SRCE 1st Source Corp.

1st Source Announces Board Departure of Lisa Hershman

1st Source Corporation announces the resignation of Lisa Hershman from the 1st Source Corporation and 1st Source Bank boards of directors. Lisa Hershman was recently nominated by the President, confirmed by the United States Senate, and is now serving our country as the Chief Management Officer of the Department of Defense. In this role she is not able to serve on any public or privately held company boards.

“We congratulate Lisa on her very important new role serving our country,” says Christopher J. Murphy III, Chairman and CEO of 1st Source. “We look forward to a time when she may be able to return to lend her leadership skills and expertise to our boards.”

Hershman joined the 1st Source boards in April 2018. She brought with her expertise in process management, innovation and redesign, managing mergers and acquisitions, and leadership training and education.

1st Source Corporation, parent company of 1st Source Bank, has assets of $6.6 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 80 banking centers, 15 1st Source Bank Specialty Finance Group locations nationwide, eight Trust and Wealth Advisory Services locations and ten 1st Source Insurance offices. For more than 155 years, 1st Source has been committed to our mission of helping our clients achieve security, build wealth and realize their dreams. For more information, visit .

EN
28/01/2020

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Reports on 1st Source Corp.

 PRESS RELEASE

1st Source Announces Two Promotions with an Eye on the Future

SOUTH BEND, Ind.--(BUSINESS WIRE)-- 1st Source Corporation and 1st Source Bank are pleased to announce that its Board of Directors has recently made two promotions with an eye on its future. This press release features multimedia. View the full release here: Chris Murphy (Photo: Business Wire) Effective December 1, 2022, Andrea G. Short, President of 1st Source Bank will also become its CEO. Christopher J. Murphy III will remain Chairman, President and CEO of 1st Source Corporation and Chairman of 1st Source Bank. In her new role, Ms. Short will have Personal Banking, Business Banking, Special...

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1st Source Corporation Reports Record Third Quarter Results, Cash Divi...

SOUTH BEND, Ind.--(BUSINESS WIRE)-- 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported record quarterly net income of $32.74 million for the third quarter of 2022, up 0.78% from the $32.48 million reported in the third quarter a year ago, bringing the 2022 year-to-date net income to $89.44 million compared to $90.81 million in 2021. Diluted net income per common share for the third quarter of 2022 was $1.32 versus $1.29 in the third quarter of 2021. Diluted net income per common share for the first nine months of 2022 and 2021 was $3.59. At its October 20...

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1st Source Corporation Reports Second Quarter Results, a Record Quarte...

SOUTH BEND, Ind.--(BUSINESS WIRE)-- 1st Source Corporation (NASDAQ: SRCE), parent company of 1st Source Bank, today reported quarterly net income of $29.31 million for the second quarter of 2022, down 3.01% from the $30.22 million reported in the second quarter a year ago, bringing the 2022 year-to-date net income to $56.70 million compared to $58.33 million in 2021. Excluding tax-effected PPP income, net income was a record $28.47 million for the quarter, up $1.06 million or 3.87% from the second quarter of 2021. Diluted net income per common share for the second quarter of 2022 was $1.18 ver...

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