The PE ratio for 1St Source stock stands at 9.92 as of Apr 26, 2024. This is based on the current EPS of $4.97 and the stock price of $49.32 per share. An increase of 4.8% 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 13.48. The current 9.92 PE ratio is 26% 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 below the 5 and 10-year averages.
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 11.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THFF First Financial Corp | 7.26 | $435.47M |
| ONB Old National Bancorp | 8.5 | $4.85B |
| FRME First Merchants Corp | 9.13 | $2.03B |
| SRCE 1St Source Corp | 9.92 | $1.21B |
| GABC German American Bancorp Inc | 11.08 | $954.11M |
| LKFN Lakeland Financial Corp | 16.29 | $1.52B |
| HBNC Horizon Bancorp Inc | 18.22 | $514.34M |
As of Apr 26, 2024, SRCE stock has a price to earnings ratio of 9.92.
The average PE ratio for SRCE stock over the past 3 years is 9.92.
The average PE ratio for SRCE stock over the past 5 years is 10.86.
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 26% below its 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Apr 26, 2024), 1St Source's stock price is $49.32. 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 9.92. PE RATIO(9.92) = STOCK PRICE($49.32) / TTM EPS($4.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.