---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-22-000090"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2022-07-21T23:59:59+00:00"
generated_at: "2026-06-24T10:23:19.804118+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q2 net income $29.3M (-3% YoY); adjusted record ex-PPP; dividend raised 3.2%

## Summary
- Diluted EPS $1.18 vs $1.19 YoY; adjusted EPS ex-PPP was a record, up 3.87%.
- Net interest margin 3.32% (tax-equiv), up 17 bps YoY; average loans net PPP grew 6.58% YoY.
- Cash dividend increased to $0.32 per share, payable Aug. 12 to holders of record Aug. 2.
- 104,400 shares repurchased for $4.66M during Q2; book value per share fell to $34.74.
- Nonperforming assets to loans improved to 0.60% from 1.06% a year ago.

## SEC filing metadata
- accession: 0000034782-22-000090
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2022-07-21T23:59:59+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/34782/000003478222000090/0000034782-22-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478222000090/source-20220721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-22-000090
- JSON: https://secwatch.observer/filing/0000034782-22-000090.json
- Plain text: https://secwatch.observer/filing/0000034782-22-000090.txt

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