1st Source Corporation (SRCE) Stock

1st Source Corporation (SRCE) is a Financials stock trading at $86.15 (as of 2026-08-20), with a market capitalization of $2.07B and a trailing P/E of 12.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

1st Source Corporation is a bank holding company for 1st Source Bank, offering commercial and consumer banking, trust and wealth advisory services, and insurance products. It serves individuals and businesses with deposit and lending products, treasury management and related financial services, and trust, investment, agency, and custodial account services.

Understand 1st Source Corporation: how it makes money

1st Source Corporation operates as a bank holding company for 1st Source Bank, providing commercial and consumer banking, trust and wealth advisory services, and insurance products to individual and business clients, and it earns money through these banking and financial services.

Because SRCE is the bank holding company for 1st Source Bank, its profit model is structurally linked to how the bank performs in its core businesses, including deposits, lending and related consumer and business services, plus trust and wealth advisory and insurance offerings.

Business quality (Solid): SRCE provides useful operating detail on customer usage and payments (mobile and online adoption, deposit accounts, Zelle and instant payments), plus satisfaction (Net Promoter Score). The main limitation for this investor panel is the lack of reportable segment revenue detail in the provided facts.

Valuation: At 13× earnings, SRCE trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

Strong customer sentiment: Net Promoter Score is 76.4.
Customer engagement in digital and payments: The company reports 71% mobile and online digital adoption, 76,700 mobile users, and 154,000 Zelle transactions (154,000 count).
Large funding base in deposits: Deposit accounts are reported at 229,000 (count), which supports the bank's ability to serve customers across banking products.

Bear case

Digital adoption is not fully online: The company reports 11% online only digital adoption and 18% non-digital digital adoption, which implies a portion of customer activity is outside purely online channels.
Payments activity is a mix across instant payments rails: Instant Payments Volume is reported as 0.16 USD_B overall, while Instant Payments Volume (Real Time Payments and FedNow) is 0.1 USD_B, indicating the company's instant payments activity is not entirely concentrated in that specific channel.
Physical footprint remains part of the model: The company reports 77 banking centers and 97 twenty-four-hour ATMs, which can increase fixed operating requirements versus a fully digital model.

Valuation — source: SEC EDGAR (first-party)
Price	$86.15
Market Cap	$2.07B
P/E Ratio	12.1
EV / EBITDA	9.7
Price / Book	1.53
Price / Sales	3.98
FCF Yield	10.0%
DCF Value (model)	$124.77
DCF Upside vs Price	44.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$514.39M
Net Margin	30.8%
Revenue Growth (YoY)	3.0%
EPS Growth (YoY)	29.1%
FCF Growth (YoY)	14.6%

Valuation vs Sector & Industry
Stock P/E	12.1
Sector P/E (Financials)	15.1
Industry P/E (Banking)	12.9
vs Sector	-19.8%
vs Industry	-6.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	1ST SOURCE BANK ($358.45M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Andrea Gayle Short
Employees	1,205
Country	US
IPO Date	1983-08-12

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.