1ST SOURCE CORP
1st Source Corporation is a bank holding company that, through its subsidiaries, provides a broad range of financial products and services. Its main subsidiary, 1st Source Bank, offers commercial and consumer banking, alongside trust and wealth advisory services, to individuals and businesses. The bank has a strong regional presence, operating through dozens of banking centres across Indiana, Michigan, and Florida. Uniquely, it also provides specialised financing for assets like construction equipment, private aircraft, and commercial vehicle fleets. Another subsidiary, 1st Source Insurance, Inc., offers property, casualty, health, and life insurance. This diversified model allows the company to serve various financial needs, from everyday banking to complex financing and insurance. As with any investment, the value can go down as well as up, and returns are not guaranteed. This information is for educational purposes and is not financial advice.
Stock Performance Snapshot
Analyst Rating
Analysts suggest keeping 1st Source Corp's stock as it may increase in value slightly.
Financial Health
1ST Source Corp is performing well with strong earnings and cash flow, indicating solid financial stability.
Dividend
1st Source Corp's dividend yield of 2.32% offers a modest return for dividend-seeking investors. If you invested $1000 you would be paid $23.20 a year in dividends (based on the last 12 months).
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Why You’ll Want to Watch This Stock
Diversified Financial Services
The company operates beyond traditional banking, with services in insurance and specialised financing for aircraft and vehicles, creating multiple potential revenue streams.
A Look at Financials
Reports suggest the company has maintained solid financial health, with healthy earnings from its core operations, which is a factor many investors watch closely.
Specialist Market Niche
Its focus on specialised financing for industries like aviation and construction could provide a competitive edge, though these sectors have their own economic cycles.
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Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland and North Carolina. It operates through two segments: Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, and deposit services, as well as treasury management and capital market services to wholesale customers primarily throughout Virginia, Maryland, North Carolina, and South Carolina. These customers include commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services to consumers and small businesses throughout Virginia, Maryland, and North Carolina. Consumer Banking includes the home loan division and investment management, and advisory services businesses.
