secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000034782-24-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478224000091/0000034782-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478224000091/source-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000034782-24-000091

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