secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000034782-25-000043
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000043/0000034782-25-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000043/source-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000034782-25-000043

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