Valuation dashboard for 1st Source Corporation (SRCE) with P/E 11.97, P/B 1.60, EV/EBITDA 8.3 and dividend yield 1.92%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.
As the parent company of 1st Source Bank, 1st Source Corporation delivers a comprehensive suite of financial solutions, encompassing commercial and retail banking, wealth management, and insurance offerings, to both individual and corporate customers. For individual clients, the bank provides essential services such as checking, savings, certificates of deposit, and individual retirement accounts, complemented by digital conveniences like online and mobile banking.
What would it be worth at its usual multiples?
Versus its usual multiples: fairly priced · Current P/B 1.6× · Multiples range: $71.23 · $77.81.
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.
Analysis Summary
1st Source Corporation reported revenue of $600.0M in the most recent fiscal year, growing at a 5-year CAGR of 10.3%. Net income reached $158.3M, with a 14.2% 5-year CAGR.
Trailing-twelve-month margins: gross margin 73.8%, operating margin 37.6%, net margin 29.0%.
At $87.42 (closing price, October 30, 2026), SRCE trades at a P/E of 11.97 and an ROE of 13.75%. Market capitalisation stands at $2.1B.
Balance sheet quality for SRCE: debt-to-equity ratio of 0.25, current ratio of 0.21 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 11.97 |
| Price / Book | 1.60 |
| EV / EBITDA | 8.3 |
| Dividend Yield | 1.92% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| SRCE | 1st Source Corporation | $2.1B | 11.97 | 1.60 | 13.8% |
| BANF | BancFirst Corporation | $3.7B | 14.65 | 1.86 | 13.3% |
| FFBC | First Financial Bancorp. | $3.4B | 11.35 | 1.17 | 10.2% |
| FBNC | First Bancorp | $2.6B | 16.02 | 1.54 | 9.7% |
| BUSE | First Busey Corporation | $2.4B | 11.81 | 1.06 | 9.7% |
| FCF | First Commonwealth Financial Corporation | $2.1B | 12.43 | 1.42 | 11.2% |
| PRK | Park National Corporation | $3.2B | 15.40 | 1.85 | 12.3% |
Price
| Price | $87.42 (closing price, October 30, 2026) |
| Market Cap | $2.1B |
| Exchange | NASDAQ |
| Country | US |
Profitability
| Return on Equity | 13.75% |
| Return on Invested Capital | 9.51% |
| Return on Assets | 1.91% |
| Gross Margin | 73.76% |
| Operating Margin | 37.57% |
| Net Margin | 29.03% |
Related companies: BANF · FFBC · FBNC · BUSE · FCF · PRK
Explore sector: Financial Services · Banks - Regional
More sections of SRCE: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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