---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-22-000044"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2022-04-21T23:59:59+00:00"
generated_at: "2026-06-26T05:52:07.362754+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q1 net income $27.39M, EPS $1.10 flat YoY; dividend raised to $0.31

## Summary
- Net income $27.39M ($1.10 diluted EPS), down 2.54% YoY but EPS flat vs $1.10 prior year.
- Cash dividend increased 3.33% to $0.31/share; payable May 13 to holders of record May 3.
- Average loans net of PPP grew $185.66M (+3.65%) YoY; net interest margin 3.17% (down 18bps YoY).
- Mortgage banking income $1.38M, down 64.70% YoY due to refinancing slowdown and low home inventory.
- Nonperforming assets ratio improved to 0.66% from 1.12% a year ago; net recoveries of $0.23M.

## SEC filing metadata
- accession: 0000034782-22-000044
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2022-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478222000044/0000034782-22-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478222000044/source-20220421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-22-000044
- JSON: https://secwatch.observer/filing/0000034782-22-000044.json
- Plain text: https://secwatch.observer/filing/0000034782-22-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.