secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2025-10-23T23:59:59+00:00
Accession:  0000034782-25-000108
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

1st Source reports record Q3 net income $42.3M, EPS $1.71, dividend raised to $0.40
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- Net income record $42.30M ($1.71 diluted EPS), up 21% YoY; ROA 1.86%, ROE 13.76%.
- Cash dividend increased 2 cents to $0.40/share, up 11.11% from a year ago; payable Nov 14 to holders of record Nov 4.
- Tax-equivalent net interest margin expanded to 4.09%, up 8 bps QoQ and 45 bps YoY.
- Nonperforming assets to loans fell to 0.91% from 1.06% prior quarter; provision for credit losses dropped to $0.90M from $7.69M.
- Leadership transition: Christopher J. Murphy III becomes Executive Chairman; Andrea G. Short named CEO of 1st Source Corp and Bank; Kevin C. Murphy becomes President of Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000108/0000034782-25-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478225000108/source-20251023.htm
  HTML page:      https://secwatch.observer/filing/0000034782-25-000108

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