secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2022-10-20T23:59:59+00:00
Accession:  0000034782-22-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source reports record Q3 net income $32.74M; dividend raised to $0.32 (3.23% increase)
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- Diluted EPS $1.32 vs $1.29 a year ago; net income up 0.78% to $32.74M.
- Tax-equivalent NIM expanded 26 bps to 3.60% driven by Fed rate hikes.
- Average loans net PPP grew $452M (8.74% YoY); average deposits up 4.24%.
- Noninterest income fell $3.49M (13.69%) mainly due to lower mortgage banking income.
- Cash dividend declared $0.32/share, payable Nov 10 to holders of record Nov 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478222000117/0000034782-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478222000117/source-20221020.htm
  HTML page:      https://secwatch.observer/filing/0000034782-22-000117

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