1st Source Corporation - Common Stock (SRCE)
Frequently Asked Questions About 1st Source Corporation - Common Stock (SRCE)
Does 1st Source Corporation engage in digital banking?
Yes, 1st Source Corporation has invested heavily in digital banking solutions to enhance customer experience. They offer online banking and a mobile app that enable customers to manage accounts, pay bills, transfer money, and access financial resources conveniently.
Has 1st Source Corporation received any awards or recognitions?
1st Source Corporation has been recognized for its community involvement and exemplary customer service. Various publications and organizations have awarded the bank for its commitment to excellence, including accolades for being one of the best banks to work for and customer service awards.
How can customers access 1st Source Bank's services?
Customers can access 1st Source Bank's services through multiple channels including physical branch locations, online banking, and mobile banking apps. This multi-channel approach allows customers flexibility and convenience in managing their finances.
How does 1st Source Corporation prioritize risk management?
1st Source Corporation places a strong emphasis on risk management by implementing robust processes, compliance measures, and governance structures. The company continually assesses risks associated with lending, investments, and operational activities to ensure financial stability and regulatory compliance.
How does 1st Source Corporation support local communities?
1st Source Corporation is committed to supporting local communities through various initiatives, including philanthropic contributions, volunteerism by employees, and sponsorship of local events. The company believes in investing in the communities it serves and enhancing the quality of life in the regions where it operates.
Is 1st Source Corporation a publicly traded company?
Yes, 1st Source Corporation is publicly traded on the Nasdaq under the ticker symbol SRCE. As a public entity, the company is subject to regulations by the Securities and Exchange Commission (SEC) and provides regular financial disclosures to its investors.
What community programs does 1st Source Corporation participate in?
1st Source Corporation participates in various community programs focusing on financial literacy, economic development, and social responsibility. They provide educational resources, support local organizations, and engage in initiatives that promote community welfare and economic growth.
What does 1st Source Corporation do?
1st Source Corporation is a financial holding company that primarily provides a range of banking and financial services. Its offerings include commercial and consumer banking, wealth management, and insurance services. The company focuses on building strong relationships with its clients by providing tailored solutions to meet their financial needs.
What is 1st Source Corporation's approach to customer service?
1st Source Corporation emphasizes exceptional customer service by building personalized relationships with clients. The bank strives to understand customers' financial needs and provide relevant products and services, aiming for a high level of customer satisfaction.
What is the dividend policy of 1st Source Corporation?
1st Source Corporation is known for its consistent dividend payments, reflecting its strong earnings and commitment to returning value to shareholders. The company regularly assesses its dividend policy and aims to provide reasonable, sustainable dividends in line with its financial performance.
What is the investment strategy of 1st Source Corporation?
1st Source Corporation focuses on growth through organic methods and strategic acquisitions. The company aims to enhance its market presence and improve profitability while maintaining a conservative risk profile in its investment strategy.
What is the market capitalization of 1st Source Corporation?
The market capitalization of 1st Source Corporation varies with stock performance, but as of recent analysis, it typically falls within the mid-cap range. Investors can check real-time data on financial platforms to get the most current market cap for the company.
What regions does 1st Source Corporation serve?
1st Source Corporation primarily serves customers in northern Indiana and southwestern Michigan. Through its branch network and online services, it is dedicated to meeting the banking needs of individuals and businesses in these regions.
What services does 1st Source Bank provide?
1st Source Bank, the principal banking subsidiary of 1st Source Corporation, offers a comprehensive range of services including personal banking, commercial banking, mortgage services, and investment management. Their goal is to assist clients in managing their financial needs effectively.
What types of loans does 1st Source Bank offer?
1st Source Bank offers a variety of loan types including personal loans, auto loans, home equity lines of credit, and business loans. Each loan type is designed to meet the specific needs of different customer segments, ensuring a wide range of financing options.
When was 1st Source Corporation founded?
1st Source Corporation was founded in 1863, making it one of the oldest financial institutions in the United States. Originally established as a community bank, the company has evolved over the years to offer a broad range of financial services, including corporate banking and personal banking.
Where is 1st Source Corporation headquartered?
1st Source Corporation is headquartered in South Bend, Indiana. The location reflects the company’s commitment to serving the local community and its surrounding areas, providing accessible financial services to individuals and businesses alike.
Who are the major competitors of 1st Source Corporation?
1st Source Corporation faces competition from a variety of local, regional, and national banks, as well as credit unions and fintech companies. Major competitors include larger regional banks that operate in the same geographic markets, offering similar financial products and services.
Who is the current CEO of 1st Source Corporation?
The current CEO of 1st Source Corporation is Chris Murphy, who has held this position since 2018. Under his leadership, the company has continued to focus on its community-oriented banking approach while modernizing its services and expanding its market presence.
What is the current price of 1st Source Corporation - Common Stock?
The current price of 1st Source Corporation - Common Stock is 54.55
When was 1st Source Corporation - Common Stock last traded?
The last trade of 1st Source Corporation - Common Stock was at 1:27 pm EDT on April 8th, 2025
What is the market capitalization of 1st Source Corporation - Common Stock?
The market capitalization of 1st Source Corporation - Common Stock is 1.36B
How many shares of 1st Source Corporation - Common Stock are outstanding?
1st Source Corporation - Common Stock has 25.01M shares outstanding.