---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-24-000113"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:43:00.194694+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 1st Source Q3 net income $34.9M, EPS $1.41, dividend raised 12.5% to $0.36

## Summary
- Net income $34.94M, diluted EPS $1.41; YoY up 6.07% and 6.82% respectively.
- Dividend raised to $0.36/share (+12.5% YoY), payable Nov 15 to holders of record Nov 5.
- Tax-equivalent NIM 3.64%, up 5bp QoQ and 18bp YoY on disciplined loan pricing, fourth consecutive expansion.
- Credit quality weakened: net charge-offs $0.85M vs net recoveries $1.99M prior qtr; NPA/loans 0.47% vs 0.31%.
- Executive compensation plan amended: normal retirement age set at 65 with alternative eligibility at age 60 (15 yr plan/20 yr service) with 150-day notice.

## SEC filing metadata
- accession: 0000034782-24-000113
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478224000113/0000034782-24-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478224000113/source-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-24-000113
- JSON: https://secwatch.observer/filing/0000034782-24-000113.json
- Plain text: https://secwatch.observer/filing/0000034782-24-000113.txt

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