1st Source (1st Source) PB Ratio

: 1.24 (As of Today)

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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-23), 1st Source's share price is $50.15. 1st Source's Book Value per Share for the quarter that ended in Dec. 2023 was $40.50. Hence, 1st Source's PB Ratio of today is 1.24.

The historical rank and industry rank for 1st Source's PB Ratio or its related term are showing as below:

SRCE' s PB Ratio Range Over the Past 10 Years
Min: 0.86 Med: 1.33 Max: 2.02
Current: 1.24

During the past 13 years, 1st Source's highest PB Ratio was 2.02. The lowest was 0.86. And the median was 1.33.

SRCE's PB Ratio is ranked worse than
76.16% of 1460 companies
in the Banks industry
Industry Median: 0.85 vs SRCE: 1.24

During the past 12 months, 1st Source's average Book Value Per Share Growth Rate was 15.60% 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.

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.

Back to Basics: PB Ratio

1st Source PB Ratio Historical Data

The historical data trend for 1st Source's PB Ratio 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.

* Premium members only.

1st Source Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.60

1.15

1.34

1.52

1.36

1st Source Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.52	1.17	1.12	1.11	1.36

Competitive Comparison

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 PB Ratio Distribution

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 PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

1st Source's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	50.15	/	40.499
	=	1.24

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

1st Source (NAS:SRCE) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

1st Source PB Ratio Related Terms

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1st Source (1st Source) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Source Corp (NAS:SRCE) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 North Michigan Street, South Bend, IN, USA, 46601

Website

https://www.1stsource.com

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.

Executives

Daniel B Fitzpatrick	director	4220 EDISON LAKES PKWY, C/O QUALITY DINING INC, MISHAWAKA IN 46545
Mark D Schwabero	director	BRUNSWICK CORPORATION, 1 N FIELD COURT, LAKE FOREST IL 60045
Isaac P. Torres	director	P O BOX 1602, SOUTH BEND IN 46634
Brett A. Bauer	officer: Treasurer and CFO	P O BOX 1602, SOUTH BEND IN 46634
Andrea G Short	officer: Treasurer and CFO	PO BOX 1602, SOUTH BEND IN 46634
Weybright Ronda Shrewsbury	director	P O BOX 1602, SOUTH BEND IN 46634
Tracy D Graham	director	PO BOX 1602, SOUTH BEND IN 46634
John T Phair	director	P.O. BOX 1602, SOUTH BEND IN 46634
Melody Birmingham-byrd	director	PO BOX 1602, SOUTH BEND IN 46634
Todd F. Schurz	director	P O BOX 1602, SOUTH BEND IN 46634
Murphy Christopher J Iii	director, officer: Chairman, CEO	P O BOX 1602, SOUTH BEND IN 46634
Carmen C Murphy	10 percent owner	1237 EAST JEFFERSON BOULEVARD, SOUTH BEND IN 46617
John B Griffith	officer: Sr. VP/Secy. 1st Source Bank	P O BOX 1602, SOUTH BEND IN 46634
John Afleck-graves	director	3820 EDISON LAKES PARKWAY, MISHAWAKA IN 46545
Jeffrey L Buhr	officer: Senior Vice President	PO BOX 1602, SOUTH BEND IN 46634