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

1st Source

26/04/2024 24:19

* 1st Source Corp  SRCE.OQ  reported quarterly adjusted
earnings
of $1.19​​ per share for the quarter ended in March, lower than
the same quarter last year, when the company reported EPS of
$1.25.  The mean expectation of three analysts for the quarter
was for earnings of $1.14 per share. Wall Street expected
results to range from $1.07  to $1.23 per share.
    * Revenue rose 1.3% to $94.07 million from a year ago;
analysts
expected $92.99 million. 
    * 1st Source Corp's reported EPS for the quarter was $1.19​.
    * The company reported quarterly net income of $29.46
million.
    * 1st Source Corp shares had fallen by 2.8% this quarter and
lost 7.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," 2
"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 $56.00 
This summary was machine generated from LSEG data April 25 at
11:19 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
 Mar. 31 2024      1.14           1.19           Beat
 Dec. 31 2023      1.15           1.15           Met
 Sep. 30 2023      1.10           1.32           Beat
 Jun. 30 2023      1.11           1.30           Beat