secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000034782-23-000135
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/0000034782-23-000135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478223000135/source-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000034782-23-000135

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