---
schema_version: "secwatch.filing_event.v1"
accession: "0000034782-26-000027"
form_type: "8-K"
ticker: "SRCE"
cik: "0000034782"
company_name: "1ST SOURCE CORP"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:41:29.966897+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 1st Source reports record Q1 net income of $39.96M; dividend raised to $0.43/share

## Summary
- Net income $39.96M, up 6.49% YoY; diluted EPS $1.63 (+7.24% YoY).
- Dividend increased to $0.43/share (13.16% YoY increase), payable May 15, 2026 to holders of record May 5.
- Average loans and leases grew 3.29% YoY to $7.02B; deposits fell 1.94% YoY.
- Provision for credit losses $7.27M (vs $3.27M a year ago); net charge-offs $3.96M (vs $0.18M).
- Common Equity Tier 1 ratio 15.30% (vs 14.71% a year ago); 338,356 shares repurchased for $23.35M.

## SEC filing metadata
- accession: 0000034782-26-000027
- form_type: 8-K
- ticker: SRCE
- cik: 0000034782
- company_name: 1ST SOURCE CORP
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/34782/000003478226000027/0000034782-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/34782/000003478226000027/source-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000034782-26-000027
- JSON: https://secwatch.observer/filing/0000034782-26-000027.json
- Plain text: https://secwatch.observer/filing/0000034782-26-000027.txt

## Key facts
- Earnings Releases
  1ST SOURCE CORP reported first quarter of 2026 results: net income $39.96 million, EPS $1.63.
  - Period: first quarter of 2026
  - Net income: $39.96 million
  - EPS: $1.63
  - Result: reported results
  source text: Brett Bauer April 23, 2026 574-235-2000 1st Source Corporation Reports Record First Quarter Results, Increased Cash Dividend Declared QUARTERLY HIGHLIGHTS • Net income was $39.96 million for the quarter, up $2.44 million or 6.49% from the first quarter of 2025 and down $1.19 million or 2.88% from the previous quarter. Diluted net income per common share was
  evidence_url: https://www.sec.gov/Archives/edgar/data/34782/000003478226000027/0000034782-26-000027-index.htm

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