1st Source Corporation (SRCE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of 1st Source Corporation stock $59.85, price $86.94, that is 31.2% below the price, quality 61 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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1st Source Corporation
SRCE · USOur calculation puts a fair price 31% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $37.11 – $90.82 · fair‑value band $50.26 – $82.17 · the $86.94 price screens above the $59.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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 in the United States.
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The company's consumer banking services, which include checking and savings accounts; certificates of deposit; health savings and 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.
It also provides commercial, small business, agricultural, and real estate loans for financing of industrial and commercial properties, equipment, inventories, accounts receivables, acquisition, and general corporate purposes; and commercial leasing, treasury management, payment services, Fedwires, ACH and merchant services, and retirement planning services, as well as construction and permanent loans and tax equity investments for community solar, commercial and industrial, small utility scale, university, and municipal projects.
In addition, the company offers trust, investment, agency, and custodial services for individual, estate and trust, corporate, and not-for-profit customers, as well as employee benefit plans and charitable foundations.
Further, it provides equipment loan and lease products for construction equipment, aircraft, autos and light trucks, and medium and heavy-duty trucks; and financing services for construction equipment, new and pre-owned private and cargo aircraft, and various vehicle types for fleet purposes.
Additionally, it offers property, casualty, individual and group health, and life insurance products and services for individuals and businesses; and owns and manages available-for-sale investment securities. 1st Source Corporation was founded in 1863 and is headquartered in South Bend, Indiana.
Stock analysis
1st Source Corporation (SRCE) currently trades at $86.94, while our model-based Fair Value estimate is $59.85, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $77.33 per share, and 0 of the 6 models we run sit above the $86.94 price.
Bear case: the Dividend Discount group reads lowest at $28.11, and 6 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $50.26 (bear) to $82.17 (bull), the price of $86.94 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 61/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
1st Source Corporation reported revenue of $600M in FY2025 versus $355M in FY2021, a compound +14.0%/yr. Reported net income was $158M in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap $2.1B Mid · P/E ratio 11.9 · P/S ratio 4.65 · EPS (TTM) $7.29 · Dividend yield 0.5% · Net margin 39.4% · Return on equity 13.5% · Return on assets (EBIT) 2.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 67 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −31%, SRCE screens richer than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $43,945 and none bought.
- SaleBrett A. BauerTreasurer and CFO500 shares at $87.89$43,945Aug 10, 2026
- SaleJeffrey L BuhrExecutive Vice President1,175 shares at $66.14$77,715Dec 15, 2025
- SaleJohn B GriffithExec VP / Secy 1st Source Bank1,900 shares at $66.01$125,419Dec 10, 2025
- Plan buyMelody BirminghamDirector2× since Nov 14, 2025: 108 shares, avg. $65.23$7,048Feb 13, 2026
Plus 24 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
SRCE screens overvalued: fair value 31% below the price. Compare with China Merchants Bank Co →
Earlier news
- 1st Source (SRCE) Has Fresh Attention, But What Is The Market Weighing?
- 1st Source (SRCE) Q3 Earnings and Revenues Top Estimates
- 1st Source (SRCE) Reports Q3 Earnings: What Key Metrics Have to Say
- 1st Source: Q3 Earnings Snapshot
Compare 1st Source Corporation with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 996 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs SRCE |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs SRCE |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs SRCE |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs SRCE |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs SRCE |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs SRCE |
| Mizuho Financial Group MFG | $9.40 | $5.89 | −37% | vs SRCE |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs SRCE |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs SRCE |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs SRCE |
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Frequently asked questions
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Key figures of 1st Source Corporation
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