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1st Source Bank has been named one of America's Best Banks by Forbes, ranking #14 in the Top 100 U.S. Banks and the top bank in Indiana. This recognition is based on various financial metrics and stock performance, highlighting the bank's commitment to building a strong balance sheet and sustainable earnings. 1st Source , the parent company, boasts assets of $8.7 billion and is a leading financial institution in the Indiana-southwestern Michigan area.
La 1st Source Bank è stata nominata una delle migliori banche americane da Forbes, classificandosi al 14° posto tra le prime 100 banche degli Stati Uniti e come la banca principale in Indiana. Questo riconoscimento si basa su varie metriche finanziarie e performance azionarie, evidenziando l'impegno della banca nella costruzione di un bilancio solido e di guadagni sostenibili. 1st Source, la società madre, vanta attivi per 8,7 miliardi di dollari ed è un'istituzione finanziaria leader nell'area dell'Indiana e del sud-ovest del Michigan.
El 1st Source Bank ha sido nombrado uno de los mejores bancos de América por Forbes, ocupando el puesto #14 en el Top 100 de Bancos de EE. UU. y el banco más destacado de Indiana. Este reconocimiento se basa en diversas métricas financieras y rendimiento de acciones, destacando el compromiso del banco con la construcción de un balance general fuerte y ganancias sostenibles. 1st Source, la compañía matriz, cuenta con activos de $8.7 mil millones y es una institución financiera líder en la zona de Indiana-suroeste de Michigan.
1st Source Bank은 포브스에 의해 미국 최고의 은행 중 하나로 명명되었으며, 미국 상위 100개 은행 중 14위를 차지했고 인디애나에서는 최고의 은행으로 선정되었습니다. 이 인정은 다양한 금융 지표와 주식 성능을 기반으로 하며, 은행의 강력한 대차대조표 구축과 지속 가능한 수익 창출을 위한 헌신을 강조합니다. 모기업인 1st Source는 87억 달러의 자산을 보유하고 있으며 인디애나-남서부 미시간 지역의 선도적 금융 기관입니다.
La 1st Source Bank a été nommée l'une des meilleures banques d'Amérique par Forbes, se classant 14ème dans le Top 100 des banques américaines et la banque la plus importante de l'Indiana. Cette reconnaissance repose sur diverses mesures financières et la performance boursière, soulignant l'engagement de la banque à établir un bilan solide et des gains durables. 1st Source, la société mère, possède des actifs de 8,7 milliards de dollars et est une institution financière de premier plan dans la région de l'Indiana et du sud-ouest du Michigan.
Die 1st Source Bank wurde von Forbes als eine der besten Banken Amerikas ausgezeichnet und belegt Platz #14 unter den Top 100 US-Banken und ist die führende Bank in Indiana. Diese Anerkennung basiert auf verschiedenen finanziellen Kennzahlen und Aktienleistung, was das Engagement der Bank für den Aufbau einer starken Bilanz und nachhaltiger Erträge hervorhebt. 1st Source, das Mutterunternehmen, verfügt über Vermögenswerte in Höhe von 8,7 Milliarden Dollar und ist eine führende Finanzinstitution im Bereich Indiana-südwestliches Michigan.
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Ranked #14 in Top 100 U.S. Banks and Top Bank in Indiana
South Bend, Indiana--(Newsfile Corp. - April 26, 2024) - 1st Source Bank is pleased to announce their #14 ranking on Forbes' America's Best Banks list. The list, according to Forbes includes 100 of the nation's top banks, based on 10 financial metrics "measuring growth, credit quality and profitability for the 2023 calendar year, as well as stock performance in the 12 months through March 18, 2024." 1st Source is one of only five banks based in Indiana that made the list, and the only bank in Indiana that ranked in the top 15.
"To be ranked the 14th Best Bank in America and the top bank in Indiana by Forbes is an honor," said Chris J Murphy III, Chairman, President, and Chief Executive Officer of 1st Source Corporation (NASDAQ: SRCE) and Chairman of 1st Source Bank. "It is a result of the long-standing commitment we have made to building a fortress-like balance sheet and quality sustainable earnings while staying true to our mission of helping our clients achieve security, build wealth, and realize their dreams. Since we became independent again in 1971, our successive bank leaders, most recently Andrea Short as current President and CEO of the bank, have lived this commitment and delivered on our mission. I am proud of the work done by our incredible team over the years to serve our clients while prioritizing metrics such as growth, credit quality, and performance. We especially appreciate this recognition during a challenging year for the banking industry as a whole."
The 15th annual America's Best Banks List is compiled from analyzing the 200 largest publicly-trade 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." To view the entire list, click here: America's Best Banks 2024 (forbes.com).
1st Source Corporation, parent company of 1st Source Bank, has assets of $8.7 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 78 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/.
What ranking did 1st Source Bank achieve on Forbes' America's Best Banks list?
1st Source Bank achieved the 14th ranking on Forbes' America's Best Banks list.
What are the key financial metrics considered by Forbes in ranking the banks?
Forbes considers 10 financial metrics including net interest margin, return on average tangible common equity, efficiency ratio, and operating revenue growth.
Who is the Chairman, President, and CEO of 1st Source ?
Chris J Murphy III serves as the Chairman, President, and CEO of 1st Source
What is the total assets of 1st Source ?
1st Source has assets of $8.7 billion.
How long has 1st Source Bank been committed to its mission?
1st Source Bank has been committed to helping clients achieve security, build wealth, and realize their dreams for more than 160 years.
founded in 1863 in south bend, indiana, 1st source has offered clients a convenient and friendly way to bank for over 150 years. at 1st source, we’ll listen to you, understand your needs and always keep your best interests in mind. we are a top rated bank and have been recognized for our integrity and the exceptional services we provide to our clients. global and national recognition: 5 star “superior” rating from bauerfinancial – highest rating possible. based on capital ratio, profitability/loss trend, credit quality and cra ratings named to bank honor roll of superior performers by kbw, inc., 2012 - 2015 bank performance scorecard by bank director magazine - #8 of 93 banks on 2014 list, based on profitability, capital strength and credit quality bank director magazine nifty fifty, #43 on 2014 list of best users of capital based on profitability and capital strength top 15th percentile of community banks by seifried & brew the bank remains the largest locally controlled fi
