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1st Source Again Ranked in Top 50 Community Banks by S&P Global

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1st Source (NASDAQ: SRCE) has achieved the #25 ranking on S&P Global Market Intelligence's Top 50 Community Banks list for institutions with $3B-$10B in assets for the second consecutive year. The ranking assessment focused on balance sheet strength, risk profile, returns, growth, and funding.

The company, with $8.9 billion in assets, maintains 77 banking centers, 18 Specialty Finance Group locations, nine Trust and Wealth Advisory Services locations, and other facilities. President Andrea Short emphasized their commitment to quality earnings, future investments, and strong balance sheet maintenance.

S&P's ranking methodology evaluated eight key metrics, including pretax return on average assets, net interest margin, efficiency ratio, operating revenue change, deposit change, nonperforming assets, net charge-offs ratio, and adjusted tangible common equity ratio, with weighted scoring between 10-25% for each metric.

1st Source (NASDAQ: SRCE) ha raggiunto il #25 nella lista delle Top 50 Community Banks di S&P Global Market Intelligence per le istituzioni con asset tra $3B e $10B per il secondo anno consecutivo. La valutazione si è concentrata sulla solidità del bilancio, il profilo di rischio, i rendimenti, la crescita e il finanziamento.

L'azienda, con $8,9 miliardi in asset, gestisce 77 centri bancari, 18 sedi del Specialty Finance Group, nove sedi di Trust e Wealth Advisory Services, e altre strutture. Il presidente Andrea Short ha sottolineato il loro impegno per guadagni di qualità, investimenti futuri e il mantenimento di un bilancio solido.

La metodologia di ranking di S&P ha valutato otto metriche chiave, tra cui il ritorno ante imposte sugli asset medi, il margine di interesse netto, il rapporto di efficienza, il cambiamento delle entrate operative, il cambiamento dei depositi, gli asset non performanti, il rapporto di cancellazioni nette e il rapporto di capitale comune tangibile rettificato, con punteggi ponderati tra il 10% e il 25% per ciascuna metrica.

1st Source (NASDAQ: SRCE) ha alcanzado el puesto #25 en la lista de Top 50 Community Banks de S&P Global Market Intelligence para instituciones con activos de $3B a $10B por segundo año consecutivo. La evaluación se centró en la solidez del balance, el perfil de riesgo, los rendimientos, el crecimiento y la financiación.

La empresa, con $8.9 mil millones en activos, mantiene 77 centros bancarios, 18 ubicaciones del Specialty Finance Group, nueve ubicaciones de Trust y Wealth Advisory Services, y otras instalaciones. La presidenta Andrea Short enfatizó su compromiso con ganancias de calidad, inversiones futuras y el mantenimiento de un balance sólido.

La metodología de clasificación de S&P evaluó ocho métricas clave, incluyendo el retorno antes de impuestos sobre activos promedio, el margen de interés neto, el ratio de eficiencia, el cambio en los ingresos operativos, el cambio en los depósitos, los activos no productivos, el ratio de cancelaciones netas y el ratio de capital común tangible ajustado, con puntuaciones ponderadas entre el 10% y el 25% para cada métrica.

1st Source (NASDAQ: SRCE)는 자산이 $3B에서 $10B인 기관을 대상으로 한 S&P Global Market IntelligenceTop 50 Community Banks 목록에서 두 번째 연속으로 #25위를 차지했습니다. 이 평가는 재무 건전성, 위험 프로필, 수익, 성장 및 자금 조달에 중점을 두었습니다.

이 회사는 $89억 달러의 자산을 보유하고 있으며, 77개의 은행 센터, 18개의 전문 금융 그룹 지점, 9개의 신탁 및 자산 관리 서비스 지점 및 기타 시설을 운영하고 있습니다. 앤드레아 쇼트 사장은 질 높은 수익, 미래 투자 및 강력한 재무 상태 유지를 위한 노력을 강조했습니다.

S&P의 순위 방법론은 평균 자산에 대한 세전 수익률, 순이자 마진, 효율성 비율, 운영 수익 변화, 예금 변화, 비수익 자산, 순 차감 비율 및 조정된 유형 공통 자본 비율 등 8가지 주요 지표를 평가하였으며, 각 지표에 대해 10%에서 25%까지 가중치를 부여했습니다.

1st Source (NASDAQ: SRCE) a obtenu la 25e place sur la liste des Top 50 Community Banks de S&P Global Market Intelligence pour les institutions ayant des actifs compris entre 3 et 10 milliards de dollars pour la deuxième année consécutive. L'évaluation s'est concentrée sur la solidité du bilan, le profil de risque, les rendements, la croissance et le financement.

L'entreprise, avec 8,9 milliards de dollars d'actifs, maintient 77 centres bancaires, 18 sites du Specialty Finance Group, neuf sites de services de fiducie et de conseil en patrimoine, ainsi que d'autres installations. La présidente Andrea Short a souligné leur engagement envers des bénéfices de qualité, des investissements futurs et le maintien d'un bilan solide.

La méthodologie de classement de S&P a évalué huit indicateurs clés, notamment le rendement avant impôts sur les actifs moyens, la marge d'intérêt nette, le ratio d'efficacité, la variation des revenus d'exploitation, la variation des dépôts, les actifs non performants, le ratio des pertes nettes et le ratio de capital commun tangible ajusté, avec une pondération comprise entre 10 % et 25 % pour chaque indicateur.

1st Source (NASDAQ: SRCE) hat im zweiten Jahr in Folge den Platz #25 auf der Liste der Top 50 Community Banks von S&P Global Market Intelligence für Institutionen mit Vermögenswerten zwischen $3B und $10B erreicht. Die Bewertung konzentrierte sich auf die Stabilität der Bilanz, das Risikoprofil, die Renditen, das Wachstum und die Finanzierung.

Das Unternehmen, das $8,9 Milliarden in Vermögenswerten verwaltet, betreibt 77 Bankzentren, 18 Standorte der Specialty Finance Group, neun Standorte für Trust- und Vermögensberatung sowie weitere Einrichtungen. Präsidentin Andrea Short betonte ihr Engagement für qualitativ hochwertige Erträge, zukünftige Investitionen und die Aufrechterhaltung einer soliden Bilanz.

Die Ranking-Methodologie von S&P bewertete acht wichtige Kennzahlen, darunter die Vorsteuer-Rendite auf durchschnittliche Vermögenswerte, die Nettozinsmarge, das Effizienzverhältnis, die Veränderung der Betriebseinnahmen, die Veränderung der Einlagen, nicht leistungsfähige Vermögenswerte, das Verhältnis der Nettobuchverluste und das angepasste Verhältnis des materiellen Eigenkapitals, wobei für jede Kennzahl eine Gewichtung zwischen 10% und 25% verwendet wurde.

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S&P Global Market Intelligence's Top 50 Community Banks $3B-$10B

South Bend, Indiana--(Newsfile Corp. - April 3, 2025) - 1st Source Corporation (NASDAQ: SRCE) is pleased to announce that they ranked #25 on S&P Global Market Intelligence's Top 50 Community Banks list of institutions with $3B-$10B in assets. This is the second year in a row that they've made the list of best-performing community banks. When determining the list, S&P put a special emphasis on the strength and risk profile of each financial institution's balance sheets while also considering their returns, growth, and funding.

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"1st Source is very pleased to be included in this list for a second year in a row," said Andrea Short, President of 1st Source Corporation, and President and CEO of 1st Source Bank. "It highlights our focus on quality earnings, investing for the future, and building a strong balance sheet. Our colleagues are committed to serving our clients well for the long term. I am proud of the way our colleagues consistently deliver on our mission to help our clients achieve security, build wealth, and realize their dreams, while also supporting our shareholders and each other in the process."

S&P Global Market Intelligence rankings were launched in 2011 to assess the performance of banks and credit unions. According to their ranking analysis, they "calculated scores for each company based on eight metrics: pretax return on average assets, net interest margin, efficiency ratio, 3-year average operating revenue change, 8-quarter average deposit change, nonperforming assets and loans 90 days or more past due as a percentage of total assets, net charge-offs-to-average loans and leases ratio, and adjusted tangible common equity-to-tangible assets ratio weighted at 25%, 10%, 10%, 10%, 10%, 10%, 10% and 15%, respectively. Each company's standard deviation from the industry mean was calculated for every ranking metric, weighted, then combined to derive a performance score. To help normalize the data and mitigate the impact of outliers, caps and floors were applied for each metric."

A full list of the rankings can be found here: S&P Global Market Intelligence

1st Source Corporation, parent company of 1st Source Bank, has assets of $8.9 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 77 banking centers, 18 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 10 1st Source Insurance offices, and three loan production offices. For more than 160 years, 1st Source has been committed to our mission of helping our clients achieve security, build wealth and realize their dreams. For more information, visit https://www.1stsource.com/.

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SOURCE STRING: 1st Source Corporation

Contact:
Hannah Nichols 
NicholsHa@1stsource.com
574-235-2128

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247278

FAQ

What ranking did 1st Source (SRCE) achieve in S&P Global's 2025 Top 50 Community Banks list?

1st Source (SRCE) ranked #25 on S&P Global Market Intelligence's Top 50 Community Banks list for institutions with $3B-$10B in assets.

How many consecutive years has SRCE been included in S&P Global's Top 50 Community Banks list?

SRCE has made S&P Global's Top 50 Community Banks list for two consecutive years.

What are the key metrics S&P Global used to evaluate SRCE's ranking?

S&P evaluated eight metrics including pretax return on assets, net interest margin, efficiency ratio, operating revenue change, deposit change, nonperforming assets, net charge-offs ratio, and tangible common equity ratio.

What is the current asset size of 1st Source (SRCE) as of 2025?

1st Source has assets of $8.9 billion and is the largest locally controlled financial institution in the northern Indiana-southwestern Michigan area.

How many banking centers and specialty locations does SRCE currently operate?

SRCE operates 77 banking centers, 18 Specialty Finance Group locations, 9 Trust and Wealth Advisory Services locations, 10 insurance offices, and 3 loan production offices.
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