How Short was paid
$2.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Christopher J. Murphy IIIExecutive Chairman, 1st Source Corporation and 1st Source Bank | $855,385 | $1,003,281 | $999,650 | $190,281 | $3,048,597 |
| Andrea G. ShortPresident and Chief Executive Officer, 1st Source Corporation and 1st Source Bank | $526,346 | $1,054,977 | $476,150 | $133,091 | $2,190,564 |
| Kevin C. MurphyExecutive Vice President, 1st Source Corporation and President, 1st Source Bank | $396,538 | $872,579 | $369,550 | $43,199 | $1,681,866 |
| Jeffrey L. BuhrExecutive Vice President and Chief Credit Officer, 1st Source Bank | $411,154 | $103,216 | $384,400 | $53,963 | $952,733 |
| Brett A. BauerExecutive Vice President, Treasurer and Chief Financial Officer, 1st Source Corporation | $331,923 | $383,993 | $367,550 | $43,579 | $1,127,045 |
What changed and why
- $158.3MThe Company achieved net income of $158.3 million in 2025, representing a 19.3% increase from 2024.
- Andrea G. Short assumed the role of President and Chief Executive Officer during 2025.
- $2.2MTotal compensation for CEO Andrea G. Short was $2,190,564 for fiscal year 2025.
- $934KStock awards for the CEO included promotion-related grants totaling $934,452 in fair value.
- 19.6%The Company earned $6.41 per share, reflecting a 19.6% increase over the previous year.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.