1st Source Corp
NASDAQ:SRCE

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1st Source Corp
NASDAQ:SRCE
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Price: 59.65 USD 0.34% Market Closed
Market Cap: 1.5B USD
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1st Source Corp
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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1st Source Corp
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
1st Source Corp
NASDAQ:SRCE
Tax Provision
-$37.9m
CAGR 3-Years
-2%
CAGR 5-Years
-7%
CAGR 10-Years
-3%
PNC Financial Services Group Inc
NYSE:PNC
Tax Provision
-$1.2B
CAGR 3-Years
1%
CAGR 5-Years
-8%
CAGR 10-Years
2%
M&T Bank Corp
NYSE:MTB
Tax Provision
-$664.3m
CAGR 3-Years
-3%
CAGR 5-Years
-2%
CAGR 10-Years
-3%
Truist Financial Corp
NYSE:TFC
Tax Provision
$885m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Fifth Third Bancorp
NASDAQ:FITB
Tax Provision
-$576m
CAGR 3-Years
7%
CAGR 5-Years
1%
CAGR 10-Years
0%
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
Tax Provision
-$978m
CAGR 3-Years
-82%
CAGR 5-Years
-50%
CAGR 10-Years
-32%
No Stocks Found

1st Source Corp
Glance View

Market Cap
1.5B USD
Industry
Banking

1st Source Corporation has carved its niche in the financial landscape as a well-rooted community bank with a history dating back to 1863. Headquartered in South Bend, Indiana, the company has grown from a local institution into a robust financial entity with numerous banking centers across the Midwest. The company's operations are anchored in its subsidiary, 1st Source Bank, through which it offers a diverse range of financial products and services tailored to meet the needs of both individual customers and businesses. By effectively understanding and integrating itself into the communities it serves, 1st Source has honed an operational model that emphasizes personalized customer relations, which remains a cornerstone of its strategy for acquiring and retaining clients. The company's revenue streams flow predominantly from its commercial and consumer banking activities, with interest income from loans making up a significant portion of its earnings. 1st Source Bank provides a variety of loans, including commercial, mortgage, and home equity, which are funded by customer deposits, clearly positioning it as an intermediary between those who have surplus capital and those in need of financial resources. Beyond lending, non-interest income from service charges and fees, wealth management, and insurance products enhances its profitability. Furthermore, the company's strategic investments in technology and infrastructure have enabled it to offer competitive online banking services, ensuring it meets the evolving expectations of modern banking customers while maintaining a firm grip on its traditional values. This amalgamation of tradition with innovation underscores the company’s ambition to remain a resilient player in an ever-changing financial landscape.

SRCE Intrinsic Value
64.99 USD
Undervaluation 8%
Intrinsic Value
Price

See Also

What is 1st Source Corp's Tax Provision?
Tax Provision
-37.9m USD

Based on the financial report for Sep 30, 2024, 1st Source Corp's Tax Provision amounts to -37.9m USD.

What is 1st Source Corp's Tax Provision growth rate?
Tax Provision CAGR 10Y
-3%

Over the last year, the Tax Provision growth was 2%. The average annual Tax Provision growth rates for 1st Source Corp have been -2% over the past three years , -7% over the past five years , and -3% over the past ten years .

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