1st Source Corp Up 4.59% To $44.67 After Earnings Beat

1st Source Corp (SRCE) said after close Thursday that it earned $1.32 per share in quarter three 2023.

On the revenue line, the company reported $93.9 million, beating estimates by $4.1 million.

In the same quarter a year ago, the company earned $1.32 per share on revenue of $91.1 million.

The stock is up 4.59% to $44.67 after the report.



The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

1st Source Corp has performed a little below average during the past few months. Before the report, 1st Source Corp received a Long-Term Technical Rank by InvestorsObserver of 41, putting it in the bottom half of stocks. The firm set a 52-week low on May 4, 2023 at $38.77 and set a 52-week high on October 27, 2022 at $59.94.

1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services which includes wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients, and Specialty Finance Group Services that provide a broad range of comprehensive equipment loan and lease products addressing the financing needs of a broad array of companies.