secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000034782-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source reports record 2022 net income $120.51M; Q4 EPS $1.25; dividend up 3.23%
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- Record annual net income $120.51M ($4.84 diluted EPS), up 1.67% from 2021.
- Q4 net income $31.07M ($1.25 EPS), up 12.07% YoY but down 5.10% from Q3 2022.
- Quarterly cash dividend increased to $0.32/share, payable Feb. 16, 2023 to holders of record Feb. 6.
- Average loans/leases grew 7.82% net of PPP; net charge-offs were only 0.03% of loans in 2022.
- Tax-equivalent net interest margin expanded 60 bps YoY to 3.69% in Q4 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000003/0000034782-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000003/source-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000034782-23-000003

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