SRCE - 1st Source Corporation
NASDAQ
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Financial Services
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Banks—Regional
South Bend,
United States
Type: Equity
SRCE price evolution
SRCE
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $129.67 | $111.14 | $112.67 | $94.04 |
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $66.53 | $68.05 | $70.67 | $74.12 |
| Goodwill & intangible assets | $83.92 | $83.92 | $83.9 | $83.9 |
| Total noncurrent assets | ||||
| Total investments | $8020.07 | $7843.01 | $7760.85 | $7715.05 |
| Total assets | $8727.96 | $8525.06 | $8414.82 | $8329.8 |
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $514.44 | $469.27 | $352.8 | $454.42 |
| Long term debt | $106.67 | $105.3 | $105.41 | $105.48 |
| Total noncurrent liabilities | ||||
| Total debt | $419.03 | $377.39 | $293.1 | $408.51 |
| Total liabilities | $7659.69 | $7542.06 | $7434.73 | $7361.36 |
| Shareholders' equity | ||||
| Retained earnings | $789.84 | $769.6 | $744.44 | $719.5 |
| Other shareholder equity | -$106.32 | -$151.31 | -$139.55 | -$127.47 |
| Total shareholder equity | $989.57 | $924.25 | $921.02 | $909.16 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $129.67 | $122.8 | $525.19 | $243.05 |
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $66.53 | $97.39 | $95.47 | $114.41 |
| Goodwill & intangible assets | $83.92 | $83.91 | $83.93 | $83.95 |
| Total noncurrent assets | ||||
| Total investments | $8020.07 | $7676.23 | $7122.24 | $6586.43 |
| Total assets | $8727.96 | $8339.42 | $8096.29 | $7316.41 |
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $359.44 | $166.54 | $117.7 | $148.4 |
| Long term debt | $85.92 | $84 | $85.9 | $85.4 |
| Total noncurrent liabilities | ||||
| Total debt | $419.03 | $320.85 | $330.04 | $291.27 |
| Total liabilities | $7659.69 | $7475.35 | $7126.82 | $6385.74 |
| Shareholders' equity | ||||
| Retained earnings | $789.84 | $694.86 | $603.79 | $514.18 |
| Other shareholder equity | -$106.32 | -$147.69 | -$9.86 | $18.37 |
| Total shareholder equity | $989.57 | $864.07 | $916.25 | $886.85 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $89.5 | $92.83 | $91.24 | $89.84 |
| Cost of revenue | ||||
| Gross Profit | $89.5 | $92.83 | $91.24 | $89.84 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $43.23 | $40.44 | $40.24 | $40.66 |
| Total operating expenses | $52.97 | $50.17 | $49.16 | $49.42 |
| Operating income | $36.52 | $42.67 | $42.07 | $40.42 |
| Income from continuing operations | ||||
| EBIT | $36.53 | $42.67 | $42.06 | $40.41 |
| Income tax expense | $8.11 | $9.73 | $9.63 | $9.29 |
| Interest expense | ||||
| Net income | ||||
| Net income | $28.43 | $32.94 | $32.44 | $31.12 |
| Income (for common shares) | $28.43 | $32.94 | $32.44 | $31.12 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $363.4 | $341.49 | $341.03 | $293.71 |
| Cost of revenue | ||||
| Gross Profit | $363.4 | $341.49 | $341.03 | $293.71 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $164.57 | $149.48 | $156.14 | $147.24 |
| Total operating expenses | $201.72 | $184.7 | $186.15 | $187.37 |
| Operating income | $161.68 | $156.79 | $154.88 | $106.34 |
| Income from continuing operations | ||||
| EBIT | $161.67 | $156.76 | $154.86 | $106.32 |
| Income tax expense | $36.75 | $36.26 | $36.33 | $24.88 |
| Interest expense | ||||
| Net income | ||||
| Net income | $124.93 | $120.51 | $118.53 | $81.44 |
| Income (for common shares) | $124.93 | $120.51 | $118.53 | $81.44 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $28.43 | $32.94 | $32.44 | $31.12 |
| Operating activities | ||||
| Depreciation | $3.5 | $3.77 | $4.03 | $4.17 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $1.48 | $1.17 | $1.12 | $1.12 |
| Total cash flows from operations | $44.15 | $52.16 | $44.77 | $46.85 |
| Investing activities | ||||
| Capital expenditures | -$1.03 | -$0.16 | $0.41 | -$0.81 |
| Investments | -$147.69 | -$110.53 | -$76.72 | -$23.85 |
| Total cash flows from investing | -$148.28 | -$109.97 | -$75.77 | -$24.27 |
| Financing activities | ||||
| Dividends paid | -$8.59 | -$8.17 | -$8.18 | -$8.14 |
| Sale and purchase of stock | $0 | -$10.29 | -$1.33 | -$0.77 |
| Net borrowings | $40.2 | $84.08 | -$115.68 | $84.78 |
| Total cash flows from financing | $122.66 | $56.27 | $49.63 | -$51.34 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $18.53 | -$1.54 | $18.64 | -$28.76 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $124.93 | $120.51 | $118.53 | $81.44 |
| Operating activities | ||||
| Depreciation | $15.46 | $19.09 | $24 | $31.08 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $4.89 | $3.59 | $4.21 | $3.29 |
| Total cash flows from operations | $187.94 | $175.53 | $166.76 | $154.49 |
| Investing activities | ||||
| Capital expenditures | -$1.6 | $4.38 | $0.16 | $23.59 |
| Investments | -$358.79 | -$783.79 | -$603.23 | -$617.5 |
| Total cash flows from investing | -$358.29 | -$784.87 | -$598.56 | -$582.66 |
| Financing activities | ||||
| Dividends paid | -$33.07 | -$32.1 | -$31.34 | -$29.76 |
| Sale and purchase of stock | -$12.39 | -$6.58 | -$33.05 | -$6.38 |
| Net borrowings | $93.38 | -$10.03 | $35.93 | $11.84 |
| Total cash flows from financing | $177.22 | $206.95 | $713.94 | $587.85 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $6.87 | -$402.39 | $282.14 | $159.68 |
News
Fundamentals
| Market cap | $1.17B |
|---|---|
| Enterprise value | $1.46B |
| Shares outstanding | 24.43M |
| Revenue | $363.40M |
|---|---|
| EBITDA | $177.14M |
| EBIT | $161.67M |
| Net Income | $124.93M |
| Revenue Q/Q | 0.11% |
| Revenue Y/Y | 6.42% |
| P/E ratio | 9.38 |
|---|---|
| EV/Sales | 4.02 |
| EV/EBITDA | 8.25 |
| EV/EBIT | 9.04 |
| P/S ratio | 3.22 |
| P/B ratio | 1.07 |
| Book/Share | 44.85 |
| Cash/Share | 5.31 |
| EPS | $5.11 |
|---|---|
| ROA | 1.47% |
| ROE | 13.35% |
| Debt/Equity | 7.74 |
|---|---|
| Net debt/EBITDA | 42.51 |
| Current ratio | N/A |
| Quick ratio | N/A |