secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000034782-23-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source Q2 net income $32.44M, EPS $1.30 up 10% YoY; dividend $0.32 unchanged
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- Net income $32.44M +10.65% YoY; diluted EPS $1.30 +10.17% YoY.
- Cash dividend $0.32/share (unchanged), payable Aug 11, record Aug 1.
- Avg loans $6.14B +12.31% YoY; avg deposits $6.94B +2.11% YoY.
- Tax-equivalent NIM 3.48%, down 12 bps QoQ on deposit competition, up 16 bps YoY.
- Nonperforming assets 0.33% of loans vs 0.60% a year ago; credit quality steady.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000110/0000034782-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000110/source-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000034782-23-000110

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