1st Source Financials
| SRCE Stock | USD 51.45 0.15 0.29% |
With this module, you can analyze 1st financials for your investing period. You should be able to track the changes in 1st Source individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
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Understanding current and past 1st Source Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of 1st Source's financial statements are interrelated, with each one affecting the others. For example, an increase in 1st Source's assets may result in an increase in income on the income statement.
The data published in 1st Source's official financial statements usually reflect 1st Source's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of 1st Source. For example, before you start analyzing numbers published by 1st accountants, it's critical to develop an understanding of what 1st Source's liquidity, profitability, and earnings quality are in the context of the Banks space in which it operates.
Please note, the presentation of 1st Source's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, 1st Source's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in 1st Source's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of 1st Source. Please utilize our Beneish M Score to check the likelihood of 1st Source's management manipulating its earnings.
1st Source Stock Summary
1st Source competes with Penns Woods, Great Southern, Waterstone Financial, Chemung Financial, and First Community. 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. As of December 31, 2021, the company operated through 79 banking centers in 18 counties in Indiana and Michigan, as well as Sarasota County in Florida. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana. 1st Source operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1130 people.Specialization | Financial Services, Banks - Regional |
| Instrument | USA Stock View All |
| Exchange | NASDAQ Exchange |
| ISIN | US3369011032 |
| CUSIP | 336901103 |
| Location | Indiana; U.S.A |
| Business Address | 100 North Michigan |
| Sector | Banks |
| Industry | Financials |
| Benchmark | NYSE Composite |
| Website | www.1stsource.com |
| Phone | 574 235 2000 |
| Currency | USD - US Dollar |
You should never invest in 1st Source without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of 1st Stock, because this is throwing your money away. Analyzing the key information contained in 1st Source's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
1st Source Key Financial Ratios
Generally speaking, 1st Source's financial ratios allow both analysts and investors to convert raw data from 1st Source's financial statements into concise, actionable information that can be used to evaluate the performance of 1st Source over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that 1st Source reports annually and quarterly.| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0145 | ||||
| Target Price | 55.67 |
1st Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining 1st Source's current stock value. Our valuation model uses many indicators to compare 1st Source value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across 1st Source competition to find correlations between indicators driving 1st Source's intrinsic value. More Info.1st Source is rated below average in return on equity category among related companies. It is rated fourth in return on asset category among related companies reporting about 0.12 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for 1st Source is roughly 8.30 . Comparative valuation analysis is a catch-all model that can be used if you cannot value 1st Source by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for 1st Source's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the 1st Source's earnings, one of the primary drivers of an investment's value.1st Source Systematic Risk
1st Source's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. 1st Source volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was nine with a total number of output elements of fifty-two. The Beta measures systematic risk based on how returns on 1st Source correlated with the market. If Beta is less than 0 1st Source generally moves in the opposite direction as compared to the market. If 1st Source Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one 1st Source is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of 1st Source is generally in the same direction as the market. If Beta > 1 1st Source moves generally in the same direction as, but more than the movement of the benchmark.
About 1st Source Financials
What exactly are 1st Source Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include 1st Source's income statement, its balance sheet, and the statement of cash flows. Potential 1st Source investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although 1st Source investors may use each financial statement separately, they are all related. The changes in 1st Source's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on 1st Source's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze 1st Source Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as 1st Source is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of 1st has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if 1st Source's financials are consistent with your investment objective using the following steps:- Review 1st Source's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand 1st Source's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare 1st Source's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if 1st Source's stock is overvalued or undervalued.
1st Source May 6, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of 1st Source help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of 1st Source. We use our internally-developed statistical techniques to arrive at the intrinsic value of 1st Source based on widely used predictive technical indicators. In general, we focus on analyzing 1st Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build 1st Source's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.93 | |||
| Information Ratio | (0.0003) | |||
| Maximum Drawdown | 10.15 | |||
| Value At Risk | (2.77) | |||
| Potential Upside | 3.79 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in 1st Source. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. For information on how to trade 1st Stock refer to our How to Trade 1st Stock guide.Note that the 1st Source information on this page should be used as a complementary analysis to other 1st Source's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for 1st Stock analysis
When running 1st Source's price analysis, check to measure 1st Source's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 1st Source is operating at the current time. Most of 1st Source's value examination focuses on studying past and present price action to predict the probability of 1st Source's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 1st Source's price. Additionally, you may evaluate how the addition of 1st Source to your portfolios can decrease your overall portfolio volatility.
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Is 1st Source's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of 1st Source. If investors know 1st will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about 1st Source listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of 1st Source is measured differently than its book value, which is the value of 1st that is recorded on the company's balance sheet. Investors also form their own opinion of 1st Source's value that differs from its market value or its book value, called intrinsic value, which is 1st Source's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because 1st Source's market value can be influenced by many factors that don't directly affect 1st Source's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between 1st Source's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1st Source is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1st Source's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.