An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · 1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and busines…
VERDICT
The label
Markup
read at $83.48
1st Source Corporation holds its Markup at $83.48.
PHPhase · the trend structure carries the Markup label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2026-07-19
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 288 days
Price
$83.48
Valuation
12.80 trailing · 11.88 forward price to earnings
Values screen
FAIL· score 30.0
Beta
0.57
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$83.48
12.80 P/E · 11.88 fwd
Our fair value
$86.72
4% discount
Analyst target (avg)
$79.00
-5% to current
Target low $74.00Analyst target rangeTarget high $88.00
▲ current $83.48 · | average target
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$83.48
you are here
Conservative
$70.83
-15%
Analyst avg
$79.00
-5%
Our fair value
$86.72
+4%
Analyst high
$88.00
+5%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Reading the gap · Our model sees value the Street hasn't fully caught up to yet.
Revenue growth
5.10%
Profit margin
37.70%
Analyst consensus
Hold · 3 covering
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its prohibited keyword in sector/industry: bank. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityProhibited keyword in sector/industry: bankFail
Debt loadInterest-bearing debt is of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashInterest-bearing cash and securities are of assets, above the one-third limit.Fail
ReceivablesMoney owed to the company is of assets, above the 49% limit.Fail
Revenue purity of revenue comes from non-compliant sources, over the 5% line.Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
Regional banks hit our ethical wall first
Picture a Midwest bank handling everyday loans and wealth plans for local families and firms. It looks steady on paper, with revenue creeping up 5 percent, a 38 percent profit margin and 13 percent return on equity, yet the numbers sit right next to an ethical screen that stops the whole review.
We pass because the sector itself fails the test. Banks are off limits regardless of the modest 4 percent margin of safety between the share price and our fair value, or the 11.9 times forward earnings multiple that looks neither cheap nor expensive next to a hold-rated analyst target of 79 dollars.
The real exposure sits in interest-rate swings and credit cycles that can turn a calm regional lender into a problem fast. Analysis, not advice.
Screened names in the same industry · explore each on its own page.
TRADE
Where & how to trade · wherever in the world you are
SRCE trades on Nasdaq. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
TRADER
The trader read · the latest dated commentary
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 13% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (3 analysts) rates it none, with a mean price target of $80. Entered 2026-07-18 · Markdown
JOURNAL
The dated journal · newest first, never edited
2026-07-18Markdown$78.52+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 13% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 28%. Our forward projection puts the odds of a 10% gain over the next month near 21%. The street (3 analysts) rates it none, with a mean price target of $80.
2026-07-03Markdown$78.52+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Markdown$78.52Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$72.67
+6.8%
·
$1,068
+6.8%
2 months
$73.45
+5.6%
$0.43
$1,062
+6.2%
3 months
$67.43
+15.1%
$0.43
$1,157
+15.7%
6 months
$65.06
+19.2%
$0.83
$1,205
+20.5%
1 year
$60.63
+28.0%
$1.61
$1,306
+30.6%
2 years
$47.16
+64.5%
$3.07
$1,710
+71.0%
3 years
$42.46
+82.7%
$4.41
$1,931
+93.1%
5 years
$43.18
+79.7%
$6.93
$1,957
+95.7%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever SRCE does next, these words stay.
1st Source Corporation · SRCE · Markup · $83.48
Recorded 2026-07-19 · before the outcome · scored mechanically
