1st Source Corporation Executive Succession Plan

1st Source Corporation announced a significant leadership transition effective October 1, 2025. Christopher J. Murphy III, the current Chairman and CEO, will step down from his CEO role and assume the position of Executive Chairman. Andrea G. Short, currently President of 1st Source Corporation and CEO of 1st Source Bank, will be promoted to CEO of 1st Source Corporation while retaining her role as CEO of the Bank. Kevin C. Murphy, currently Executive Vice President and Chief Digital Officer, will be promoted to President of 1st Source Bank. Brett A. Bauer, Senior Vice President, Chief Financial Officer, and Treasurer, will be promoted to Executive Vice President, Chief Financial Officer, and Treasurer. These changes are part of a long-term succession strategy aimed at ensuring the company's continued success and growth. The transitions are expected to be accompanied by amended employment agreements for the promoted executives.