SRCE (1st Source) Moat Score: 5/10 (As of Aug. 02, 2026)

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SRCE 1st Source Corp SRCE
66 GF Score
Price $89.69
GF Value $69.87
Valuation Modestly Overvalued
! 6 Warning Signs
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What is 1st Source Moat Score?

1st Source SRCE -0.12% 66 Moat Score is 5 as of Aug. 02, 2026. GuruFocus rates SRCE with a GF Score™ of 66/100 and a GF Value™ of $69.87 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,609 Banks companies, 1st Source ranks better than 94.03% on this metric.

1st Source has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

1st Source has Narrow Moat: 1st Source Corp has a solid narrow moat due to its established regional banking presence and customer loyalty. It benefits from switching costs and a strong brand in its local markets, but lacks the scale for a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes 1st Source might have Narrow Moat - Solid narrow moat.

1st Source  (NAS:SRCE) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

1st Source Moat Score Related Terms

SRCE vs HAPN, FCF, CHCO: Moat Score Comparison

For the Banks - Regional subindustry, 1st Source's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, 1st Source's Moat Score distribution charts can be found below:

* The bar in red indicates where 1st Source's Moat Score falls into.


SRCE
66GF Score
1st Source Corp SRCE
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
1st Source (SRCE) has a Moat Score of 5 as of Aug. 02, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, 1st Source ranks #96 out of 1609 companies in the Banks industry, placing it in the top 6%.
Is 1st Source's Moat Score too high?
1st Source's current Moat Score is 5. Based on the distribution chart, 1st Source ranks #96 out of 1609 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 Moat Score compare to HAPN and FCF?
According to the Banks industry distribution chart, 1st Source ranks #96 out of 1609 companies for Moat Score. This places 1st Source in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. 1st Source's current Moat Score is 5. 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 $69.87, compared to a current price of $89.69 — trading 28.4% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For 1st Source (SRCE), the current Moat Score is 5 as of Aug. 02, 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 $89.69 is trading 28.4% above its estimated GF Value™ of $69.87. GuruFocus considers 1st Source to be Modestly Overvalued.

Key valuation signals for SRCE:

  • Moat Score: 5
  • GF Value™: $69.87 vs. price of $89.69 (28.4% above fair value)
  • GF Score™: 66/100 with 6 warning signs

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 Business Description

Address 100 North Michigan Street, South Bend, IN, USA, 46601
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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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$89.69
Price
$69.87
GF Value