
1st Source (SRCE) Stock Forecast & Price Target
1st Source (SRCE) Analyst Ratings
Bulls say
1st Source Corp has demonstrated robust financial performance with core fee income rising by 4% quarter-over-quarter to $24.1 million, reflecting a strong contribution from wealth management services. Additionally, the company's end-of-period loan balances saw a significant increase of $235 million quarter-over-quarter, underpinned by growth across various sectors, including renewables and commercial lending. With a net loan-to-deposit ratio of 93% as of June 30, indicating effective management of liquidity and asset allocation, 1st Source Corp appears well-positioned for sustained growth in the upcoming periods.
Bears say
1st Source Corp has experienced a decline in key interest-bearing deposits, with time deposits and savings deposits decreasing by 5% and 9%, respectively, which may indicate weakening customer confidence and reduced liquidity. Operating expenses have remained stable but are projected to normalize lower in the upcoming quarter, suggesting potential challenges in revenue generation. The bank faces significant risks, including the possibility of increased credit costs and reduced loan demand, particularly in the current volatile interest rate environment, which could further strain financial performance.
This aggregate rating is based on analysts' research of 1st Source and is not a guaranteed prediction by Public.com or investment advice.
1st Source (SRCE) Analyst Forecast & Price Prediction
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