---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-23-000066"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2023-04-20T23:59:59+00:00"
generated_at: "2026-06-16T22:51:42.279661+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q1 net income $31.12M ($1.25 EPS), up 13.6% YoY; dividend raised 3.2%

## Summary
- Diluted EPS of $1.25 vs $1.10 in Q1 2022, up 13.6%.
- Average loans grew $195.6M (3.35%) from Q4 2022; deposits up $110.5M (1.64%).
- Tax-equivalent net interest margin 3.60%, down 9 bps QoQ but up 42 bps YoY.
- Cash dividend increased to $0.32/share, payable May 12 to holders of record May 2.
- NPAs improved to 0.30% of loans vs 0.45% at Dec 31, 2022; net recoveries of $0.19M.

## SEC filing metadata
- accession: 0000034782-23-000066
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2023-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478223000066/0000034782-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478223000066/source-20230420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-23-000066
- JSON: https://secwatch.observer/filing/0000034782-23-000066.json
- Plain text: https://secwatch.observer/filing/0000034782-23-000066.txt

## Key facts
- Earnings Releases
  1ST SOURCE CORP reported the first quarter of 2023 results: net income $31.12 million, EPS $1.25.
  - Period: the first quarter of 2023
  - Net income: $31.12 million
  - EPS: $1.25
  - Result: reported results
  source text: Net income was $31.12 million for the quarter, up $3.73 million or 13.63% from the first quarter of 2022. Diluted net income per common share was $1.25, up $0.15 or 13.64% from the prior year’s first quarter of $1.10.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34782/000003478223000066/0000034782-23-000066-index.htm

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