{"schema_version":"secwatch.filing_event.v1","accession":"0000034782-24-000010","form_type":"8-K","ticker":"SRCE","cik":"0000034782","company_name":"1ST SOURCE CORP","filed_at":"2024-01-18T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.568612+00:00","generated_at":"2026-06-06T22:10:28.052315+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"1st Source reports record annual net income $124.93M, raises dividend 6.25%","bullets":["Record annual net income $124.93M (+3.67% YoY); diluted EPS $5.03 (+3.93%).","Q4 net income $28.43M (-8.49% YoY); Q4 diluted EPS $1.15 vs $1.25.","Cash dividend raised 6.25% to $0.34/share; 36th consecutive year of dividend growth.","Average loans and leases up 11.45% for year; tax-equivalent NIM 3.51%, +6 bps.","Securities repositioning caused $2.88M loss; $1M charitable contribution; net recoveries 0.04%."],"urls":{"canonical":"https://secwatch.observer/filing/0000034782-24-000010","json":"https://secwatch.observer/filing/0000034782-24-000010.json","markdown":"https://secwatch.observer/filing/0000034782-24-000010.md","text":"https://secwatch.observer/filing/0000034782-24-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/source-20240118.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T22:10:28.052315+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2721272650ad75fec3593bfd0e949219aa64ee1c","claim":"1ST SOURCE CORP reported fourth quarter 2023 results: net income $28.43 million, EPS $1.15.","evidence_excerpt":"Fourth quarter net income was $28.43 million, a decrease of 8.49% compared to $31.07 million earned in the fourth quarter of 2022 after losses due to repositioning the Company's investment securities portfolio and a contribution to the 1st Source Foundation.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$28.43 million"},{"label":"EPS","value":"$1.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2721272650ad75fec3593bfd0e949219aa64ee1c","claim":"1ST SOURCE CORP reported fourth quarter 2023 results: net income $28.43 million, EPS $1.15.","evidence_excerpt":"Diluted net income per common share for the fourth quarter was $1.15, down 8.00% from the $1.25 earned in the fourth quarter of the previous year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$28.43 million"},{"label":"EPS","value":"$1.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9800da5fd987a6d416bbd599954062480616048f","claim":"1ST SOURCE CORP reported full year 2023 results: net income $124.93 million, EPS $5.03.","evidence_excerpt":"1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record net income of $124.93 million for 2023, an increase of 3.67% compared to $120.51 million earned in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"$124.93 million"},{"label":"EPS","value":"$5.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"9800da5fd987a6d416bbd599954062480616048f","claim":"1ST SOURCE CORP reported full year 2023 results: net income $124.93 million, EPS $5.03.","evidence_excerpt":"Diluted net income per common share for the year was a record $5.03, up 3.93% from the $4.84 earned a year earlier.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2023"},{"label":"Net income","value":"$124.93 million"},{"label":"EPS","value":"$5.03"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}