1st Source (SRCE)
Market Price (12/30/2025): $63.86 | Market Cap: $1.6 BilSector: Financials | Industry: Regional Banks
1st Source (SRCE)
Market Price (12/30/2025): $63.86Market Cap: $1.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 12% | Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -51% | Key risksSRCE key risks include [1] elevated credit risk due to its significant concentration in commercial and commercial real estate loans. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -79% | ||
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% | ||
| Low stock price volatilityVol 12M is 26% | ||
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.8%, FCF Yield is 12% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -79% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 48%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 44% |
| Low stock price volatilityVol 12M is 26% |
| Capital ratio is >2x the minimum of 6%Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 15% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Wealth Management Technology. |
| Weak multi-year price returns2Y Excs Rtn is -24%, 3Y Excs Rtn is -51% |
| Key risksSRCE key risks include [1] elevated credit risk due to its significant concentration in commercial and commercial real estate loans. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
1. Q3 Earnings Performance Offset by Investment Portfolio Losses.
1st Source reported record quarterly net income and diluted earnings per share (EPS) for the third quarter of 2025, surpassing analyst estimates. However, these strong results were tempered by "realized losses from strategic repositioning trades in the investment portfolio and higher noninterest expense." This combination of positive headline figures with underlying negative factors may have led to a mixed investor reaction, curbing significant upward momentum.
2. Regional Banking Sector's Slowing Profit Growth.
Although the regional banking sector generally demonstrated strong performance throughout 2025, a slowdown in overall profit growth was observed in Q4 2025 for the banking sector. This deceleration was attributed to a high base effect from Q4 2024 and generally stable, rather than expanding, Net Interest Margins (NIMs). This broader industry trend could have exerted a slight downward pressure on SRCE's stock.
Show more
Stock Movement Drivers
Fundamental Drivers
The 3.8% change in SRCE stock from 9/29/2025 to 12/29/2025 was primarily driven by a 3.1% change in the company's Total Revenues ($ Mil).| 9292025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 61.15 | 63.46 | 3.78% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 408.07 | 420.79 | 3.12% |
| Net Income Margin (%) | 34.61% | 35.31% | 2.03% |
| P/E Multiple | 10.63 | 10.45 | -1.64% |
| Shares Outstanding (Mil) | 24.54 | 24.47 | 0.28% |
| Cumulative Contribution | 3.78% |
Market Drivers
9/29/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| SRCE | 3.8% | |
| Market (SPY) | 3.6% | 29.9% |
| Sector (XLF) | 2.2% | 55.6% |
Fundamental Drivers
The 3.6% change in SRCE stock from 6/30/2025 to 12/29/2025 was primarily driven by a 6.0% change in the company's Total Revenues ($ Mil).| 6302025 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 61.26 | 63.46 | 3.59% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 397.09 | 420.79 | 5.97% |
| Net Income Margin (%) | 35.43% | 35.31% | -0.34% |
| P/E Multiple | 10.69 | 10.45 | -2.21% |
| Shares Outstanding (Mil) | 24.55 | 24.47 | 0.30% |
| Cumulative Contribution | 3.59% |
Market Drivers
6/30/2025 to 12/29/2025| Return | Correlation | |
|---|---|---|
| SRCE | 3.6% | |
| Market (SPY) | 11.6% | 38.7% |
| Sector (XLF) | 6.0% | 57.5% |
Fundamental Drivers
The 11.0% change in SRCE stock from 12/29/2024 to 12/29/2025 was primarily driven by a 10.5% change in the company's Total Revenues ($ Mil).| 12292024 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 57.19 | 63.46 | 10.97% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 380.68 | 420.79 | 10.54% |
| Net Income Margin (%) | 34.05% | 35.31% | 3.70% |
| P/E Multiple | 10.82 | 10.45 | -3.36% |
| Shares Outstanding (Mil) | 24.51 | 24.47 | 0.17% |
| Cumulative Contribution | 10.97% |
Market Drivers
12/29/2024 to 12/29/2025| Return | Correlation | |
|---|---|---|
| SRCE | 11.0% | |
| Market (SPY) | 16.6% | 51.0% |
| Sector (XLF) | 14.7% | 63.9% |
Fundamental Drivers
The 29.3% change in SRCE stock from 12/30/2022 to 12/29/2025 was primarily driven by a 22.4% change in the company's Total Revenues ($ Mil).| 12302022 | 12292025 | Change | |
|---|---|---|---|
| Stock Price ($) | 49.08 | 63.46 | 29.30% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 343.89 | 420.79 | 22.36% |
| Net Income Margin (%) | 34.07% | 35.31% | 3.63% |
| P/E Multiple | 10.33 | 10.45 | 1.20% |
| Shares Outstanding (Mil) | 24.66 | 24.47 | 0.75% |
| Cumulative Contribution | 29.29% |
Market Drivers
12/30/2023 to 12/29/2025| Return | Correlation | |
|---|---|---|
| SRCE | 21.4% | |
| Market (SPY) | 47.9% | 45.2% |
| Sector (XLF) | 51.0% | 65.0% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SRCE Return | -20% | 26% | 10% | 6% | 9% | 12% | 45% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 151% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 17% | 114% |
Monthly Win Rates [3] | |||||||
| SRCE Win Rate | 58% | 67% | 33% | 50% | 42% | 67% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| SRCE Max Drawdown | -47% | -2% | -12% | -23% | -13% | -8% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/29/2025 (YTD)
How Low Can It Go
| Event | SRCE | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -31.9% | -25.4% |
| % Gain to Breakeven | 46.9% | 34.1% |
| Time to Breakeven | 439 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -47.5% | -33.9% |
| % Gain to Breakeven | 90.4% | 51.3% |
| Time to Breakeven | 654 days | 148 days |
| 2018 Correction | ||
| % Loss | -34.5% | -19.8% |
| % Gain to Breakeven | 52.7% | 24.7% |
| Time to Breakeven | 1,402 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -56.1% | -56.8% |
| % Gain to Breakeven | 127.6% | 131.3% |
| Time to Breakeven | 1,745 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
1st Source's stock fell -31.9% during the 2022 Inflation Shock from a high on 11/10/2022. A -31.9% loss requires a 46.9% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
AI Analysis | Feedback
Here are 1-2 brief analogies to describe 1st Source (SRCE):
- SRCE is like a regional PNC Bank focused on Northern Indiana and Southwestern Michigan, but with an added national specialty in financing trucks, equipment, and aircraft.
- SRCE is like a traditional community bank combined with a commercial Ally Financial, specializing in loans for trucks, equipment, and aircraft.
AI Analysis | Feedback
- Commercial Banking: Provides business loans, treasury management, and deposit services for companies.
- Consumer Banking: Offers personal banking products such as checking, savings, mortgages, and consumer loans to individuals.
- Wealth Management: Delivers investment management, trust, and financial planning services.
- Specialty Financing: Engages in lease financing and secured lending for specific assets, primarily aircraft, vehicles, and other equipment.
AI Analysis | Feedback
1st Source Corporation (SRCE) is a bank holding company, and its principal subsidiary is 1st Source Bank. As a financial institution, it provides a range of banking services.
Based on an analysis of its financial reports, particularly its loan portfolio composition, 1st Source Corporation primarily serves other companies (businesses). Its commercial loan segments (Commercial and Industrial, Commercial Real Estate, and Specialty Finance/Equipment Finance) constitute a significantly larger portion of its overall loan portfolio compared to its consumer and residential mortgage loans.
However, due to the nature of banking and financial services, 1st Source Bank serves a broad and highly diversified customer base. Banks do not typically disclose the names of their specific major customers, particularly public companies, for reasons of client confidentiality, competitive strategy, and the fact that their revenue is not concentrated among a few large clients but rather distributed across numerous small to medium-sized businesses. Therefore, it is not possible to list specific customer company names or their symbols.
Instead, 1st Source Bank caters to a wide array of businesses, including:
- Small to medium-sized businesses requiring commercial and industrial loans, lines of credit, and treasury management services.
- Companies and investors involved in commercial real estate development and ownership.
- Businesses in specific industries such as transportation, construction, and manufacturing, which utilize the bank's specialty equipment financing and leasing services.
These businesses are primarily located within the bank's core market footprint, which includes northern Indiana, southern Michigan, and select regions of Ohio.
AI Analysis | Feedback
null
AI Analysis | Feedback
Andrea G. Short, President and Chief Executive Officer, 1st Source Corporation
Andrea G. Short has over 40 years of banking and business experience, including 26 years at 1st Source Corporation and 1st Source Bank. She assumed the role of President and Chief Executive Officer of 1st Source Corporation in 2025, and Chief Executive Officer of 1st Source Bank in 2022. Prior to these appointments, she served as Executive Vice President, Treasurer, and Chief Financial Officer of both 1st Source Corporation and 1st Source Bank since 2013. Short began her career at 1st Source Bank in 1998 as Tax Director, later becoming Vice President and Controller responsible for all finance and accounting functions. Before joining 1st Source, she worked at Crowe LLP (formerly Crowe Horwath) as an Audit Manager and at First of America Bank (now PNC) as a Tax Manager.
Brett A. Bauer, Executive Vice President, Treasurer, and Chief Financial Officer, 1st Source Corporation and 1st Source Bank
Brett A. Bauer serves as the Executive Vice President, Treasurer, and Chief Financial Officer for both 1st Source Corporation and 1st Source Bank. He is responsible for overseeing the finance and accounting functions, business financial analysis, asset and liability management, wholesale and corporate funding, capital management, investor relations, loan review, and risk management. Bauer initially joined 1st Source as a Corporate Trainee in 1999 and became a Trust Investment Analyst in 2000. He spent time working for Bear Stearn Japan LTD in Tokyo from 2002 to 2006 before returning to South Bend.
Christopher J. Murphy III, Executive Chairman of the Board, 1st Source Corporation and 1st Source Bank
Christopher J. Murphy III has over 52 years of banking and business experience, having served as a Director, President, and Chief Executive Officer of 1st Source Corporation and 1st Source Bank for 52 years before becoming Executive Chairman of the Board in 2025. He was named President and CEO of the bank in 1977, CEO of the corporation in 1979, and Chairman in 1998. In 1972, Murphy, along with his father-in-law and other investors, purchased the bank back into community ownership. Under his leadership, the bank grew from just over US$100 million to US$8 billion. Earlier in his career, he worked at Citibank and for the Office of the Comptroller of the Currency, U.S. Department of the Treasury.
Kevin C. Murphy, Executive Vice President, 1st Source Corporation and President, 1st Source Bank
Kevin C. Murphy is the Executive Vice President of 1st Source Corporation and became President of 1st Source Bank in 2025. He has over 25 years of experience in the financial industry. Murphy joined the 1st Source team in 2006 and has held several leadership positions, including Regional President of the Central Region (2017), Chief Information Officer (2019), Group Head of IT, Electronic Banking, Marketing, and Digital Strategy (2020), and Executive Vice President and Chief Digital Officer (2022).
John B. Griffith, Executive Vice President, Chief Risk Officer, 1st Source Corporation and 1st Source Bank
John B. Griffith holds the position of Executive Vice President and Chief Risk Officer for both 1st Source Corporation and 1st Source Bank. No further detailed background information was available in the provided search results.
AI Analysis | Feedback
The key risks to 1st Source (SRCE) primarily stem from its core banking operations and the broader economic environment.
- Credit Risks: As a financial institution, 1st Source is significantly exposed to credit risks associated with its loan and lease portfolios. These risks are particularly elevated with commercial and commercial real estate loans compared to residential real estate and consumer loans, as repayment often depends on the successful operation and management of underlying assets, which can be influenced by market or economic conditions. The company's loan loss provisions and nonperforming assets can rise, highlighting an inherent sensitivity to credit quality, especially in a slower economy.
- Interest Rate Risk and Net Interest Margin Pressure: The profitability of 1st Source is heavily influenced by general economic conditions and the monetary policies set by the Federal Reserve. The company faces potential pressure on its net interest margins if funding costs increase faster than anticipated.
- Operational Risks, particularly Cybersecurity: In an increasingly digital banking landscape, 1st Source is subject to operational risks, with technology security breaches being a significant concern. While the company implements various measures and engages third parties to test and evaluate its cybersecurity controls, the evolving and sophisticated nature of cyber threats means there is no absolute assurance that cybersecurity incidents will not adversely impact its financial condition or operations.
AI Analysis | Feedback
The primary clear emerging threat for 1st Source (SRCE) is the rapid rise and increasing adoption of digital-first financial service providers and technologies. This includes:
- Neobanks and Digital Lenders: Companies like Chime, SoFi, Upstart, and Rocket Mortgage offer entirely digital banking experiences, often with lower fees, higher interest rates, and faster loan approvals powered by advanced technology. These entities directly compete with SRCE for consumer deposits, personal loans, mortgages, and small business lending, potentially eroding its traditional customer base and market share, especially among younger, digitally-native demographics.
- Big Tech in Finance: Major technology companies such as Apple, Google, and Amazon are increasingly integrating financial services into their vast ecosystems. They leverage their immense user bases and data to offer payment solutions (e.g., Apple Pay, Google Pay), credit cards (e.g., Apple Card), and lending services (e.g., Amazon lending to sellers). This trend threatens to disintermediate traditional banks like SRCE from direct customer relationships and core financial transactions, shifting customer loyalty towards technology platforms.
These forces represent a fundamental shift in how financial services are delivered and consumed, challenging SRCE's traditional branch-based model and its ability to attract and retain customers in an increasingly digital financial landscape.
AI Analysis | Feedback
For 1st Source (symbol: SRCE), the addressable market sizes for its main products and services in the United States are as follows:
- Commercial Banking: The U.S. commercial banking market size is estimated at USD 732.5 billion in 2025 and is projected to reach USD 915.45 billion by 2030, growing at a CAGR of 4.56% (United States). Another source estimates the market size at USD 1.6 trillion in 2025 (United States).
- Auto Loans: The U.S. car loan market is valued at USD 595.19 billion in 2025 and is forecasted to reach USD 898.25 billion by 2030, advancing at a 5.28% CAGR (United States).
- Wealth Advisory Services (Wealth Management): The private banking market in the U.S., a component of wealth management, is valued at USD 59.54 billion in 2025 and is expected to reach USD 94.89 billion by 2030, growing at a CAGR of 9.77% (United States). The broader North American wealth management market accounted for $937.45 billion in 2023.
Market sizes for other products or services, such as general consumer banking (excluding auto loans), home loans, insurance products, or highly specialized financing for construction equipment, aircraft, and fleet vehicles, could not be specifically identified within the provided information.
AI Analysis | Feedback
Expected Drivers of Future Revenue Growth for 1st Source (SRCE)
Over the next 2-3 years, 1st Source (SRCE) is expected to drive future revenue growth through several key areas:
- Growth in Net Interest Income (NII) through Increased Average Loan and Lease Balances: The company has consistently demonstrated growth in its average loan and lease portfolios, which directly contributes to its net interest income. For example, average loans and leases grew by $46.93 million in Q3 2025, a 0.67% increase from the previous quarter, and by 6.20% from Q3 2024. Similarly, Q1 2025 saw average loans and leases grow by 1.84% from the previous quarter and 4.53% year-over-year. This growth is a primary component of the bank's earnings.
- Continued Expansion of Net Interest Margin (NIM): 1st Source has achieved a "seventh consecutive quarter of margin expansion" in Q3 2025. This improvement has been attributed to "higher rates on increased average loan and lease balances, and lower short-term borrowing costs". Although forecasts suggest more measured gains ahead, with revenue growth projected at 4.7% per year, the ability to expand profitability through margin management remains a significant driver.
- Strategic Expansion of Specialty Finance and Renewable Energy Financing Divisions: 1st Source is actively "expanding its national footprint through specialty finance and renewable energy initiatives". These distinct business segments are critical for diversifying lending and extending the company's market reach beyond its core community banking presence in northern Indiana and southwestern Michigan.
- Growth in Fee-Based Services, including Wealth Management: While net interest income forms the foundation of bank earnings, fee-based services provide additional income. 1st Source's Wealth Management division offers financial planning, investment advisory, fiduciary, and custodial services, contributing to a diversified revenue stream.
AI Analysis | Feedback
Share Repurchases
- On October 19, 2023, 1st Source's Board of Directors authorized a stock repurchase plan allowing for the repurchase of up to 1,000,000 shares of its common stock.
- From April 1, 2025, to July 24, 2025, the company repurchased 47,428 shares for $2.84 million under the October 2023 plan. As of July 24, 2025, a total of 57,979 shares had been repurchased under this plan.
- During 2022, 1st Source repurchased 149,819 shares for treasury, which reduced common shareholders' equity by $6.84 million.
Share Issuance
- No significant dollar amount of new share issuances by the company in the primary market were identified in the provided information for the last 3-5 years.
Inbound Investments
- No large inbound investments by third-parties, such as strategic partners or private equity firms, were identified in the provided information for the last 3-5 years.
Outbound Investments
- 1st Source Bank, through its Renewable Energy Financing division, engages in tax equity investments with third parties for commercial solar projects across the United States.
- These investments support a range of projects including community solar, commercial and industrial, small utility scale, university, and municipal initiatives.
Capital Expenditures
- The provided information does not contain specific dollar values for capital expenditures (purchases of property and equipment) for the last 3-5 years.
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to SRCE. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | WU | Western Union | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 13.5% | 13.5% | -0.4% |
| 11212025 | COIN | Coinbase Global | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -2.8% | -2.8% | -2.8% |
| 11142025 | PYPL | PayPal | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.3% | -5.3% | -7.5% |
| 11142025 | V | Visa | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 7.5% | 7.5% | -2.7% |
| 11072025 | WD | Walker & Dunlop | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -11.5% | -11.5% | -12.1% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for 1st Source
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 70.62 |
| Mkt Cap | 159.0 |
| Rev LTM | 56,496 |
| Op Inc LTM | 11,544 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.4% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 17.7% |
| Op Mgn 3Y Avg | 16.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 20.1% |
| FCF/Rev 3Y Avg | 21.6% |
Price Behavior
| Market Price | $63.46 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 09/03/1996 | |
| Distance from 52W High | -5.0% | |
| 50 Days | 200 Days | |
| DMA Price | $62.23 | $60.80 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 2.0% | 4.4% |
| 3M | 1YR | |
| Volatility | 22.9% | 26.0% |
| Downside Capture | 27.97 | 73.84 |
| Upside Capture | 41.06 | 72.77 |
| Correlation (SPY) | 28.5% | 51.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.51 | 0.62 | 0.64 | 1.01 | 0.71 | 0.80 |
| Up Beta | 0.28 | 0.73 | 1.08 | 1.62 | 0.55 | 0.74 |
| Down Beta | -0.15 | 0.93 | 0.72 | 0.93 | 0.82 | 0.81 |
| Up Capture | 102% | 49% | 31% | 68% | 63% | 52% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 11 | 22 | 28 | 60 | 116 | 366 |
| Down Capture | 45% | 46% | 63% | 97% | 91% | 97% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 9 | 20 | 34 | 65 | 132 | 379 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of SRCE With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| SRCE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.0% | 15.4% | 16.7% | 65.4% | 7.5% | 4.2% | -7.3% |
| Annualized Volatility | 25.8% | 19.0% | 19.4% | 19.8% | 15.3% | 17.0% | 34.9% |
| Sharpe Ratio | 0.33 | 0.62 | 0.67 | 2.43 | 0.27 | 0.08 | -0.06 |
| Correlation With Other Assets | 63.9% | 51.1% | -4.5% | 10.4% | 52.8% | 16.9% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of SRCE With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| SRCE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 12.9% | 16.2% | 14.8% | 17.7% | 11.2% | 5.1% | 30.2% |
| Annualized Volatility | 28.4% | 18.9% | 17.1% | 15.6% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.45 | 0.71 | 0.70 | 0.91 | 0.48 | 0.18 | 0.57 |
| Correlation With Other Assets | 63.2% | 43.5% | 0.8% | 10.6% | 43.6% | 20.0% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of SRCE With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| SRCE | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 10.0% | 13.4% | 15.0% | 14.6% | 6.9% | 5.4% | 69.0% |
| Annualized Volatility | 30.6% | 22.3% | 18.0% | 14.8% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.38 | 0.56 | 0.72 | 0.82 | 0.31 | 0.23 | 0.89 |
| Correlation With Other Assets | 72.8% | 54.9% | -7.3% | 19.5% | 50.8% | 13.9% | |
ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/23/2025 | 3.6% | 1.8% | 6.2% |
| 7/24/2025 | -1.8% | -3.5% | 4.0% |
| 4/24/2025 | 3.2% | 5.3% | 6.9% |
| 1/23/2025 | -0.0% | 9.2% | 12.4% |
| 10/24/2024 | -3.4% | -0.4% | 12.1% |
| 7/25/2024 | 4.9% | 0.2% | -1.4% |
| 4/25/2024 | 0.4% | -0.7% | -0.8% |
| 1/18/2024 | 4.8% | 5.5% | 0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 15 |
| # Negative | 10 | 12 | 9 |
| Median Positive | 2.6% | 5.4% | 8.1% |
| Median Negative | -1.5% | -3.2% | -1.4% |
| Max Positive | 12.1% | 16.6% | 16.7% |
| Max Negative | -8.0% | -5.5% | -6.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/23/2025 | 10-Q (09/30/2025) |
| 06/30/2025 | 07/24/2025 | 10-Q (06/30/2025) |
| 03/31/2025 | 04/24/2025 | 10-Q (03/31/2025) |
| 12/31/2024 | 02/18/2025 | 10-K (12/31/2024) |
| 09/30/2024 | 10/24/2024 | 10-Q (09/30/2024) |
| 06/30/2024 | 07/25/2024 | 10-Q (06/30/2024) |
| 03/31/2024 | 04/25/2024 | 10-Q (03/31/2024) |
| 12/31/2023 | 02/20/2024 | 10-K (12/31/2023) |
| 09/30/2023 | 10/19/2023 | 10-Q (09/30/2023) |
| 06/30/2023 | 07/20/2023 | 10-Q (06/30/2023) |
| 03/31/2023 | 04/20/2023 | 10-Q (03/31/2023) |
| 12/31/2022 | 02/16/2023 | 10-K (12/31/2022) |
| 09/30/2022 | 10/20/2022 | 10-Q (09/30/2022) |
| 06/30/2022 | 07/21/2022 | 10-Q (06/30/2022) |
| 03/31/2022 | 04/21/2022 | 10-Q (03/31/2022) |
| 12/31/2021 | 02/17/2022 | 10-K (12/31/2021) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.