations
- SEC Filings
- Third-party financial data providers
- Analyst reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor. Market share data might be estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About 1st Source Corporation
Exchange NASDAQ | Headquaters South Bend, IN, United States | ||
IPO Launch date 1996-09-03 | CEO & Chairman Mr. Christopher J. Murphy III | ||
Sector Financial Services | Industry Banks - Regional | Full time employees 1205 | Website https://www.1stsource.com |
Full time employees 1205 | Website https://www.1stsource.com | ||
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 in the United States. The company's 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. It also provides commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services. In addition, the company offers trust, investment, agency, and custodial services comprising administration of estates and personal trusts, as well as management of investment accounts for individuals, employee benefit plans, and charitable foundations. Further, the company provides equipment loan and lease products for construction equipment, new and pre-owned aircraft, auto and light trucks, and medium and heavy duty trucks; and finances construction equipment, aircrafts, medium and heavy duty trucks, step vans, vocational work trucks, motor coaches, shuttle buses, funeral cars, automobiles, and other equipment. Additionally, it offers corporate and personal property, casualty, and individual and group health and life insurance products and services for individuals and businesses. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
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