1st Source Announces the Retirement of John Griffith
South Bend, Indiana--(Newsfile Corp. - December 18, 2025) - 1st Source Corporation (NASDAQ: SRCE) announces the retirement of John Griffith, Executive Vice President and Chief Risk Officer of both the Corporation and 1st Source Bank, effective December 31, 2025. Mr. Griffith has served the organization for almost 25 years, joining 1st Source in 2001 as Senior Vice President, General Counsel, and Secretary of the Board. In 2011, he was elevated to Executive Vice President and Chief Risk...
2025-12-18 12:26 PM EST
1st Source Bank Announces Promotion of Two Senior Leaders
South Bend, Indiana--(Newsfile Corp. - November 20, 2025) - 1st Source Bank is pleased to announce the Board of Directors' promotion of two senior leaders following recent succession changes at the Bank and parent company, 1st Source Corporation (NASDAQ: SRCE). Mr. John Bedient will become Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to his current Operations...
2025-11-20 3:17 PM EST
1st Source Corporation Reports Record Third Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $42.30 million for the quarter, up $4.98 million or 13.34% from the previous quarter and up $7.36 million or 21.06% from the third quarter of 2024. Diluted net income per common share was $1.71, up $0.20 or 13.25% from the previous quarter and up $0.30 or 21.28% from the prior year's third quarter of $1.41. These results include $1.88 million in pre-tax losses from the sale of approximately $73 million of available-for-sale securities executed in the third...
2025-10-23 4:01 PM EDT
1st Source Corporation Announces Executive Succession Plan
South Bend, Indiana--(Newsfile Corp. - July 24, 2025) - 1st Source Corporation announced today that after 50 years in successive leadership as President, Chairman and/or CEO of the corporation and its subsidiary 1st Source Bank, effective October 1, Christopher J. Murphy III, will step down from his CEO role and become Executive Chairman of the corporation and the bank. Simultaneously, Andrea Short, President of 1st Source Corp and CEO of 1st Source Bank, will become CEO and President of 1st...
2025-07-24 5:46 PM EDT
1st Source Corporation Reports Second Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $37.32 million for the quarter, down slightly from the previous quarter and up $0.53 million or 1.43% from the second quarter of 2024. Diluted net income per common share was $1.51, down $0.01 or 0.66% from the previous quarter and up $0.02 or 1.34% from the prior year's second quarter of $1.49. These results include $1.00 million in pre-tax losses from the sale of approximately $26 million available-for-sale securities executed in the second quarter....
2025-07-24 4:00 PM EDT
1st Source Announces Promotion of Brian Duba to General Counsel and Secretary
South Bend, Indiana--(Newsfile Corp. - May 20, 2025) - 1st Source Corporation, (NASDAQ: SRCE) along with Chairman and CEO Christopher J. Murphy III are pleased to announce the Board of Directors' promotion of Brian Duba to General Counsel and Secretary of 1st Source Corporation and 1st Source Bank. Mr. Duba will retain his officer status of Senior Vice President and will now have responsibility for managing all legal affairs of the company, maintaining positive and open relationships with...
2025-05-20 10:49 AM EDT
1st Source Makes KBW Bank Honor Roll for 7th Consecutive Year
South Bend, Indiana--(Newsfile Corp. - May 15, 2025) - 1st Source (NASDAQ: SRCE) is pleased to announce that it made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW) for the seventh consecutive year. They are among just 16 U.S. Banks on the list, placing its long-term performance among the top 5% of eligible banks in the United States. To be eligible, Banks must have more than $500 million in total assets and meet at least one of two criteria: consistent earnings growth over...
2025-05-15 12:03 PM EDT
1st Source Corporation Reports Record First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was a record $37.52 million for the quarter, up $6.08 million or 19.35% from the previous quarter and up $8.07 million or 27.38% from the first quarter of 2024. Diluted net income per common share was $1.52, up $0.25 or 19.69% from the previous quarter and up $0.33 or 27.73% from the prior year's first quarter of $1.19. Return on average assets increased to 1.72% from 1.42% in the previous quarter and 1.37% in the first quarter of 2024. Return on average common...
2025-04-24 7:40 AM EDT
1st Source Again Ranked in Top 50 Community Banks by S&P Global
South Bend, Indiana--(Newsfile Corp. - April 3, 2025) - 1st Source Corporation (NASDAQ: SRCE) is pleased to announce that they ranked #25 on S&P Global Market Intelligence's Top 50 Community Banks list of institutions with $3B-$10B in assets. This is the second year in a row that they've made the list of best-performing community banks. When determining the list, S&P put a special emphasis on the strength and risk profile of each financial institution's balance sheets while also considering...
2025-04-03 2:36 PM EDT
1st Source Bank Named Among America's Best Midsize Employers for Fourth Year
South Bend, Indiana--(Newsfile Corp. - March 11, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were named once again to Forbes' list of America's Best Midsize Employers. This is the 10th anniversary of the list's creation and the fourth year that the Bank received the honor, following 2021, 2022, and 2023. The list identifies companies that are rated most highly by their employees. More than 217,000 employees working at U.S. companies with more than 1,000 employees...
2025-03-11 11:40 AM EDT
1st Source Bank Named One of America's Best Banks by Forbes
South Bend, Indiana--(Newsfile Corp. - February 27, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were once again named to Forbes' America's Best Banks list, taking the 26th spot out of 100. According to Forbes, they look at "10 metrics measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025." 1st Source is one of only three banks in Indiana to make this year's...
2025-02-27 12:20 PM EST
1st Source Bank Joins U.S. Faster Payments Council
South Bend, Indiana--(Newsfile Corp. - February 4, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that it has joined the U.S. Faster Payments Council (FPC). This industry-led membership organization is helping to shape the future of the U.S. national payment system. It was created so Americans can safely and securely pay anyone, anywhere, at any time with near-immediate funds availability. Additionally, it focuses on the larger goals of safety, security and adoption of all...
2025-02-04 12:03 PM EST
1st Source Corporation Reports Record Annual Earnings, Cash Dividend Declared, History of Increased Dividends Continues
FULL YEAR AND QUARTERLY HIGHLIGHTS Net income was a record $132.62 million for the year of 2024, up 6.16% from 2023 and was $31.44 million for the fourth quarter of 2024, down 10.02% from the previous quarter and up 10.58% from the fourth quarter of 2023. Diluted net income per common share was a record $5.36 for the year of 2024, up 6.56% from 2023 and was $1.27 for the fourth quarter of 2024, down 9.93% from the previous quarter and up 10.43% from the prior year's fourth quarter. These...
2025-01-23 4:00 PM EST
1st Source Corporation Reports Third Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $34.94 million for the quarter, up $2.00 million or 6.07% from the third quarter of 2023. Diluted net income per common share was $1.41, up $0.09 or 6.82% from the prior year's third quarter of $1.32. Cash dividend of $0.36 cents per common share for the quarter was approved, up 12.50% from the cash dividend declared a year ago. Tax-equivalent net interest income was $75.63 million, up $1.44 million or 1.94% from the second quarter of 2024 and up $6.22...
2024-10-24 4:00 PM EDT
1st Source Corporation Reports Record Second Quarter Results, Increased Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $36.79 million for the quarter, up $4.36 million or 13.44% from the second quarter of 2023. Diluted net income per common share was $1.49, up $0.19 or 14.62% from the prior year's second quarter of $1.30. Cash dividend increase of two cents per share to $0.36 per common share for the quarter was approved, up 12.50% from the cash dividend declared a year ago. Average loans and leases grew $102.14 million in the second quarter, up 1.57% (6.28% annualized...
2024-07-25 4:00 PM EDT
1st Source Bank Named a Best Company to Work For in the Midwest by U.S. News & World Report
South Bend, Indiana--(Newsfile Corp. - July 2, 2024) - U.S. News & World Report recently announced that 1st Source Bank (NASDAQ: SRCE) received an award for "Best Companies to Work For - Midwest" in their Best Companies Ratings for 2024 - 2025. The list analyzes the Russell 3000 list of publicly traded U.S. companies. To earn a "Best" award, a company had to score well above average nationally, in its industry, and/or in its region. "We are pleased with this award of "Best Companies to Work...
2024-07-02 10:15 AM EDT
1st Source Bank Makes KBW Bank Honor Roll for 6th Consecutive Year
South Bend, Indiana--(Newsfile Corp. - May 9, 2024) - 1st Source Bank (NASDAQ: SRCE) once again made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW). This marks the sixth consecutive year that the bank has made the list, placing its long-term performance among the top 5% of eligible banks in the United States. Historically, the list was comprised of banks that had consistent earnings growth over the past 10 years. This year, KBW modified the Honor Roll to include a second...
2024-05-09 11:09 AM EDT
1st Source Corporation Announces the Promotion of Andrea Short to President
South Bend, Indiana--(Newsfile Corp. - May 1, 2024) - Christopher J Murphy III, Chairman and CEO of 1st Source Corporation (NASDAQ: SRCE) and Chairman of 1st Source Bank announced today that as part of 1st Source's long-term succession planning, the Board of 1st Source promoted Andrea G. Short to President of 1st Source Corporation. Prior to this promotion, she served as Executive Vice President of the Corporation and will continue to serve as President and CEO of 1st Source Bank. She will...
2024-05-01 5:05 PM EDT
1st Source Bank Named One of America's Best Banks by Forbes
South Bend, Indiana--(Newsfile Corp. - April 26, 2024) - 1st Source Bank is pleased to announce their #14 ranking on Forbes' America's Best Banks list. The list, according to Forbes includes 100 of the nation's top banks, based on 10 financial metrics "measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024." 1st Source is one of only five banks based in Indiana that made the list, and the only bank in...
2024-04-26 11:10 AM EDT
1st Source Corporation Reports First Quarter Results, Cash Dividend Declared
QUARTERLY HIGHLIGHTS Net income was $29.46 million for the quarter, up $1.03 million or 3.61% from the previous quarter and down $1.67 million or 5.36% from the first quarter of 2023. Diluted net income per common share was $1.19, up $0.04 or 3.48% from the previous quarter and down $0.06 or 4.80% from the prior year's first quarter of $1.25. Cash dividend of $0.34 per common share was approved, up 6.25% from the cash dividend declared a year ago. Average loans and leases grew $116.21 million...
2024-04-25 7:40 AM EDT