What is the Return on Assets (ROA) of 1st Source this year?
The Return on Assets (ROA) of 1st Source is 0.01 undefined this year.
1st Source ROA 2024
1st Source ROA
0.01
1st Source Dividend yield
2.49 %
Ticker
SRCE
ISIN
US3369011032
WKN
919913
In 2024, 1st Source's return on assets (ROA) was 0.01, a -1.06% increase from the 0.01 ROA in the previous year.
1st Source Aktienanalyse
What does 1st Source do?
1st Source Corp is an American financial company headquartered in South Bend, Indiana. The company was founded in 1863 and has since been an important part of the banking industry in Indiana and Michigan. The company's origins lie in the opening of a small bank in South Bend, supported by numerous local businesses. Over the following decades, the bank expanded into various cities in the surrounding area. In the 1980s, the company became large enough to develop into 1st Source Corporation, a holding company for various financial services. Today, 1st Source Corp offers a wide range of financial services, including deposits, loans, credit cards, investment services, and insurance solutions. The company operates more than 80 branches in Indiana and Michigan and serves customers in many other states across the USA. The business model of 1st Source Corp is based on a strong focus on customer needs, conservative financial policies, and a local orientation. Unlike many other financial service providers, the company strives to find individual solutions for each customer and build long-term partnerships. An important part of 1st Source Corp's business is wealth management, which offers a variety of investment services for affluent clients. In addition to traditional portfolios and investment funds, the company also provides customized solutions for wealth management and succession planning. Another key area is corporate finance, which focuses on providing loans and other financing solutions for businesses. 1st Source Corp has earned a reputation as a reliable and flexible financing partner and works closely with companies of all sizes. In addition to its traditional business areas, 1st Source Corp also operates a number of specialized departments. This includes, for example, the agricultural finance division, which specializes in financing farmers and agricultural companies. Another important department is the therapy and leasing division, which offers leasing solutions for medical equipment and properties. In recent years, 1st Source Corp has also increasingly focused on offering online and mobile banking solutions. Customers have access to extensive online services that make it easy to manage accounts, make transfers, and pay bills. Overall, 1st Source Corp is a traditional financial company with a strong focus on customer needs and a local orientation. The company offers a wide range of services, from wealth management to corporate finance, and has earned a reputation as a reliable and flexible financing partner. 1st Source ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding 1st Source's Return on Assets (ROA)
1st Source's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing 1st Source's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider 1st Source's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in 1st Source’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about 1st Source Stock
What was the ROA of 1st Source compared to the previous year?
The ROA of 1st Source has increased by -1.06% compared to the previous year.
What consequences do high ROA have for investors of 1st Source?
A high ROA is advantageous for investors of 1st Source, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in 1st Source?
A low ROA can be unfavorable for investors of 1st Source as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of 1st Source affect the company?
An increase in ROA of 1st Source can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of 1st Source impact the company?
A reduction in the ROA of 1st Source can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of 1st Source?
Some factors that can influence the ROA of 1st Source include revenue, operating costs, asset structure, and industry average.
Why is the ROA of 1st Source important for investors?
The ROA of 1st Source is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can 1st Source take to improve ROA?
To improve ROA, 1st Source can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does 1st Source pay?
Over the past 12 months, 1st Source paid a dividend of 1.3 USD . This corresponds to a dividend yield of about 2.49 %. For the coming 12 months, 1st Source is expected to pay a dividend of 1.43 USD.
What is the dividend yield of 1st Source?
The current dividend yield of 1st Source is 2.49 %.
When does 1st Source pay dividends?
1st Source pays a quarterly dividend. This is distributed in the months of August, December, March, June.
How secure is the dividend of 1st Source?
1st Source paid dividends every year for the past 37 years.
What is the dividend of 1st Source?
For the upcoming 12 months, dividends amounting to 1.43 USD are expected. This corresponds to a dividend yield of 2.74 %.
In which sector is 1st Source located?
1st Source is assigned to the 'Finance' sector.
Wann musste ich die Aktien von 1st Source kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of 1st Source from 5/15/2024 amounting to 0.34 USD, you needed to have the stock in your portfolio before the ex-date on 5/3/2024.
When did 1st Source pay the last dividend?
The last dividend was paid out on 5/15/2024.
What was the dividend of 1st Source in the year 2023?
In the year 2023, 1st Source distributed 1.26 USD as dividends.
In which currency does 1st Source pay out the dividend?
The dividends of 1st Source are distributed in USD.
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Andere Kennzahlen von 1st Source
Our stock analysis for 1st Source Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of 1st Source Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
