1st Source Corp reports results for the quarter ended in June - Earnings Summary

1st Source

21/07/2022 22:01

* 1st Source Corp  SRCE.OQ  reported quarterly adjusted
earnings
of $1.18​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of $1.06 per share.
    * Revenue rose 10.6% to $86.29 million from a year ago; 
analysts
expected $85.39 million. 
    * 1st Source Corp's reported EPS for the quarter was $1.18​.
    * The mean earnings estimate of analysts had risen by
about 11.3%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * 1st Source Corp shares had fallen by 0.6% this quarter and
lost 9.0% so far this year.
    * The company reported quarterly net income of $29.33
million.
    * Wall Street's median 12-month price target for 1st Source
Corp
is $50.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 21 at 09:01 p.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.06           1.18           Beat
 Mar. 31 2022      0.98           1.10           Beat
 Dec. 31 2021      1.14           1.11           Missed
 Sep. 30 2021      1.06           1.29           Beat
 This summary was machine generated from Refinitiv data July 21
at 09:01 p.m