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Upturn AI SWOT - About
SRCE 
1st Source Corporation (SRCE)
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Upturn Advisory Summary
04/01/2025: SRCE (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -12.53% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.47B USD | Price to earnings Ratio 11.17 | 1Y Target Price 68.83 |
Price to earnings Ratio 11.17 | 1Y Target Price 68.83 | ||
Volume (30-day avg) 111256 | Beta 0.77 | 52 Weeks Range 46.16 - 67.77 | Updated Date 04/1/2025 |
52 Weeks Range 46.16 - 67.77 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 2.41% | Basic EPS (TTM) 5.36 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 35.4% | Operating Margin (TTM) 43.61% |
Management Effectiveness
Return on Assets (TTM) 1.5% | Return on Equity (TTM) 11.79% |
Valuation
Trailing PE 11.17 | Forward PE - | Enterprise Value 1757651456 | Price to Sales(TTM) 3.92 |
Enterprise Value 1757651456 | Price to Sales(TTM) 3.92 | ||
Enterprise Value to Revenue 4.45 | Enterprise Value to EBITDA - | Shares Outstanding 24553400 | Shares Floating 17529440 |
Shares Outstanding 24553400 | Shares Floating 17529440 | ||
Percent Insiders 24.78 | Percent Institutions 71.05 |
Analyst Ratings
Rating 3 | Target Price 68 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
1st Source Corporation
Company Overview
History and Background
1st Source Corporation was founded in 1863 as a national bank in South Bend, Indiana. Over time, it evolved into a diversified financial services company offering commercial and consumer banking services, trust and wealth advisory services, and specialized financing.
Core Business Areas
- Banking Services: Provides a range of traditional banking services, including checking and savings accounts, loans, and other credit products to individuals and businesses.
- Trust and Wealth Advisory Services: Offers trust administration, investment management, financial planning, and estate planning services to individuals, families, and institutions.
- Specialized Financing: Offers equipment financing and leasing solutions to businesses in various industries.
Leadership and Structure
The company is led by a board of directors and an executive management team. The organizational structure is hierarchical, with various departments and divisions reporting to senior management.
Top Products and Market Share
Key Offerings
- Commercial Loans: Offers loans to businesses for various purposes, including working capital, equipment purchases, and real estate development. Market share data varies regionally, but 1st Source competes with national and regional banks. Competitors include JPMorgan Chase, Bank of America, and regional banks.
- Equipment Financing: Provides financing solutions for businesses to acquire equipment. 1st Source competes with other equipment finance companies and banks. Market share data is not publicly available but is considered moderate in the specific industries they serve. Competitors include DLL Group, and local equipment finance providers.
- Wealth Management: Manages assets for individuals and institutions. Market share is competitive within the regional wealth management market. Competitors include Merrill Lynch, and local investment firms.
Market Dynamics
Industry Overview
The financial services industry is highly competitive and subject to regulatory changes, interest rate fluctuations, and economic conditions. Banks and financial institutions face challenges from fintech companies and changing consumer preferences.
Positioning
1st Source Corporation positions itself as a community-focused bank offering personalized service and a wide range of financial products. It competes with larger national banks and smaller regional institutions. Focus is on building long-term relationships.
Total Addressable Market (TAM)
The TAM includes all potential customers for banking, wealth management, and equipment financing services in its operating regions. Specific TAM value is dependent on geographic reach and economic activity. 1st Source has a moderate position within the TAM, focused on capturing regional market share.
Upturn SWOT Analysis
Strengths
- Strong regional presence
- Diversified revenue streams
- Experienced management team
- Solid customer relationships
- Good asset quality
Weaknesses
- Limited geographic reach compared to national banks
- Exposure to regional economic conditions
- Competition from larger financial institutions
- Higher cost structure than fintech competitors
Opportunities
- Expanding into new markets
- Acquiring smaller banks or financial institutions
- Developing new products and services
- Leveraging technology to improve efficiency
- Growing wealth management business
Threats
- Economic downturn
- Rising interest rates
- Increased competition
- Regulatory changes
- Cybersecurity risks
Competitors and Market Share
Key Competitors
- JPM
- BAC
- KEY
Competitive Landscape
1st Source's advantage lies in its strong regional presence and customer relationships. Disadvantages include limited geographic reach and resources compared to larger competitors.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical Growth unavailable without real-time access to a financial data provider.
Future Projections: Future Projections unavailable without real-time access to a financial data provider.
Recent Initiatives: Recent Initiatives unavailable without real-time access to a financial data provider.
Summary
1st Source is a regional bank with a strong presence in its core markets. It benefits from diversified revenue streams and solid customer relationships. However, it faces competition from larger banks and is exposed to regional economic conditions. The company should focus on expanding its market share and leveraging technology to improve efficiency.
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Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Market Research Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share estimates are approximate and may vary. Financial data unavailable due to lack of real time access.
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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