secwatch.observer — SEC 8-K summary
======================================

Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000034782-22-000090
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478222000090/0000034782-22-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478222000090/source-20220721.htm
  HTML page:      https://secwatch.observer/filing/0000034782-22-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer