The PE ratio for 1St Source stock stands at 12.55 as of Jul 25, 2024. This is based on the current EPS of $4.97 and the stock price of $62.39 per share. An increase of 33% has been seen in the P/E ratio compared to the average of 9.5 of the last 4 quarters.
Over the last ten years, the average PE ratio of 1St Source has been 13.49. The current 12.55 PE ratio is 7% 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.
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% |
The current PE ratio of SRCE is above the 3 and 5-year historical averages, but it is below the 10-year average.
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 PE ratio is trading below the peer group average of 16.07.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 9.86 | $546.52M |
| ONB Old National Bancorp | 10.87 | $6.45B |
| FRME First Merchants Corp | 11.92 | $2.42B |
| SRCE 1St Source Corp | 13.11 | $1.6B |
| GABC German American Bancorp Inc | 14.69 | $1.24B |
| LKFN Lakeland Financial Corp | 19.6 | $1.81B |
| HBNC Horizon Bancorp Inc | 30.37 | $723.5M |
As of Jul 25, 2024, SRCE stock has a price to earnings ratio of 12.55.
The average PE ratio for SRCE stock over the past 3 years is 9.79.
The average PE ratio for SRCE stock over the past 5 years is 10.71.
Over the last ten years, the quarterly PE ratio reached a historic high of 20.24 in the Sep 2017 quarter.
SRCE's current price to earnings ratio is 7% below its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), 1St Source's stock price is $62.39. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $4.97. Therefore, 1St Source's P/E ratio for today is 12.55. PE RATIO(12.55) = STOCK PRICE($62.39) / TTM EPS($4.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.