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1st SourceSRCE +0.91%66 Debt-to-Equity is 0.18 as of Jun. 2026, which is 22% below its 10-year median of 0.23. GuruFocus rates SRCE with a GF Score™ of 66/100 and a GF Value™ of $70.30 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,421 Banks companies, 1st Source ranks better than 79.38% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for 1st Source's Debt-to-Equity or its related term are showing as below:
SRCE'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.23 Max: 0.47
Current: 0.18
During the past 13 years, the highest Debt-to-Equity Ratio of 1st Source was 0.47. The lowest was 0.08. And the median was 0.23.
SRCE's Debt-to-Equity is ranked better than 79.38% of 1421
companies
in the Banks industry
Industry Median: 0.57
vs SRCE: 0.18
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
1st Source Debt-to-Equity Related Terms
1st Source Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for 1st Source's Debt-to-Equity 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.
SRCE vs HAPN, FCF, CHCO: Debt-to-Equity Comparison
For the Banks - Regional subindustry, 1st Source's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, 1st Source's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where 1st Source's Debt-to-Equity falls into.
* 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.
1st Source (SRCE) has a Debt-to-Equity of 0.18 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on 1st Source and its competitors. This is 22% below median its historical median of 0.23. Over the past decade, 1st Source's Debt-to-Equity has ranged from 0.08 to 0.47. According to the industry distribution chart, 1st Source ranks #293 out of 1421 companies in the Banks industry, placing it in the top 20.6%.
Is 1st Source's Debt-to-Equity too high?
1st Source's current Debt-to-Equity of 0.18 is 22% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.47. The Banks industry median Debt-to-Equity is 0.57. 1st Source's value of 0.18 is 68.4% below this industry median. Based on the distribution chart, 1st Source ranks #293 out of 1421 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, 1st Source has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 1st Source's Debt-to-Equity compare to HAPN and FCF?
According to the Banks industry distribution chart, 1st Source ranks #293 out of 1421 companies for Debt-to-Equity. This places 1st Source in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.57. 1st Source's value of 0.18 is 68.4% below this benchmark. Historically, 1st Source's own Debt-to-Equity has ranged from 0.08 to 0.47 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.57, 1st Source has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 1st Source's current Debt-to-Equity of 0.18 is 68.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on 1st Source and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 1st Source's current Debt-to-Equity is 0.18, which is 22% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 1st Source stock overvalued right now?
Based on GuruFocus' analysis, 1st Source (SRCE) is currently considered Modestly Overvalued. The stock's GF Value™ is $70.30, compared to a current price of $90.51 — trading 28.7% above its estimated fair value. The current Debt-to-Equity is 0.18, which is 22% below median its 10-year median of 0.23 and 68.4% below the Banks industry median of 0.57. 1st Source's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For 1st Source (SRCE), the current Debt-to-Equity is 0.18 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is 1st Source (SRCE) Overvalued in 2026?
Based on GuruFocus' analysis, 1st Source stock appears to be overvalued.
The current stock price of $90.51 is trading 28.7% above its estimated GF Value™ of $70.30.
GuruFocus considers 1st Source to be Modestly Overvalued.
Key valuation signals for SRCE:
Debt-to-Equity: 0.18 (22% below median its 10-year median of 0.23)
GF Value™: $70.30 vs. price of $90.51 (28.7% above fair value)
Industry Position: 68.4% below the Banks median (#293 of 1421)
No single metric tells the full story. See the SRCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
1st Source Corp provides specialized financing services for construction equipment, aircraft, and vehicle types through its Specialty Finance activities. The company offers commercial, small business, agricultural, and real estate loans, along with commercial leasing, treasury management, and payment services, including Fedwires, ACH, and merchant services. It also provides Renewable Energy Financing for commercial solar projects, a full range of consumer banking products, Trust and Wealth Advisory Services, and insurance products. The company operates in the commercial banking segment, which provides commercial and consumer banking services, trust and wealth advisory services, and insurance to individual and business clients across its markets.
66GF Score
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