---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-24-000091"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:25:45.152567+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q2 net income $36.79M record, EPS $1.49, dividend raised to $0.36

## Summary
- Net income of $36.79M up 13.44% YoY; diluted EPS $1.49 vs $1.30 a year ago.
- Quarterly cash dividend increased 12.5% to $0.36 per share; payable Aug 15, 2024.
- Average loans and leases grew $102.14M (1.57% QoQ); average deposits up $172.57M (2.46% QoQ).
- Net interest margin (tax-equivalent) 3.59%, up 5 bps from prior quarter and 11 bps YoY.
- Net recoveries of $1.99M versus net charge-offs of $6.12M in prior quarter.

## SEC filing metadata
- accession: 0000034782-24-000091
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478224000091/0000034782-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478224000091/source-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-24-000091
- JSON: https://secwatch.observer/filing/0000034782-24-000091.json
- Plain text: https://secwatch.observer/filing/0000034782-24-000091.txt

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