1st Source Corporation: Strong Asset Quality Makes The Grade

Impact · against what's priced in

SRCE is a buy based on significant bottom-line growth and margin expansion. The increase in net profits to $158.3M and a net interest margin of 4.24% demonstrate strong operational execution and asset quality.

SRCE+0.60

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In context

Net profits grew from $124.9M in 2023 to $158.3M last year, supported by a net interest margin of 4.24% and diversified lending into renewable energy and specialty finance.

Read from the article alone

• net interest margin▲433%
• banking
• SRCE
• asset quality
• profit growth
• renewable energy
• specialty finance

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