- 1st Source Corporation (NASDAQ: SRCE) marks its seventh consecutive year on the KBW Bank Honor Roll.
- The company is among the top 5% of U.S. banks, showcasing consistent earnings growth.
- 1st Source boasts $9.0 billion in assets, making it the largest locally-controlled financial institution in its region.
1st Source Corporation (SRCE, Financial) has been acknowledged for its exceptional financial performance by being named to the prestigious KBW Bank Honor Roll for the seventh consecutive year. This distinction places the bank among only 16 elite U.S. banks that represent the top 5% of eligible institutions, highlighting its consistent earnings growth and financial stability.
To qualify for the KBW Honor Roll, financial institutions must hold assets exceeding $500 million and either demonstrate consistent earnings growth over the last decade or be ranked in the top 5% based on a 10-year EPS compound annual growth rate. 1st Source's continued inclusion underscores its robust financial strategies and operational success.
With $9.0 billion in assets, 1st Source is the largest locally-controlled financial institution in the northern Indiana-southwestern Michigan area. It operates 78 banking centers, 18 specialized finance locations, nine trust and wealth advisory offices, ten insurance offices, and three loan production offices. This regional presence and sustained performance highlight management's effective risk management and strategic diversification.
Andrea Short, President and CEO of 1st Source Bank, emphasized the significance of this achievement: "It is a testament to our commitment to helping clients achieve security, build wealth, and realize their dreams, all of which align with our strong financial performance."
For more information on 1st Source Corporation, please visit their official website.
