Summary
59.29 -1.65(-2.71%)10/31/2024
1st Source Corp. (SRCE)
1st Source Corp. (SRCE)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -2.71 | -0.44 | 2.58 | -6.82 | 17.29 | 29.96 | 26.69 | 7,726.12 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 59.29 | |
| Open | 60.81 | |
| High | 60.88 | |
| Low | 59.29 | |
| Volume | 36,622 | |
| Change | -1.65 | |
| Change % | -2.71 | |
| Avg Volume (20 Days) | 61,476 | |
| Volume/Avg Volume (20 Days) Ratio | 0.60 | |
| 52 Week Range | 44.81 - 65.63 | |
| Price vs 52 Week High | -9.66% | |
| Price vs 52 Week Low | 32.31% | |
| Range | -2.50 | |
| Gap Up/Down | -1.31 | |
Fundamentals | ||
| Market Capitalization (Mln) | 1,431 | |
| EBIDTA | 0 | |
| PE Ratio | 10.3360 | |
| PEG Ratio | 2.0300 | |
| WallStreet Target Price | 55.67 | |
| Book Value | 41.2570 | |
| Earnings Per Share | 4.9700 | |
| EPS Estimate Current Quarter | 1.1400 | |
| EPS Estimate Next Quarter | 1.1600 | |
| EPS Estimate Current Year | 4.7700 | |
| EPS Estimate Next Year | 4.6600 | |
| Diluted EPS (TTM) | 4.9700 | |
| Revenues | ||
| Profit Marging | 0.3414 | |
| Operating Marging (TTM) | 0.4521 | |
| Return on asset (TTM) | 0.0145 | |
| Return on equity (TTM) | 0.1203 | |
| Revenue TTM | 361,040,992 | |
| Revenue per share TTM | 14.7010 | |
| Quarterly Revenue Growth (YOY) | -0.0260 | |
| Quarterly Earnings Growth (YOY) | -0.0480 | |
| Gross Profit (TTM) | 341,486,000 | |
| Dividends | ||
| Dividend Share | 1.3400 | |
| Dividend Yield | 0.0265 | |
| Valuations | ||
| Trailing PE | 10.3360 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.1937 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 24,489,700 | |
| Shares Float | 16,003,525 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 35.90 | |
| Institutions (%) | 57.37 | |
10/28 13:01 EST - zacks.com
1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
1st Source (SRCE) Upgraded to Strong Buy: Here's What You Should Know
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
10/24 19:01 EST - zacks.com
1st Source (SRCE) Tops Q3 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.
1st Source (SRCE) Tops Q3 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.32 per share a year ago.
10/24 16:00 EST - newsfilecorp.com
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32.
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32.
10/22 13:16 EST - zacks.com
Why 1st Source (SRCE) Could Beat Earnings Estimates Again
1st Source (SRCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Why 1st Source (SRCE) Could Beat Earnings Estimates Again
1st Source (SRCE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
10/17 11:05 EST - zacks.com
1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
1st Source (SRCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
1st Source (SRCE) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
1st Source (SRCE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
09/21 07:01 EST - seekingalpha.com
11 Great Dividend Aristocrat Bargain Buys For The Market At Record Highs
The bond market anticipated the Fed's 0.5% rate cut, which led to a positive market reaction and record highs for the S&P. A strong economy with falling interest rates is the ideal backdrop for blue-chip bargain buys if you know where to find them. The PEGY Ratio is a wonderful metric that combines valuation, growth, yield, total return and income growth into a single super GARP metric perfect for times like these.
11 Great Dividend Aristocrat Bargain Buys For The Market At Record Highs
The bond market anticipated the Fed's 0.5% rate cut, which led to a positive market reaction and record highs for the S&P. A strong economy with falling interest rates is the ideal backdrop for blue-chip bargain buys if you know where to find them. The PEGY Ratio is a wonderful metric that combines valuation, growth, yield, total return and income growth into a single super GARP metric perfect for times like these.
09/03 21:00 EST - seekingalpha.com
1st Source: Positive Earnings Outlook Appears Priced In
Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I'm expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%.
1st Source: Positive Earnings Outlook Appears Priced In
Economic indicators suggest that loan growth will likely remain below the historical average. Nevertheless, I'm expecting it to be high enough to drive earnings. Interest rate cuts will affect the loan growth and net interest margin in several ways. I'm expecting the overall effect to be slightly negative on the margin. The year-end target price suggests a small downside from the current market price. Further, SRCE is offering a low dividend yield of 2.3%.
08/02 13:01 EST - zacks.com
All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
08/02 13:01 EST - zacks.com
1st Source (SRCE) is a Great Momentum Stock: Should You Buy?
Does 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.
1st Source (SRCE) is a Great Momentum Stock: Should You Buy?
Does 1st Source (SRCE) have what it takes to be a top stock pick for momentum investors? Let's find out.
07/31 10:26 EST - zacks.com
4 Stocks to Watch on Recent Dividend Hike Announcements
Howmet Aerospace Inc. (HWM), NatWest Group plc (NWG), 1st Source Corporation (SRCE) and Kellanova (K) recently hiked dividends.
4 Stocks to Watch on Recent Dividend Hike Announcements
Howmet Aerospace Inc. (HWM), NatWest Group plc (NWG), 1st Source Corporation (SRCE) and Kellanova (K) recently hiked dividends.
07/30 07:31 EST - seekingalpha.com
7 Upcoming Dividend Increases
The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and beating benchmarks for long-term portfolio success. Data is sourced from the U.S. Dividend Champions spreadsheet and NASDAQ for companies with at least 5 years of dividend growth.
7 Upcoming Dividend Increases
The article presents upcoming dividend increases, with an average increase of 7.1% and a median of 5.9%. Investment strategy involves buying companies with a consistent dividend growth history and beating benchmarks for long-term portfolio success. Data is sourced from the U.S. Dividend Champions spreadsheet and NASDAQ for companies with at least 5 years of dividend growth.
07/25 19:25 EST - zacks.com
1st Source (SRCE) Beats Q2 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.
1st Source (SRCE) Beats Q2 Earnings and Revenue Estimates
1st Source (SRCE) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.25 per share. This compares to earnings of $1.30 per share a year ago.
07/25 16:00 EST - newsfilecorp.com
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30.
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30.
07/19 13:00 EST - investorplace.com
7 Top Dividend Stocks to Buy for Long-Term Gains
In the current adverse macro environment, identifying reliable dividend stocks to buy may provide long-term financial stability and constant income. Dividend stocks offer a dual advantage.
7 Top Dividend Stocks to Buy for Long-Term Gains
In the current adverse macro environment, identifying reliable dividend stocks to buy may provide long-term financial stability and constant income. Dividend stocks offer a dual advantage.
07/02 10:15 EST - newsfilecorp.com
1st Source Bank Named a Best Company to Work For in the Midwest by U.S. News & World Report
South Bend, Indiana--(Newsfile Corp. - July 2, 2024) - U.S. News & World Report recently announced that 1st Source Bank (NASDAQ: SRCE) received an award for "Best Companies to Work For - Midwest" in their Best Companies Ratings for 2024 - 2025. The list analyzes the Russell 3000 list of publicly traded U.S. companies.
1st Source Bank Named a Best Company to Work For in the Midwest by U.S. News & World Report
South Bend, Indiana--(Newsfile Corp. - July 2, 2024) - U.S. News & World Report recently announced that 1st Source Bank (NASDAQ: SRCE) received an award for "Best Companies to Work For - Midwest" in their Best Companies Ratings for 2024 - 2025. The list analyzes the Russell 3000 list of publicly traded U.S. companies.
05/30 08:55 EST - zacks.com
New Strong Buy Stocks for May 30th
AGRO, GOLD, IHG, SRCE and EC have been added to the Zacks Rank #1 (Strong Buy) List on May 30, 2023.
New Strong Buy Stocks for May 30th
AGRO, GOLD, IHG, SRCE and EC have been added to the Zacks Rank #1 (Strong Buy) List on May 30, 2023.
05/24 13:01 EST - zacks.com
1st Source (SRCE) Upgraded to Strong Buy: Here's Why
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
1st Source (SRCE) Upgraded to Strong Buy: Here's Why
1st Source (SRCE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
05/20 00:00 EST - https://www.zacks.com
Associated Banc-Corp. (ASB) Loans & Deposits Aid Amid High Costs
Associated Banc-Corp. (ASB Quick QuoteASB - Free Report) remains well-positioned for revenue growth on the back of solid loans and deposit balance alongside higher rates. Further, strategic initiatives and a strong balance sheet are likely to bolster operational efficiency. However, an elevated expense base, worsening asset quality and concentrated loan portfolio remain challenges.Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee income. Though the company’s revenues dipped in the first quarter of 2024, the metric witnessed a compound annual growth rate (CAGR) of 3.2% over the six years ended 2023. Loans and deposits saw a CAGR of 5.8% and 6.6% over the same time period, respectively. The uptrend continued in the first quarter of 2024 for both metrics. The company aims to expand its lending capabilities under its strategic plan through the addition of “higher-margin” lending portfolios and digital investments. This will boost revenues and help the company achieve positive operating leverage over time. We project total revenues-Full-Time Equivalent to witness a CAGR of 2.5% by 2026. Amid the current high interest rates scenario, Associated Banc-Corp.’s net interest margin (NIM) is likely to witness a moderate expansion as high funding costs are weighing on it. The metric witnessed a decline in 2023 and the first quarter of 2024 due to a substantial increase in funding and deposit costs. Nonetheless, ASB’s balance sheet repositioning actions undertaken in the fourth quarter of 2023 and steady stabilization in funding costs are likely to support NIM expansion in 2024. We estimate NIM to be 2.85%, 3.02% and 3.10% in 2024, 2025 and 2026, respectively.Furthermore, ASB has been undertaking numerous measures to enhance operational efficiency and strengthen its balance sheet. In November 2023, the firm announced the second phase of its strategic plan, under which it aims to leverage the success of the first phase (announced in September 2021) and emphasize loan and deposit growth by 2025. Phase 1 of the plan boosted the lending capabilities and will continue to aid core business growth through the transformation of digital capabilities. The full impact of the initiatives undertaken in phase 2 is expected to be observed in the second half of 2024 and in 2025 by the company.Moreover, as of Mar 31, 2024, Associated Banc-Corp.’s total debt was $1.87 billion, while its cash and due from banks and interest-bearing deposits in other financial institutions were $850 million. The company enjoys investment-grade ratings of Baa3 and BBB- from Moody’s and Standard and Poor’s, respectively. Thus, given its earnings strength, the company is likely to meet its debt obligations in the near term in any case of economic downturn.Associated Banc-Corp. currently carries a Zacks Rank #3 (Hold). Over the past six months, shares of the company have rallied 23.3%, outperforming the industry’s growth of 19.2%. Image Source: Zacks Investment ResearchHowever, ASB’s elevated expense base remains a concern. Expenses witnessed a 2.3% CAGR over the past six years ended 2023, with the uptrend persisting in the first quarter of 2024. The increase was primarily due to higher personnel costs and technological expenses. Operating expenses are likely to remain elevated in light of the company’s strategic initiatives, digitization and inflationary pressure. Management expects a $25-$30 million reduction in non-interest expenses for 2024 under its strategic plan. Despite this, the overall expense base is expected to remain high due to business expansionary measures. We project adjusted total non-interest expenses to grow 2.7% in 2024.Worsening asset quality is another headwind for Associated Banc-Corp. Provision for credit losses witnessed an increase in 2022 and 2023. The uptrend persisted in the first quarter of 2024 as well. Even though the near-term recession risks have been reduced, expectations of an economic slowdown are likely to put pressure on asset quality. We estimate provision for credit losses to rise 16.7% this year.Additionally, a concentrated loan portfolio is another challenge for ASB. As of Mar 31, 2024, 62% of the loan portfolio comprised total commercial loans. A tough operating backdrop is likely to subdue the demand for such loans. Moreover, an economic slowdown might lead to a deterioration of the quality of these loans. Hence, economic turmoil could have a significant impact on the business.Banking Stocks Worth ConsideringSome better-ranked bank stocks worth a look are 1st Source Corporation (SRCE Quick QuoteSRCE - Free Report) and UMB Financial Corporation (UMBF Quick QuoteUMBF - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each. Estimates for SRCE current-year earnings have been revised 2.8% upward in the past month. The company’s shares have increased 7% over the past six months.Estimates for UMBF current-year earnings have been revised 14.4% upward in the past 30 days. The company’s shares have risen 19.1% over the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
Associated Banc-Corp. (ASB) Loans & Deposits Aid Amid High Costs
Associated Banc-Corp. (ASB Quick QuoteASB - Free Report) remains well-positioned for revenue growth on the back of solid loans and deposit balance alongside higher rates. Further, strategic initiatives and a strong balance sheet are likely to bolster operational efficiency. However, an elevated expense base, worsening asset quality and concentrated loan portfolio remain challenges.Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee income. Though the company’s revenues dipped in the first quarter of 2024, the metric witnessed a compound annual growth rate (CAGR) of 3.2% over the six years ended 2023. Loans and deposits saw a CAGR of 5.8% and 6.6% over the same time period, respectively. The uptrend continued in the first quarter of 2024 for both metrics. The company aims to expand its lending capabilities under its strategic plan through the addition of “higher-margin” lending portfolios and digital investments. This will boost revenues and help the company achieve positive operating leverage over time. We project total revenues-Full-Time Equivalent to witness a CAGR of 2.5% by 2026. Amid the current high interest rates scenario, Associated Banc-Corp.’s net interest margin (NIM) is likely to witness a moderate expansion as high funding costs are weighing on it. The metric witnessed a decline in 2023 and the first quarter of 2024 due to a substantial increase in funding and deposit costs. Nonetheless, ASB’s balance sheet repositioning actions undertaken in the fourth quarter of 2023 and steady stabilization in funding costs are likely to support NIM expansion in 2024. We estimate NIM to be 2.85%, 3.02% and 3.10% in 2024, 2025 and 2026, respectively.Furthermore, ASB has been undertaking numerous measures to enhance operational efficiency and strengthen its balance sheet. In November 2023, the firm announced the second phase of its strategic plan, under which it aims to leverage the success of the first phase (announced in September 2021) and emphasize loan and deposit growth by 2025. Phase 1 of the plan boosted the lending capabilities and will continue to aid core business growth through the transformation of digital capabilities. The full impact of the initiatives undertaken in phase 2 is expected to be observed in the second half of 2024 and in 2025 by the company.Moreover, as of Mar 31, 2024, Associated Banc-Corp.’s total debt was $1.87 billion, while its cash and due from banks and interest-bearing deposits in other financial institutions were $850 million. The company enjoys investment-grade ratings of Baa3 and BBB- from Moody’s and Standard and Poor’s, respectively. Thus, given its earnings strength, the company is likely to meet its debt obligations in the near term in any case of economic downturn.Associated Banc-Corp. currently carries a Zacks Rank #3 (Hold). Over the past six months, shares of the company have rallied 23.3%, outperforming the industry’s growth of 19.2%. Image Source: Zacks Investment ResearchHowever, ASB’s elevated expense base remains a concern. Expenses witnessed a 2.3% CAGR over the past six years ended 2023, with the uptrend persisting in the first quarter of 2024. The increase was primarily due to higher personnel costs and technological expenses. Operating expenses are likely to remain elevated in light of the company’s strategic initiatives, digitization and inflationary pressure. Management expects a $25-$30 million reduction in non-interest expenses for 2024 under its strategic plan. Despite this, the overall expense base is expected to remain high due to business expansionary measures. We project adjusted total non-interest expenses to grow 2.7% in 2024.Worsening asset quality is another headwind for Associated Banc-Corp. Provision for credit losses witnessed an increase in 2022 and 2023. The uptrend persisted in the first quarter of 2024 as well. Even though the near-term recession risks have been reduced, expectations of an economic slowdown are likely to put pressure on asset quality. We estimate provision for credit losses to rise 16.7% this year.Additionally, a concentrated loan portfolio is another challenge for ASB. As of Mar 31, 2024, 62% of the loan portfolio comprised total commercial loans. A tough operating backdrop is likely to subdue the demand for such loans. Moreover, an economic slowdown might lead to a deterioration of the quality of these loans. Hence, economic turmoil could have a significant impact on the business.Banking Stocks Worth ConsideringSome better-ranked bank stocks worth a look are 1st Source Corporation (SRCE Quick QuoteSRCE - Free Report) and UMB Financial Corporation (UMBF Quick QuoteUMBF - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each. Estimates for SRCE current-year earnings have been revised 2.8% upward in the past month. The company’s shares have increased 7% over the past six months.Estimates for UMBF current-year earnings have been revised 14.4% upward in the past 30 days. The company’s shares have risen 19.1% over the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
05/09 11:09 EST - newsfilecorp.com
1st Source Bank Makes KBW Bank Honor Roll for 6th Consecutive Year
Among 18 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 9, 2024) - 1st Source Bank (NASDAQ: SRCE) once again made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW). This marks the sixth consecutive year that the bank has made the list, placing its long-term performance among the top 5% of eligible banks in the United States.
1st Source Bank Makes KBW Bank Honor Roll for 6th Consecutive Year
Among 18 U.S. banks with the strongest/most consistent earnings growth South Bend, Indiana--(Newsfile Corp. - May 9, 2024) - 1st Source Bank (NASDAQ: SRCE) once again made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW). This marks the sixth consecutive year that the bank has made the list, placing its long-term performance among the top 5% of eligible banks in the United States.
05/01 17:05 EST - newsfilecorp.com
1st Source Corporation Announces the Promotion of Andrea Short to President
Short continues role as President and CEO of 1st Source Bank South Bend, Indiana--(Newsfile Corp. - May 1, 2024) - Christopher J Murphy III, Chairman and CEO of 1st Source Corporation (NASDAQ: SRCE) and Chairman of 1st Source Bank announced today that as part of 1st Source's long-term succession planning, the Board of 1st Source promoted Andrea G. Short to President of 1st Source Corporation.
1st Source Corporation Announces the Promotion of Andrea Short to President
Short continues role as President and CEO of 1st Source Bank South Bend, Indiana--(Newsfile Corp. - May 1, 2024) - Christopher J Murphy III, Chairman and CEO of 1st Source Corporation (NASDAQ: SRCE) and Chairman of 1st Source Bank announced today that as part of 1st Source's long-term succession planning, the Board of 1st Source promoted Andrea G. Short to President of 1st Source Corporation.