1ST SOURCE CORP (SRCE)

1st Source Corp. is a bank holding company, which engages in the provision of financial products and services through its subsidiaries. The bank offers commercial and consumer banking services, trust and investment management services, and insurance to individuals and businesses. The firm provides commercial, small business, agricultural and real estate loans, including financing for industrial and commercial properties, financing for equipment, inventories and accounts receivables, and acquisition financing. It also provides trust, investment, agency and custodial services for individual, corporate and not-for-profit clients. The company was founded in 1971 and is headquartered in South Bend, IN.

Address

100 NORTH MICHIGAN STREET
SOUTH BEND, IN 46601

Founded

1971

Number of Employees

1,170

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$16,342 $8,207 $8,031 $41 $9,271 $15,085 $6,415 $33,137 $6,836 $12,469 - $11,583
Average Price $27.34 $28.97 $29.70 $45.88 $46.12 $46.30 $38.54 $46.47 $45.63 $40.15 - $38.37
# Shares Purchased 597,747 283,262 270,378 900 201,013 325,787 166,446 713,132 149,819 310,522 - 301,901
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 115.8% 103.6% 98.6% 28.6% 27.9% 27.4% 53.1% 27.0% 29.3% 46.9% - 53.8%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% - 102.6%
Excess Total Return -66.1% -69.3% -70.0% -101.1% -76.9% -65.7% -21.8% -4.7% -8.0% 15.6% - -48.8%
Quartile Rank
Percentile Rank 62% 59% 59% 47% 50% 50% 58% 67% 69% 82% - 72%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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