1st Source Corp reports results for the quarter ended December 31 - Earnings Summary

• 1st Source Corp SRCE.OQ reported quarterly adjusted earnings of $1.27​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.15. The mean expectation of three analysts for the quarter was for earnings of $1.33 per share. Wall Street expected results to range from $1.28 to $1.41 per share.

• Revenue rose 7% to $97.85 million from a year ago; analysts expected $97.65 million.

• 1st Source Corp's reported EPS for the quarter was $1.27​.

• The company reported quarterly net income of $31.44 million.

• 1st Source Corp shares had fallen by 1.9% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for 1st Source Corp is $67.00

This summary was machine generated from LSEG data January 23 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)