1st Source Corp

SRCE has formed a Bullish Pivot Point at the 50-day SMA and short-term EMAs have converged and crossed, with price holding just above rising EMAs and the 50-day. The medium-term uptrend remains intact, supported by neutral overbought/oversold conditions and modest volume. We are initiating a Buy Now to participate in the structural repair and resumption of the uptrend, while closely monitoring the 50-day SMA for support.

• ↑Q2 revenue $118.2M (+8% YoY) and EPS $1.95 vs $1.71 est.
• ↑Quarterly dividend increased to $0.45 from $0.43, supporting income yield.
• ↓Growth factor remains weak, raising revenue stagnation concerns.