1st Source Corp reports results for the quarter ended December 31 - Earnings Summary

1st Source

23/01/2025 22:45

* 1st Source Corp  SRCE.OQ  reported quarterly adjusted
earnings
of $1.27​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of $1.15.  The mean expectation of three analysts for the
quarter was for earnings of $1.33 per share. Wall Street
expected results to range from $1.28  to $1.41 per share.
    * Revenue rose 7% to $97.85 million from a year ago;
analysts
expected $97.65 million. 
    * 1st Source Corp's reported EPS for the quarter was $1.27​.
    * The company reported quarterly net income of $31.44
million.
    * 1st Source Corp shares had fallen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for 1st Source Corp
is $67.00 
This summary was machine generated from LSEG data January 23 at
10:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.33           1.27           Missed
 Sep. 30 2024      1.34           1.41           Beat
 Jun. 30 2024      1.22           1.49           Beat
 Mar. 31 2024      1.14           1.19           Beat