Exhibit 99.1

1st Source  Corporation  Announces Revision to Fourth Quarter And Total Earnings
for 2002


South Bend, Ind.--Feb. 10, 2003 --1st Source Corporation  (Nasdaq:SRCE),  parent
company of 1st Source Bank, announced today that it was revising its 2002 fourth
quarter net income to $963,000 or $0.05 per diluted  share and yearly net income
to $10.04  million  or $0.47 per  diluted  share.  This is a  decrease  of $1.47
million  in net  income  for the  fourth  quarter  of 2002  over the  previously
announced figure.


The  revision  is the  result of  reductions  taken in the value of  repossessed
aircraft due to  information  becoming  available in late January 2003 about the
marketability  and  condition of certain  aircraft.  Christopher  J. Murphy III,
Chairman  and  Chief  Executive  Officer,  reported  that in the  course  of the
company's ongoing process for assessment of the value of repossessed collateral,
it was determined that the carrying value of certain repossessed aircraft should
be further  reduced by $2.36  million.  Since the after tax effect of this write
down is material in relation to the company's 2002 net income, it is appropriate
to revise the previously released fourth quarter earnings announcement.


Except for historical  information  contained  herein,  the matters discussed in
this  document  express  "forward-looking   statements."  Generally,  the  words
"believe," "expect," "intend," "estimate,"  "anticipate,"  "project," "will" and
similar  expressions  indicate  forward-looking  statements.  Those  statements,
including statements,  projections,  estimates or assumptions  concerning future
events or  performance,  and other  statements that are other than statements of
historical  fact,  are subject to material risks and  uncertainties.  1st Source
cautions readers not to place undue reliance on any forward-looking  statements,
which speak only as of the date made.  1st Source may make other written or oral
forward-looking  statements from time to time.  Readers are advised that various
important  factors could cause 1st Source's actual results or circumstances  for
future periods to differ  materially from those anticipated or projected in such
forward-looking statements. Such factors, among others, include changes in laws,
regulations or accounting  principles  generally  accepted in the United States;
1st  Source's  competitive  position  within  its  markets  served;   increasing
consolidation within the banking industry; unforeseen changes in interest rates;
unforeseen  downturns  in the local,  regional or national  economies  or in the
industries  in which 1st  Source  has  credit  concentrations;  and other  risks
discussed in 1st Source's  filings with the Securities and Exchange  Commission,
including its Annual Report on Form 10-K,  which filings are available  from the
SEC.  1st Source  undertakes  no  obligation  to  publicly  update or revise any
forward-looking statements.