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First Savings Financial Group inc   (FSFG)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $16.7400 $-0.08 -0.446%
Day's High: $16.94 Week Perf: -0.06 %
Day's Low: $ 16.58 30 Day Perf: -7 %
Volume (M): 3 52 Wk High: $ 19.72
Volume (M$): $ 52 52 Wk Avg: $15.49
Open: $16.94 52 Wk Low: $11.74



 Market Capitalization (Millions $) 115
 Shares Outstanding (Millions) 7
 Employees 148
 Revenues (TTM) (Millions $) 80
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 3

First Savings Financial Group Inc

First Savings Financial Group, Inc., an Indiana corporation, was incorporated in May 2008 to serve as the holding company for First Savings Bank. On October 6, 2008, in accordance with a Plan of Conversion adopted by its Board of Directors and approved by its members, the Bank converted from a mutual savings bank to a stock savings bank and became the wholly-owned subsidiary of First Savings Financial Group. In connection with the conversion, the Company issued an aggregate of 2,542,042 shares of common stock at an offering price of $10.00 per share. In addition, in connection with the conversion, First Savings Charitable Foundation was formed, to which the Company contributed 110,000 shares of common stock and $100,000 in cash. The Company’s common stock began trading on the NASDAQ Capital Market on October 7, 2008 under the symbol “FSFG”.

First Savings Financial Group’s principal business activity is the ownership of the outstanding common stock of First Savings Bank. First Savings Financial Group does not own or lease any property but instead uses the premises, equipment and other property of First Savings Bank with the payment of appropriate rental fees, as required by applicable law and regulations, under the terms of an expense allocation agreement. Accordingly, the information set forth in this annual report including the consolidated financial statements and related financial data contained herein, relates primarily to the Bank.

First Savings Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its primary market area. We attract deposits from the general public and use those funds to originate primarily residential and commercial mortgage loans. We also originate commercial business loans, residential and commercial construction loans, multi-family loans, land and land development loans, and consumer loans. We conduct our lending and deposit activities primarily with individuals and small businesses in our primary market area, except as otherwise discussed herein.

Consistent with the Bank’s conversion to an Indiana-chartered commercial bank in December 2014, the Bank is continuing the process of transforming the composition of its balance sheet from that of a traditional thrift institution to that of a commercial bank. We intend to continue to emphasize residential lending, primarily secured by owner-occupied properties, but also to continue concentrating on ways to expand our consumer/retail banking capabilities and our commercial banking services with a focus on serving small businesses and emphasizing relationship banking in our primary market area.

The largest segment of our loan portfolio is real estate mortgage loans, primarily one- to four-family residential loans, including non-owner occupied residential loans that were predominately originated before 2005, and, to a lesser but growing extent, commercial real estate, multi-family real estate and commercial business loans. We also originate residential and commercial construction loans, land and land development loans, and consumer loans. We generally originate loans for investment purposes, although, depending on the interest rate environment and our asset/liability management goals, we may sell into the secondary market the 25-year and 30-year fixed-rate residential mortgage loans that we originate. We do not offer, have not offered and have not purchased or acquired Alt-A, sub-prime or no-documentation loans.

We have legal authority to invest in various types of liquid assets, including U.S. Treasury obligations, securities of various U.S. government agencies and sponsored enterprises, securities of various state and municipal governments, mortgage-backed securities, collateralized mortgage obligations and certificates of deposit of federally insured institutions. Within certain regulatory limits, we also may invest a portion of our assets in other permissible securities. As a member of the Federal Reserve System and Federal Home Loan Bank System, in particular a member of the Federal Home Loan Bank of Indianapolis (“FHLB”), First Savings Bank is also are required to acquire and hold shares of capital stock in the Federal Reserve Bank and FHLB.



   Company Address: 702 North Shore Drive Jeffersonville 47130 IN
   Company Phone Number: 283-0724   Stock Exchange / Ticker: NASDAQ FSFG
   


Customers Net Income grew by FSFG's Customers Net Profit Margin grew to

32.07 %

11.91 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -2.91%    
CARV   -0.61%    
CFFN   -2.54%    
HFBL        0.62% 
KFFB        1.15% 
TFSL   -3.25%    
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First Savings Financial Group Inc

First Savings Financial Group Inc Boosts Earnings with $0.48 Million Tax Provision Windfall


Author:
Publication: The

First Savings Financial Group Inc (NASDAQ: FSFG), the holding company for First Savings Bank, recently reported its financial results for the quarter ending December 31, 2023. Unfortunately, the company's earnings per share (EPS) declined significantly by -68.29% to $0.13 per share compared to $0.41 per share in the previous year. However, there was a positive upturn from the previous quarter's EPS of $-0.11 per share.
Furthermore, the company experienced a respectable decrease in revenue by -19.458% to $16.48 million from $20.47 million in the same quarter the previous year. Sequentially, the revenue fell by -18.251% from $20.16 million. The net income for the financial period, closing in December 2023, also saw a decline of -67.96% to $0.920 million compared to $2.871 million in the corresponding period the previous year.

First Savings Financial Group Inc

First Savings Financial Group Inc Faces Steep Decline in Revenue and Earnings, Urgent Action Needed

First Savings Financial Group Inc (NASDAQ: FSFG) recently released its financial results for the time-frame closing September 30, 2023, and the numbers are cause for concern. The company reported a net deficit of $0.11 per share, compared to earnings of $0.20 per share the previous year. Additionally, earnings per share fell from $0.34 per share in the previous quarter.
The company's revenue also took a hit, decreasing by -1.529% to $20.16 million from $20.48 million in the same quarter a year ago. Sequentially, revenue decreased by -6.739% from $21.62 million. This decline in revenue can be attributed to various factors, including a slowing demand that has led to a decline in the level of accounts receivable, which now stands at $2.4 million.
Furthermore, on a larger scale, for the entire financial year of 2023, First Savings Financial Group Inc reported revenue of $84.30 million and a bottom-line of $8.17 million. These figures indicate a significant decrease compared to the prior financial year, with income per share fading by -44.65% to $1.19 per share from $2.15 in the previous year.
First Savings Financial Group Inc is expected to report its next financial earnings on February 05, 2024. This will be an important opportunity for the company to present a plan to address the challenges it is currently facing in the market. It should be noted that the stock has recently recorded a solid gain of 6.9% over the past 7 days and is currently trading on the NASDAQ by 1.5% above its 52-week average.
In an effort to boost investor confidence, First Savings Financial Group Inc recently announced the declaration of a quarterly cash dividend of $0.14 per common share. This is positive news for the shareholders, as it indicates that the company continues to prioritize the returns for its investors. The cash dividend is scheduled to be paid on or about December 29, 2023, to stockholders of record as of December 15, 2023.

Dividend

First Savings Financial Group, Inc. Announces Dividend Amidst Challenging Market Conditions

Published Wed, Nov 29 2023 4:07 PM UTC

First Savings Financial Group, Inc. Announces Quarterly Cash Dividend
JEFFERSONVILLE, Ind., Nov. 29, 2023 - First Savings Financial Group, Inc. (NASDAQ: FSFG), the holding company for First Savings Bank, has announced the declaration of a quarterly cash dividend of $0.14 per common share. Scheduled to be paid on or about December 29, 2023, to stockholders of record as of...

First Savings Financial Group Inc

First Savings Financial Group Inc Reports Declining Earnings Amid Weak Revenue Performance in Q3 2023

First Savings Financial Group Inc is a financial institution that operates in the S&Ls Savings Banks sector. The company recently reported a drop in revenue and profits in the third quarter of 2023. Profits decreased by 8.11% to $0.34 per share, while revenue dropped by 14.922% year on year, reaching $21.62 million compared to $25.41 million in the same period the previous year.
This decline in revenue and profits is in contrast to the overall performance of the S&Ls Savings Banks sector, which saw a growth in revenue during the third quarter of 2023. Compared to the previous three months, income for First Savings Financial Group Inc decreased by 37.04% from $0.54 per share, and revenue decreased by 1.977% from $22.06 million.

First Savings Financial Group Inc

First Savings Financial Group Inc. Faces Harsh Revenue Slump, with Q2 2023 Results Showing a 35% Drop

First Savings Financial Group Inc. recently reported its financial results for the second quarter of 2023. The results show that the company's EPS (Earnings Per Share) plummeted by 44.9% to $0.54 per share from $0.98 a year prior. Despite this decline, the company's income grew by 31.71% to $0.41 per share from the previous reporting period.
Unfortunately, the company's revenue dwindled by 35.348% to $22.06 million from $34.12 million in the corresponding reporting period last year. However, sequentially, the revenue advanced by 7.774% from $20.47 million. Net earnings of $3.724 million in the second quarter of 2023 fell by 47.06% from $7.035 million in the corresponding period a year ago.






 

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