Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). 1st Source's share price for the quarter that ended in Mar. 2024 was $52.42. 1st Source's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 24.5 Mil. Therefore, 1st Source's market cap for the quarter that ended in Mar. 2024 was $1,283.1 Mil.
1st Source's quarterly market cap
increased
from Sep. 2023 ($1,028.2 Mil) to Dec. 2023 ($1,342.7 Mil) but then
declined
from Dec. 2023 ($1,342.7 Mil) to Mar. 2024 ($1,283.1 Mil).
1st Source's annual market cap
increased
from Dec. 2021 ($1,227.1 Mil) to Dec. 2022 ($1,309.3 Mil) and
increased
from Dec. 2022 ($1,309.3 Mil) to Dec. 2023 ($1,342.7 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. 1st Source's Enterprise Value for Today is $1,582.5 Mil.
1st Source Market Cap Historical Data
The historical data trend for 1st Source's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, 1st Source's Market Cap distribution charts can be found below:
* The bar in red indicates where 1st Source's Market Cap falls into.
1st Source Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
1st Source's Market Cap 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.
1st Source (NAS:SRCE) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
1st Source Market Cap Related Terms
Thank you for viewing the detailed overview of 1st Source's Market Cap 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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