---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-23-000135"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:14:35.937467+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q3 net income $32.94M record; dividend raised 6.25% to $0.34

## Summary
- Net income $32.94M (record) vs $32.74M YoY; diluted EPS flat at $1.32.
- Cash dividend increased 6.25% to $0.34/share, payable Nov 15 to holders of record Nov 6.
- Average loans and leases grew $104.73M QoQ (1.71%) and $618.17M (10.98%) YoY.
- Net interest margin 3.45%, down 2 bps QoQ and 14 bps YoY on deposit rate competition.
- Nonperforming assets to loans improved to 0.27% from 0.33% prior quarter; repurchased 260,887 shares for $10.29M.

## SEC filing metadata
- accession: 0000034782-23-000135
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/0000034782-23-000135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/source-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-23-000135
- JSON: https://secwatch.observer/filing/0000034782-23-000135.json
- Plain text: https://secwatch.observer/filing/0000034782-23-000135.txt

## Key facts
- Earnings Releases
  1ST SOURCE CORP reported the third quarter of 2023 results: net income $32.94 million, EPS $1.32.
  - Period: the third quarter of 2023
  - Net income: $32.94 million
  - EPS: $1.32
  - Result: reported results
  source text: 1st Source Corporation Reports Record Third Quarter Results, Cash Dividend Increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/0000034782-23-000135-index.htm
- Governance Changes
  1ST SOURCE CORP: Amended bylaws to establish procedures for shareholder director nominations in conformity with SEC Rule 14a-19 (Universal Proxy Rule) and procedures for shareholder proposals for action at meetings (effective 2023-10-19).
  - Change: bylaw amendment
  - Effective: 2023-10-19
  source text: The Board of Directors amended the Company’s bylaws effective October 19, 2023 to establish procedures to be followed by a shareholder seeking to nominate a director for election, in conformity with Securities and Exchange Commission Rule 14a-19 promulgated under the Securities and Exchange Act of 1934, also known as the “Universal Proxy Rule”, and procedures to be followed by a shareholder seeking to propose action for a vote at a meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/0000034782-23-000135-index.htm

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