1st Source Corporation (NASDAQ:SRCE) has once again been named to the
Keefe, Bruyette & Woods, Inc. (KBW) “Bank Honor Roll” of Superior
Performers in recognition of the bank’s strong performance over the past
ten years. 1st Source is one of 25 banks to be named to this esteemed
list.
“It is an honor to be recognized for our strong performance over the
past decade,” said Christopher J. Murphy III, 1st Source Chairman and
CEO. “1st Source has performed well at one of the most challenging times
in the history of U.S. banking and it speaks to our strength and
stability. We have done so by staying true to our mission of helping our
clients achieve security, build wealth and realize their dreams and will
continue to do so in the years ahead.”
1st Source has been named to the Bank Honor Roll four consecutive years.
According to KBW, the Bank Honor Roll winners significantly outperform
both their banking peers and the market and have better-than-industry
performance ratios and growth rates.
KBW Bank Honor Roll winners are publicly traded banking institutions
with more than $500 million in total assets that meet three conditions:
-
No annual loss reported in net income per share before extraordinary
items over the past 10 years;
-
2014 annual reported net income per share before extraordinary items
equal to or greater than peak net income per share over the past 10
years.
-
Consecutive increases in net income per share before extraordinary
items since 2009.
1st Source Corporation, parent company of 1st Source Bank, has assets of
$4.83 billion and is the largest locally controlled financial
institution headquartered in the northern Indiana-southwestern Michigan
area. The Corporation includes 80 banking, 22 1st Source Bank Specialty
Finance Group locations nationwide, eight Trust and Wealth Management
locations and eight 1st Source Insurance offices. For more than 150
years, 1st Source has been committed to the success of the communities
it serves. For more information, visit www.1stsource.com.
Copyright Business Wire 2015