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SRCE 1St Source PE ratio, current and historical analysis

The PE ratio for 1St Source stock stands at 9.88 as of Feb 23, 2024. This is based on the current EPS of $5.03 and the stock price of $49.71 per share. An increase of 10% has been seen in the P/E ratio compared to the average of 9.0 of the last 4 quarters.

SRCE PE ratio history

How has SRCE's PE ratio performed in the past

Over the last ten years, the average PE ratio of 1St Source has been 13.57. The current 9.88 PE ratio is 27% below the historical average. Over the past ten years, SRCE's PE ratio was at its highest in the Sep 2017 quarter at 20.24, with a price of $50.8 and an EPS of $2.51. The Jun 2023 quarter recorded the bottom point at 8.19, with a price of $41.93 and an EPS of $5.12.

Average
13.57
Median
13.36
Minimum
8.19
Maximum
20.24

1St Source PE ratio by year

Maximum annual increase: 41.39% in 2016

Maximum annual decrease: -32.86% in 2018

Year PE ratio Change
2023 10.92 -0.46%
2022 10.97 3.98%
2021 10.55 -16.99%
2020 12.71 -12.53%
2019 14.53 13.78%
2018 12.77 -32.86%
2017 19.02 -5.47%
2016 20.12 41.39%
2015 14.23 -0.97%
2014 14.37 0.49%

SRCE average PE ratio chart

What is the average PE ratio of SRCE for the past years

The current PE ratio of SRCE is below the 3, 5 and 10-year averages.

3-year avg
10.13
5-year avg
11.02
10-year avg
13.57
15-year avg
13.75

SRCE PE vs peers

What is SRCE's PE ratio compared to its peers

Compared to its peers LKFN and GABC, SRCE's PE ratio stands lower, however it is higher than ONB's and FRME's. 1St Source's current PE ratio of 9.88 is comparable to the average of its peer group, which is 9.73.

Stock name PE ratio Market cap
THFF First Financial Corp 6.88 $436.8M
HBNC Horizon Bancorp Inc 7.03 $527.16M
FRME First Merchants Corp 8 $2.03B
ONB Old National Bancorp 8.34 $4.76B
SRCE 1St Source Corp 9.83 $1.21B
GABC German American Bancorp Inc 10.45 $932.96M
LKFN Lakeland Financial Corp 17.21 $1.61B

Frequently asked questions

What is 1St Source's PE ratio?

As of Feb 23, 2024, SRCE stock has a price to earnings ratio of 9.88.

What is the 3-year average PE ratio for 1St Source (SRCE)?

The average PE ratio for SRCE stock over the past 3 years is 10.13.

What is the 5-year average PE ratio for 1St Source (SRCE)?

The average PE ratio for SRCE stock over the past 5 years is 11.02.

What is the highest PE ratio for SRCE?

Over the last ten years, the quarterly PE ratio reached a historic high of 20.24 in the Sep 2017 quarter.

How does the current PE ratio for SRCE compare to its historical average?

SRCE's current price to earnings ratio is 27% below its 10-year historical average.

Why is 1St Source's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

How is SRCE's PE ratio calculated (1St Source PE ratio formula)?

The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Feb 23, 2024), 1St Source's stock price is $49.71. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.03. Therefore, 1St Source's P/E ratio for today is 9.88. PE RATIO(9.88) = STOCK PRICE($49.71) / TTM EPS($5.03)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.