secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0000034782-25-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source Q2 net income $37.32M ($1.51 EPS); dividend raised 5.56% to $0.38
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- Net income $37.32M, up 1.43% YoY; diluted EPS $1.51 vs $1.49 YoY.
- Tax-equivalent net interest margin 4.01%, up 42 bps YoY; NII up 15.03% YoY.
- Provision for credit losses $7.69M vs recovery of $0.31M a year ago; net charge-offs $1.87M.
- Nonperforming assets to loans rose to 1.06% (from 0.63% prior Q) primarily from one auto/light truck account.
- Cash dividend increased to $0.38/share (5.56% increase), payable Aug 15, 2025 to holders of record Aug 5.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000079/0000034782-25-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000079/source-20250724.htm
  HTML page:      https://secwatch.observer/filing/0000034782-25-000079

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