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

1st Source

20/07/2023 22:01

* 1st Source Corp  SRCE.OQ  reported quarterly adjusted
earnings
of $1.30​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of $1.11 per share.
    * Revenue rose 0.1% to $86.35 million from a year ago;
analysts
expected $91.56 million. 
    * 1st Source Corp's reported EPS for the quarter was $1.31​.
    * The mean earnings estimate of analysts had fallen by
about 4.1%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * 1st Source Corp shares had risen by 7.8% this quarter and
lost 14.8% so far this year.
    * The company reported quarterly net income of $32.44
million.
    * Wall Street's median 12-month price target for 1st Source
Corp
is $45.00 
    * 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 from LSEG Refinitiv data July
20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.11           1.30           Beat
 Mar. 31 2023      1.25           1.25           Met
 Dec. 31 2022      1.28           1.25           Missed
 Sep. 30 2022      1.16           1.32           Beat