secwatch.observer — SEC 8-K summary
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Issuer:     1ST SOURCE CORP (SRCE)
CIK:        0000034782
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0000034782-26-000027
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 Q1 net income of $39.96M; dividend raised to $0.43/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/34782/000003478226000027/0000034782-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/34782/000003478226000027/source-20260423.htm
  HTML page:      https://secwatch.observer/filing/0000034782-26-000027

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