1st Source Corp. has been named one of the top 50 community banks in the country by S&P Global Market Intelligence for the second consecutive year.
The South Bend-based financial institution ranked No. 25 on the 2024 list, which evaluates U.S. community banks with assets between $3 billion and $10 billion. The ranking is based on eight performance metrics, including pretax return on average assets, deposit growth, net charge-offs, and capital strength.
“1st Source is very pleased to be included in this list for a second year in a row,” Andrea Short, president of 1st Source Corporation, and president and CEO of 1st Source Bank, said. “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 launched the rankings in 2011 to provide a data-driven view of the performance of banks and credit unions. The methodology emphasizes the strength and risk profile of balance sheets, as well as returns and growth.
A full list of the rankings can be found here: S&P Global Market Intelligence.
