1st Source (SRCE) to Release Earnings on Thursday

1st Source (NASDAQ:SRCE - Get Free Report) is anticipated to release its earnings data after the market closes on Thursday, January 23rd. Analysts expect 1st Source to post earnings of $1.33 per share and revenue of $97,640.00 billion for the quarter.

1st Source (NASDAQ:SRCE - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.36 by $0.05. 1st Source had a return on equity of 11.68% and a net margin of 23.01%. The firm had revenue of $97.93 million during the quarter, compared to analyst estimates of $97.30 million. During the same period in the previous year, the company posted $1.32 EPS. On average, analysts expect 1st Source to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Stock Down 0.8 %

SRCE stock traded down $0.46 during trading on Thursday, reaching $57.50. 53,725 shares of the company traded hands, compared to its average volume of 58,302. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 10.95 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50 day simple moving average of $61.94 and a 200 day simple moving average of $60.13. 1st Source has a 12 month low of $47.30 and a 12 month high of $68.13.

1st Source Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Tuesday, November 5th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend was Tuesday, November 5th. 1st Source's payout ratio is currently 27.43%.

1st Source Company Profile

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. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.