1. Financial Services

  2. •

    Banks - Regional
MainSource Financial Group, Inc.

MainSource Financial Group, Inc.

MSFG
MainSource Financial Group, Inc.US flagNASDAQ
40.65
USD
- -
- -
MainSource Financial Group, Inc.
MSFG
(NASDAQ)

Recent

price

40.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
TTM
FRC
4.79
5.43
5.84
5.39
5.34
5.48
6.14
6.86
7.08
7.18
6.8
6.58
6.34
7.09
7.07
- -
7.78
Revenue per Share
1.13
1.31
1.41
1.23
1.3
1.17
1
-3.33
0.58
1.03
1.24
1.28
1.34
1.65
1.59
- -
1.96
Basic EPS, GAAP
2.33
3.4
2.26
2.67
1.42
1.17
2.29
2.04
3.32
1.44
2.31
2.57
1.74
2.11
1.38
- -
2.44
Free Cash Flow per Basic Share
0.36
0.42
0.46
0.49
0.52
0.56
0.58
0.37
0.18
0.18
0.18
0.3
0.4
0.54
0.59
- -
0.68
Dividend per Share
4.26
4.5
4.45
4.85
3.74
4.04
4.42
0.61
1.15
2.13
2.84
3.8
4.51
5.64
6.06
- -
7.06
Book Value per Share
-2.07
-3.53
-3.95
-4.6
-7.98
-7.24
-7.87
8.16
8.71
10.45
11.72
11.53
13.01
13.94
14.16
- -
15.14
Tangible Book Value per Share
12
12
12
13
17
19
19
20
20
20
20
20
22
22
24
- -
25
Basic Weighted Avg Shares
59
64
70
71
91
103
117
138
143
145
138
134
137
153
170
- -
196
Sales/Revenue/Turnover
35.04
34.4
33.17
30.1
32.69
28.05
20.07
-54.89
10.55
18.98
24.12
23.55
26.52
29.92
29.65
- -
31.79
Operating Margin (%)
5
4
7
6
6
7
8
10
7
2
2
2
2
2
1
- -
2
Depreciation Expense
14
15
17
16
22
22
19
-64
15
24
27
26
29
36
38
- -
49
Net Income, GAAP
32.72
30.12
27.2
24.21
25.48
23.95
18.61
- -
1.59
13.57
18.11
16.8
20.48
22.35
24.05
- -
20.74
Effective Tax Rate (%)
23.58
24.04
24.15
22.81
24.36
21.33
16.34
-46.46
10.38
16.41
19.76
19.6
21.09
23.23
22.51
- -
25.19
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
53
105
39
71
250
298
483
272
202
202
226
294
256
311
291
404
404
LT Debt
- -
- -
- -
- -
- -
- -
- -
294
303
337
324
306
361
381
449
533
533
Total Equity
25.01
14.94
10.5
11.36
11.41
6.83
4.18
- -
2.65
4.57
4.26
3.93
4.77
5.43
5.35
- -
5.89
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
26.99
29.01
31.77
27.7
34.75
31.32
23.94
-138.79
66.41
62.63
49.93
38.76
33.05
32.37
28.66
- -
30.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'17
Sep'17
Dec'17
ST Debt
- -
- -
- -
LT Borrowings
343
381
404
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
26
Market Capitalization
808
883
912

Working Capital

FRC

•

in mil. unless spec.
Jun'17
Sep'17
Dec'17
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
81
66
92
Accounts Receivable, Net
60
60
72
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
10.92%
18.57%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
36
38
39
39
153
2016
38
42
45
45
170
2017
45
49
50
51
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
0.35
0.45
0.42
0.42
1.65
2016
0.41
0.25
0.49
0.49
1.59
2017
0.5
0.38
0.43
0.65
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2015
0.13
0.13
0.14
0.14
0.54
2016
0.15
0.15
0.15
0.16
0.59
2017
0.16
0.17
0.17
0.18
- -
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Business
MainSource Financial Group, Inc. operates as a community-focused financial holding company providing a broad range of banking and financial services primarily through its subsidiary, MainSource Bank. The company offers core products including checking, savings, term certificate accounts, and transactional deposits; diverse lending services such as consumer, commercial, agribusiness, real estate mortgage, and installment loans; as well as ancillary services including safe deposit facilities, personal and business insurance services, personal and corporate trust services, letters of credit, and repurchase agreements. MainSource Financial Group serves customers across Indiana, Illinois, Kentucky, and Ohio from full-service offices located primarily in these regions. Founded in 1904 and headquartered in Greensburg, Indiana, the company operates with a strong regional presence. In recent developments, MainSource Financial Group expanded its market presence in Louisville through the acquisition of FCB Bancorp, Inc., strengthening its footprint in Kentucky. However, a significant strategic milestone occurred when MainSource Financial Group merged with First Financial Bancorp in early 2018. This merger resulted in the integration of MainSource Financial Group into First Financial Bancorp, expanding the combined banking franchise's assets to approximately $14 billion and enhancing service capacity in its core Midwestern markets. Following the merger, MainSource ceased independent public trading as it became part of First Financial Bancorp. This merger included divestitures required by regulatory authorities to address competitive concerns in certain local markets. The company's operational focus and banking services continue under the First Financial Bancorp umbrella as part of an expanded entity headquartered in the region. MainSource Financial Group's legacy includes over a century of community banking with a broad product suite servicing individual consumers, agribusiness clients, and commercial customers, focusing on financial solutions tailored to the Midwest region's markets. The company transitioned from being a stand-alone listed entity to becoming part of a larger regional banking organization, solidifying its role and offerings in a competitive regional banking landscape. Its strategic alliances, acquisitions, and operational shifts underline its evolution in a changing financial services environment.