1st Source: Positive Earnings Outlook Appears Priced In
1st Source (SRCE) Seeking Alpha·2024-09-04 01:00
P entify Children Children 1 E ugurhan Earnings of 1st Source Corporation (NASDAQ:SRCE) will likely receive support from below-average loan growth through the end of 2025. On the other hand, upcoming interest rate cuts will have an overall slightly negative impact on the net interest margin, which will constrain earnings growth next year. Overall, I'm expecting the company to report earnings of $5.37 per share for 2024, up 7%, and $5.44 per share for 2025, up by just 1% year-over-year. The December 2024 tar ...