1st Source Bank Named one of America’s Best Banks by Forbes Ranked #26 in Top 100 U.S. Banks

1st Source Bank is pleased to announce that they were once again named to Forbes’ America’s Best Banks list, taking the 26^th 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 16^th 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