ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. 1st Source's annualized net income for the quarter that ended in Mar. 2024 was $117.8 Mil. 1st Source's average Total Stockholders Equity over the quarter that ended in Mar. 2024 was $999.7 Mil. Therefore, 1st Source's annualized ROE % for the quarter that ended in Mar. 2024 was 11.79%.
The historical rank and industry rank for 1st Source's ROE % or its related term are showing as below:
SRCE'
s ROE % Range Over the Past 10 Years
Min: 8.78 Med: 10.46 Max: 13.54
Current: 12.96
During the past 13 years, 1st Source's highest ROE % was 13.54%. The lowest was 8.78%. And the median was 10.46%.
SRCE's ROE % is ranked better than 69.73% of 1460
companies
in the Banks industry
Industry Median: 9.7
vs SRCE: 12.96
1st Source ROE % Historical Data
The historical data trend for 1st Source's ROE % 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.
For the Banks - Regional subindustry, 1st Source's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, 1st Source's ROE % distribution charts can be found below:
* The bar in red indicates where 1st Source's ROE % falls into.
1st Source ROE % Calculation
1st Source's annualized ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
ROE % is displayed in the 30-year financial page.
1st Source (NAS:SRCE) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
1st Source ROE % Related Terms
Thank you for viewing the detailed overview of 1st Source's ROE % 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SRCE has been successfully added to your 