---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-25-000043"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:27:12.388454+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1st Source posts record Q1 net income $37.5M, EPS $1.52, dividend raised 11.8%

## Summary
- Net income $37.52M (+27.4% YoY), diluted EPS $1.52 vs $1.19 YoY; ROAA 1.72% and ROAE 13.33%.
- Tax-equivalent net interest margin 3.90%, +36 bps YoY; fifth consecutive quarter of margin expansion.
- Cash dividend increased 11.76% to $0.38/share, payable May 15, 2025 to holders of record May 5.
- Average loans & leases +1.84% QoQ, average deposits +2.62%; NPA ratio rose to 0.63% from 0.34% YoY.
- CET1 ratio 14.71% (up from 13.48% a year ago); 7,554 shares repurchased for $0.45M in Q1.

## SEC filing metadata
- accession: 0000034782-25-000043
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2025-04-24T23:59:59+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/34782/000003478225000043/0000034782-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478225000043/source-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-25-000043
- JSON: https://secwatch.observer/filing/0000034782-25-000043.json
- Plain text: https://secwatch.observer/filing/0000034782-25-000043.txt

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