secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0000034782-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source reports record annual net income $124.93M, raises dividend 6.25%
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/0000034782-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478224000010/source-20240118.htm
  HTML page:      https://secwatch.observer/filing/0000034782-24-000010

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