1st Source Corp reports record annual net income $132.62M, Q4 EPS $1.27; raises dividend 5.88%

1ST SOURCE CORP

2024-FY EPS reported $5.36

2024 net income record $132.62M (+6.16% YoY); diluted EPS $5.26 (record); Q4 net income $31.44M (+10.58% YoY).
Quarterly cash dividend raised 5.88% to $0.36/share; 37th consecutive year of dividend growth.
Net interest margin (tax-equivalent) expanded to 3.64% for 2024, up 13 bps YoY; Q4 margin 3.78%.
End-of-period loans/leases $6.85B (+5.16% YoY); deposits $6.73B (+5.06% YoY).
Net charge-offs 0.09% of avg loans vs net recoveries of 0.04% in 2023; $3.9M pre-tax loss on securities repositioning.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.