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1st Source Named To KBW Honor Roll For 3rd Year

Stocks in this article: SRCE

1st Source Corporation announced that it has been named to the Keefe, Bruyette & Woods (KBW) Bank Honor Roll of superior performers, one of only 31 banking institutions achieving admission this year. This is the third year in a row that 1st Source has made the list. The list acknowledges those institutions that achieved positive earnings per share growth trends over the last decade, regardless of the economic environment.

“We believe it is fair to say that the past decade has been one of the most challenging in the history of U.S. banking,” noted Fred Cannon, KBW Director of Research. “The Bank Honor Roll is a way for KBW to acknowledge companies that have managed to excel during these tumultuous times and position their companies for further growth in what remains a rate-challenged environment.”

Christopher J. Murphy III, Chairman of 1st Source Bank, commented, “We’re thankful for this recognition of our strong financial performance and for being named to this prestigious list for the third consecutive year. As KBW mentioned, it’s been a tough 10 years for the economy. To succeed, we have remained focused on our goals - delivering exceptional client service, offering straight talk and sound advice while always keeping our clients’ best interests in mind, providing distinctive convenience, managing costs tightly, and operating with pristine credit quality. For the long term, the better we serve our clients, the better we will perform for our shareholders.”

KBW Bank Honor Roll winners are publicly traded banking companies with more than $500 million in total assets that meet the following three criteria:

  • No annual loss reported in net income per share before extraordinary items over the past 10 years.
  • 2013 annual reported net income per share before extraordinary items must have been 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 common stock is traded on the NASDAQ Global Select Market under “SRCE” and appears in the National Market System tables in many daily newspapers under the code name “1st Src.” Since 1863, 1st Source has been committed to the success of the communities it serves. For more information, visit www.1stsource.com.

1st Source serves the northern half of Indiana and southwest Michigan and is the largest locally controlled financial institution headquartered in the area. While delivering a comprehensive range of consumer and commercial banking services through its community bank offices, 1st Source has distinguished itself with highly personalized services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy duty trucks, construction and environmental equipment. The Corporation includes 77 community banking centers in 17 counties, 9 trust and wealth management locations, 8 1st Source Insurance offices, as well as 21 specialty finance locations nationwide. Celebrating 150 years, 1st Source has a history dating back to 1863. The Bank has a tradition of providing superior service to clients while playing a leadership role in the continued development of the communities it serves.

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