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Executive Chairman at 1st Source (SRCE) begins cancer treatment, works remotely

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

1st Source Corporation disclosed that Executive Chairman Christopher J. Murphy III is undergoing treatment for bladder cancer and will work remotely and avoid public contact for at least the next nine weeks. In a letter to shareholders, he emphasized that the cancer is being managed rather than eradicated and that he plans to work as much as possible during a new chemotherapy protocol.

Murphy highlighted that the company and 1st Source Bank benefit from strong, consistent executive leadership, naming CEO Andrea Short, Bank President Kevin Murphy, and CFO Brett Bauer as key leaders guiding a strong tactical plan for 2026 and a three-year strategic plan. He expressed confidence in the leadership team and the company’s long-term mission to serve clients and communities.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): February 23, 2026

1st Source Corporation
(Exact name of registrant as specified in its charter)
Indiana
0-623335-1068133
(State or other jurisdiction of incorporation)(Commission File No.)(I.R.S. Employer Identification No.)

100 North Michigan Street, South Bend, Indiana 46601
(Address of principal executive offices)     (Zip Code)

574-235-2000
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock - without par valueSRCEThe NASDAQ Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



ITEM 8.01    Other Events.

On February 23, 2026, Christopher J. Murphy III, Executive Chairman of 1st Source Corporation (the “Company”) and 1st Source Bank (the “Bank”) announced to shareholders of the Company that he is undergoing cancer treatment and plans to work remotely for at least the next nine weeks.

A copy of the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.

ITEM 9.01    Financial Statements and Exhibits.

(d) Exhibits:

99.1    Letter to Shareholders of the Company drafted on February 23, 2026 by Christopher J. Murphy III,
Executive Chairman of the Board of the Company and the Bank.


104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

1st SOURCE CORPORATION
(Registrant)
Date: February 23, 2026/s/ Brett A. Bauer
Brett A. Bauer
Treasurer and Chief Financial Officer
Principal Accounting Officer



Exhibit 99.1

Dear Fellow Shareholders,

As I reflect on the last five months since I moved into the Executive Chairman’s role, I couldn’t be more pleased. We had a very good year financially and entered 2026 with a strong annual tactical plan and a promising three-year strategic plan that continues to focus on helping our clients achieve security, build wealth and realize their dreams while working to ensure that the bank can be here for another 160 years.
The company and the bank continue to benefit from strong, consistent executive leadership. Under Andrea Short’s direction as CEO of the holding company and Bank, alongside Kevin Murphy, President of the Bank and Brett Bauer Executive Vice President and Chief Financial Officer of both, our future is in great hands. These are colleagues who believe in our mission, live our values every day and have delivered on our commitments to our clients, our communities and each of you. I know they will lead the company and the bank well.
I wanted you to know that over the past two years I have been undergoing various treatments for bladder cancer. For periods of time that cancer has been in remission. I have been able to work during most of the time I have been undergoing treatments. This cancer will be with me for the rest of my life, and it is to be managed, not eradicated. Now the cancer has returned, and I am starting a new chemo protocol that will keep me working remotely out of the bank and out of public contact for at least the next 9 weeks. However, I am optimistic about this protocol and plan to work as much as possible throughout these treatments.
I am blessed to work with talented colleagues, a strong executive leadership team and a committed board who believe in our values. They are committed to 1st Source being a strong community bank helping our clients and the communities we serve achieve security, build wealth, and realize their dreams!
I appreciate your prayers and support. You can be sure I will continue to try to do what is best for the bank, for our family, for our colleagues, and for you.
Yours,
Chris
Christopher J. Murphy III
Executive Chairman


FAQ

What did 1st Source Corporation (SRCE) disclose about its Executive Chairman?

1st Source Corporation disclosed that Executive Chairman Christopher J. Murphy III is undergoing bladder cancer treatment and will work remotely. He expects to remain engaged in his role while following a new chemotherapy protocol over at least the next nine weeks.

Will 1st Source Corporation’s Executive Chairman continue working during cancer treatment?

Yes. Christopher J. Murphy III stated he plans to work as much as possible during treatment. He will work remotely and stay out of public contact for at least nine weeks while following a new chemotherapy protocol.

Who are the key leaders mentioned at 1st Source Corporation (SRCE) and 1st Source Bank?

The letter highlights Andrea Short as CEO of the holding company and Bank, Kevin Murphy as President of the Bank, and Brett Bauer as Executive Vice President and Chief Financial Officer, describing them as a strong, consistent executive leadership team.

How does 1st Source Corporation describe its recent financial and strategic position?

The company notes it had a very good financial year and entered 2026 with a strong annual tactical plan and a promising three-year strategic plan focused on client security, wealth building, and long-term community banking stability.

What is the long-term outlook described by 1st Source Corporation’s Executive Chairman?

Christopher J. Murphy III emphasizes a mission to help clients and communities achieve security and build wealth while working to ensure the bank can continue operating successfully for another 160 years as a strong community institution.

What exhibit accompanied the 1st Source Corporation (SRCE) 8-K filing?

The filing included Exhibit 99.1, a letter to shareholders from Executive Chairman Christopher J. Murphy III dated February 23, 2026, and Exhibit 104, the cover page interactive data file embedded within the Inline XBRL document.

Filing Exhibits & Attachments

4 documents
1St Source

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