1st Source Makes KBW Bank Honor Roll for 7th Consecutive Year

Rhea-AI Summary

1st Source Corporation (NASDAQ: SRCE) has been named to the prestigious KBW Bank Honor Roll for the seventh consecutive year, positioning itself among just 16 elite U.S. banks representing the top 5% of eligible institutions. To qualify, banks must have assets exceeding $500 million and demonstrate either consistent earnings growth over the past decade or rank in the top 5% based on 10-year EPS CAGR.

The company, with $9.0 billion in assets, is the largest locally controlled financial institution in the northern Indiana-southwestern Michigan area. 1st Source operates 78 banking centers, 18 Specialty Finance Group locations, 9 Trust and Wealth Advisory Services locations, 10 insurance offices, and 3 loan production offices.

Positive

• Achieved KBW Bank Honor Roll recognition for 7 consecutive years
• Ranks among top 5% of eligible U.S. banks for long-term performance
• Demonstrates consistent earnings growth over the past decade
• Maintains strong regional presence with $9.0 billion in assets

Negative

• None.

Among 16 U.S. banks with the strongest/most consistent earnings growth

South Bend, Indiana--(Newsfile Corp. - May 15, 2025) - 1st Source (NASDAQ: SRCE) is pleased to announce that it made the annual Bank Honor Roll by Keefe, Bruyette & Woods, Inc. (KBW) for the seventh consecutive year. They are among just 16 U.S. Banks on the list, placing its long-term performance among the top 5% of eligible banks in the United States. To be eligible, Banks must have more than $500 million in total assets and meet at least one of two criteria: consistent earnings growth over each of the past 10 years, and/or the top 5% of eligible banks based on a 10-year earnings per share (EPS) compounded annual growth rate (CAGR).

"To be named among just 16 elite banks in the United States for the seventh year in a row speaks volumes for 1st Source's mission," said Andrea Short, President and CEO of 1st Source Bank and President of parent company, 1st Source Corporation. "It is a welcome proof point that helping our clients achieve security, build wealth, and realize their dreams coincides with strong financial performance. When we help our clients and our communities, we help ourselves, our colleagues, and our shareholders."

KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking and specialty finance sectors.

1st Source Corporation, parent company of 1st Source Bank, has assets of $9.0 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/.

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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/252278

FAQ

What is the significance of 1st Source (SRCE) making the KBW Bank Honor Roll?

Making the KBW Bank Honor Roll places 1st Source among the top 5% of eligible U.S. banks, recognizing its consistent earnings growth and strong financial performance over the past decade.

How many banking centers does 1st Source (SRCE) operate in 2025?

1st Source operates 78 banking centers, along with 18 Specialty Finance Group locations, 9 Trust and Wealth Advisory Services locations, 10 insurance offices, and 3 loan production offices.

What are the eligibility criteria for the KBW Bank Honor Roll that SRCE achieved?

Banks must have over $500 million in assets and either show consistent earnings growth over the past 10 years or rank in the top 5% based on 10-year EPS compound annual growth rate.

What is 1st Source Corporation's (SRCE) total asset value in 2025?

1st Source Corporation has total assets of $9.0 billion and is the largest locally controlled financial institution in the northern Indiana-southwestern Michigan area.