1st Source (NASDAQ:SRCE) Announces Quarterly Earnings Results

1st Source (NASDAQ:SRCE) announced its quarterly earnings data on Thursday. The financial services provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07, Zacks reports. 1st Source had a net margin of 23.01% and a return on equity of 11.68%.

1st Source Stock Performance

Shares of SRCE opened at $57.55 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. 1st Source has a 52-week low of $47.30 and a 52-week high of $68.13. The company has a 50-day simple moving average of $60.96 and a 200-day simple moving average of $60.27. The company has a market capitalization of $1.41 billion, a PE ratio of 10.96 and a beta of 0.82.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of 1st Source in a report on Saturday, January 18th.

About 1st Source

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.