---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-24-000052"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:28:31.292479+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q1 net income $29.5M, down 5.4% YoY; dividend raised 6.25% to $0.34

## Summary
- Net income $29.46M ($1.19 diluted EPS) vs $31.12M ($1.25) a year ago.
- Dividend raised 6.25% to $0.34/share, payable May 15 to holders of record May 6.
- Average loans grew $116.21M (1.82%) QoQ; average deposits declined $57.56M.
- Net charge-offs of $6.12M (0.38% of avg loans), up from net recoveries prior quarter.
- Tax-equivalent NIM 3.54%, up 3 bps QoQ but down 6 bps YoY.

## SEC filing metadata
- accession: 0000034782-24-000052
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478224000052/0000034782-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478224000052/source-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-24-000052
- JSON: https://secwatch.observer/filing/0000034782-24-000052.json
- Plain text: https://secwatch.observer/filing/0000034782-24-000052.txt

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