1st Source Bank is pleased to announce that they were once again named to Forbes’ America’s Best Banks list, taking the 26th spot out of 100. According to Forbes, they look at “10 metrics measuring growth, credit quality and profitability for the 12 months ending September 30, 2024, and stock performance for the 12 months ending January 10, 2025.” 1st Source is one of only three banks in Indiana to make this year’s list.
“We are honored to receive recognition as one of America’s Best Banks for the second year in a row,” said Andrea Short, President and CEO of 1st Source Bank and President of 1st Source Corporation. “To rank number 26 on such a prestigious list of competitors is a testament to our colleagues’ commitment to living out our mission to help our clients achieve security, build wealth, and realize their dreams. I am proud of our long history of serving our clients well while reinforcing our stability as a financial institution in the areas of growth, credit quality and performance.”
The 16th 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 2025 America's Best Banks
Oakland City University releases statement on rumors of closing
Indiana Natural Resources Commission to hold public hearing for bobcat rule changes
Illinois State Museum Route 66 exhibit to open May 23
Lawrenceville votes to raise sewer rates and hire engineering firm for new sewer plant
Two sentenced to prison in Lawrence County
May 15 is National Peace Officers Memorial Day
St. Francisville City Council takes action on annual budget
Unit #10 Special Education meeting
Chevron hosts annual former Texaco refinery open house
Bill signed to prohibit cell phones, wireless devices in schools
Sumner in line for federal funding for planned Christy Avenue project
Neimerg calls for IDOC changes at Lawrence County and Crawford County prisons
110th running of the Indianapolis 500 a sellout, local TV delay lifted
Lawrence County issued tentative property multiplier
Ash retires as Bridgeport Police Chief
USDA requires SNAP authorized retailers to carry more real food
Vincennes paving work continuing
Rep. Niemerg calls for immediate your of correctional facilities following inmate death
Congressman Yakym's staff to hold mobile office hours in Plymouth this month
