NASDAQ$SRCE

1st Source Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported continuing record earnings.

1st Source Corporation reported a net income of $21.94 million for Q4 2019, up 2.31% compared to Q4 2018. Diluted net income per common share for the fourth quarter was $0.86, up 4.88% from the $0.82 earned in the fourth quarter of the previous year.

  • Net income improved to $21.94 million for the fourth quarter of 2019, up 2.31% over the fourth quarter of 2018.
  • Diluted net income per common share improved to $0.86 for the fourth quarter of 2019, up 4.88% from the prior year’s fourth quarter of $0.82.
  • Return on average assets was 1.30% and return on average common shareholders’ equity was 10.56% down from 1.36% and 11.22%, respectively in the fourth quarter of 2018.
  • Net charge-offs of $0.64 million in the fourth quarter of 2019 compared to $2.53 million in the fourth quarter of 2018.

Headline financials

Total Revenue

$81M

Previous: $80.2M+1.0%
EPS (adj)

$0.86

Previous: $0.82+4.9%
ROA

1.3%

Previous: 1.4%-4.4%
ROE

10.6%

Previous: 11.2%-5.9%
Efficiency Ratio (GAAP)

61.0%

No prior period
Efficiency Ratio (Adj.)

57.9%

No prior period
Net Charge-Offs to Loans

0.1%

Previous: 0.2%-76.2%
Net Interest Margin

3.5%

No prior period
Net Interest Margin (FTE)

3.5%

No prior period
Capital Expenditures

$1.94M

Previous: $120K+1518.3%
Free Cash Flow

$79.4M

Previous: $67.3M+18.0%
Net Income

$22M

No prior period
Operating Income

$28.6M

No prior period
Cash & Equivalents

$83.4M

Previous: $99.1M-15.9%
Total Assets

$6.62B

Previous: $6.29B+5.2%
Stock-Based Comp

$696K

Previous: $814K-14.5%

Revenue & EPS history

1st Source · Revenue · Quarterly

$81M

Q4 2019+1%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

1st Source · $25.6M total across 7 segments · Q4 2019

  • Equipment Rental
    $7.37M
  • Trust & Wealth Advisory
    $5.27M
  • Other Income
    $3.64M
  • Debit Card Fees
    $3.59M
  • Deposit Charges
    $2.84M
  • Insurance Commissions
    $1.47M
  • Mortgage Banking
    $1.4M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

+1.1%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.7%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+10.6%

Q2 2011

Best reaction

-9.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%+1.6%+1.0%
Q4 2025-1.8%-3.5%+4.5%
Q3 2025+3.5%+0.4%+5.5%
Q2 2025-0.9%-0.8%+1.9%
Q1 2025-0.9%-0.0%-2.1%
Q3 2024-3.7%+1.5%+11.1%
Q2 2024+7.3%+5.8%+0.3%
Q1 2024-3.2%-2.7%-0.8%
Q4 2023+4.5%+4.6%-0.1%
Q3 2023+2.4%+2.7%+15.7%
Q2 2023+0.4%+2.0%-0.7%
Q1 2023-0.1%-2.2%-4.8%
Q4 2022-9.5%-6.0%-2.6%
Q3 2022+9.1%+14.5%+11.8%
Q2 2022+2.3%+7.2%+13.2%
Q1 2022-1.2%-2.9%-5.8%
Q4 2021-5.3%-0.8%-3.8%
Q3 2021+1.8%+0.6%+1.1%
Q2 2021-1.7%+2.5%+7.6%
Q1 2021+1.9%+2.0%+5.3%
Q4 2020+0.4%-1.8%+2.5%
Q3 2020+5.0%+0.8%+12.2%
Q2 2020+0.9%-0.2%-1.2%
Q1 2020+2.3%+10.4%+1.3%
Q4 2019-1.3%-2.9%-6.0%
Q3 2019+6.6%+9.4%+10.9%
Q2 2019+1.9%+2.2%+3.0%
Q1 2019-3.4%-1.1%-0.4%
Q4 2018+3.3%+2.3%+7.4%
Q3 2018-6.2%-8.6%-4.9%
Q2 2018+4.5%+5.9%+3.2%
Q1 2018+3.9%+5.8%+4.7%
Q4 2017+1.8%+3.0%-1.4%
Q3 2017+0.1%+0.2%-4.4%
Q2 2017+0.3%+1.8%-5.3%
Q1 2017+8.9%+11.9%+1.9%
Q4 2016+7.1%+6.1%+7.1%
Q3 2016-3.7%-2.3%+12.1%
Q2 2016+3.2%+2.3%+3.7%
Q1 2016+0.4%
Q4 2015-1.4%
Q3 2015+2.1%
Q2 2015-3.7%
Q1 2015-1.2%
Q4 2014+2.4%
Q3 2014+1.0%
Q2 2014-0.1%
Q1 2014-5.1%
Q4 2013-1.5%
Q3 2013+4.8%
Q2 2013-0.2%
Q1 2013-0.2%
Q4 2012-0.2%
Q3 2012+1.4%
Q2 2012+3.5%
Q1 2011+0.9%
Q1 2012+1.2%
Q4 2011-0.6%
Q4 2010-0.6%
Q4 2009-0.6%
Q3 2010+2.2%
Q3 2011+2.2%
Q2 2010+10.6%
Q2 2011+10.6%
Q1 2010+3.0%

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