In the Q4, First Savings Financial Group Inc 's corporate clients experienced a reduction by -5.45 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -20.86 %. During the corresponding time, First Savings Financial Group Inc recorded a revenue increase by 28.81 % year on year, sequentially revenue grew by 1.82 %. While revenue at the First Savings Financial Group Inc 's corporate clients fell by -1.61 % year on year, sequentially revenue fell by -0.14 %.
Customers of First Savings Financial Group Inc saw their costs of revenue decrease by -5.45 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -20.86 %, for the same period First Savings Financial Group Inc recorded revenue increase by 28.81 % year on year, sequentially revenue grew by 1.82 %.
First Savings Financial Group Inc's Comment on Sales, Marketing and Customers
The company serves customers through walk-in traffic, advertising, and referrals from customers and professionals such as real estate agents, attorneys, and accountants. It primarily originates and sells long-term fixed-rate residential mortgage loans and SBA 7(a) program loans. The SBA lending platform targets borrowers and collateral outside the primary market area and sells guaranteed portions in the secondary market to diversify geographic and interest rate risk. The company also originates first lien home equity loans for interest income and sale in the secondary market to further diversify geographic and interest rate risk. Additionally, it operates a mortgage banking platform focused on originating and selling one- to four-family residential real estate loans nationwide.
First Savings Financial Group Inc’s Comment on Sales, Marketing and Customers
The company serves customers through walk-in traffic, advertising, and referrals from customers and professionals such as real estate agents, attorneys, and accountants. It primarily originates and sells long-term fixed-rate residential mortgage loans and SBA 7(a) program loans. The SBA lending platform targets borrowers and collateral outside the primary market area and sells guaranteed portions in the secondary market to diversify geographic and interest rate risk. The company also originates first lien home equity loans for interest income and sale in the secondary market to further diversify geographic and interest rate risk. Additionally, it operates a mortgage banking platform focused on originating and selling one- to four-family residential real estate loans nationwide.
Sources:
First Savings Financial Group Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Savings Financial Group Inc’s corporate clients.
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