1st Source's book value per share for the quarter that ended in Mar. 2024 was $41.26.
During the past 12 months, 1st Source's average Book Value Per Share Growth Rate was 12.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.20% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of 1st Source was 14.70% per year. The lowest was 2.20% per year. And the median was 6.95% per year.
1st Source's current price is $50.55. Its book value per share for the quarter that ended in Mar. 2024 was $41.26. Hence, today's PB Ratio of 1st Source is 1.23.
During the past 13 years, the highest P/B Ratio of 1st Source was 2.02. The lowest was 0.86. And the median was 1.33.
Good Sign:
1st Source Corp stock PB Ratio (=1.23) is close to 3-year low of 1.11
1st Source Book Value per Share Historical Data
The historical data trend for 1st Source's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of 1st Source's Book Value per Share
For the Banks - Regional subindustry, 1st Source's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
1st Source's PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, 1st Source's PB Ratio distribution charts can be found below:
* The bar in red indicates where 1st Source's PB Ratio falls into.
1st Source Book Value per Share Calculation
1st Source's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
1st Source (NAS:SRCE) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
1st Source Book Value per Share Related Terms
Thank you for viewing the detailed overview of 1st Source's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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