1st Source Corporation (NASDAQ:SRCE) was named to Forbes America's Best Banks for the third consecutive year, rising to #11 out of 100 ranked U.S. banks on March 24, 2026. Forbes used 10 equally weighted metrics including growth, profitability, and credit quality.
The company reported assets of $9.1 billion and operates 78 banking centers plus specialty finance, trust, wealth advisory, insurance, and loan production offices across its footprint.
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Positive
Ranked #11 on Forbes America's Best Banks list
Third consecutive year on Forbes list
$9.1 billion in reported assets
Negative
None.
News Market Reaction – SRCE
+0.43%
+0.43%Session close to close
In the Mar 24 session, SRCE gained 0.43%, reflecting a mild positive market reaction.
This announcement highlights SRCE’s inclusion at #11 on Forbes’ America’s Best Banks list, drawn fro...
Analysis
This announcement highlights SRCE’s inclusion at #11 on Forbes’ America’s Best Banks list, drawn from the 200 largest publicly traded banks and thrifts and based on 10 credit and profitability metrics. It reinforces the company’s scale, with $9.1 billion in assets and 78 banking centers. Investors may watch how future earnings, credit quality, and efficiency trends align with the strengths implied by this recognition.
Key Figures
Forbes rank:#11 of 100 U.S. banksList size:100 banksList edition:17th annual+5 more
8 metrics
Forbes rank#11 of 100 U.S. banks2026 Forbes America's Best Banks list
List size100 banksForbes America's Best Banks ranking universe
List edition17th annualAmerica's Best Banks list history
Screened universe200 banks and thriftsLargest publicly traded U.S. banks analyzed by assets
Total assets$9.1 billion1st Source Corporation asset size
Banking centers78 centers1st Source Bank locations
Specialty finance locations15 locations1st Source Bank Specialty Finance Group
Record Q3 2025 results with higher EPS and increased dividend.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
News-driven moves have mostly aligned with the underlying tone; one recent record-earnings release saw a short-term divergence despite strong fundamentals.
Recent Company History
Recent news for SRCE has highlighted strong financial performance and stable leadership. In October 2025 and January 2026, the company reported record quarterly and annual results with higher net income and EPS, plus dividend increases. Management updates in November 2025 and an executive retirement in December 2025 reflected orderly succession planning. Against this backdrop of solid profitability and conservative credit metrics, recognition on Forbes’ list reinforces the bank’s positioning among regional peers.
Key Terms
net interest margin, return on average tangible common equity, return on average assets, cet1 ratio, +4 more
8 terms
net interest marginfinancial
"Forbes lists the 10 equally-weighted financial metrics as "net interest margin; return..."
Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.
return on average tangible common equityfinancial
"metrics as "net interest margin; return on average tangible common equity; return on..."
A profitability ratio that shows how much profit common shareholders earn from the bank’s tangible equity — the shareholder capital left after removing goodwill, intangible assets and preferred stock — averaged over a period. Investors use it like a yield on the company’s real, hard capital to judge how efficiently management turns those tangible resources into earnings and to compare returns across banks or over time.
return on average assetsfinancial
"tangible common equity; return on average assets; CET1 ratio; efficiency ratio..."
Return on average assets (ROAA) measures how efficiently a company turns its assets into profit by comparing profit after expenses to the average value of its assets over a period (usually the average of beginning and ending assets). It matters to investors because it shows how well management uses the company’s resources to generate returns—think of it as how much profit a baker earns from the oven space they actually used over time.
cet1 ratiofinancial
"equity; return on average assets; CET1 ratio; efficiency ratio; nonperforming assets..."
CET1 ratio measures a bank's core equity capital (the most loss-absorbing funds like common stock and retained earnings) relative to the size of its risk-adjusted assets. It shows how big the bank's financial cushion is compared with what it has on its books; a higher ratio means greater ability to absorb losses, lower regulatory risk, and generally more investor confidence in the bank's stability.
efficiency ratiofinancial
"average assets; CET1 ratio; efficiency ratio; nonperforming assets as a percentage..."
A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.
nonperforming assetsfinancial
"efficiency ratio; nonperforming assets as a percentage of total assets; reserves..."
Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.
risk-based capital ratiofinancial
"reserves as a percentage of total assets; risk-based capital ratio; operating..."
A risk-based capital ratio compares a financial firm's capital (the cushion of money it can lose without collapsing) to its assets after those assets are scaled up or down based on how risky they are. Think of it like measuring how strong a boat's lifeboats are relative to how stormy the water is—higher ratios mean a bigger safety buffer. Investors use it to judge a bank or insurer's ability to survive losses and to predict regulatory pressure or limits on dividends and growth.
net charge-offsfinancial
"operating revenue growth; and net charge-offs as a percentage of total loans."
Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.
South Bend, Indiana--(Newsfile Corp. - March 24, 2026) - 1st Source Bank was named once again to Forbes' America's Best Banks list, moving up to the 11th spot out of 100. Forbes looks at metrics that measure growth, profitability, and credit quality to gain their list of the 100 strongest publicly-traded banks and thrifts.
"Receiving this award for the third consecutive year is truly an honor," said Andrea Short, CEO of 1st Source Bank and President & CEO of 1st Source Corporation. "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 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 2026 America's Best Banks List | Top Ranked and Rated
1st Source Corporation, parent company of 1st Source Bank, has assets of $9.1 billion and is the largest locally controlled financial institution headquartered in the northern Indiana-southwestern Michigan area. The Corporation includes 78 banking centers, 15 1st Source Bank Specialty Finance Group locations nationwide, nine Trust and Wealth Advisory Services locations, 13 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 does 1st Source (SRCE) being ranked #11 on Forbes America's Best Banks mean for investors?
It signals strong comparative performance across key bank metrics, boosting investor confidence in stability. According to the company, Forbes assessed growth, profitability and credit quality using 10 equally weighted metrics derived from S&P Global Market Intelligence.
How significant is 1st Source's third consecutive appearance on Forbes America's Best Banks (SRCE) in 2026?
A third straight year suggests consistent financial strength and risk management at the bank. According to the company, the repeat inclusion reflects sustained performance across metrics such as ROA, CET1 ratio, and nonperforming assets.
What assets and footprint did 1st Source Corporation (SRCE) report with the Forbes award on March 24, 2026?
The company reported total assets of $9.1 billion and a regional branch network. According to the company, its operations include 78 banking centers, specialty finance locations, trust and wealth advisory offices, insurance offices, and loan production offices.
Which metrics did Forbes use to rank 1st Source (SRCE) among America's Best Banks in 2026?
Forbes used 10 equally weighted metrics including net interest margin and return on average assets. According to the company, other measures included CET1 ratio, efficiency, nonperforming assets, reserves, risk-based capital, revenue growth and net charge-offs.
When was 1st Source (SRCE) named to Forbes America's Best Banks list and where can investors view the ranking?
The announcement was made on March 24, 2026, listing 1st Source at #11 among 100 banks. According to the company, the full Forbes 2026 America's Best Banks list is publicly available on Forbes' website.
