1st Source Corporation (SRCE) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: 1st Source Corporation

Market cap $2B · 52 weeks $59 – $91 (4 % below the high) · P/E 12.0× · 2027 est. P/E 11.5× · Dividend 1.9 % · ≥ 11 years rising · Next earnings January 21, 2027 · expected EPS $1.91 · Closing price, Oct 30 · accounts published Oct 22.

• Valuation: P/B 1.6× (fairly priced).
• Business: ROTCE 12.8 % (passes, near the threshold).
• Balance sheet: Capital/assets 14.1 % (solid).
• Earnings: 7 of 8 (on track).

What would it be worth at its usual multiples?

At a P/B justified by its ROTCE 12.8 % (1.3×) $71 (-19 %); at its peers' median (1.4×) $78 (-11 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in banking: 3 of 4 pass

• P/B (Price / Book) 1.6×, borderline.
• ROA 1.9 %, passes.
• ROTCE 12.8 %, passes, near the threshold.
• Equity / Assets (Tier 1 proxy) 14.1 %, passes.
• Sustainable dividend yield 1.9 %, info.

Against its peers (reference peers) — 1st Source Corporation: P/E 12.0×; P/B 1.6×; ROE 13.8 %; $2.1B. First Commonwealth Financial Corporation (P/E 12.4×; P/B 1.4×; ROE 11.2 %; $2.1B), First Busey Corporation (P/E 11.8×; P/B 1.1×; ROE 9.7 %; $2.4B), First Bancorp (P/E 16.0×; P/B 1.5×; ROE 9.7 %; $2.6B).

Expensive or cheap against its last ten fiscal years?

P/B at each close: today 1.6× · median 1.4× · minimum 0.8× · maximum 2.1× · cheap below 1.3× · expensive above 1.7×. It has been cheaper than today 72% of the time over its last ten fiscal years.

Dividend

solid · Yield 1.9 % ($1.58 per share in 2025) · Years raising it ≥ 11 · 5-year growth +6 % a year · Free cash flow coverage payout 24 % · With $1,000 invested today you'd collect $19.20 a year ($1.60 a month).