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An announcement from 1St Source ( (SRCE) ) is now available.
In the fourth quarter of 2024, 1st Source Corporation reported significant activity in their specialty finance and renewable energy divisions. The renewable energy division has financed projects that avoid 297,999 metric tons of carbon emissions annually, with over $487 million in loans and leases outstanding. The company also launched instant payment systems, RTP and FedNow, in 2023, handling over $216 million through these channels, marking a robust digital adoption in financial transactions.
More about 1St Source
1st Source Corporation, founded in 1863 and headquartered in South Bend, Indiana, operates as a community bank with an international reach. It offers a range of services including business and personal banking, payment services, lending, mortgage, and leasing. Additionally, it provides investment management, wealth advisory, estate planning, and retirement planning services. The company also has a focus on renewable energy financing and specialty finance, which includes auto rental and leasing, truck rental and leasing, construction machinery, and corporate and personal aircraft.
YTD Price Performance: 14.20%
Average Trading Volume: 73,670
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.62B
See more insights into SRCE stock on TipRanks’ Stock Analysis page.
