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1st Source Bank Named One of America's Best Banks by Forbes

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1st Source Bank (NASDAQ: SRCE) has achieved a notable ranking of #26 on Forbes' America's Best Banks list for 2025. The bank is one of only three Indiana-based institutions to make this prestigious top 100 ranking, marking their second consecutive year on the list.

The evaluation was based on 10 key metrics measuring growth, credit quality, and profitability for the period ending September 30, 2024, along with stock performance through January 10, 2025. The metrics include net interest margin, return on average assets, CET1 ratio, efficiency ratio, and operating revenue growth among others.

Currently, 1st Source manages assets of $8.9 billion and operates 77 banking centers, 18 Specialty Finance Group locations, 9 Trust and Wealth Advisory Services locations, and various other facilities across northern Indiana and southwestern Michigan, maintaining its position as the largest locally controlled financial institution in the region.

1st Source Bank (NASDAQ: SRCE) ha raggiunto un notevole traguardo classificandosi al #26 nella lista dei Migliori Banche d'America di Forbes per il 2025. La banca è una delle sole tre istituzioni con sede in Indiana ad entrare in questa prestigiosa classifica delle prime 100, segnando il loro secondo anno consecutivo nella lista.

La valutazione si è basata su 10 metriche chiave che misurano la crescita, la qualità del credito e la redditività per il periodo che termina il 30 settembre 2024, insieme alla performance azionaria fino al 10 gennaio 2025. Le metriche includono il margine di interesse netto, il ritorno sugli attivi medi, il rapporto CET1, il rapporto di efficienza e la crescita dei ricavi operativi, tra le altre.

Attualmente, 1st Source gestisce attivi per 8,9 miliardi di dollari e opera 77 centri bancari, 18 sedi del Gruppo Finanza Specializzata, 9 sedi di Servizi Fiduciari e di Consulenza Patrimoniale e varie altre strutture nel nord dell'Indiana e nel sud-ovest del Michigan, mantenendo la sua posizione come la più grande istituzione finanziaria controllata localmente nella regione.

1st Source Bank (NASDAQ: SRCE) ha logrado un notable puesto #26 en la lista de los Mejores Bancos de América de Forbes para 2025. El banco es una de las tres instituciones con sede en Indiana que han alcanzado esta prestigiosa clasificación entre las 100 mejores, marcando su segundo año consecutivo en la lista.

La evaluación se basó en 10 métricas clave que miden el crecimiento, la calidad crediticia y la rentabilidad para el período que finaliza el 30 de septiembre de 2024, junto con el rendimiento de las acciones hasta el 10 de enero de 2025. Las métricas incluyen el margen de interés neto, el retorno sobre activos promedio, el ratio CET1, el ratio de eficiencia y el crecimiento de los ingresos operativos, entre otros.

Actualmente, 1st Source gestiona activos por un total de 8.9 mil millones de dólares y opera 77 centros bancarios, 18 ubicaciones del Grupo de Finanzas Especializadas, 9 ubicaciones de Servicios Fiduciarios y de Asesoría Patrimonial, y diversas otras instalaciones en el norte de Indiana y el suroeste de Michigan, manteniendo su posición como la mayor institución financiera controlada localmente en la región.

1st Source Bank (NASDAQ: SRCE)는 2025년 포브스의 미국 최고의 은행 목록에서 26위에 오르는 괄목할 만한 성과를 달성했습니다. 이 은행은 인디애나에 본사를 둔 세 개의 기관 중 하나로, 이 권위 있는 100대 목록에 이름을 올리며 두 번째 연속해 리스트에 포함되었습니다.

평가는 2024년 9월 30일 종료된 기간 동안의 성장, 신용 품질 및 수익성을 측정하는 10가지 주요 지표를 기반으로 하였으며, 2025년 1월 10일까지의 주식 성과도 포함되었습니다. 이 지표에는 순이자 마진, 평균 자산 수익률, CET1 비율, 효율성 비율 및 운영 수익 성장 등이 포함됩니다.

현재 1st Source는 89억 달러의 자산을 관리하고 있으며, 77개의 은행 센터, 18개의 전문 금융 그룹 위치, 9개의 신탁 및 자산 자문 서비스 위치, 그리고 북부 인디애나와 남서부 미시간 전역의 다양한 시설을 운영하고 있으며, 이 지역에서 가장 큰 지역 통제 금융 기관으로서의 입지를 유지하고 있습니다.

1st Source Bank (NASDAQ: SRCE) a atteint un classement remarquable de #26 sur la liste des Meilleures Banques d'Amérique de Forbes pour 2025. La banque est l'une des trois institutions basées dans l'Indiana à figurer dans ce prestigieux classement des 100 meilleures, marquant sa deuxième année consécutive sur la liste.

L'évaluation était basée sur 10 indicateurs clés mesurant la croissance, la qualité du crédit et la rentabilité pour la période se terminant le 30 septembre 2024, ainsi que sur la performance des actions jusqu'au 10 janvier 2025. Les indicateurs incluent la marge d'intérêt nette, le retour sur actifs moyens, le ratio CET1, le ratio d'efficacité et la croissance des revenus opérationnels, entre autres.

Actuellement, 1st Source gère des actifs de 8,9 milliards de dollars et opère 77 centres bancaires, 18 emplacements du Groupe de Financement Spécialisé, 9 emplacements de Services de Fiducie et de Conseil Patrimonial, ainsi que diverses autres installations dans le nord de l'Indiana et le sud-ouest du Michigan, maintenant sa position en tant que plus grande institution financière contrôlée localement dans la région.

1st Source Bank (NASDAQ: SRCE) hat einen bemerkenswerten Platz #26 auf der Forbes-Liste der besten Banken Amerikas für 2025 erreicht. Die Bank ist eine von nur drei in Indiana ansässigen Institutionen, die es in diese prestigeträchtige Top-100-Liste geschafft hat, was ihr zweites aufeinanderfolgendes Jahr in der Liste markiert.

Die Bewertung basierte auf 10 wichtigen Kennzahlen, die Wachstum, Kreditqualität und Rentabilität für den Zeitraum bis zum 30. September 2024 messen, sowie auf der Aktienperformance bis zum 10. Januar 2025. Zu den Kennzahlen gehören die Nettzinsmarge, die Rendite auf durchschnittliche Vermögenswerte, das CET1-Verhältnis, die Effizienzquote und das Wachstum der Betriebseinnahmen, unter anderem.

Derzeit verwaltet 1st Source Vermögenswerte in Höhe von 8,9 Milliarden Dollar und betreibt 77 Bankzentren, 18 Standorte der Specialty Finance Group, 9 Standorte für Treuhand- und Vermögensberatung sowie verschiedene andere Einrichtungen im Norden von Indiana und im Südwesten von Michigan und behauptet damit seine Position als die größte lokal kontrollierte Finanzinstitution in der Region.

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Ranked #26 in Top 100 U.S. Banks

South Bend, Indiana--(Newsfile Corp. - February 27, 2025) - 1st Source Bank (NASDAQ: SRCE) is pleased to announce that they were once again named to Forbes' America's Best Banks list, taking the 26th spot out of 100. According to Forbes, they look at "10 metrics measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025." 1st Source is one of only three banks in Indiana to make this year's list.

"We are honored to receive recognition as one of America's Best Banks for the second year in a row," said Andrea Short, President and CEO of 1st Source Bank and President of 1st Source Corporation. "To rank number 26 on such a prestigious list of competitors is a testament to our colleagues' commitment to living out our mission to help our clients achieve security, build wealth, and realize their dreams. I am proud of our long history of serving our clients well while reinforcing our stability as a financial institution in the areas of growth, credit quality and performance."

The 16th annual America's Best Banks list is compiled from analyzing the 200 largest publicly traded U.S. banks and thrifts by assets. Forbes lists the 10 equally-weighted financial metrics as "net interest margin; return on average tangible common equity; return on average assets; CET1 ratio; efficiency ratio; nonperforming assets as a percentage of total assets; reserves as a percentage of total assets; risk-based capital ratio; operating revenue growth; and net charge-offs as a percentage of total loans." While S&P Global Market Intelligence provides the data, the rankings are done separately by Forbes. The entire list can be viewed here: Forbes 2025 America's Best Banks.

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America's Best Banks

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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/.

###

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

SOURCE STRING: 1st Source Corporation

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242671

FAQ

What ranking did 1st Source Bank (SRCE) achieve in Forbes' America's Best Banks 2025 list?

1st Source Bank ranked #26 out of 100 banks in Forbes' America's Best Banks 2025 list.

How many banking centers and assets does 1st Source Bank (SRCE) currently operate?

1st Source Bank operates 77 banking centers with total assets of $8.9 billion.

What metrics did Forbes use to evaluate SRCE for the 2025 Best Banks ranking?

Forbes evaluated 10 metrics including net interest margin, return on assets, CET1 ratio, efficiency ratio, nonperforming assets, and operating revenue growth.

How many Indiana banks made it to Forbes' 2025 Best Banks list alongside SRCE?

1st Source Bank was one of only three Indiana-based banks to make Forbes' 2025 Best Banks list.

What is the geographical presence of 1st Source Bank (SRCE) in 2025?

SRCE operates across northern Indiana and southwestern Michigan as the largest locally controlled financial institution in the region.

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