1st Source Corporation Common Stock (SRCE)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for banks that compound book value without taking hidden risks. 1st Source is a $2.0B regional bank holding company serving individuals and businesses. The record is steady: filed figures show net income of $124.9M and diluted EPS of $5.03 in FY2023, $132.6M and $5.36 in FY2024, and $158.3M and $6.41 in FY2025. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $47.5M and diluted EPS was $1.95, up from $37.3M and $1.51 in fiscal Q2 2025, the quarter ended 2025-06-30. FairStock calculations at the 2026-10-13 close show a P/E of 12.08, P/B of 1.54, ROE of 13.09%, PEG of 0.44, Piotroski F-Score of 6/9, dividend yield of 2.00% and beta of 0.56. That is a respectable bank profile: mid-teens returns, modest multiple, steady growth, and low volatility. The Lynch category is STALWART, based on 14.2% annual profit growth over five years. The moat is modest; regional banking relies on relationships, deposit franchise, and credit discipline, but the data do not include CET1, net interest margin, credit costs, reserve coverage, or a combined ratio, and D/E is N/A. At 1.54 times book, the price already reflects some quality. I would call it fair, not a Graham bargain. The key question is whether credit remains clean and the margin holds; if so, compounding can continue, but banks can lose book value quickly if credit turns.

In plain English: 1st Source is a regional bank holding company that serves individuals and businesses with banking, trust, and insurance services. It has grown its profits steadily and looks financially solid. At $84.06, the price looks fair rather than cheap or expensive compared with the company’s recent earnings and accounting value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer