Welcome to our dedicated page for First Savings news (Ticker: FSFG), a resource for investors and traders seeking the latest updates and insights on First Savings stock.
First Savings Financial Group, Inc. (NASDAQ: FSFG) is the holding company for First Savings Bank, an entrepreneurial community bank headquartered in Jeffersonville, Indiana. Company news releases describe a branch network of fifteen depository locations in southern Indiana and two national lending programs focused on single-tenant net lease commercial real estate and SBA lending, with offices predominantly in the Midwest.
This FSFG news page highlights official announcements that the company furnishes through GlobeNewswire and the SEC. Readers can review earnings releases that discuss net income, net interest income, net interest margin on a tax-equivalent basis, provisions for credit losses, noninterest income from activities such as gains on sales of SBA loans and home equity lines of credit, and noninterest expenses. These releases often include management commentary on asset quality, deposit trends, and capital and liquidity management.
In addition to quarterly and annual financial results, the company regularly issues news about quarterly cash dividends on its common stock, specifying per-share amounts, record dates, and expected payment dates. Other news items have covered the redemption of subordinated notes, strategic balance sheet actions such as bulk sales of home equity lines of credit, and the cessation of national mortgage banking operations.
A significant portion of recent FSFG news relates to its Agreement and Plan of Merger with First Merchants Corporation, under which FSFG will merge with and into First Merchants, and First Savings Bank will merge with and into First Merchants Bank, subject to regulatory and shareholder approvals. Investors and observers can use this page to follow merger-related updates, dividend declarations, and detailed financial disclosures in one place.
First Savings Financial Group (NASDAQ: FSFG) reported net income of $13.6 million, or $1.98 per diluted share, for fiscal year 2024, compared to $8.2 million, or $1.19 per diluted share, in 2023. The core banking segment's net income was $16.9 million. Net interest income decreased $3.5 million to $58.1 million, with tax equivalent net interest margin declining to 2.68% from 3.10%. Total assets increased $161.5 million to $2.45 billion, with net loans held for investment growing by $193.6 million. The company ceased national mortgage banking operations and implemented expense reduction strategies, resulting in decreased noninterest expenses of $23.2 million.
First Savings Financial Group, Inc. (NASDAQ: FSFG) has announced a quarterly cash dividend of $0.15 per common share. The dividend will be paid on or about September 30, 2024 to stockholders of record as of the close of business September 13, 2024. First Savings Bank, the Company's subsidiary, is an entrepreneurial community bank headquartered in Jeffersonville, Indiana, operating fifteen depository branches in Southern Indiana. The Bank also runs two national lending programs focused on single-tenant net lease commercial real estate and SBA lending, with offices primarily in the Midwest. Known for its leadership in local communities and national lending programs, First Savings Bank aims to be the best community bank.
First Savings Financial Group (NASDAQ: FSFG) reported financial results for Q3 fiscal year 2024.
Net income for Q3 2024 was $4.1 million or $0.60 per diluted share, up from $2.3 million or $0.34 per diluted share in Q3 2023. Excluding nonrecurring items, net income was $3.5 million or $0.52 per diluted share.
Core banking net income for Q3 2024 was $4.7 million or $0.69 per diluted share, up from $2.9 million or $0.43 per diluted share in Q3 2023. Excluding nonrecurring items, core banking net income was $4.2 million or $0.61 per diluted share.
Net interest income decreased 2.2% to $14.5 million. Noninterest income decreased by $4.0 million, and noninterest expense decreased by $6.5 million. The company recorded net charge-offs of $105,000.
For the nine months ended June 30, 2024, net income was $9.9 million or $1.45 per diluted share, an increase from $8.9 million or $1.29 per diluted share in the same period in 2023.
Total assets increased by $104.6 million to $2.39 billion. Total liabilities increased by $87.6 million, primarily due to increased FHLB borrowings and deposits.
First Savings Financial Group (FSFG) announced a quarterly cash dividend of $0.15 per common share, payable on or about June 28, 2024, to stockholders of record as of June 14, 2024. The company, headquartered in Jeffersonville, Indiana, operates fifteen branches in Southern Indiana and has two national lending programs. FSFG's common shares trade on NASDAQ under the symbol 'FSFG'.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.