1ST SOURCE Business Summary

1st Source Corp (SRCE) is a diversified financial services holding company that generates revenue primarily through net interest income from a specialized loan and lease portfolio and noninterest income from wealth management, insurance, and specialty finance fees. The company operates through four primary business segments: Community Banking, providing commercial and consumer services across Indiana, Michigan, and Florida; the Specialty Finance Group, which offers national niche financing for aircraft, construction equipment, and vehicle fleets; Wealth Advisory Services; and 1st Source Insurance. As a high-performing regional institution with over $9 billion in assets, 1st Source maintains a unique market position by combining local community banking with a national specialty lending footprint, competing directly with regional peers such as First Busey Corp (BUSE), First Merchants Corp (FRME), First Financial Bancorp (FFBC), and Community Trust Bancorp (CTBI). Tracing its roots to 1863, the company is defined by the multi-generational stewardship of the Murphy family, with Christopher J. Murphy III currently serving as Executive Chairman after more than 50 years of leadership and a tenure as a Class A Director for the Federal Reserve Bank of Chicago. The executive team is led by Andrea G. Short, who serves as President and CEO of the corporation following her successful tenure as CFO, and Brett A. Bauer, who serves as Executive Vice President, CFO, and Treasurer. Kevin C. Murphy, representing the fourth generation of family leadership, serves as President of 1st Source Bank. The Board of Directors includes high-pedigree members such as Lead Independent Director Mark D. Schwabero (former Chairman and CEO of Brunswick Corp) and John F. Affleck-Graves (CFO Emeritus of the University of Notre Dame), underscoring a leadership structure rooted in both industrial expertise and academic finance.