1st Source Bank was named to Forbes’ America’s Best Banks list for the third consecutive year, ranking No. 11 among the top 100 U.S. banks.
The annual list evaluates the 200 largest publicly traded banks and thrifts based on metrics including growth, profitability and credit quality.
“Receiving this award for the third consecutive year is truly an honor,” Andrea Short, CEO of 1st Source Bank and president & CEO of 1st Source Corporation, said. “This accomplishment speaks volumes about our longstanding dedication to ensuring financial stability, while staying true to our mission of Helping Our Clients Achieve Security, Build Wealth, and Realize Their Dreams ™. Ranking number 11 among the impressive list of other financial institutions is especially meaningful — it’s a testament to the way our colleagues embody our core values each and every day. Their efforts consistently drive long-term growth, uphold credit quality, and enhance our overall performance.”
The 17th annual ranking is based on 10 equally weighted financial metrics, including net interest margin, return on average tangible common equity, return on average assets, CET1 ratio, efficiency ratio and nonperforming assets as a percentage of total assets.
