1st Source Corporation (NASDAQ:SRCE) is reporting third quarter financial results on Thursday 22nd October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SRCE is expected to report 3Q20 income of $ 0.72 per share from revenue of $ 79.89 million.
For the full year, analysts anticipate top line of $ 322.70 million, while looking forward to income of $ 2.86 per share bottom line.
Previous Quarter Performance
1st Source Corporation came out with income for the second quarter of $ 0.72 per share, from the revenue of $ 79.38 million. Wall street analysts are predicting, SRCE to report 2Q20 income of $ 0.57 per share from revenue of $ 77.63 million. The bottom line results beat street analysts by $ 0.15 or 26.32 percent, at the same time, top line results outshined analysts by $ 1.75 million or 2.25 percent.
Stock Performance
Shares of 1st Source Corporation traded up $ 0.23 or 0.69 percent on Wednesday, reaching $ 33.63 with volume of 21.40 thousand shares. 1st Source Corporation has traded high as $ 33.73 and has cracked $ 33.37 on the downward trend
The closing price of $ 33.63, representing a 28.12 % increase from the 52 week low of $ 26.07 and a 37.48 % decrease over the 52 week high of $ 53.42.
The company has a market capital of $ 859.26 million and is part of the Financial sector and Regional – Midwest Banks industry.
1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate loans, and lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards. The company also offers commercial, small business, agricultural, and real estate loans for general corporate purposes, including financing for industrial and commercial properties, equipment, inventories, accounts receivables, and renewable energy and acquisition financing; and commercial leasing, treasury management, and retirement planning services.
