1st Source Corporation: Tariff Resumption Could Hurt Specialty Finance Division; Maintaining Hold Rating
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1st Source Corporation's Specialty Finance division faces risks from potential tariff resumption on automobiles. The company's net interest margin remains stable amid interest rate changes. EPS for 2025 is expected to be slightly lower than previous estimates.
March 06, 2025 | 6:45 pm
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1st Source Corporation's Specialty Finance division is at risk due to potential resumption of automobile tariffs. The company's net interest margin remains stable, but EPS for 2025 is slightly reduced.
The potential resumption of tariffs on automobiles poses a significant risk to SRCE's Specialty Finance division, which could negatively impact revenues. The slight reduction in EPS forecast for 2025 also suggests a potential negative impact on stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100