1st Source Corporation Again Named to KBW “Bank Honor Roll” of Superior Performers
April 13 2015 - 12:26PM
Business Wire
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.
1st Source CorporationAngie Dvorak, 574-235-2128
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