---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-25-000003"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T16:56:22.875354+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000034782-25-000003
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/34782/000003478225000003/0000034782-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478225000003/source-20250123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-25-000003
- JSON: https://secwatch.observer/filing/0000034782-25-000003.json
- Plain text: https://secwatch.observer/filing/0000034782-25-000003.txt

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