SRCE 1St Source PE ratio, current and historical analysis
The PE ratio for 1St Source stock stands at 11.61 as of Oct 22, 2024. This is based on the current EPS of $5.16 and the stock price of $59.89 per share. An increase of 16% has been seen in the P/E ratio compared to the average of 10.0 of the last 4 quarters.
SRCE PE ratio history
Over the last ten years, the average PE ratio of 1St Source has been 13.44. The current 11.61 PE ratio is 14% 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.
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
The current PE ratio of SRCE is above the 3 and 5-year historical averages, but it is below the 10-year average.
SRCE PE vs peers
Compared to its peers FRME and LKFN, SRCE's PE ratio stands lower, however it is higher than ONB's and THFF's. 1St Source's PE ratio is trading below the peer group average of 12.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 9.84 | $501.98M |
| ONB Old National Bancorp | 11.06 | $6.03B |
| SRCE 1St Source Corp | 11.55 | $1.46B |
| FRME First Merchants Corp | 11.93 | $2.19B |
| GABC German American Bancorp Inc | 14.38 | $1.19B |
| LKFN Lakeland Financial Corp | 16.59 | $1.67B |
| HBNC Horizon Bancorp Inc | 35.09 | $659.61M |
Frequently asked questions
What is 1St Source's PE ratio?
As of Oct 22, 2024, SRCE stock has a price to earnings ratio of 11.61.
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 9.8.
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 10.58.
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 14% below its 10-year historical average.
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 (Oct 22, 2024), 1St Source's stock price is $59.89. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $5.16. Therefore, 1St Source's P/E ratio for today is 11.61. PE RATIO(11.61) = STOCK PRICE($59.89) / TTM EPS($5.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.