- The loan growth rate will likely improve in the remainder of this year due to Indiana and Michigan’s economic factors.
- The loan and deposit mixes make the top line moderately sensitive to rate changes.
- Provision reversals are likely to decline from last year's unsustainable level. The provisioning for new loans will remain below normal.
- The December 2022 target price suggests a small upside from the current market price. Further, SRCE is offering a decent dividend yield.
For further details see:
1st Source Corp.: Earnings To Dip Despite Favorable Economic Factors